Alternatives to Webull in Australia
6 options to consider if you're making the switch from Webull.
Webull is a low-fee trading platform that allows users to trade stocks and ETFs from Australia, the US and Hong Kong, as well as US options.
What is Webull?
Webull is a stock trading platform that offers share trading, US options and fractional shares.
Webull is popular for its competitive fee structure and user-friendly interface. It’s a solid choice for casual investors, but also offers a range of advanced charts and analysis tools to suit more experienced traders.
Alternatives to Webull
1. eToro
eToro offers low-commission AU, US, Hong Kong and European stock trading and a popular copy trading feature for investors.
eToro is perhaps best known for its social trading approach and the copy trading feature that lets you make the same moves as eToro's top traders. eToro also lets you access stocks and forex from one account, opening up a wide range of trading possibilities.
- Brokerage fee: US$2
- Inactivity fee: US$10
- Products: AU stocks, US stocks, European stocks, Hong Kong stocks, forex, commodities
- Access: Mobile app and desktop
2. IG
Open an IG share trading account and you can take advantage of zero trading fees on US and global stocks.
IG doesn’t just offer commission-free trading on US stocks and ETFs, it also offers zero-fee trades on global markets including the UK, Germany and Ireland. You can also trade shares on the ASX, though brokerage fees apply, and use your IG account to trade forex and commodities.
- Brokerage fee: From $5 for ASX shares, $0 for global shares
- Inactivity fee: $50 per quarter
- Products: Australian and international shares, forex, commodities
- Access: Mobile and desktop
3. CMC Invest
CMC Invest offers fee-free stock trading on US, UK, Canadian and Japanese markets.
When you open a CMC Invest account, you can trade local and international shares, ETFs, options and more. ASX trades attract a brokerage fee, but trades on global markets (including the US) are commission free.
- Brokerage fee: From $11 for ASX stocks (CHESS), $0 for global stocks
- Inactivity fee: $0
- Products: Australian and global shares, options, managed funds, forex, commodities
- Access: Desktop or mobile app
4. Saxo Invested
Access low brokerage fees when you trade over 19,000 stocks on 40+ exchanges around the world.
If you open an online trading account with Saxo Invested, you can trade global stocks, ETFs, bonds, forex and more. Saxo Invested offers access to shares on the ASX, the NASDAQ and the NYSE in the US, as well as a wide range of exchanges across Asia and Europe. However, be aware that brokerage fees apply.
- Brokerage fee: From $3 for ASX stocks, US$1 for US stocks
- Inactivity fee: $0
- Products: ASX-listed stocks, global stocks, forex, stock options
- Access: Full-service broker, desktop platform
5. Stake
This mobile and desktop trading app offers zero-fee trading on over 3,800 US stocks and ETFs.
Stake is designed to provide Aussie investors with easy and affordable access to US stocks. Account holders can trade over 3,800 stocks and ETFs on US exchanges like the NASDAQ and the NYSE. There’s also a paid monthly plan available for traders who want to access advanced features, but Stake doesn’t offer leverage trading or access to other assets such as forex.
- Brokerage fee: $0 for US stocks
- Inactivity fee: $0
- Products: US shares, ETFs
- Access: Online only
6. Interactive Brokers
Enjoy low brokerage fees on Australian and international shares, on a platform that is better suited to experienced traders than beginners.
Interactive Brokers is a US-based online trading platform that offers access to a huge range of global markets. You can trade everything from stocks and ETFs to forex and metals, with access to the ASX, NASDAQ, NYSE, London Stock Exchange and more. Brokerage fees are low, but the fee structure is complex and the advanced features of this platform are better suited to experienced traders.
- Brokerage fee: From $5 for ASX stocks, from US$0.0035 per share (capped at 1% of trade value) for US stocks
- Inactivity fee: US$10 per month
- Products: ASX-listed stocks, global stocks, options, futures, forex, currencies, commodities, bonds, ETFs, mutual funds
- Access: Online only
Compare share trading platforms
Looking for something else? Compare a range of other share trading platforms in the table below.
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Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Consider your own circumstances, and obtain your own advice, before making any trades.
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