A new promising player in the trading arena in Canada
Webull is entering a new market.
Webull, an international equity trading platform, has recently launched in the Canadian market, offering its services for a flat fee of CA$ 2.99 per transaction. Which clients will be most interested in it?
Terms and conditions
Open to Canadian customers since January 2024, the Webull platform already manages 11 million accounts worldwide. It invites its potential users in Canada to join a waiting list on its official website — webull.ca. It is usually possible to register and start using the app within two business days.
In Canada, the fee is CA$ 2.99 per transaction on the local market and US$ 2.99 for shares listed on U.S. exchanges. However, there is no commission for the first 90 days for new clients.
According to Michael Constantino, CEO of Webull Securities (Canada) Limited, this fee structure is common in most countries where the company operates and is related to the higher cost of doing business in Canada.
Pros and cons
Webull's web platform and mobile app allow for simple and convenient account management. Despite possible delays in loading pages by desktop, users have access to extensive functionality, including real-time market data. Investors can also hone their skills on a demo account.
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