Webull Finally Comes To Canda: Full Review

Webull announced they are coming to Canada in 2024. Here is everything you need to know.

Updated: Jul 4, 2024

Webull Canada

Is Webull in Canada? In 2024, Webull announced they are finally launching in Canada. You can visit Webull.ca or download the Webull app from the App Store or Google Play to join the official waitlist.

What Is Webull?

Webull is a brokerage that offers stock trading, ETFs, options, and cryptocurrency. People seem to like the platform because it has a great mobile app with zero commissions, no deposit minimums, and many advanced trading tools. Plus, Webull offers a very popular sign up bonus where you can get 12 free stocks. They were founded in 2017 and have at least 11 million users.

Webull Key Features

  • Stocks, Options, ETFs - Trade thousands of stocks commission-free with real-time market data, advanced orders, and analysis tools. It's all packaged into a great user-interface on mobile and desktop.
  • Cryptocurrency - Webull has over 50+ cryptocurrencies and they are also launching a crypto wallet.
  • Community - Engage with others, create posts, and join discussions within the app.
  • Fractional Shares - Invest in eligible stocks with as little as $5 without buying a whole share.
  • A Lot More - Webull has market research, paper trading, OTC, extended trading hours, and even 24/7 support.

Webull Alternatives for Canadians

1. Questrade

  • Top Choice

Questrade is the most similar platform to Webull in Canada. They have CAD and USD stocks and ETFs, plus lots of charts, data, and advanced settings. They offer free trades when you buy ETFs, but you’ll have to pay $4.95 to $9.95 for just about everything else (including a fee when you sell ETFs). Even though Questrade is not commission free, it’s relatively cheap for Canada's standards and it's one of the best platforms for U.S. stocks.

Additionally, Questrade also offers Questwealth, an easy to use roboadvisor if you don't want to worry about picking individual stocks.


  • CAD and USD accounts
  • Desktop and mobile app
  • Stocks, ETFs, margin, and roboadvisor
  • Advanced data streams


  • $1,000 minimum balance
  • Not commission-free ($4.95 to $9.95 per trade)
  • Low reviews for mobile app

2. Wealthsimple

  • All-In-One Finance App
Wealthsimple Website

With 2.5 million clients, Wealthsimple is pretty famous in Canada. In case you haven't heard of it, it's an all-in-one finance app with stock trading, ETFs, crypto, and robo-advisors. Plus, it has P2P payments (similar to Venmo in the US) and a free rewards card where you can earn 1% cash back paid in stocks, crypto, or cash.

Since they target beginner and millennial investors, Wealthsimple does not have the advanced trading tools that you'll find on Webull. However, it does have commission-free trading, US stocks, and a mobile-based experience. Learn more about Wealthsimple's products:


  • Canada's best financial "super app"
  • Hands-off investing with Wealthsimple Invest
  • Stocks, ETFs, crypto, fractional shares, and more
  • Mobile-based and beginner friendly


  • High 1.50% currency conversion fees when buying and selling US stocks
  • WS Crypto is expensive (1.50% fee + spreads)
  • No advanced features like Webull

3. Newton

  • Low-Cost Crypto Exchange
Newton Website

If you wanted Webull so you can buy and sell crypto, Newton is RankFi's best crypto exchange which is trusted by 500,000 Canadians. It offers 75+ coins (more than Webull) and has free interac e-transfers, no trading fees, and low spreads. While it doesn't offer stock trading, it's the best crypto on-ramp for Canadians that's easy to use and has low fees.

While Newton is our best overall choice, there are many features to consider when choosing a crypto exchange. You can check out our comparison tool here to find the best Canadian platforms.


  • Zero trading fees and low fees (hidden fees included)
  • Quick funding and withdrawals with free interac e-transfers
  • Newton covers first $5 on crypto withdrawals
  • Beginner-friendly and great UX


  • No stocks and ETFs
  • Limited advanced trading features
  • Many complaints for slow customer support

4. Blossom

  • Canada's First Social Investing App
Blossom Social Website

Blossom is a newer app and does not offer stock trading yet, but it's on the way. It's a good Webull alternative if you're looking for a social investing app and stock community. Users can link their portfolios allowing you to see what your friends and top investors are buying and selling. You can create posts, engage with others, and get alerts when someone you follow makes a trade.


  • Free to use
  • See what others are investing in through verified portfolios
  • Engage and interact with a Canadian stock community 


  • No stock trading yet
  • Still a new app

5. Interactive Brokers

  • Professional Trading Platform
Interactive Brokers

Interactive Brokers is a great Webull alternative for intermediate and professional investors. They have low costs, extensive tools, and let you trade globally in 135 markets. Interactive Brokers is often regarded as one of the best platforms in the industry for professionals. You'll get technical charts, margin, options, and almost every feature you can think of. On the downside, it's difficult for beginners to use and it costs $10/mo for accounts under $100K.


  • Invest globally in 135 markets
  • Stocks, options, bonds, futures, currencies, fractional shares, and more
  • $0 account minimum


  • Difficult for beginners
  • Accounts under $100K costs $10/month or the difference in commissions

Tips To Choose A Broker

Choosing the right broker is important because it's something you'll be using for many years. It helps to find a platform that you can enjoy, minimizes your fees, and gives you the features you need.

1) Decide What Features Are Important To You

Every investor is different. So first, write down what features are important to you. Popular things to consider are:

  • How many trades per month will you be making?
  • What will you be trading? (Stocks, ETFs, options, etc)
  • What currencies/markets do you need access to?
  • What type of account do you need? (TFSA, RRSP, etc)

Features to consider:

  • Fees - Trading fees, currency exchange fees, etc.
  • Platform - User-friendliness, Desktop app, mobile app
  • Customer Service - Speed, email, telephone, live chat

2) Test Your Options

After you identify what you need, compare all of your options, and go for it. Ultimately, you won't know if you like a broker until you try it. To avoid making a mistake, don't deposit everything into the first broker you try. Start small to test it out. It's okay to use multiple brokers as well. I use two for different reasons, and it's an excellent way to test them out.


Who Is Eligible For Webull?

To open an account, Webull's website explains that you need a U.S. address and social security number.

What Is The Best Webull Alternative in Canada?

Canada has many apps which are good for different features. Questrade is best for advanced stock trading, Wealthsimple for fractional shares and an all-in-one investing app, and Newton for low-cost crypto purchases. 

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