WeBull Australia Review: Best Broker To Buy US Stocks in 2024?
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- Опубліковано 15 чер 2024
- In this video, I’m going to review the WeBull Australia App which is the newest online broker to hit our shores. This app allows Australian investors to buy US stocks like Apple, Google, and Tesla from their smart phone.
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#webull #usstocks #australianstockmarket
⏰ TIMESTAMPS
0:00 - Intro
0:25 - What is WeBull
1:28 - Special Promo
2:32 - Fees
4:51 - Security
6:43 - The App / Platform
7:19 - How To Buy a Stock on WeBull
9:49 - Final Thoughts
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Link: www.webull.com.au/s/U1yauNakeQOp3qP3iW
Hi Bryan,
Your videos are very informative.
I just started out with Webull and tried to buy stocks worth a bit less than AUD 100 and it declined saying the first trade should be of AUD 500. just wanted to check with you if it's the case
Hey there! Yeah, in the ASX there is a rule called the Minimum Marketable Parcel which says your first investment of any stocks needs to be at least $500. After the first purchase, you can buy in smaller increments. So if you use a chess sponsored broker, you will have to follow this rule. If your broker is not chess sponsored then you can skip this rule.
Mate love the videos! 🙏🙏
Thanks! 🙌
Awesome. Thanks Bryan
Cheers Gene!
I keep seeing ads for this on my Facebook. Thanks for the review. Looks like we always get smashed with FX fees here in Straya
Yeah, unfortunately that’s how these brokers make a lot of their money since commission fees are low. Good to see more competition though.
Hey mate. Does webull offer organic tax reporting for australians? With Stake, they do not offer this and we have to use sharesight to get the correct reporting
I signed up to Webull only 4 weeks ago. It has been an absolutely seamless experience thus far. Only annoying thing is the FX at the moment. Also haven't tried to withdraw as yet. Will try that next week to see if its not a hassle. Limited US options strategies available. Brokerage very low.
Thanks for sharing, mate. That's great that you're enjoying their services so far. Yeah, unfortunately foreign exchange rate is something we cannot control. Withdrawing wasn't an issue for me. Please let us know your experience :)
Is there an international wire transfer fees when you transfer money in and out of your webull account?
@@Manu-ei8dv Nope not that I have seen. I believe the money goes to Webull Australia. The transaction hits Webull account in 1 second. The FX occurs when you transfer funds to US wallet. What fees if any are in that transfer
bryan wich is the best broker for invest in options in us market. ?
What about the bid-ask spread about the foreign exchange? Sometimes, it is up to 3%, i.g. 0.627 and 0.6388 for USD AUD conversion.
Is their a clear explanation on how to do the deposit step
Thank you for the video, liked and subscribed too. At the moment my WeBull Aus App has no crypto tab, how did you get it activated? :)
Thanks mate. WeBull Australia does not offer crypto yet.
Great video!
Do you know how to set up recurring investments into stocks for dollar cost averaging?
Unfortunately, most brokers including WeBull don’t have an auto invest function so you’ll have to manually do it yourself.
Great video as always, I've started using Webull as a result and enjoying it. The comment you made about Chess and owning the US stocks is interesting. I wanted to start using the Webull AU app to implement DRP on the US stocks I have bought through Webull AU. But not I realise it doesn't have the function. Is it because we don't technically own the US shares that means we cant set up DRP to work on US stocks? Or is it just that Webull AU doesn't have that function and other brokers do?
Hey Nick, great question and observations. Every ‘Aussie’ broker that offers US stocks won’t have the function because Chess is unique to Australia. Even US citizens don’t have access to the chess model so they don’t own their stocks directly like us. All their brokers run on a custodial model.
@BryanInvest thanks for the response, I appreciate it. New to this, all a bit hard to understand.
So if I want to set up compounding, I need to buy Aussie stocks? Is there no way for aussies to set up DRP/compounding on US stocks? Can we invest through a US broker or is that not possible…?
Great channel and content! What broker/s what you suggest for making long term investments? Not looking for day trading apps or regular yearly buy/sell stock, but just to purchase some shares with the intention of keeping them for 10-20 years. Should I be looking at different methods? Many Thanks
Thanks mate! I’m actually working on a video comparing all the popular brokers right now! I think CMC is quite good if you’re planning to invest small amounts over the long term. It’s $0 brokerage to buy under $1000 per day.
Webull have already jacked up FX fees to 50bps so that double what it was
Fidelity and Etrade (both in USA) offer DRIP (reinvestment plans on dividends) and wait for it --- also offer DRIP at the NAV price (eg on say CRF and CLM) - Are you aware of any Australian brokers or NZ brokers that offer DRIP at the NAV ?
thanks for this i only just found out it was launched in australia! I loved seeing people posting their profits with this app. I hope to do the same soon. do you know of any promo's they are doing for new users? can you do a video on buying options because it looks really confusing!
Thanks Emily. The link in the description is the best current promo. I’ll look to do a future options video!
Option trading possible in us market from Australia
Cheers Bryan! Can you do a vid reviewing some ETF,s/stocks on the US stock market pls 🙏🏾🙏🏾
Absolutely. There will be more videos about the US stock market soon!
@@BryanInvest thankyou bro!
how to pay taxes of us options??
Hi Bryan
I bought my first shares this week before I seen this video through stake.
I have since registered with Webull after seing this.
Will it problematic for me to use 2 brokers?
Transferring shares over to another broker- is there charges to do this ?
Hey David, I do the same thing so I wouldn’t worry about it. I have US stocks with SelfWealth, Stake, and WeBull. It’s not problematic at all. You just have to remember how many brokers you have during tax time if you receive dividends or sold any stocks for profit.
You can transfer the shares but personally I just keep multiple brokers open because the fees are constantly changing between them and I like to have the flexibility to go back to a certain broker. Plus it’s a pain in the butt to transfer and involves fees. If you’re really keen to transfer, I’ll leave an article down below how.
hellostake.com/au/support/wall-st/articles/35000152378
@@BryanInvest Nice one Bryan.
Thanks for the great advice.
Does the automatic investing option available for Australian investors
Unfortunately, I don't believe so.
How to sell stock and transfer money in AU account?
You’ll need to sell the shares from the US side. Then convert the USD into AUD to get the money in the AU account.
Hi Bryan, 3 months since your posting of this video, you still think this is still a good company to go with? (In terms of buying US shares.) Thanks in advance. Regards, Mike
Hey Mike, I’m still using WeBull and it’s going well so far. The only thing I’m disappointed in is that they increased their FX fee to 50 bps so it’s gone from being much cheaper to just a bit cheaper than it’s main competitors. In terms of security, it’s as safe as it can be with the strict Australian laws. It’s also not just a random start up, it’s one of the most popular online brokers in the US, HK, and Singapore. So in that sense, I would say it’s a ‘good company’.
@@BryanInvest thank you for taking the time for your reply. Will use your link to setup an account 🤘🤘🙏🙏
I'm about to get into investing for the first time, and am not sure if I should invest in the larger US market or stay safe in the Aussie market?
Depends which one you have more faith in. In the last 30 or so years, they have both averaged around 8-10% per year. Perhaps, a bit of both?
Does Webull AU have a desktop app or only a mobile app ?
Only mobile for now
Mobile App for now but their desktop version is in beta testing. Coming soon.
Desktop version is out now. It's a bit of a mess and if you're a beginner you'll struggle.
I'm 25 and looking to start investing my money instead of wasting it. What app would you recommend for a beginner mate?
Congrats mate for wanting to start!
I just made a video comparing 15 of the best Aussie brokers: linktw.in/sA6FJy
@@BryanInvest perfect mate will check it out now, love how you just get to the point unlike half of the other videos on UA-cam. Keep up the good stuff mate 👍 👏
I heard Webull don't offer stop loss and take profit feature in Australia, is this true?
Yeah unfortunately. I just called them and asked. They said that it's not available.
Thanks Bryan. I signed up to Stake two weeks ago. This could be a good alternative + cheaper!
Nice one Sarah. Never hurts to have a few brokers open.
Webull is leagues ahead of Stake.
I'll give it a try. How are you finding the app vs Stake?
@@sarahlynch3831 UI is so so sooooo much better. Much quicker than Stake. And they just released the desktop app too which is amazing once you arrange the layout in your preferred style.
I'm using it mostly for Options trading, but am very happy.
I've used Stake, Interactive, Aries, Trade Zero, and now Webull, and this is my favourite so far.
Compared to Stake it's way over complicated. Charts everywhere, tabs, buttons galore and a constant focus on you referring people to join.
is there website to trade or it only has app??
Right now only the app but they are building their desktop version.
@@BryanInvest my deposit is stucked in processing...how many days does it take ...its already been 2days
@@aejondeula6588 Shouldn't take that long. Are you with a big 4 bank? Maybe just wait another business day then contact them. I think banks are getting more strict when it comes to first time deposits these days.
Can u make a custodial account?
Unfortunately, not that I’m aware of.
Just looking at their fee's on their website, ADR fee is HUGE for buying low price shares!!! .001-.003 per share That would be $50-150 per trade on a 5000 share @$1per share trade which is insane! Would make it impossible to day trade with this broker....
Interesting. Do you think more “American’ brokers are coming to Australia?
I think so Wendy. Seems a few of the ones I’ve been hearing a lot in the last few years have made their way over from the US.
Can you have a usd account with them?
Yes of course. You just have to convert you AUD to USD if you want to buy any US stocks.
When I tried to sign up it wanted me to verify my ID with a US Passport, State ID etc. none of the options apply to Australian citizens. What did you use when you signed up please?
Hey mate, I think you went to the US version. Did you use the link in my description? That should direct you to the Aussie version. Cheers
@@BryanInvest Thanks Bryan, I got it sorted out thanks, now I'm just waiting for the account to be created...
@@aikidoshi007 good luck and all the best 👍
@@aikidoshi007 I found the process very quick, my account was verified in minutes
I've put in my webull application and waiting for to be cleared and opened 😊
Nice one Robert! Hope you get some good stocks 👊
Thankyou Bryan my webull Account is open and stocks are in transit 👊
@@robertking6488 Nice. Let me know how you go. The app can be a bit intimidating for beginners at first!
Webull is far cheaper when buying large amounts because of their low FX fees, regardless of brokerage fees
That’s true 👍
Hey Simon/Bryan, can I ask whether you're using Webull for large US stock purchase(s), and if so, how have you found Webull? The reason I ask is because I have a Self Managed Supa Fund (SMSF) here in Oz, and was keen to invest in US stocks (ie. Telsla & Google), and I'm looking for a broker that won't rip me off with hidden fees when buying approx. $50k -$100k in shares which I plan on holding for 5-10yr investment. Any feedback is appreciated.
@@carlgreenhalgh5988 Brokers operate in a highly regulated industry, so are "trustworthy". I did open an account with Webull, but did not use as they doubled the foreign exchange fees to 50 bps. I use tiger brokers as the foreign exchange fee (AUD to USD) is 37 bps. I would not advise buying a single stock, consider an index like QLD if you want enhanced US Tech exposure without single stock risk. Simon.
can international students trade option of us market??
Yes, I believe you can as long as you are an Australian resident for tax purposes, have an Aussie address, and mobile number.
Good 👍
🙌
**
Right
It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on
@@user-ck5cb4rq6h
I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since.
@Francis Michael Forde My Financial Advisor is *"Jordan Marsh Bradford"* I found her on a CNBC interview where he was featured and reached out to her afterwards. he has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her market moves and haven’t regretted doing so.
@@user-sw2xf4nu9o
Thanks, I merely looked her up on Google and was by her credentials; I got in touch with her because I need all the help I can get. I just set up a WhatsApp message
Can I register with only $500 AUD.
Absolutely.
@@BryanInvest ok, I’ll look into investing. I think I’m a bit late for your promo link.
If I open this Webull investment account. Then decide to buy a house. Will this help me follow your other video and turning bad debit into good debit..?
@@nobodyreally0162 Yes, but don't buy a house just to debt recycle. Make sure you're actually buying it for the right reasons.
@@BryanInvest no I won’t buy anything right now. First I need to buy a home to live in. Just about to divorce I’m march and I need a home. First home buyer is still available to me. And I have No debits. No credit card. No student loans. Nothing. I’m a clean slate.
I need a home that can include 3 children. 3 rooms plus mine. I’m trying to sign up to Webull but it won’t recognise my licence.
I want to pay off my home fast. Buy investment properties and leave something for my children.
I’m 50 now so I don’t have time on my side.
Any advice???
how do i use it legit says us stuff and my address do i lie?
No, you should you your Australian address. This is the Aussie version.
where because no Australian one i got no idea@@BryanInvest
im using my computer is that why @@BryanInvest
I think safewealth is better
Can you make on video on safewealth?
You mean SelfWeath? I already compared WeBull to SeflWealth in this video and currently WeBull has cheaper fees.