Is it possible that webull is in Canada? No, Webull is not in Canada yet. The closest alternative Canadians have is Questrade.

Is it possible for me to use bull in Canada? Is that correct, you still can download the WeBull app. You cannot set up your account and deposit money. You can do nothing except to open an account, track the stock markets, use their research tools, and do paper trading.

Is It True That Webull is Coming to Canada? Webull has not announced his imminent arrival to Canada at the moment. 


The best bull alternatives for Canadians to invest.

Unfortunately, Canada does not have a platform similar to Webull.

That is, regardless of whether you are searching for crypto, stocks, options, or anything else, Canada does have some alternatives that you should consider. Let us look at it.

1) I prefer Questrade.

Questrade is the most similar platform to Webull in Canada. The company offers currencies such as CAD, USD, ETFS, and a great deal of charts and data, advanced settings, and many account types. When you invest in any ETFs, they will give you free trades. You will have to pay $4.95 to $9.95 for most of the items in the store, and there will be a fee when you sell ETFs. Questrade is not free by contract, it is inexpensive by Canadian standards and the best platform for trading US stocks.

Pros:

  • CAD and USD accounts
  • Desktop and mobile app
  • Advanced data streams
  • Registered and non-registered accounts available

Cons:

  • $1000 minimum account balance
  • Stocks: $4.95 min – $9.95 max per trade.
  • ETFs: Free to buy but $4.95-$9.95 to sell
  • Options: $9.95 per trade $1 per contract
  • Low reviews for the mobile app

Opening a Questrade account.

I will be reviewing this shortly.

2) Wealth is a simple business.

Wealth is a simple business. is most similar to Webull in terms of fees. That’s because they allow traders to trade their stock without incurring any commission and do not require a minimum of $0 for trading. Start investing with a minimum of one dollar. You can invest in Canadian, US and ETFs, in that manner. I do not think that Bull has as many features. However, they have chosen to target young investors and beginners through the use of their mobile app. 

Pros:

  • Zero-commissions
  • $0 account minimum. Start investing with as little as you want
  • Very fast and user-friendly app
  • Trade CAD and USD stocks and ETFs
  • WS is trying to innovate and you see them releasing new products and features pretty often
  • Launched other products like WS Tax, WS CashWS Crypto, WS Invest (robo-advisor)

Cons:

  • Slow funding options, up to 3 business days for deposits
  • Minimal research tools and advanced features compared to Webull 
  • You can’t hold, deposit or withdraw USD in your account. Must pay a 1.5% conversion fee every time you buy and sell USD stocks or ETF
  • Doesn’t have every stock and ETF
  • No fractional shares, options, or margin trading
  • High spreads on WS Crypto

You can sign up for Wealthsimple Trade. You receive $25 free if you trade $100.

Read one of their reviews.

3) The brokers are very interactive.

The brokers are very interactive. is the best Webull alternative for intermediate and professional investors. Their fees are very low and they have extensive tools. You can trade in 135 markets. In the industry, the platforms charge low fees. The platform sets a very high bar. You will have access to technical charts, margins, options and nearly every other feature that you can think of. The downside is that this service costs $10 per month for accounts that are less than $100k.

Pros:

  • Fractional shares
  • $0 account minimum
  • Min $1 per order max 0.5% of trade value
  • Invest globally in 135 markets
  • Stocks, options, bonds, futures, currencies, margin trading and more
  • Rated #1 online broker for professionals in 2020

Cons:

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

Open an interactive broker account.

4) I recommend Wealthsimple Investments (roboadvisor).

If you’re looking specifically for a robo-advisor, then Wealthsimple Invest is one of Canada’s top options. It is a separate product from Wealthhsimple Trade. It is available on both mobile and desktop apps. It is made for people who want a hands-off investing approach.

Pros:

  • $0 account minimum
  • Automatic rebalancing, automatic deposits
  • Has fractional shares so every dollar amount is invested
  • Sleek and user friendly app

Cons:

  • Fees are reasonable: 0.50%-0.70% but it can be cheaper if you purchase ETFs yourself
  • Only 3 portfolio options (conservative, balanced, and growth) although some may prefer the simplicity
  • Limited customization of your investments 

Open a Wealthsimple investment account.

5) Newton, for purchasing Bitcoin and other cryptocurrency.

If you wanted Webull so you can buy crypto, then Newton is the best crypto exchange for Canadians. Their website and app are very beginner friendly and they have the lowest fees for buying crypto that I have found in Canada, 0.69% plus the spread. The best part is that they can receive almost immediate funds via etransfer. Newton is my favorite way to purchase bitcoins. The downside is that they are only interested in crypto and do not offer stocks and ETFs.

Pros:

  • Lowest fee crypto exchange for Canadians
  • 5-30 minute deposits via e-transfer
  • 25+ cryptocurrencies you can trade
  • Free deposits and crypto withdrawals
  • Fast account setup and instant verification

Cons:

  • No stocks and ETFs 
  • Support can be slow due to very high demand in the crypto industry right now

If you open an account with Newton, you will get $50 free for trading $100.

Read one of their reviews.

That is the bottom line.

So, is Webull really living in Canada? So, you are allowed to download the app, but you cannot actually create an account. The best alternative Canadians have is Questrade. Bull would make a wonderful visit to Canada. In the meantime, we need to make the best of what we have.

I personally use Wealth is a simple business. because it’s simple, and the app is very satisfying to use. They charge a one (5)% exchange rate fee every time you purchase or sell USD stocks. To offset that, I also use Questrade for larger USD positions.

Lastly, for all my crypto needs, Newton is my go-to and probably the best option for Canadians right now. Xero has the lowest fees for hosting, but they still provide a quality platform.


Consider these 5 tips on how to choose a broker.

You are choosing a broker to work with because you will use the broker for many years. 

Therefore, it is important that you find something that you enjoy and has features that are important to you.

1) Decide which features are most important to you.

Each investor is different. So first, write down what features are important to you. Here are some other very useful things you should consider.

  • What number of trades are you planning to make per month?
  • What are you trading for? (Stocks, ETFs, options, etc)
  • What currencies/markets will you be using?
  • What kind of bank account do you need? TFSA, RRSSP, etc.

There are some things you should consider, such as features.

  • Fees – trading fees, currency exchange, etc
  • Platform – Desktop, mobile app, user friendliness
  • Customer Service – fast, telephone, email, chat

2) Examine your options.

Take your time and decide what you want to do, and compare all the options. You will not know if you will like a broker until you try it.

If you are hesitant and want to avoid making a mistake, never deposit everything to the first broker that you try. Start small and try it out. It is also acceptable for multiple brokers to be employed. I used to use two of them and it was an excellent way to test them out.