Webull Australia Eliminates Fees on ASX and US ETFs

At a time when Australia's ETF industry is rapidly expanding, with assets under management exceeding $200 billion and expected to rise by $20 billion year on year by 2024, Webull Australia has made a big step by removing fees on ASX and US ETFs. This strategic initiative is intended to attract more Australian investors by making ETF trading more accessible and cost-effective.

All trading costs for ASX and US ETF transactions are waived without limitations, seamlessly integrating into Webull's local offering. Australian investors may also trade single equities from Australia, the United States, and Hong Kong for free within the first 30 days. After this time, transactions will be subject to a minimum cost of more than A$4.90, or 0.03% of the trade value.

This move is not a promotional offer but a permanent shift that positions Webull as the newest CHESS-sponsored broker to provide zero-commission trading on ASX and US ETFs. This change is anticipated to be warmly received by investors, especially younger ones, who perceive ETFs as an efficient method to handle theme ideas without overseeing a large portfolio of individual securities.

Webull's CEO, Rob Talevski, noted the rising popularity of ETFs. He said almost half of the 2024 inflows were directed to ASX-listed overseas equities ETFs. He said, “The rapid expansion of the ASX-listed ETF market is encouraging; additionally, the diversity of US-listed ETFs has local investors equally excited.” Aside from US index ETFs, traders may now access long and short US sector ETFs and long and short single-stock ETFs, giving them leverage over equities such as Tesla, Nike, and Pfizer.

Talevski emphasized Webull's dedication to meeting a wide range of investor demands. “Not every trader or investor is made the same. Webull not only provides the best experience for those looking to learn, research, and manage their global market exposure, but we also encourage traders to use ETFs to diversify their exposure to global themes such as ESG, AI, technology, and precious metals, while using that base of ETF holdings as collateral to trade local and international individual stocks.”

Webull Australia just introduced 24-hour trading, enabling Australian investors to trade 197 of the most popular US stocks and ETFs between 10 a.m. and 5:58 p.m. This list will likely grow to include 900 US equities later this year. This innovation implies that US ETF transactions during Australia's daytime trading hours will be fee-free, easing hurdles for people who previously had to watch US markets late at night.

Webull Securities (Australia) Pty. Ltd., with an Australian Financial Services Licence (AFSL 536980), is governed by the Australian Securities and Investments Commission. The company trades on the Australian Securities Exchange (ASX) and Cboe Australia and is a main member of the Stockbrokers and Investment Advisers Association. All client money is stored in trust accounts at recognized Authorized Deposit-taking Institutions (ADI), and all Australian shares are CHESS-backed.

Webull Australia launched Moneybull in late 2023, a cash management solution with a 5.4% return on uninvested capital. Moneybull has no sign-up or administration fees; the minimum deposit is just US$1.00. It seeks to give competitive returns on US dollar deposits via a USD money market trust fund, outperforming many conventional cash products.

Moneybull also offers an auto-sweep option, which increases customers' buying power on the Webull platform. This capability enables the smooth settlement of deals utilizing money market funds, avoiding the need for manual transfers. Users may optimize profits and promote asset development by automatically investing idle cash in a money market fund.

Webull Australia's revolutionary services are poised to change the trading experience for Australian investors by making ETF trading more accessible and efficient while delivering comprehensive cash management solutions.