Webull is one of the world's most famous trading apps, with millions of users. It has become a massive success due to two main reasons:
- Its low-cost structure (Webull offers commission-free trading);
- A referral program that incentivises users and influencers to share the platform.
If you follow famous financial Youtubers such as Graham Stephan or Meet Kevin, you've heard of Webull many times before.
Is Webull available in Nigeria?
Unfortunately, Webull is currently not available in Nigeria. The company is only available in the United States and Hong Kong and hasn't shared any plans to expand to other regions.
While Nigeria is a vast market, it is highly regulated, and Webull already has some competitors operating in Nigeria under a similar business model (which we cover below).
Can Nigerians use a VNP to use Webull from Nigeria?
No, Nigerian investors cannot use a VPN to use Webull from Nigeria. Upon account opening, Webull requires specific documentation as proof that you are a U.S. citizen.
Webull Alternatives in Nigeria
- Interactive Brokers: One of the world's most reputable brokers. Recently launched IBKR Global Trader, a user-friendly mobile app that targets beginner investors.
- Capital.com: One of the leading European CFD brokers. Accounts created under the FCA and CyCEC can also trade real stocks commission-free.
If you want to open a Webull account, you're in bad luck: it doesn't work in Nigeria. However, we believe that any of the brokers mentioned above will be good choices. Whether you value security and reputation or want a commission-free trading platform, the alternatives presented should be a good starting point. Explore their websites and decide for yourself!
Hope you found our breakdown helpful, and please let us know if you have any questions or feedback - we're happy to help!
A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their research and diligence about the services and opportunities best suited for their risk, returns, and impact strategy.