Webull is a popular and easy-to-use app that you have probably heard about on YouTube, for example, and now you want to know more and better how it works and if it is available in United Arab Emirates (UAE).
The first thing you need to know is that it is a modern and easy-to-use application to invest in the United States, and it has introduced, along with its biggest competitors (Robinhood, TD Ameritrade and E*Etrade) the concept of commission-free trading on financial products like stocks and ETFs.
If you want to know if Webull is available in the United Arab Emirates, its expansion plans and available alternatives, stay on this page and keep reading!
Is it possible to invest in Webull from the United Arab Emirates (UAE)?
Unfortunately, the answer to the question is no. Currently, Webull can only be used in the United States, Hong Kong, China, Singapore, Japan and Australia.
Even so, some UAE YouTubers promote Webull to reach Arab viewers in the above mentioned countries.
At the moment, Webull has not reported any type of expansion that includes the United Arab Emirates. But don’t worry, the market is interesting, it is regulated and it has other similar and equally viable options that we propose below.
Alternatives to Webull in the United Arab Emirates (UAE)
We are going to give you some alternatives to Webull in the UAE. Please, note that these options are based on our knowledge and experience in this field and we believe that they are the best options available in the UAE market. To conclude that they are good options, we used the following criteria: the regulators that oversee the platforms, customer feedback, the ease of use of the platform, accessibility for UAE investors and, of course, something fundamental: costs.
- eToro: Commission-free stock and ETF trading. You can also copy other traders/investors.
- Interactive Brokers: Founded in 1978, IBKR is one of the most trusted brokers in the world. It offers a huge range of financial products (stocks, ETFs, options, etc.) and low currency conversion rates. Interactive Brokers also launched IBKR GlobalTrader, a modern mobile app for trading stocks, options and ETFs, ideal for beginning investors.
- Freedom24: A broker well-known for its exclusive feature of IPO subscriptions for individual investors (previously accessible only for institutional investors). It also offers stocks, ETFs, bonds, futures, and options on major American, Asian and European exchanges.
- Plus500: Is one of the leading CFD brokers. It offers no commissions when trading CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options and ETFs. It also recently launched Plus500 Invest for those who want to invest in real shares.
- XTB: One of the world’s largest stock exchange-listed brokers, XTB provides traders access to hundreds of markets through forex, indices, commodities, CFDs, and cryptocurrencies. It also features low spreads and commission-free trades.
Conclusion
Unfortunately, we confirm that Webull is not available in the UAE. However, there are other viable and good alternatives that can be considered by UAE investors. Those discussed and analyzed are: eToro, Interactive Brokers, Plus500, Freedom24 and XTB.
Each of these platforms has different features and services that may be attractive to different investor profiles.
Sergio is passionate about finance. He has worked as an auditor and consultant in large international accounting firms. Now, he is an investment senior analyst and invests in companies on his own as a retail investor.
