This Webull Canada review covers what the brokerage charges and offers Canadians in 2026: $0 commission on U.S. and Canadian stocks and ETFs, a 1.5% currency markup, US options, and cash, margin, TFSA and RRSP accounts. It also compares Webull with Wealthsimple and Questrade using each provider’s own published pricing, so you can see where each one costs less.
YieldMaple checked Webull Canada’s pricing, help-centre and promotion pages on October 8, 2026. Account opening is on Webull Canada's website . This page is general education, not financial advice.
Webull Canada at a glance
| Feature | Webull Canada |
|---|---|
| Stock and ETF commission | $0 commission on U.S. and Canadian stocks and ETFs (better on this row) |
| Currency conversion | Exchange rate + 1.5% |
| USD and CAD balances | a USD account and a CAD account built into every account, free of charge |
| US options | $0 option contract fees for the first 3 months, then US$0.99 per contract |
| Account types | cash, margin, TFSA and RRSP accounts |
| Administrative fee | $0.70 a month per account |
| Regulation | regulated by CIRO and a member of CIPF |
| CIPF limit | $1 million for all general accounts combined (such as cash accounts, margin accounts, TFSAs and FHSAs) |
| Nasdaq Level 2 data | 1 month of free Nasdaq Level 2 data on registration and 3 more months with a first deposit of at least $500 |
| Charting | 60+ indicators and 20+ drawing tools |
| Paper trading | unlimited virtual cash |
| Platforms | iOS, Android, Windows and Mac |
Sources: Webull Canada's pricing page, help centre and homepage; CIPF's coverage FAQ. Checked October 8, 2026.
What does Webull Canada charge?
Webull Canada charges $0 commission on Canadian and US stocks and ETFs, and its pricing page adds that regulatory fees and exchange fees may apply. The account has no account minimums, and EFT deposits and withdrawals are free.
The costs that do apply sit outside the commission:
- Currency conversion. Converting between Canadian and US dollars costs the exchange rate plus 1.5%, with a minimum exchange of US$10. Conversions started on a weekend, or during a banking-partner outage, carry an additional buffer of 30 to 60 basis points.
- Options. Pricing is $0 option contract fees for the first 3 months, then US$0.99 per contract, plus US$1 per line item for an exercise or assignment notice. The footnote on Webull’s pricing page describes the introductory period as a refund of the options contract fee for clients who newly activate options trading, so the fee is charged first and returned.
- Administrative fee. Webull’s help-centre fee breakdown lists an administrative/maintenance fee of $0.70 a month per account. That works out to $8.40 a year for each account. Check the fee schedule in the app for how the charge applies to your account.
- Leaving. A full transfer out costs $150 plus tax and a partial one $50 plus tax. Registered-account deregistration costs $25 for a partial deregistration and $50 for a full one.
- Margin interest. Canadian-dollar borrowing costs CAD prime + 3% on a debit balance under $100,000 and CAD prime + 2% on a debit balance of $100,000 or more, per the same fee breakdown.
What the currency fee means in dollars
| Example conversion | Cost at 1.5% |
|---|---|
| $1,000 | $15 |
| $5,000 | $75 |
| $25,000 | $375 |
Converting to US dollars and back later pays the markup twice. Because each Webull account has a USD account and a CAD account built into every account, free of charge, proceeds from a US sale can stay in US dollars for the next US purchase instead of converting each time. Webull states that cash balances are managed solely by the client — Webull Canada won't convert currency automatically to cover a negative cash balance.
Which accounts does Webull Canada offer?
Webull Canada offers cash, margin, TFSA and RRSP accounts, and its help centre marks all four as available for options trading. The account list has no FHSA, RESP, RRIF or LIRA, so those accounts have to be held at another institution.
Across those accounts you can trade Canadian-listed and US-listed stocks, ETFs, US-listed options and 450 OTC securities. The TFSA and RRSP page lists over 10,000 stocks and over 4,800 ETFs. A margin account offers up to 2× leverage once it holds the equivalent of $2,000.
Uninvested cash earns 1.00% on Canadian-dollar balances and 1.00% on US-dollar balances, which Webull’s cash-management page applies to fully settled cash balances in Cash and Margin accounts. That wording names cash and margin accounts only, not the TFSA or RRSP.
The brokerage’s help centre lists fractional trading among the things it doesn’t support. The same help article still says crypto isn’t supported, which Webull’s crypto page now contradicts, so confirm the current position in the app if fractional shares matter to you. Crypto runs through a separate company, Webull Canada Crypto Limited, at a flat 1% fee on 10 coins: Bitcoin, Ethereum, Solana, XRP, Cardano, Litecoin, Bitcoin Cash, Shiba Inu, Dogecoin and Pepe. Its crypto page lists coin transfers in and out, coin swaps and staking as coming soon.
Trading tools, market data and hours
Webull’s pitch to active traders is its toolset, which its Canadian site describes in specific numbers:
- Charts: 60+ indicators and 20+ drawing tools, plus 14 customizable alert types.
- Orders: the homepage advertises 7 order types. The help centre says you can place market, limit, stop, stop-limit and trailing-stop orders from 9:30 a.m. to 4:00 p.m. ET, and limit orders only in extended hours.
- Market data: 1 month of free Nasdaq Level 2 data on registration and 3 more months with a first deposit of at least $500, with market depth showing the 50 best bids and asks. The pricing page describes the free periods only, so check the in-app price before relying on Level 2 data long term.
- Options quotes: 3 months of free real-time options quotes once options are activated, kept free by placing one options trade each month.
- Hours: extended hours for US stocks and ETFs run 4 a.m. to 8 p.m. ET, and an overnight session runs 8 p.m. to 4 a.m. ET, Sunday through Friday, on select stocks and ETFs.
- Paper trading: included automatically in the desktop and mobile platforms, with unlimited virtual cash, simulating U.S. and Canadian equities plus U.S. options. Webull notes that a short option is never assigned before expiration in paper trading, unlike live American-style options.
- Platforms: iOS, Android, Windows and Mac.
These are Webull’s own descriptions. YieldMaple hasn’t scored the charts against other brokers’ platforms, so treat the counts as a feature list and use the paper-trading mode to judge the interface. YieldMaple’s guide to stock trading apps in Canada sets several platforms side by side.
Is Webull Canada safe?
Webull Securities (Canada) Limited is regulated by CIRO and a member of CIPF, and it is listed as "Webull Securities (Canada) Limited" among CIPF's current member firms (CIPF’s directory, checked October 8, 2026). It operates as an order-execution-only brokerage, a category of dealer that executes your orders without giving recommendations. Its head office is at 302 Bay Street, Suite 401, Toronto.
CIPF membership is the protection that matters if a brokerage fails. Per CIPF’s coverage FAQ, the limit is $1 million for all general accounts combined (such as cash accounts, margin accounts, TFSAs and FHSAs), plus $1 million for all registered retirement accounts combined (such as RRSPs, RRIFs and LIFs). Webull’s help centre describes the coverage as applying to financial loss solely as a result of the insolvency of a member firm. It doesn’t protect against a fall in the price of what you hold.
Two limits are worth knowing. Crypto assets are not covered by CIPF, even though the crypto company is also a CIRO-regulated CIPF member. And the wider Webull group describes itself as a Nasdaq-listed fintech broker with 26 million users (its own figure, as of March 2026); the size of the parent isn’t the same thing as Canadian investor protection, which comes from the CIPF membership of the Canadian firm.
Webull Canada vs Wealthsimple: what’s the difference?
Webull Canada and Wealthsimple both charge $0 commission on stocks and ETFs and both convert currency at 1.5%, so the difference is in options pricing, account types and US-dollar handling.
| Webull Canada | Wealthsimple | |
|---|---|---|
| Stock and ETF commission | $0 | $0 |
| Currency conversion | 1.5% | 1.5% |
| Holding US dollars | a USD account and a CAD account built into every account, free of charge | USD account: $10 a month for Core clients; free for Premium and Generation |
| Options contract fee | US$0.99 per contract after the introductory period | US$0 per contract |
| Account types | cash, margin, TFSA and RRSP accounts | TFSA, RRSP, FHSA, RESP, LIRA, RRIF, non-registered (cash and margin), and corporate accounts |
| Fractional shares | Not supported, per Webull’s help centre | yes — thousands of Canadian and US stocks and ETFs |
| Crypto | a flat 1% fee | a flat 0.5% trading fee plus a price spread on market orders (the rate without Active Trader status) |
Where Webull comes out ahead: a US-dollar side in every account at no monthly charge, and paper trading with unlimited virtual cash.
Where Wealthsimple comes out ahead: a wider account list that includes the FHSA and RESP, options at US$0 per contract, fractional shares, a longer crypto list (170+ coins), and recurring ETF purchases on a weekly, bi-weekly or monthly schedule. Webull’s fee breakdown also lists the $0.70 a month per account administrative fee.
The complete Wealthsimple guide covers its plans and accounts, and the Wealthsimple USD account guide explains how its currency tiers work. For another active-trader app, see the Wealthsimple vs Moomoo comparison.
Webull Canada vs Questrade: how do they compare?
Webull Canada and Questrade both charge $0 commission on stocks and ETFs and both let you hold US dollars, so the gap is in account types and options pricing. Questrade’s published pricing is $0 to buy and sell Canadian and U.S.-listed stocks and ETFs, with a 1.5% currency conversion fee, the same rate Webull charges.
| Webull Canada | Questrade | |
|---|---|---|
| Stock and ETF commission | $0 | $0 |
| Currency conversion | 1.5% | 1.5% |
| Holding US dollars | a USD account and a CAD account built into every account, free of charge | free — every account can hold both Canadian and US dollars |
| US equity options | US$0.99 per contract after the introductory period | $0 commissions on US equity options contracts |
| Options exercise | US$1 per line item | $24.95 to exercise an option (assignment is free) |
| Registered accounts | TFSA and RRSP | free for a TFSA, RRSP, FHSA, RESP or RRIF |
Questrade covers more registered account types and lists no commission on US equity options, while Webull’s published exercise fee is the lower of the two. Webull’s notice fee also applies to an assignment, which Questrade lists as free. The Questrade fees breakdown lists the rest of its charges.
What is the Webull Canada sign-up bonus?
The welcome offer on Webull Canada’s promotion page on October 8, 2026 is up to $250 in cashback: $50 with an initial deposit of $500 or more, and an additional $200 with a deposit of $20,000 or more.
- The first reward can be claimed within 14 business days after the initial qualifying deposit.
- The larger deposit must stay for 90 days, and withdrawals, including profits or dividends, count against the qualifying amount. The second reward becomes claimable 14 business days after the 90-day maintenance period.
- Transfers: Webull offers up to two reimbursements, one for a cash or margin account and one for a registered account, to a total of $300, on transfers of $2,000 or more. A transfer takes at least 10 business days, and Webull doesn’t accept fixed income, options, fractional shares, GICs and mutual funds.
- Referrals: existing clients earn $100 per referral for up to 10 people who each deposit $500 or more.
Promotions change often, and the offer page is the only reliable record of the current terms, so read it before funding an account.
Who is Webull Canada a fit for?
Webull Canada fits a self-directed trader who wants $0 stock commissions together with detailed charts, stop and trailing-stop orders, extended and overnight sessions, and a paper-trading mode.
Webull Canada fits:
- Chart-driven traders who will use 60+ indicators and 20+ drawing tools and Level 2 depth.
- Investors who trade US stocks repeatedly and want to keep US dollars between trades at no monthly cost.
- Newer options traders who want to practise in paper trading first, and who accept US$0.99 per contract once the introductory period ends.
Another broker fits better when:
- An FHSA, RESP, RRIF or LIRA is needed, since Webull’s list stops at cash, margin, TFSA and RRSP accounts.
- The plan is small recurring purchases or fractional shares, which Wealthsimple supports.
- Options are the main activity and a per-contract fee matters; Wealthsimple lists US$0 per contract and Questrade lists $0 commissions on US equity options contracts.
- The account will hold a small balance for years, where $0.70 a month per account is a larger share of returns.
Bottom line
Webull Canada matches Wealthsimple and Questrade on stock and ETF commissions and on the 1.5% currency markup, and it adds a built-in US-dollar balance, detailed charting and paper trading. Its trade-offs are a short account list, a per-contract options fee after the introductory period, no fractional shares and the administrative fee in its fee breakdown.
Account opening is on Webull Canada's website .