Guide to Using Webull Singapore for SGX Stocks: Fees and Features

Webull Singapore added full trading for Singapore Exchange (SGX) equities in mid-2025, giving local investors access to 600+ listed securities without custody fees. As of February 2026, the platform charges a competitive 0.03% commission on trade value with a minimum of S$1.50 per order, plus regulatory pass-through costs. This makes it one of the lower-cost options for retail traders who want direct market access from a single app.

Commission Breakdown for SGX Stocks

The base commission is 0.03%, subject to a S$1.50 minimum and a S$50 maximum per order. On top of that, you’ll pay the SGX trading fee of 0.0075% and a clearing fee of 0.0325%. All charges attract 9% GST. There are no platform fees or inactivity charges for SGX trades.

A S$10,000 trade costs S$3.00 commission (0.03%) + S$0.75 SGX fee + S$3.25 clearing fee = S$7.00, then S$0.63 GST brings the total to S$7.63. For trades under S$5,000 the S$1.50 minimum kicks in, which makes the effective rate higher for very small orders.

Margin Rates and Financing

Webull Singapore offers margin trading for eligible SGX counters. The starting financing rate in February 2026 is 5.88% per annum for debit balances up to S$50,000. Balances above S$100,000 drop to 5.38%. Interest is calculated daily and posted monthly.

A S$20,000 overnight margin balance would accrue roughly S$3.22 per day (S$20,000 × 5.88% / 365). Maintenance margin requirements vary by stock; blue chips typically require 30% equity, while smaller names demand 40% or more. A margin call is triggered when equity falls below the maintenance level, and Webull may liquidate positions without prior notice.

Platform Features for SGX Traders

Active traders get real-time Level 2 SGX market data at no extra cost. The desktop and mobile apps include 70+ technical indicators, 38 drawing tools, and a custom stock screener. You can set price alerts, monitor your portfolio’s P&L in SGD, and access after-hours trading for select counters during the 5:05–5:15 p.m. session.

Order types cover the essentials: limit, market, stop limit, and trailing stop. No algorithmic or conditional orders beyond stop limits are available for SGX securities as of Q1 2026. The app also supports a multi-market watchlist so you can track HK, US, and SGX stocks side by side.

Account Funding and Currency Handling

Only SGD-denominated cash accounts or margin accounts can trade SGX stocks. Fund instantly via PayNow (up to S$30,000 daily) or FAST transfer with no deposit fees. Withdrawals are free for amounts above S$50; a S$2.50 handling fee applies below that threshold. USD and HKD balances cannot be used for SGX settlement, so you’ll need to convert to SGD first at Webull’s spot rate, which typically carries a 0.3% spread.

Tax Considerations for Singapore Traders

Singapore does not impose capital gains tax on stock profits. Singapore-sourced dividends are tax-free for individuals. Foreign companies listed on SGX (e.g., Hongkong Land, Dairy Farm) may withhold taxes at the source jurisdiction’s rate—for example, Hong Kong dividends are generally tax-free, while Malaysia-listed companies on SGX may have a 0% withholding under treaty rules. Always check the company’s domicile. All gains and dividend records appear on the app’s annual statement for tax filing, though most local traders have nothing to declare.

Comparing Webull to Other Brokers for SGX

Below is a snapshot of base commission rates for online SGX trades as of February 2026:

Broker	Commission Rate	Minimum	Platform Fee
Webull Singapore	0.03%	S$1.50	None
moomoo SG	0.03%	S$1.50	None
Tiger Brokers SG	0.08%	S$1.50	None
DBS Vickers Cash Upfront	0.12%	S$10	None

Webull and moomoo are neck-and-neck on cost, while Tiger charges a higher headline rate. The real differentiator is margin pricing: Webull’s 5.88% is slightly lower than moomoo’s 6.0% for the first S$50,000, but both are lower than traditional banks that quote 6.5% and above.

FAQ

What is the minimum commission for an SGX trade on Webull?
The minimum commission is S$1.50, which applies to all trades below S$5,000. With SGX and clearing fees plus 9% GST, the total minimum cost per trade is around S$2.11.

Can I short-sell SGX stocks on Webull?
Short selling is not supported for SGX stocks as of March 2026. Only long positions and covered calls (for selected US stocks) are allowed.

Does Webull offer SGX IPO subscriptions?
No, IPO subscription services for SGX-listed companies are not available on Webull Singapore. You can only trade shares once they begin secondary market trading.

Are there any account maintenance or inactivity fees?
No. Webull does not charge custody fees, annual fees, or inactivity penalties for SGX trading accounts.

This article does not constitute financial advice.