- Webull Australia removes brokerage fees from its range of 300+ local and 3,000+ US ETFs
- Webull's 24-hour trading gives traders access to US ETFs during Australian market hours
- Offers mobile-first ETF research and screeners to navigate market
SYDNEY, July 22, 2024 -- Webull Securities (Australia) Pty Ltd ('Webull Australia'), a subsidiary of Webull Corporation, the owner of the popular trading platform, today announces the removal of all brokerage fees on ASX and US ETF trades for Australian investors. Unlike introductory offers, Webull's decision to waive fees for ongoing ETF transactions has no conditions and will be built into its local offering alongside Australian, US and Hong Kong single stocks, which are free to trade for the first 30 days and can then be traded at the greater of A$4.90 or 0.03%.
ETF growth on the rise
This initiative comes at a time when the ETF market in Australia is undergoing rapid expansion, surpassing $200 billion in assets under management, growing by $20 billion year to date in 2024. While approximately half of the 2024 inflows to date have been directed to ASX-listed international equity ETFs, Webull Australia's offering of US ETFs is exciting local traders.
"The rapid expansion of the ASX-listed ETF market is encouraging; furthermore, the diversity of US-listed ETFs has local investors equally excited," notes Rob Talevski, CEO of Webull Securities Australia. "Beyond US index ETFs, traders can now access long and short US sector ETFs as well as long and short single-stock ETFs, offering the ability to leverage their exposure to stocks like Tesla, Nike, and Pfizer, using both long/bullish trades, or short/bearish trades.
Changing investor behaviours
While traditional stockbroking clients continue to take advantage of Webull's platform to manage their portfolios, many younger investors see ETFs as a way to more easily express and manage their thematic views, without having to stay on top of a large portfolio of individual companies.
"Not every trader or investor is built the same. Webull not only offers the best experience for those who want to learn, research and manage their global market exposure, but we also want traders to be able to mix their exposure to global themes—like ESG, AI, technology and precious metals—using ETFs, while using that base of ETF holdings as collateral to trade local and international individual stocks. Emerging investors, seeking the best neo-broking experience, love this concept, and we can offer them the best technology with no platform fees," adds Talevski.
Access US markets, within Australian trading hours
Following Webull's recent announcement of 24-hour trading, Australian traders can now access 197 of the most popular US stocks and ETFs between 10am and 5:58pm, which is set to be expanded to 900 US securities later this year. US ETF trades completed during Australia's daytime trading hours will also be fee-free, which breaks down the barriers that previously made trading US stocks and ETFs accessible only to those who were willing to watch US markets between 11:30pm and 6am, AEST.
To find out more, visit https://www.webull.com.au/etfs
ENDS
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