The new offering makes SMSF investing easier by providing a platform with no monthly fees while delivering advanced features like live streaming ASX prices, live support, free trade ideas, and Webull’s Learning Centre alongside a range of screening and charting tools.
Webull said the platform will allow Australian investors to manage their SMSFs and other key investments in one place. It takes $0 commission trading on ASX and US ETFs, offers full portfolio control, and comprehensive investment tools.
Rob Talevski, CEO of Webull Securities Australia, said lower brokerage fees, commission-free trading on more than 3,500 ETFs and zero monthly platform costs reduce the overall running expenses of an SMSF, which in turn, can help investors improve the SMSF’s annual performance.
“While lower fees are attractive to SMSF investors, the usual payoff is a no-frills trading platform, but SMSF investors need more tools and more control, not less,” Talevski said.
“For this reason, we’ve built a full-service suite that allows for institutional-grade cash management, professional trading tools and live support, alongside features that are associated with platforms that charge high monthly fees.
He said the platform offers the “ultimate” trading and investing portal to house and manage SMSF investors’ cash, equity, ETF, warrants and options holdings, allowing investors to log in and get full control over their investments.
Talevski added that listed shares and cash are the two biggest asset classes for SMSFs in Australia, which has resulted in greater demand for services that support these investments.
“Younger investors, in particular, are driving this trend, as they seek platforms that minimise fees and maximise control,” he said.
“By providing a flexible, low-cost, and transparent platform, Webull is ensuring that Australians can plan for their retirement on their own terms, without unnecessary costs eroding their long-term SMSF performance.”
