Online investment trading platform Webull Securities has launched an SMSF service in Australia with special features including no monthly account fees and no brokerage on trading for Australian and United States exchange-traded funds (ETF).
The new facility will feature live streaming of Australian Securities Exchange (ASX) prices, live support, stock screening and charting tools, and full portfolio control, as well as access to Webull’s Learning Centre.
The investment firm stated it wanted to improve market accessibility for SMSFs, particularly for younger investors seeking low-cost options, while providing more control over superannuation and retirement savings without high costs eroding performance.
“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,” Webull said.
“Lower brokerage fees, commission-free trading on over 3500 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.”
Webull Securities Australia chief executive Rob Talevski added: “While lower fees are attractive to SMSF investors, the usual pay-off is a no-frills trading platform, but SMSF investors need more tools and more control, not less.
“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.
“We believe that Webull 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.”
Webull Securities is a trading participant of the ASX and Cboe Australia, and a principal member of the Stockbrokers and Investment Advisers Association, and the new trading service is open to SMSFs registered with the ATO.
