Opening a Webull brokerage account in Europe: Germany, UK, France, Holland, Switzerland, Spain, Italy, Poland, Belgium, and Austria.

Is Webull Available in Europe?

Webull does not require U.S. citizenship to open a brokerage account. It does, however, have three other requirements:

1) Have a residential address in the US or US territories (a PO Box can be used for a mailing address, although a brokerage account must have at least one physical address attached to it)

2) Have a Social Security Number or Individual Taxpayer Identification Number (ITIN)

3) Hold US permanent residency, US citizenship, or a valid US visa

This means that a lot of Europeans, although certainly not all, cannot open a Webull account. Those Europeans who do qualify should open an investment account the same way that Americans open one: through the broker’s website or mobile app using the particulars described above, and not with European addresses, tax numbers, etc.

A valid smartphone number is necessary to open an account with Webull as the brokerage firm not only relies heavily on its mobile app but also sends important text messages to account applicants.

Form W-8 BEN may need to be submitted to Webull. This IRS form establishes tax residency. Webull will keep it on file for three years, at which time a new one will need to be submitted.

Visit Webull Website

Open WeBull Account

Best European Broker

For an European broker, we recommend a company called DEGIRO. This is one of the largest brokerage firms in Europe. In addition to low fees, investors get access to more than 50 exchanges across 30 countries, including United States. Learn more in DEGIRO Review.

Open DEGIRO Account

Open DEGIRO Account

Managing a Webull Account from Overseas

Once a Webull brokerage account is opened, it can easily be managed online. The brokerage firm offers electronic delivery of statements and other account documents. Its website can be used for other tasks, such as transferring cash. This can be accomplished in one of two ways: ACH transfer (with a U.S.-based bank) or wire transfer. The latter option costs $12.50 for an international transfer. Webull also participates in the ACATS network, which can move securities into or out of a Webull account.

Webull’s mobile app can be used to open a new account, change a password, update an email address, and send a secure message to customer service. The brokerage firm also has a customer service email address ( During our testing of it, we have received responses within 24 hours.

Webull has a very robust desktop platform that offers a lot of trading tools, although account management isn’t one of its strengths.

Besides taxable securities accounts, Webull also offers crypto accounts and IRAs. These accounts have the same opening requirements mentioned above for individual securities accounts.

Alternative to Webull in Europe

Europeans who don’t meet Webull’s requirements to apply for an account might be able to open one with Firstrade. We do emphasize might here. Firstrade only opens accounts for residents of the United Kingdom and 14 other European countries. They are as follows:

  • Austria
  • Belgium
  • Czech Republic
  • Denmark
  • Finland
  • France
  • Germany
  • Ireland
  • Italy
  • Norway
  • Poland
  • Portugal
  • Spain
  • Sweden

Firstrade does not require U.S. residency or a U.S. tax number, which obviously is a major advantage over Webull for Europeans. Moreover, Firstrade has some of the same strengths that Webull has, such as zero-commission stock trading and zero-fee options trading.

Firstrade Europe

Although Firstrade doesn’t have cryptocurrencies, it does have mutual funds, all of which are no-transaction-fee funds.

Europeans who want to open an investment account with Firstrade have a user-friendly online application. A phone number is required, although it doesn’t have to be a U.S. number. Firstrade will also require the submission of W-8 BEN, an IRS form that establishes tax residency. Many European countries have tax treaties with the U.S., so filling out this form is a really good idea.

Once an account is up and running, Firstrade offers multiple channels of communication on its website. First is an internal messaging system that is simple to use and offers overseas customers the benefit of 24/7 availability. It will be found on the Contact Us page, which is accessible through the Service menu at the top of the website.

A second method to contact Firstrade from an overseas location is with its phone number for international clients. It is 1-718-961-6600. Firstrade is only open during regular U.S. market hours.

In addition to communication tools, the Firstrade website has a document upload tool. This is yet another method to circumvent the postal system during the submission of required documents.

Funding a brokerage account at Firstrade is a straightforward process. The firm accepts international wires, ACH transfers (the external bank account must be a U.S. account), and check deposits (funds must be in U.S. dollars from a U.S. bank). Money orders are not accepted.

Check deposits should be sent to:

Firstrade Securities Inc.
30-50 Whitestone Expwy.
Ste. A301
Flushing, NY 11354

Transferring securities is also a possibility. Firstrade accepts ACAT, DTC, and DWAC transfers.

Visit Firstrade Website

Open Firstrade Account

WeBull in Europe Disclaimer

Availability of WeBull in Europe (Great Britain, Germany, France, Holland, Switzerland, Hungary, Spain, Italy, Poland, Belgium, and Austria) can change at any time without notice.

Updated on 4/2/2022.


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