What types of accounts may I open with Webull Canada?

Webull currently offers a Cash account (Options Available), Margin account (Options Available), RRSP (Options Available), and TFSA (Options Available).

Cash accounts are accounts in which you invest with only the money you deposited into the account. Meaning, if you deposit $100 into your cash account, your buying power will be $100.

Margin accounts are accounts in which you invest with the money you deposit into your account as well as a line of credit offered by Webull, known as leverage. This account gives you the opportunity to invest more capital than you may have access to, however you run the risk of owing money if your investments aren't profitable.

To unlock leverage, you need to have an equivalent of CAD $2,000 in your Margin account.