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Webull vs ForexTB

Webull vs ForexTB Comparison Table 2024
Webull ForexTB
Review
4.4
Review
3.6

Webull is a multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.

Established in 2015, ForexTB (FXTB) is a multi-asset broker offering CFDs on over 300 instruments via its own web-based platform or the popular MetaTrader 4. FXTB offers a choice of four accounts with premium tiers enjoying tighter spreads and zero commissions, though substantial minimum investments climbing to €250k put these out of reach for most day traders.

Bonus Offer
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors." "ForexTB is geared towards active traders in Europe who can afford the significant minimum deposit to quality for competitive trading conditions. However, there are better brokers with ForexTB still failing to deliver in key areas, notably pricing, research, education and support."
Pros
  • The Smart Advisor tool facilitates a more hands-off approach to investing, with low minimum investments and automatic rebalancing
  • The $0 minimum deposit and availability of fractional shares make broker highly accessible for beginners and those on a budget
  • The flagship charting platform offers comprehensive analysis tools including 60+ indicators, plus deep fundamental data
  • Webull maintains its strong reputation, with regulation by in the US and UK and a clean track record
  • Webull is a low-cost broker, offering commission-free trading on many assets and zero inactivity fees
  • Alongside the investment account, the broker offers IRAs for those with long-term financial goals
  • The broker offers free stocks to newly registered investors
  • ForexTB is authorized by the CySEC in Europe, a trusted regulator, though it reached a €270k settlement in 2022 for possible violations.
  • The proprietary platform is simple by design but offers essential features with optimal charting tools, plus a limited version is accessible prior to registration.
  • Analytics from Trading Central is included, which offers additional technical tools, analytical reviews, fundamental news, and access to primary sources of information, helping to inform trading decisions.
  • FXTB is one of a select few brokers to offer a professional account that maintains negative balance protection, preventing losses beyond account balances.
  • An extensive range of payment methods are supported from PayPal to bank cards and wire transfers, with same-day deposits and zero transfer fees
Cons
  • There are relatively high deposit and withdrawal fees for non-US residents, including a $45 charge for international wire withdrawals
  • There’s a narrow range of payment methods available compared to competitors, with just ACH, ACATS and wire transfers available
  • There’s only one platform on offer, with no additional third-party tools
  • ForexTB offers wider spreads than many competitors, notably low-cost brokers like IC Markets, especially if you opt for the Basic account.
  • FXTB imposes a €20 inactivity fee after just one month, deterring casual traders, while only VIP account holders get unlimited free withdrawals.
  • The educational guides lack practical examples, charting analysis and interactive elements, making them of limited use for newcomers, especially compared to category leaders like IG.
  • ForexTB prices out many retail traders with three of its four accounts requiring minimum deposits of €25k+, making it a poor option for beginners.
  • Customer support can't be relied upon for urgent trading queries with just phone and email channels and wait times of several hours during testing, seriously lagging behind alternatives like XTB.
Awards
  • Best Crypto CFDs Trading Platform Global 2022 - World Business Outlook
  • Fastest Growing CFD Broker in Europe 2020 - Global Brands Magazine
Instruments
Forex, Stocks, ETFs, Cryptos, Options CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 $250
Trading Platforms
  • Desktop App
  • Web Terminal
  • WebTrader
  • MT4
  • TradingCentral
Payment Methods
Minimum Trade
0.00001 (Fractional Share) 0.01 Lots
Regulator
SEC, FINRA, FCA CySEC
Margin Trading
Yes Yes
Margin Rate
5.49% - 9.49%
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
App Review

FXTB provides a mobile version of its exclusive WebTrader platform, compatible with iOS and Android devices, featuring push notifications for real-time updates. This app facilitates trade execution, chart analysis, and asset price monitoring on-the-go. Alternatively, experienced traders may prefer the MT4 app, offering robust features like drawing tools, customizable graphs, and Expert Advisors (EAs).
Android App Rating
2.7
iOS App Rating
4
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $20
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • JPY
  • RUB
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered CFD trading is available across forex, commodities, indices, stocks, and cryptocurrencies, encompassing over 300 assets in total. Leverage levels vary by instrument, adhering to EU regulations with a maximum of 1:30. Spreads are variable across the platform, however there is no raw spread account that would cater to advanced day traders.
Leverage
1:4 1:30 (Retail), 1:400 (Professional)
FTSE Spread
425
GBPUSD Spread
1.8
Oil Spread
10
Stocks Spread
$0 Variable
Forex Trading
Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash. FXTB provides CFDs on 45 currency pairs, primarily consisting of crosses involving USD, EUR, GBP, or AUD. Basic account holders encounter very wide spreads, notably 3 pips on EUR/USD, while VIP members enjoy more competitive rates, with 1.6 pips offered on the same pair. The MT4 platform and app were built for forex trading.
GBPUSD Spread
0.4 From 2.0
EURUSD Spread
0.2 From 1.6
EURGBP Spread
0.4 From 1.8
Assets
15+ 45
Cryptocurrency
Webull offers trading on 8 popular cryptos through its Webull Pay app, including Bitcoin, Litecoin and Shiba Inu. The broker charges a 100bps (basis points) markup on the price, although there is no minimum equity requirement or commission fee. ForexTB offers short-term trading in cryptocurrency markets through approximately 25 CFDs, which are paired with USD, EUR, and GBP. Popular coins include Bitcoin, Ethereum, Dash, and Litecoin. However, there are no crypto indices, limited emerging tokens and Bitcoin spreads came in wider than average during testing.
Spread
Floating Floating
Coins
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • DSH
  • BCH
  • ADA
  • DOGE
  • XLM
  • DOT
  • BNB
  • SOL
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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