Webull vs World Forex
| Webull | World Forex |
|---|---|
4.4
|
4
|
|
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. |
World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets. |
| Bonus Offer | |
| Up to 12 free fractional shares when you deposit $100 | 100% Deposit Bonus |
| 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." | "World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders." |
| Pros | |
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| Cons | |
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| Instruments | |
| Forex, Stocks, ETFs, Cryptos, Options | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $1 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.00001 (Fractional Share) | 0.01 Lots |
| Regulator | |
| SEC, FINRA, FCA | SVGFSA |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 5.49% - 9.49% | |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | Yes |
| 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 | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS, Android + Web Browser |
| App Review | |
The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders. |
|
| Android App Rating | |
1.3 |
|
| iOS App Rating | |
1.3 |
|
| Auto Trading | |
| Yes | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFD trading not offered | World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances. |
| Leverage | |
| 1:4 | 1:1000 |
| FTSE Spread | |
| NA | |
| GBPUSD Spread | |
| NA | |
| Oil Spread | |
| NA | |
| Stocks Spread | |
| $0 | From 0.03 |
| 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. | World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types. |
| GBPUSD Spread | |
| 0.4 | From 0.6 |
| EURUSD Spread | |
| 0.2 | From 0.6 |
| EURGBP Spread | |
| 0.4 | From 0.6 |
| Assets | |
| 15+ | 53 |
| 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. | Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available. |
| Spread | |
| Floating | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Binary options trading not offered | World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry. |
| Payout | |
| 100% | |
| Expiry Times | |
| 1 minute - 7 days | |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | No |
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Webull vs |
World Forex vs |