Webull vs IG - Fees Review included
Which broker is better Webull or IG? Our expert assessment conducted according to TU’s own methodology showed that Webull is one of the top brokers in the financial market with the TU Overall Score of 7.09 out of 10. IG is one of the top brokers in the financial market with the TU Overall Score of 6.68 out of 10. Find out more about TU Overall Score.
| Feature | Webull | IG |
|---|---|---|
Overall |
3.2 |
4.4 |
5 |
4.7 |
|
3.4 |
4.7 |
|
3.1 |
5 |
|
Investment Instruments |
4.0 |
3.9 |
Platforms and Charting Tools |
3.1 |
4.7 |
Deposit and Withdrawal |
2.7 |
4.0 |
Research |
1.8 |
4.5 |
Education |
1.2 |
4.2 |
Support |
3.6 |
4.8 |
Bonuses |
4.1 |
3.4 |
Webull vs IG: Pros and Cons
Webull is an American broker-dealer headquartered in New York City and is a FINRA, SIPC, NYSE, and NASDAQ member. The company was incorporated in May 2017, and in January 2018 it was already registered with the SEC. It is part of Webull Financial LLC and is licensed to carry out brokerage activities in all 50 US states. The broker offers a wide range of stock market assets, professional analytics and an intuitive trading platform with a variety of technical and fundamental analysis tools
The Forex broker IG Markets is a structural subdivision of the IG Group corporation. Its securities are listed on the London Stock Exchange and are included in the FTSE 250 index. IG Markets is a UK registered company created in 1974, but since its inception, its representative offices have appeared in some other European countries. Since 2014, a retail line of brokerage services has been opened. The international division of the broker is registered in Bermuda and licensed by the Bermuda Monetary Authority
| Webull | IG | |
|---|---|---|
| Overall Pros | Zero commission when trading stocks, options, and ETFs | reliability. IG Markets is part of the IG Group, founded in 1974. Its subsidiaries are also licensed by the British regulator FCA, the Monetary Authority of Singapore (MAS), and the American regulators CFTC, and NFA |
| No minimum deposit requirements for brokerage and retirement (IRA) accounts | 16,000 trading instruments, investments in IPOs and exchange-traded funds | |
| Access to professional intelligent analytics and trading tools | relatively good spreads, from 0.6-1 pips depending on the type of instrument | |
| customer support is 24/7 | ||
| Overall Cons | There is no support for trading in mutual funds, futures, bonds or stocks of the OTC markets | high threshold of entry which discourages private novice traders |
| It doesn’t provide an opportunity to make transactions with currency pairs | complicated and unpleasant verification procedure. There are cases of refusal to open an account due to unconfirmed or low income | |
| Cryptocurrency trading is available only in mobile applications | there are no products for passive investment, no bonus system is provided | |
| Replenish your account from $2,000 to trade with favorable leverage | a limited set of options for depositing and withdrawing money, which is not very convenient for global Forex traders |
Webull vs IG: Safety and Regulation
| Regulated By: | Webull | IG |
|---|---|---|
US Regulation |
Yes |
Yes (CFTC, NFA) |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
Membership in the SIPC Insurance Fund |
BMA (Bermuda), MAS (Singapore) |
Webull vs IG: Trading Conditions
| Trading Conditions | Webull | IG |
|---|---|---|
Minimum Deposit |
1 USD |
$450 |
Trading Platforms |
Own platform |
MT4, IG Trading Platform, L2 dealer |
Max Leverage (Futures) |
1-2/1-4 |
1-200 |
Supported Markets |
Stocks, options, ETFs, ADRs, cryptocurrencies |
Forex, Crypto, commodities |
Trading assets |
100+ |
16000+ |
Trading Accounts |
Paper Account (Demo), Margin Account, Cash Account (IRA, Individual) |
Demo, Standard |
Base Account Currencies |
USD |
USD |
Webull vs IG: Fees
Forex Trading Fees
| Fee | Webull | IG |
|---|---|---|
Standard Account EURUSD Average Spread |
Market stock spread |
0.6 pips |
Standard Account Fee |
From $0,002. for each share. There are also other fees for certain transactions |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Webull | IG |
|---|---|---|
CFD Trading Fee |
Market stock spread |
Floating spread |
Non-Trading Fees
| Fee | Webull | IG |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Yes |
No |
Withdrawal Fee |
Yes |
No |
Inactivity Fee |
No |
$18 per month after 24 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Webull vs IG: Trading Assets
| Asset Name | Webull | IG |
|---|---|---|
Overall |
100+ |
16000+ |
Forex |
No |
Yes |
Stocks |
Yes |
No |
Metals |
No |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
No |
Yes (CFD) |
Indices |
No |
No |
ETFs |
Yes |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Webull or IG: Investment Programs
| Asset Name | Webull | IG |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
Investing in IPOs |
Trading Platforms: IG or Webull
| Webull | IG | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
IG Trading Platform |
Others |
Own trading platform |
L2 dealer |
Webull vs IG: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Webull | IG |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
No |
Crypto |
No |
No |
Webull vs IG: Research
| Research Type | Webull | IG |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Webull vs IG: Education
| Education Type | Webull | IG |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
IG vs Webull: Support
| Support Features | Webull | IG |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
Webull vs IG: Forex Bonuses and Promo
| Promo | Webull | IG |
|---|---|---|
Forex Bonus |
Flexible bonus system with the ability to receive a bonus in the form of securities in the amount of up to 1600 USD |
No |
Affiliate Program |
Yes |
"Invite a friend". The partner receives $100 for each attracted referral who must carry out 5 transactions of the corresponding volume (possibly, 5 lots are implied) within 6 months. |
Other Promos |
No |
|
Top 5 Reviews on IG
-
Comment
It’s a decent company, I do most of my trading here, but I have an account with another company. There are no particular complaints. If you know how to trade, I can confidently recommend IG Markets.
-
Comment
Personally, what attracts me the most is the access to options with a low deposit at IG Markets broker. However, everything comes with a price: commissions and premiums are higher compared to companies with higher margin requirements. By the way, with a minimum deposit of $200 for options, you won't get much leverage. So, to feel more comfortable, you need to deposit at least 10 times more money into your account.
-
Comment
I can briefly share my experience. Overall, if you don't dwell on withdrawal issues, everything is fine. I withdraw funds to my card or in USDT almost every month. Initially, I had doubts about IG Markets, but after several consistent withdrawals to my card, I started to trust them more. Although the profit is not that great because the amount constantly circulates in the balance: I deposit, trade, withdraw profit. But I enjoy the trading process itself, so I have no complaints about IG Markets broker.
-
Comment
I have recently explored IG Markets. My first impressions are positive. I had a lot of questions and contacted the support service. I was pleasantly surprised, since all questions were explained to me promptly and in full. Working is convenient, the IG Markets website is informative, and the platform has a lot of trading tools for every taste. In general, I am satisfied. I hope everything will be just as good.
-
Comment
I've known the broker IG Markets for several years. I started trading here when I had no experience with currency pairs. Over time, I gained experience and stopped losing my money. IG Markets is not my primary broker. I maintain a smaller deposit here compared to another company where the conditions are better. However, the first broker is the first broker, and I don't want to leave it.
Top 5 Reviews on Webull
-
Comment
The Webull broker is characterized by low-quality execution of transactions. Transactions revolve within the company. If you compare trading here with trading in other companies, the difference will be very noticeable. I do not advise.
-
Comment
I have been cooperating with Webull for the third month. It seems to me that this is a sufficient period to see all the obvious advantages and disadvantages of the company. First, about the cons, which, perhaps, only catch me. I don't like their terminal from the word "generally". It lacks tools for analysis, and performance leaves much to be desired. Another disadvantage is that access to margin trading is opened from $2,000 in the account balance. But still, I lingered here, because there are pluses: trading without spreads, increased leverage on intraday trading and a demo account for testing strategies. I don’t see a worthy replacement among competitors yet, I stay with Webull until better times.
-
Comment
I won’t complain about Webull either. My homie advised me to cooperate with this broker and I immediately checked its legal documents. It’s as clear as day, the company operates in the legal field. Trust my experience, there are a lot of scammers these days but Webull is not one of them. The broker's terminal is rock-solid, and after the last update, it became even more convenient to use it compared to before. Everything is smooth with payments and the company strives to make the process even better.
-
Comment
I opened an account with Webull a year ago, the company's experts helped to develop a strategy and decide on financial instruments. I cannot say that I am very impressed with the results, but there is an indisputable plus from our cooperation. Transactions are well protected, there is no commission for withdrawing funds from the account.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.