Webull vs Plus500 - Fees Review included
Which broker is better Webull or Plus500? 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 7.21 out of 10. Plus500 is one of the top brokers in the financial market with the TU Overall Score of 6.83 out of 10. Find out more about TU Overall Score.
| Feature | Webull | Plus500 |
|---|---|---|
Overall |
3.2 |
3.7 |
5 |
4.9 |
|
3.4 |
4.4 |
|
3.1 |
4.4 |
|
Investment Instruments |
4.0 |
1 |
Platforms and Charting Tools |
3.1 |
3.3 |
Deposit and Withdrawal |
2.7 |
4.8 |
Research |
1.8 |
2.9 |
Education |
1.2 |
2.3 |
Support |
3.6 |
2.4 |
Bonuses |
4.1 |
2.1 |
|
|
Webull vs Plus500: 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
Plus500 broker is owned by Plus500 Ltd, the headquarters company, is based in Israel. Plus500.com has been an active trading platform since 2008, where traders can trade more than two thousand financial assets. The broker provides its services in Asia and Europe, being also one of the fastest-growing companies that make it possible to trade CFD (contract for differences) contracts.
| Webull | Plus500 | |
|---|---|---|
| Overall Pros | Zero commission when trading stocks, options, and ETFs | Over 2000 trading CFD instruments |
| No minimum deposit requirements for brokerage and retirement (IRA) accounts | Advanced screeners and analysis tools | |
| Access to professional intelligent analytics and trading tools | Free alert service | |
| Well regulated CFD broker | ||
| Overall Cons | There is no support for trading in mutual funds, futures, bonds or stocks of the OTC markets | Plus500 does not provide the possibility of passive earnings |
| It doesn’t provide an opportunity to make transactions with currency pairs | A ban on scalping, order hedging, and automated trading | |
| Cryptocurrency trading is available only in mobile applications | the broker does not cooperate with traders from Ukraine, the USA, and several other countries | |
| Replenish your account from $2,000 to trade with favorable leverage | Broker don't offer ECN account | |
| MT4/MT5 trading platforms are not supported |
Webull vs Plus500: Safety and Regulation
| Webull | Plus500 | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
|
Investor protection |
€20,000 £85,000 SGD 75,000 |
|
FCA UK Regulation |
Yes |
|
FINRA (U.S) |
No |
|
BaFin (Germany) |
No |
|
ASIC (Australia) |
Yes |
|
CFTC (U.S) |
No |
|
MAS |
Yes |
|
FSCA SA |
Yes |
|
BVI FSC |
No |
|
VFSC |
No |
|
FSA (Seychelles) |
Yes |
Webull vs Plus500: Trading Conditions
| Trading Conditions | Webull | Plus500 |
|---|---|---|
Minimum Deposit |
1 USD |
$100 |
Trading Platforms |
Own platform |
WebTrader, Plus500 |
Max Leverage (Futures) |
1-2/1-4 |
variable |
Supported Markets |
Stocks, options, ETFs, ADRs, cryptocurrencies |
CFDs on Forex, Stocks, Commodities, Metals, Cryptocurrencies, options and ETFs |
Trading assets |
100+ |
2000+ |
Trading Accounts |
Paper Account (Demo), Margin Account, Cash Account (IRA, Individual) |
Real, Demo |
Base Account Currencies |
USD |
USD |
Webull vs Plus500: Fees
| Webull | Plus500 | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
|
Standard acc. spread EUR/USD, max pips |
0,9 |
|
ECN Commission |
||
ECN Spread EUR/USD |
||
Deposit fee, % |
No |
|
Withdrawal fee, % |
No |
|
Withdrawal fee, USD |
No |
|
Inactivity fee, $ |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Webull vs Plus500: Trading Assets
| Asset Name | Webull | Plus500 |
|---|---|---|
Overall |
100+ |
1000+ |
Forex |
No |
Yes (CFDs) |
Stocks |
Yes |
Yes (CFD) |
Metals |
No |
Yes (Futures) |
Cryptocurrencies |
Yes |
Yes (CFDs and Futures) |
Energy |
No |
Yes (Futures) |
Indices |
No |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
Yes (CFD) |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
The Plus500 Futures platform is available to US clients only
Webull or Plus500: Investment Programs
| Asset Name | Webull | Plus500 |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Plus500 or Webull
| Webull | Plus500 | |
|---|---|---|
MT4 |
No |
No |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
Plus500 |
Others |
Own trading platform |
No |
|
|
Webull vs Plus500: Deposit and Withdrawal Methods
| Webull | Plus500 | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Webull vs Plus500: Research
| Research Type | Webull | Plus500 |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Webull vs Plus500: Education
| Education Type | Webull | Plus500 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
Plus500 vs Webull: Support
| Support Features | Webull | Plus500 |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
Yes |
No |
Online chat |
No |
Yes |
Other |
No |
No |
Webull vs Plus500: Forex Bonuses and Promo
| Promo | Webull | Plus500 |
|---|---|---|
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 |
An affiliate partner earns from $200 to $800 for a referred client who opened a trading account and started trading. The amount of remuneration varies depending on the partner's country of residence |
Other Promos |
||
|
|
Top 5 Reviews on Plus500
-
Comment
Plus500 is not a bad broker. At first glance, nothing supernatural, but trading with them is really pleasant. Order execution is clear, without delays, and withdrawal of funds goes smoothly and without problems. In general, the broker leaves a positive impression, and I am satisfied with my choice.
-
Comment
I work with Plus500 and I can point out both pros and cons. I like that the company is multi-regulated and licensed in 10 countries, which inspires confidence. However, the lack of Micro or Cent accounts is a bit disappointing as they would allow trading with minimal risks and investments.
-
Comment
I took a risk and opened a trading account with Plus500. I'm trading in the black. I can say that I’m testing the company, checking it. I asked the support to make a report about a trade, whether they would do it or not. But they sent the report quickly, well done! We'll see what happens with withdrawals. I hope they won’t disappoint me here either)
-
Comment
Plus500 is a good broker. My money was withdrawn in 2 days. I don't communicate with the support team much — I have my own strategy and trading goes as it should. There are a lot of services to choose from. The analytics are good. The only disadvantage is that there were a few failures during a couple of months, but they did not affect my trading critically.
-
Comment
I have been working with Plus500 for a long time. If we evaluate it comprehensively, it’s not bad. There are little things that are not 100% satisfying, but overall, compared to other companies, it’s probably ok. I mean the quotes flow and precision of trades. The rest is fine. I get enough profit from regular trading.
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.