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eToro vs. Webull – Who is the Winner – Our Comparison Test

Etoro vs Webull

Are you trying to decide between eToro and Webull as a broker? As you may be aware, there is seldom a straightforward solution to this issue. Let’s go to the point in this eToro vs. Webull comparison.

eToro vs. Webull: A Quick Glance

The chart below compares and contrasts the essential aspects of both systems.

Category eToro Webull
Regulation Approved in the US. Licensed by FCA, ASIC, CySEC. Approved in the US
Cryptocurrency Over 60 and growing 37 with more coming
Commission Stocks 0% min fees 0%
Commission Cryptocurrency 1% plus bid-ask price 0% plus a minimum spread of 1%
Mobile Apps - IOS & Android 5 star 4 star
Funding Debit/credit cards, ACH, bank wire ACH, bank wire
Minimum Deposit $10 $0
Demo Account Yes  Yes 

As you can see, eToro offers a broader range of deposit options, whereas Webull does not allow you to fill your account using a debit card, for example.

Let’s have a look at the additional distinctions between these two brokers.

Ease of Use and Accounts

Although new investors will have to work around eToro, the site is best for individuals already familiar with trading. They will most likely gain the most from its unique qualities.

The Webull platform, on the other hand, is easy to use and caters to new investors with its clean and intuitive layout. Weibull’s best feature is that users may tailor the platform to their requirements. Different widgets, hotkeys, and templates are used to do this.

eToro account requirements and features

Anyone who passes the following criteria can become an eToro user:

Valid government-issued documents such as a passport, ID card, or driver’s license can be used as POI. Proof of address might be a utility bill, a bank statement, or even a letter from your job.

When discussing features, it’s impossible not to mention eToro’s social trading tools. After all, they’re what the site is renowned for. The Copy Trader function is the most well-known of them. It allows you not only to see but also to imitate the transactions of other investors in real-time.


Webull account requirements and features

To be eligible to use the Webull platform, you must:

However, the Webull list of supported nations is relatively narrow, consisting just of US states.

Even though Webull is a commission-free trading platform, it boasts several advanced features. A stock screener, economic calendars, market statistics, charting tools, templates, and widgets are among the tools available. The Webull trial account is available to those wishing to try the site without paying any money. This account, however, does not provide you access to all of the platform’s features.


eToro vs. Webull: Feature  Comparison 


The eToro platform allows you to trade in a variety of markets.

Weibull’s list is brief and includes those that support him.

Users in the United States, on the other hand, may only trade cryptocurrency on eToro. The Webull platform offers more items when targeting the US market.

For those interested in purchasing cryptocurrency, eToro carries little over 50 coins, while Webull has barely 30. But, to compensate for the low amount, let’s check if the Webull crypto fees are more appealing than their competitors.

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Webull does not charge commissions on options, equities, or exchange-traded funds (ETFs). A 1% spread is set for crypto trading.

The Webull deposit and withdrawal fees are two further costs to consider. Wire deposits and withdrawals are not free; however, ACH deposits and withdrawals are. A wire transfer from a US bank costs $8 to deposit and $25 to withdraw money. Wire deposits from a foreign bank will set you back $12.5, while withdrawals will set you back $45.

Stocks and indexes are also free of commissions on eToro. However, swapping cryptocurrencies on eToro may cost you a spread charge ranging from 0.75 percent to 5 percent, depending on your trade. Currency fees begin at 1 PIP, whereas commodity fees begin at 2 PIP. Indices are traded for 0.75 points and higher, with a fixed 0.99 percent commission for CFDs. eToro has a set $5 withdrawal cost in addition to the trading expenses. On the other hand, funding your eToro account is completely free.

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Customer Service

If you need help from an eToro customer care agent, you may write an email or submit a ticket using the client site. There is a Live Chat feature; however, not all users can access it. It would assist if you were a member of the eToro Club, which allows you to become the lowest tier member if you have at least $5,000 in realized equity.

Webull is geared toward beginner investors, and most of its services are free. It’s hardly surprising that its customer service is less extensive than its competitors. You can contact the customer support department through email or phone. Only during trade hours is it possible to speak with an agent on the phone. Although the Live Chat option is available on mobile applications, it is not available on the website.


eToro accounts are protected by a mix of physical and cyber security mechanisms. Physical security refers to servers kept in secure locations and continually monitored. Advanced masking and encryption techniques, firewalls, and the unavoidable 2FA for accounts are all part of cyber protocols.

Cash funds are FDIC insured for up to $250,000, while stocks and ETFs are insured for up to $500,000, thanks to a collaboration with APEX. To keep your cryptocurrency money safe, eToro keeps most of them in cold (offline) wallets. This will likely calm foreign consumers concerned by the large eToro minimum deposit.

Webull, like eToro, offers customer asset coverage of up to $500,000, with cash assets protected up to $250,000. There isn’t much to say about the platform’s security features. This isn’t due to the platform’s lack of security compared to its competitors. On its official website, Webull provides no security information. User evaluations revealed that the mobile app features a pattern lock function, and Webull accounts employ two-factor authentication.

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Webull is regulated by the Securities and Exchange Commission, among other authorities, and follows the laws for Know Your Customer (KYC) and Anti Money Laundering (AML). The trustworthy internet broker does diligence to guarantee that only legitimate clients are dealt with and that illicit actions are avoided.

The company uses the same procedure when validating consumers who want to use eToro’s financial products to make a fortune. It necessitates submitting documentation to verify the client’s identity and place of residence.

As a result, eToro requests that potential clients provide evidence of identities, such as passports or government-issued identification cards. As part of the verification procedure, proof of address, such as a recently issued utility bill, is also necessary.

While the verification procedure can be time-consuming and tiresome, ensuring that both parties are safeguarded from any fraudulent action or outcome is critical.

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Supported Countries and Location

The laws governing investing services differ from one country to the next. The restrictions significantly impact whether or not an online broker will offer its services, much alone establish a presence in the nation.

eToro is headquartered in the United Kingdom and Cyprus. It also has offices in the United States and Australia, allowing it to provide investment services in various nations. Webull, on the other hand, has its technical team in Hunan, China, and its customer-facing operations in New York, USA.


eToro is available in the following countries at the time of writing: Algeria, Andorra, Angola, Argentina, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belgium, Bolivia, Brazil, Bulgaria, Chile, Colombia, Costa Rica, Croatia, Cyprus, Czechia (Czech Republic), Denmark, Dominican Republic, Ecuador, Egypt, Eritrea, Estonia, Finland, France, Georgia, Germany, Gibraltar, Greece, Holy See, Hungary, Iceland, Ireland, Israel, Italy, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Monaco, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Senegal, Seychelles, Singapore, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Thailand, Ukraine, United Arab Emirates, United Kingdom, United States* (some states), Uruguay, Uzbekistan, and Vietnam.


Webull, on the other hand, is only available in a few countries at the time of writing, including the United States, India, Brazil, Turkey, the Philippines, Malaysia, Japan, China, and Korea.

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eToro is an online brokerage service that is completely regulated and licensed. The Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom regulate it in Europe. ASIC regulates it in Australia, and FinCEN regulates it in the United States. Stringent regulatory agencies evaluate the brokerage company, ensuring it meets the highest industry standards.

The Securities and Exchange Commission has certified Webull to provide financial services in the United States. It also has the Financial Industry Regulatory Authority’s seal of approval (FINRA). As a result, the company is deemed safe because top-tier financial agencies regulate it. The Securities and Exchange Commission has certified Webull to provide financial services in the United States. It also has the Financial Industry Regulatory Authority’s seal of approval (FINRA). As a result, the company is deemed safe because top-tier financial agencies regulate it. The Securities and Exchange Commission has certified Webull to provide financial services in the United States. It also has the Financial Industry Regulatory Authority’s seal of approval (FINRA). 

Trading Features

The Webull trading platform was created with technical analysts in mind. Technical analysis tools and indicators are plentiful on the trading platform. It also has detailed technical analysis charts that are useful for examining and analyzing price trends.

In contrast, eToro distinguishes itself for its social trading, copy trading, and CopyPortfolio features. Both allow users to mimic the moves of other investors and incorporate them into their portfolios.

Comparing the User Interface of Both Platforms

The trading platform on offer might make a significant impact when trading various financial products. Fortunately, eToro and Webull have created trading systems catering to different types of traders.

eToro is a user-friendly platform with a simple interface. It also includes copy trading and social trading, two new features that allow traders to observe and mimic the actions of other traders. The goal is to follow profitable traders and then mimic them to your advantage. However, there is a danger of caution attached to this.

Webull provides newbie and expert traders with user-friendly mobile and PC trading tools. Its platform also includes advanced analytical tools.

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Webull vs. eToro: Mobile Apps

Android and iOS mobile devices may use various applications to access the eToro platform. The capabilities available while accessing on the go are similar to those on the online platform. Despite the app’s simplistic layout, it provides access to more advanced capabilities such as charting tools and social trading.

Webull provides a mobile app for Windows and Android, and iOS smartphones. In-depth analysis, infographics, and excellent search tools are available through the mobile app. It’s also configurable, and all of its features are free. It has a user-friendly and straightforward interface that is ideal for new investors. This is to be anticipated from a platform designed with mobile in mind.

Our Opinion

Who Is eToro Best For?

Everyone interested in social trading should join eToro. Furthermore, eToro is a fantastic tool for anyone looking to diversify their portfolio.

International consumers get access to a variety of items in addition to cryptocurrency. Users in the United States, on the other hand, may only trade cryptocurrencies but still make use of the social trading features.

eToro Pros and Cons

  • Full portfolio diversification
  • Provides social trading
  • zero commissions on stocks and ETFs
  • Only crypto exchanges available to US users
  • High minimum requirements for some countries

Who Is Webull Best For?

Webull is ideal for investors who want to trade on the move. Active traders will benefit from the absence of a Webull minimum deposit. Its business concept is suitable for everyone who does not wish to pay exorbitant prices. Furthermore, when utilizing Webull, even new traders will feel comfortable.

Webull Pros and Cons

  • No minimum balance
  • User-friendly customizable platform
  • No commission-free for all offered products
  • No Forex, mutual funds, or futures
  • Limited knowledgebase

Which Is Better: eToro or Webull?

For US consumers, eToro and Webull provide commission-free trading with a minimum deposit minimum. As a result, when making a final decision, you should consider your requirements.

Webull is worth investigating if you’re searching for an excellent mobile exchange platform. Its smartphone app gives users access to advanced trading tools. The nearly non-existent Webull transaction charge is an appealing feature for new investors. You will, however, most likely need to learn more about trading.

eToro, on the other hand, can be a good fit if you want additional instructional resources. You may also learn on the way by imitating the actions of other investors. This is not recommended for somebody who is just starting trading.

We hope our eToro vs. Webull comparison has helped determine which platform is best for you.


eToro is an Israeli firm that is privately held. Yoni, Ronen Assia, and their partner David Ring started it in Tel Aviv in 2007. RetailFX was the name of the platform when it initially launched. Fumi Technology is the firm behind Webull. Anquan Wang formed this private Chinese holding firm in 2016. Although the parent firm is Chinese, the platform is registered as a US company with headquarters in New York under Webull Financial LLC.
Even though the Webull platform is commission-free, there are still expenses associated with trading. Webull trading costs are typically fractions of a dollar, and regulatory bodies rather than Webull impose them.
Both platforms are easy to use and provide commission-free options, stock, and ETF trading. Both, however, have benefits and downsides. Regarding costs, for example, deposits on eToro are free; however, not all deposit methods on Webull are.
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