Webull versus eToro

Chinese-owned, US-based brokerage Webull launched in 2017, while eToro opened its US-based subsidiary in 2019. Both brokers offer access to cryptocurrencies rather than derivative contracts, making them ideal for long-term investors. Webull promises advanced trading tools, while eToro brings its massive network of 20+ million traders plus its popular copy trading service.

Both brokers offer their proprietary trading platforms, where eToro deploys an easier to learn solution versus a more advanced one at Webull. The mobile app at Webull remains more sophisticated than eToro, but eToro counters with superior investment across the cryptocurrency sector. It includes its in-house-developed wallet and acquisitions of cryptocurrency firms Firmo and Delta. It also developed a sentiment indicator based on Twitter mentions of select cryptocurrencies.

We have conducted an in-depth review of Webull and eToro to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs. Webull - Verdict

Features and Platforms

Features & Platforms	eToro (visit site)	Webull (visit site)
Headquarter:	US	US
Established :	2019	2017
Retail Loss Rate:	Undisclosed	Undisclosed
Regulation:
Minimum Deposit:	$50	$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:		Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	2	2
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:		Undisclosed
Bonuses and Promotions:
Unique Feature One:	Large trading community	Excellent order execution
Unique Feature Two:	Copy-trading platform	Low trading costs
Broker Offers:	See what eToro offers*74% of retail CFD accounts lose money	See what Webull offers

Noteworthy:

eToro beta tests commission-free equity and ETF trading, while Webull already offers it. Neither broker supports algorithmic trading, but the eToro copy trading platform and Twitter-based sentiment indicator present a distinct advantage over Webull.

Available Markets

Cryptocurrency traders get 48 assets at Webull versus 42 at eToro, plus an overall broader choice of equities and ETFs. eToro remains in closed beta for trading instruments outside of cryptocurrencies but is likely to duplicate its international offering. Overall, Webull provides traders with more in-depth diversification opportunities from a broader asset selection.

Typical Spreads and Fees

Webull lacks pricing transparency concerning spreads. eToro lists Bitcoin as low as 0.75%, but most at 1.90% and 4.90% as the maximum. eToro also levies a 0.10% crypto-to-crypto conversion fee and 0.50% cryptocurrency transfer fee. Traders must also consider blockchain fees. Webull earned a reputation as a lower-cost broker than most of its US competitors.