eToro vs Webull – Popular Stock Brokerages Reviewed

Both eToro and Webull are popular online brokers that serve US clients. When opening an account with these platforms, you will have access to a wide variety of stocks, crypto, ETFs, and more – all at low fees.

In this eToro vs Webull comparison, we cover each and every metric that you need to be aware of – such as tradable markets, fees, payments, user-friendliness, tools, customer support, and more.

A summary of our key findings can be found in the table below:

What are eToro & Webull

In many ways, both eToro and Webull are similar in what they offer. In a nutshell, eToro and Webull are among the popular stock trading platforms that allow US clients to invest in a variety of markets. As we cover in more detail shortly, both brokers allow users to buy stocks, ETFs, and cryptocurrencies.

eToro was first founded in 2007 and is a popular social trading platform in the market. This is because eToro enables you to engage with other users of the platform in a social media setting. For instance, you can leave comments, ‘Like’ posts, and add your favorite traders to your friend list.

You can even elect to copy the trading positions of other investors, subsequently allowing you to buy and sell assets passively. eToro offers thousands of US and international stocks and ETFs at 0% commission. You can also invest in cryptocurrency at 1% above the bid-ask price. Stocks, ETFs, and crypto at eToro can be bought and sold from just $10.

eToro is regulated by several tier-one bodies and the broker is approved to operate in the US. The platform permits fee-free deposits to US clients across a variety of payment methods – including debit/credit cards and PayPal. Moreover, eToro offers a straightforward trading space that is suitable for first-time investors.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

In the case of Webull, this online broker was first founded in 2017. As such, Webull entered the brokerage scene a decade after its eToro counterpart. Webull offers access to over 5,000 US-listed stocks and ETFs at 0% commission. However, you won’t be able to buy stocks that are listed overseas here. The only way to invest in foreign companies is via ADRs.

In addition to stocks and ETFs, Webull also offers a small selection of cryptocurrencies that can be bought and sold from just $1. Cryptocurrencies can be traded commission-free at Webull, but spreads start from 1%. Webull also offers a selection of retirement accounts via IRAs, as well as free educational material.

Your capital is at risk. 

Tradable Stocks on eToro & Webull

In this section of our eToro vs Webull comparison, we will explore what stocks each broker gives you access to.

eToro Stocks

eToro offers over 2,500 stocks on its platform. This covers stocks across both US primary exchanges – the NYSE and NASDAQ. With that said, eToro offers foreign stocks as well.

This is because eToro offers access to markets in the UK, Canada, Hong Kong, Germany, Saudi Arabia, France, the Netherlands, and more. Therefore when you buy stocks on eToro you’ll be gaining exposure to a wide range of international markets with low fees.

Notably, both US and foreign-listed stocks on the eToro platform can be traded commission-free. In terms of minimums, eToro allows you to buy any stock of your choosing from just $10.

This is because – just like Webull, the platform supports fractional shares.

Webull Stocks

Webull also offers thousands of stocks on its platform. However, unlike eToro, Webull focuses exclusively on US-listed stocks. This will hinder those of you that wish to invest in the international markets.

The only exception to this rule is that Webull supports a selection of ADRs. However, options are severely limited, and naturally – you won’t be accessing the stock from its primary exchange.

Nonetheless, Webull allows you to buy stocks from just $5 via its fractional ownership tool.

eToro vs Webull Cryptocurrencies

eToro is more cost-economical in the crypto department – which we explain in more detail later on.

With eToro users can access 63 digital currencies, compared to the 37 offered with Webull.

Crucially, while both platforms provide a standard offering of large-cap cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and Cardano, eToro lists popular DeFi coins and metaverse tokens.

Moreover, there are some very notable cryptocurrencies that Webull does not support. This includes XRP and BNB –  both of which are large-scale projects that attract billions of dollars in daily trading volume.

In a similar nature to stocks, both eToro and Webull support fractional cryptocurrency investing. In the case of eToro, this stands at $10. While at Webull, this has since been reduced to a minimum crypto trade size of just $1.

Other Assets

In addition to stocks and cryptocurrencies, both eToro and Webull offer a number of other asset classes.

• eToro also offers hundreds of ETFs. Non-US clients can also access CFDs across forex, commodities, and indices.
• Webull also offers ETFs, alongside a fully-fledged marketplace for trading stock options.

eToro also offers smart portfolios and copy trading features, but we’ll come to this later on in this comparison review.

Account Types

Next up in our Webull vs eToro comparison guide we will explore what account types are on offer.

eToro Accounts

Although eToro also offers corporate, professional, and Islamic accounts – the vast majority of its customers are on a standard retail investment plan. This simply means that you are buying and selling assets on a DIY basis.

You will be able to open a standard retail investment account in under five minutes from start to finish. This includes the process of getting your account verified for KYC purposes.

The minimum deposit to get started as a US client is just $10.

Webull Accounts

Webull offers a variety of account types to choose from. Most traders will open an individual brokerage account – which comes without any minimum deposit requirements.

With that said, Webull also offers a selection of retirement accounts – which is inclusive of Traditional, Roth, and Rollover IRAs.

eToro Fees vs Webull Fees

Fees are a very important metric to look at when choosing an online broker.

As such, in this section of our eToro vs Webull comparison, we will discuss the main fees that you need to be aware of before proceeding.

eToro Fees vs Webull Fees – Trading Costs

When it comes to trading fees, both eToro and Webull allow you to buy and sell stocks on a commission-free basis.

eToro charges a 1% commission above the bid-ask price when you trade cryptocurrencies.

• Webull offers commission-free trading on cryptocurrencies, but spreads start from 1%.
• This 1% spread will be available at Webull when you buy Bitcoin.
• But, when you start trading cryptocurrencies with a lower market capitalization, spreads at Webull can really start to add up.
• The key problem here is that at Webull, you are unable to view the bid and ask price on cryptocurrencies – or any supported asset for that matter.

eToro Fees vs Webull Fees – Non-Trading Costs

In addition to trading commission and spreads, you also may choose to look at what non-trading fees will be charged by your chosen broker.

Firstly, deposits at eToro for US clients are fee-free across all supported payment methods. This includes debit and credit cards, ACH, bank wires, and even e-wallets such as PayPal.

Webull also allows you to deposit funds fee-free when opting for ACH. However, should you prefer to fund your Webull account via a domestic bank wire, then you will pay a fee of $8. Moreover, when you make a withdrawal via a domestic bank wire, you will pay $25.

As such, Webull is not only limited when it comes to supported payment methods – but if you wish to use a domestic bank wire, the broker is expensive.

Nonetheless, eToro nor Webull charges any fees for opening an account. Moreover, you won’t need to pay any ongoing fees to hold your investments.

eToro vs Webull User Experience

When it comes to the user experience, we found that both eToro and Webull offer a trading platform that is suitable for all skillsets.

For instance, if you are a complete beginner, you will appreciate both platforms for the simplicity in which you can open an account, make a deposit, and find your favorite stocks.

In fact, eToro and Webull allow you to find stocks via a search bar, so you don’t need to scroll through thousands of markets unnecessarily.

Moreover, in terms of placing an order, both eToro and Webull simply require you to enter your stake and confirm the position.

eToro and Webull both offer advanced tools – such as customizable charts and technical indicators.

If we were to separate the brokers in this department, we would have to point out the ease in which eToro allows you to verify your account.

This is because eToro uses automated technology, so the KYC process takes less than a minute to complete. Then, you can instantly deposit funds with a debit/credit card or e-wallet.

Webull accounts can take a couple of days to open. Plus, when you deposit funds via ACH, it can take up to four working days to settle. As such, onboarding at Webull can be cumbersome.

eToro vs Webull Mobile Apps

Mobile trading is the next big thing in the investment scene. And both eToro and Webull are at the forefront of this growing trend.

The eToro stock app is available to download free of charge across both iOS and Android smartphones. Once you install the app, this will connect to your main account. Therefore, you can use the eToro app to trade, check your portfolio, add or withdraw funds, and much more.

In other words,  all account functions available through the main eToro website are also offered via the app.

Webull also offers a mobile app that is compatible with both iOS and Android. However, it appears that only the iOS version of the app offers a sufficient customer experience. According to the Google Play store, the Webull app carries a rating of just 3/5.

Some of the main concerns from users of the Webull Android app focus on charts that have not been correctly optimized for smaller screens. There are also ongoing concerns about a variety of bugs and glitches that are yet to be resolved.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

Trading Tools & Features on eToro & Webull

In this section of our Webull vs eToro comparison, we will look at what core tools and features each broker offers.

Copy Trading

The standout feature offered by the eToro platform is its copy trading tool. Take note, there is nothing of this nature offered by Webull.

Nonetheless, the copy trading feature – as the name suggests, allows you to ‘copy’ other eToro users. This means that once you have selected a seasoned and proven investor to copy, all future positions will be copied into your own portfolio.

• Naturally, this allows you to trade the stock and crypto markets without needing to lift a finger.
• On the whole, you can trade in a 100% passive nature.
• In terms of stakes, you need to invest at least $200 into each trader that you wish to copy.
• Positions that are copied are done so proportionately.
• For example, if you invest $200 into a trader and they allocate 20% of their portfolio into Bitcoin, then you will automatically buy $40 worth of BTC.

No additional fees are charged when using the copy trading feature at eToro and cash out your position whenever you wish. You also have the freedom of adding or removing assets.

Smart Portfolios

Another hugely popular feature used by eToro customers is that of smart portfolios. These are pre-made portfolios that track a specific marketplace.

For instance, there are smart portfolios that track stocks operating in markets like driverless cars, energy, tech, the stay-at-home economy, COVID vaccines, and much more.

The smart portfolio that you opt for will be professionally managed by eToro. This means that your smart portfolio will be regularly rebalanced to ensure it is still aligned with the respective target market.

Once again, there is no such feature or tool offered by Webull. As such, our eToro vs Webull comparison found that the former is a much better option for those seeking passive investment tools.

Analysis 

Both eToro and Webull allow you to perform technical analysis. This is inclusive of technical indicators and fully customizable charts.

Educational Materials 

When it comes to educational materials – we found that both eToro and Webull provide multiple trading and investing guides, as well as a regularly updated blog section.

Price Alerts  

In terms of price alerts, both eToro and Webull allow you to customize the notifications that you receive. For instance, you can elect to receive an alert when there is a major movement on a stock or cryptocurrency from your watchlist.

You can also set specific alert parameters surrounding volatility and price targets.

Social Trading  

eToro is a social trading platform – meaning that you can engage with other users. For example, let’s suppose that you wish to share your market insights on Ethereum.

Once you leave a post, other eToro users will be able to read, reply to, and even ‘Like’ your message. You can also add other eToro users to your friend list.

Demo Accounts

Demo accounts can be an invaluable tool for traders of all skill sets – as you have the opportunity to buy and sell assets in a risk-free environment that mirrors the live markets.

Both eToro and Webull offer demo trading facilities, albeit, you will first need to open a standard account in order to gain access. eToro offers a preloaded paper trading balance of $100,000.

If you burn through the entire amount, you can replenish your paper trading balance at any given time. Moreover, switching from ‘Real’ and ‘Virtual’ mode on the eToro platform can be achieved at the click of a button.

In the case of Webull, you will be given a paper trading balance of $1 million. Just like eToro, when you utilize the demo account feature, this will mirror live market conditions.

eToro vs Webull Payments & Minimum Deposit

In terms of funding your brokerage account and making a withdrawal – eToro is a clear winner here on all fronts.

As noted, both deposits and withdrawals made in US dollars are fee-free at eToro. At Webull, ACH payments are free, while domestic bank wire deposits and withdrawals are charged at $8 and $25 respectively.

Webull has no minimum deposit policy in place, while at eToro, this stands at just $10 for US clients.

When it comes to supported payment methods, Webull allows you to choose from ACH or a bank wire only. This will take up to four and two working days, respectively.

Although eToro also supports ACH and bank wires, it also supports a variety of instant payment methods. This includes debit and credit cards issued by Visa, MasterCard, and Maestro, as well as e-wallets such as Paypal, WebMoney, and Neteller.

Customer Service

Customer service is another core area that we explored during that eToro vs Webull comparison.

• We found that eToro offers a live chat facility that you can access once you are logged into your account.
• It appears that the customer service team works during standard market hours across all time zones.
• As such, this would run from Sunday night to cover the Asian markets, right through to Friday evening for the closure of US exchanges.
• Across the board, it appears that the general consensus is that the eToro customer service team is both responsive and simple to reach.

Webull does not offer a live chat feature like eToro.

Instead, you will need to make contact via email or telephone support. Reports in the public domain suggest that contacting Webull via its telephone center is challenging – as wait times are often very long.

With that said, both eToro and Webull offer an extensive FAQ and help section – which should cover most account queries.

eToro vs Webull Regulation & Security

Both eToro and Webull are heavily regulated brokers that have the legal remit to offer brokerage services to clients in the US. As such, there should be no concerns in this department and there is nothing to separate the two platforms.

• With that said, while Webull only serves clients in the US, eToro is an international broker that can be accessed in over 100 countries. As such, eToro also holds tier-one licenses by bodies outside of the US.
• This includes the FCA (UK), ASIC (Australia), and CySEC (Cyprus).
• Although protection from bodies based overseas has no relevance to US clients, this does add an extra set of regulatory eyes to the platform.

When it comes to insurance, both eToro and Webull offer US clients FDIC coverage on cash balances up to the first $250,000.

Both platforms are also covered by the SIPC. This means that if either platform ceased to exist, US stocks held in your brokerage account would be covered up to the limits installed by the SIPC.

Accepted Regions

As noted above, Webull only has the legal remit to serve US clients. While eToro also accepts clients from the US, it operates in over 100 countries – including the UK, Australia, and most of the European Union.

eToro vs Webull  – The Verdict

In summary, this eToro vs Webull comparison found that both brokers offer a safe and low-cost way to invest in stocks, crypto, ETFs, and more.

With the information provided above, users can review the two brokers and make a decision on which platform caters to their trading needs.

Frequently Asked Questions on eToro vs Webull