Webull Alternatives

By:

James Knight

James has spent more than 10 years as a writer, researching and covering a range of topics, from business… read more.

Updated: Jun 28, 2022

Webull was one of many brokers that stopped its users from buying more GME and AMC shares to benefit short selling hedge funds. With lots of people looking for new brokers, this guide explores the best Webull alternatives around.

Compare the best alternatives to Webull

If you want to jump in and switch brokers straight away, here’s a list of the best alternatives to Webull. If you want more information, keep reading for a comparison between the top options.

Most Popular

1

Min. Deposit

$10

Promotion

User Score

10

Trade/invest in stocks with just $10

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

Start Trading more info

Description:

eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.

Payment Methods

Bank Transfer, Wire Transfer

Full regulations list:

CySEC, FCA

Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

2

Min. Deposit

$0

Promotion

User Score

9.3

$0 commission and $0 Options contract fees

Upgraded research with advanced charts

Smart Menus for faster trades

Start Trading more info

Description:

Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.

Payment Methods

Full regulations list:

3

Min. Deposit

$500

Promotion

User Score

8.7

We offer one of the best execution speeds in the industry with low latency

Award-winning support in 14 languages

Trade with precision from 0.5 pips on EURUSD

Start Trading more info

Description:

Founded in Switzerland, ActivTrades has been around since 2001, which means it has more than two decades of experience in the fintech industry. The independent brokerage house started as a small firm, but it is now a global retail and institutional broker. In 2005, ActivTrades moved its HQ to London, and it began growing rapidly through Europe. ActivTrades offers a lot of benefits to its clients, including educational tools, rewards programs, competitive spreads, and the use of MetaTrader 4 and MetaTrader 5, two industry-leading platforms.

Payment Methods

Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill

Full regulations list:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Webull vs other top brokers

Webull only restricted trading on the top stocks for a short time, but if you’re still looking to find an alternative broker we’ve compared some of the best options. These comparisons can help you decide what’s the best alternative to Webull.

Webull vs AvaTrade

AvaTrade is a trading platform based in Ireland. It lets you trade CFDs on all sorts of assets, from stocks and forex to cryptocurrency and ETFs. This way, you can trade on the performance of these assets without needing to own them.

One thing to think about is that AvaTrade doesn’t offer stop-loss limits. If you’re looking for an alternative to Webull because it placed restrictions on volatile stocks, stop-loss limits might be important to you.

AvaTrade offers beginner-friendly platforms and has shown no sign of restricting its own users’ trading at any stage. So you can be confident you’ll be allowed to trade freely.

Sign up for an AvaTrade account here >

Webull vs eToro

eToro is an ideal trading platform for beginners. It offers an intuitive, simple to use platform where you can trade stocks and cryptocurrencies. With eToro you can use leverage to trade on the margin or trade CFDs on your favourite stocks.

eToro is a social trading platform, so you can follow the top traders and copy their trades. This can be a good way for beginners to get to grips with the market, while you can see other users’ comments and analysis on each move. To learn more about the basis of stock trading, you can visit this Invezz guide.

You should note that eToro did briefly restrict trading on stocks like GME. If you’re looking for an alternative to Webull in response to its move against retail investors, make sure to check the latest news first to make sure the restrictions have been lifted.

Sign up for an eToro account here >

*68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Webull vs BlackBull Markets

BlackBull Markets is a relatively new online broker that offers trading on forex and commodity assets, along with CFD trading on indices.

Based in New Zealand, BlackBull is only available in a few countries at the moment. This means it’s an option for UK users but unfortunately not for US customers yet.

Despite its more limited options, BlackBull Markets is growing fast and offers lots of liquidity. Unlike Webull, it has never restricted trading on any of its assets and is ideal if you have a focus on forex trading.

Sign up for a BlackBull Markets account here >

How to find good alternatives to Webull

There are a lot of brokers out there that offer similar services. Before you decide who to switch to, it’s a good idea to think about what’s most important to you. Do you want the easiest trading platform with lots of beginner materials, the lowest fees, or the biggest range of asset options?

Here are some things you should consider when picking a Webull alternative.

What to look for in an alternative stock broker

• Variety of trading options. Make sure your chosen broker offers your favourite trading assets. This is particularly important if you’re looking for a Webull alternative that lets you trade specific stocks, like GameStop.
• Ease of use. You want to be able to dive in and start trading straight away. Pick a broker with an intuitive, simple design and ideally a mobile app if you want to trade on the go. If you’re a new trader, you might want to pick one with useful guides or a demo account.
• Low fees. If you’re a regular trader, trading fees can become expensive if you pick a broker with high charges. Even small fees can add up with a lot of trades. You can find brokers who offer very low fees, or even zero commission trading.
• Account limits. Understand the deposit limits and any restrictions on trading in the form of daily or trading limits. You want to be able to trade freely whenever you like.

Why would I want to find an alternative to Webull?

Webull is one of the brokers that reacted to WallStreetBets traders spiking demand by restricting trading on popular stocks like GameStop and AMC. Rather than allowing its customers to decide when to buy and sell, it only allows them to close their positions. This restriction on free trading pushed many users towards finding an alternative to Webull.

When you choose a broker we believe you should have the freedom to make your own investment decisions. If that means finding Webull alternatives, then there are plenty of brokers out there who offer good trading platforms.