Webull vs. eToro: Compare Products, Features, Fees, & More

Andrew Moran
By Andrew Moran
Edited by Taj Schlebusch

Published October 30, 2021.

Man comparing different trading platforms to each other

Are you looking to start making money in the financial markets or upgrade your trading platform? Read on.

You may be wondering if Webull is legit and safe? What about eToro?

If you are worried about rules and regulations, it should be noted that both are regulated.

Webull is a registered broker deal with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA).

eToro is regulated by both Cyprus Securities and Exchange Commission (CySec) and the Financial Conduct Authority (FCA) in the United Kingdom.

What Products Does eToro Offer?

The eToro trading platform offers a variety of leading stocks from some of the top exchanges in the world. eToro offers more than 2,500 stocks in a diverse array of industries, including consumer goods, financial, health care, and technology.

And, yes, for the risky trader, there is always the eToro leverage to take advantage of.

What Products Does Webull Offer?

Webull also offers a wide variety of stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. If you are wondering if you can trade futures on Webull, we are sorry to disappoint you: There are no Webull futures options at this time!

However, you can buy fractional shares with as little as $5 and invest in foreign companies (American depositary receipt) for the purpose of greater diversification.

eToro vs. Webull Fees Comparison

Account Fees

Webull has no fees or commissions on stocks or ETFs. Users have to pay the spread and Securities and Exchange Commission (SEC) transaction costs only. This platform has no withdrawal fee if you use ACH.

Meanwhile, eToro maintains a commission fee of 0.09% spread per side. All withdrawal requests on eToro have a $5 fee, in addition to any conversion fees for currencies other than the U.S. dollar.

Minimum Deposit & Trade Amounts

The minimum deposit with eToro is $200. You can use both credit and debit cards to make a deposit. There is no deposit fee. However, users can have only one account currency.

With Webull, there is no minimum account balance, and the Webull instant deposit can make things faster and easier for you. But customers who wish to short stocks need to open a margin account. This requires a minimum deposit of $2,000.

eToro vs. Webull Feature Comparison

Auto Trading

Automated trading systems seek to open and close trades when given market conditions exist. Both eToro and Webull offer auto trading.

Trading Signals

eToro offers signals to users. Those interested in daily signals from top eToro traders can simply select that feature and add it to their watch list. This way, they can get real-time signals of every update on their accounts through the eToro app, which is available for both Android and iOS.

Social Trading & Copy Trading

Indeed, eToro is a leading social trading network. It has millions of users across 140 countries and offers many novel social trading features. eToro allows copy trading, which enables users to view what real traders are doing in real-time and copy their trading automatically.

This can be useful for beginners who are still learning the basics of trading as they can leverage other traders’ abilities and copy top-performing trades.

eToro also has the Popular Investor program that allows successful traders to share their wisdom with other eToro users. Successful members of the eToro community are celebrated for being copied.

Webull also lets clients automate their trades via copy trading. Users can follow profitable traders and open and close trades automatically.

eToro vs. Webull Customer Support Comparison

eToro possesses excellent customer support with a speedy response to user issues. Customers can get in touch with eToro’s customer service support through live chat.

Similarly, Webull also offers 24/7 customer assistance. Users can contact Webull through their phone or email. However, the speed of response with eToro is much faster compared to Webull.

What Are the Countries Webull and eToro Support?

On Webull, only the United States, Brazil, India, Malaysia, Japan, China, Korea, the Philippines, and Turkey are available. On eToro, 140 nations are supported.

eToro vs. Webull Mobile App Comparison

eToro App

Yes, it is true, eToro provides its clients with a user-friendly mobile app with access to trading markets and communities 24/7. eToro’s app also has good search functions, but it does not offer biometric authentication.

The app covers 25 languages, including English, Spanish, Italian, German, Russian, Chinese, French, and Arabic, to name a few.

Webull App

On the other hand, Webull maintains an easy-to-use trading app that allows users to trade and use technical analysis tools. Navigation is straightforward, and the mobile app closely resembles the desktop and web versions of the platform.

Both eToro and Webull offer apps for both Android and iOS.

Is eToro or Webull Better?

Overall, both eToro and Webull are excellent trading platforms for both beginner and seasoned investors. Each eToro review and Webull review will tell you the same thing.

eToro is a multi-asset platform, and Webull offers leading online stocks. Webull has low fees and no minimum deposits, while eToro has greater fees but more features. Webull only offers payments through wire transfer, but eToro offers several payment methods, including Apple Pay, wire transfer, Visa, and UnionPay.

It all depends on what you need, what your priorities are, and what you want from participating in financial markets - besides making lots of money, of course!