RoboForex
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74-89% of retail CFD accounts lose money.

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Webull
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RoboForex Vs. Webull - Compare and Choose the Right One

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

Your capital is at risk.

Overview

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

Webull is a US-based broker that offers both real and leveraged products including Stocks, Crypto, Options, ETFs, and ADRs with zero commissions and no deposit minimums.

Best For
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
  • Novices who want to enter the world of investing
  • Intermediate and advanced options traders
  • Professional day traders and portfolio managers 
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
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Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • IFSC (International Financial Services Commission of Belize)
  • HKMA (Hong Kong)
  • FINRA (United States)
The Good
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
  • Trade any asset class from just $5
  • Easy-to-use investing app
  • Fully extended trading hours
The Bad
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
  • No international clients at the moment
  • No joint accounts
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2009 2017
💳 Minimum Deposit
$10 €, £, $ - 0
💰 Payment Methods
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 Account Base Currencies
4 - USD, EUR, CNY, GOLD. 1 - USD
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

EU, UK, CA, JP, IN, IR, MY, ZA, AU.
📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies

Real stocks, ETFs and cryptocurrencies

📙 Stocks
12,000+ 10,000+ real stocks from 5 exchanges worldwide
📘 Currency Pairs
40+ 0
📗 Commodities
100+ 0
📕 Indices
50+ 0
📔 ETFs
1,000+ 2400+ Real ETFs
💸 Cryptocurrencies
16 20
📒 Bonds
N/A 0
📓 Options
N/A Several Option Chains
📗 Futures
N/A N/A
📝 Notes:
All of RoboForex’s assets are CFDs. WeBull is mostly dedicated to U.S client and does not provide CFDs.
Trading Experience
📈 Minimum Stock Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

$5
📉 Minimum ETFs Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📈 Minimum Crypto Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

Varies by cryptocurrency
📉 Minimum FX Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📈 Minimum Commodities Trade Size

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies per Option contract
💪 Retail Leverage
Up to 1:2000 1:4
💪 Professional Leverage
N/A N/A
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes No
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees

Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

No
💰 Commissions

Yes depending on account type (eg: for ECN accounts there are commissions up to $20).

No
Spreads
📈 EUR/USD

Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average

N/A
📉 SP500
Dynamic - Market Spread Dynamic - Market spreads
📈 GOLD
Dynamic - From 17 Pips N/A
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market spreads
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market spreads
📉 BTC
Dynamic - From $220 Dynamic - Market spreads
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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