Webull
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BlackBull Markets
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Webull Vs. BlackBull Markets - Compare and Choose the Right One

Updated Dec 14 2021

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Overview

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.

BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.

Best For
  • Novices who want to enter the world of investing
  • Intermediate and advanced options traders
  • Professional day traders and portfolio managers 
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
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The Good
  • Trade any asset class from just $5
  • Easy-to-use investing app
  • Fully extended trading hours
  • Competitive spreads in their ECN PRIME account (From 0.1 Pips)
  • MT4 & 5 platforms offered
The Bad
  • No international clients at the moment
  • No joint accounts
  • Their standard asset offering is very low (over 300 instruments)
  • Share trading requires a separate platform with a different onboarding
  • Commissions are above average and share trading fees are a mystery
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.

🏛 Financial Regulators
  • HKMA (Hong Kong)
  • FINRA (United States)
  • FMA (New Zealand)
  • FSAS (Seychelles)
📍 Year Founded
2017 2014
💳 Minimum Deposit
€, £, $ - 0 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
💵 Account Base Currencies
1 - USD 9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
EU, UK, CA, JP, IN, IR, MY, ZA, AU. US, CA, SY, IR.
📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
No Yes
Assets
📚 Available Assets

Real stocks, ETFs and cryptocurrencies

  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
10,000+ real stocks from 5 exchanges worldwide 23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
0 64
📗 Commodities
0 15
📕 Indices
0 13
📔 ETFs
2400+ Real ETFs N/A
💸 Cryptocurrencies
20 8
📒 Bonds
0 N/A
📓 Options
Several Option Chains N/A
📗 Futures
N/A N/A
📝 Notes:
WeBull is mostly dedicated to U.S client and does not provide CFDs. All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$5 N/A
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies by cryptocurrency N/A
📉 Minimum FX Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies per Option contract N/A
💪 Retail Leverage
1:4 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes (only for share trading)
📱 Android App
Yes Yes (only for share trading)
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
No Yes (MT4 & 5)
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes (only for share trading)
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

💰 Commissions
Zero
  • ECN Standard has no fees.
  • ECN PRIME has a $6 commission per lot round turn

In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

Spreads
📈 EUR/USD
N/A From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - Market spreads From 5.5 Pips
📈 GOLD
N/A From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - Market spreads Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market spreads Dynamic - Market spread
📉 BTC
Dynamic - Market spreads N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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