Freedom24 vs Webull — which broker is better?

Pros

• Smart tariff of EUR 2 per order plus EUR 0.02 per share works out at about 0.06% on a EUR 5,000 order of 50 shares
• US options at USD 0.65 per contract undercuts most European brokers and matches US discount pricing
• Roughly one million tradable instruments across 15 venues, including 145,000 bonds and Hong Kong listings
• No custody fee, no account-maintenance fee and no inactivity fee on either retail tariff
• D-account accrues daily interest on idle cash, benchmarked to EURIBOR in euros and SOFR in dollars
• Nasdaq-listed parent (FRHC) files audited accounts with the SEC — more disclosure than most private EU brokers offer
• Free demo terminal before funding, no minimum deposit, and account opening in under 15 minutes

Cons

• EUR 7 per bank withdrawal plus 0.65% (minimum EUR/USD 2) on card withdrawals — 1.4% of a EUR 500 payout
• No fractional shares, which rules out small monthly contributions into high-priced stocks
• Moving out is charged at EUR/USD 100 per outgoing securities transfer, and at 5% of the transferred value (minimum EUR/USD 100) where the holdings were delivered by MT599 within the previous six months — the single most expensive line in the schedule
• Client-facing regulation is CySEC (tier 2) with EUR 20,000 investor compensation, not a top-tier licence
• Settled a EUR 50,000 AML case with CySEC in July 2023, and the parent carries a speculative-grade S&P rating
• Per-share pricing turns expensive on big share counts: a 1,000-share order costs EUR 22 on the Smart plan

Pros

• USD 0 commission on US-listed stocks, ETFs and equity options, with no per-contract fee — index options are the only equity-derivative exception at USD 0.50 per contract
• A real desktop terminal for Windows, macOS and Linux, with multi-monitor layouts, depth-of-market and a script editor — rare at this price point
• Publicly listed on Nasdaq as BULL since April 2025, so financials and risk disclosures are in the public record
• Free paper trading with the same charts and order tickets as the live account, which makes the options approval process much less punitive
• Futures on CME and Coinbase Derivatives at a reported USD 1.25 per side (E-mini) and USD 0.25 per side (micro), plus fixed income at a 0.1% principal mark-up
• Six top-tier licences across the group — SEC/FINRA, CFTC/NFA, FCA, ASIC, MAS and the Dutch AFM
• No account maintenance fee and no minimum deposit; ACH in and out is free

Cons

• Customer support is the standing complaint: Trustpilot sits at roughly 1.3–1.4 out of 5, with transfers and account access the most common themes
• Crypto costs a 1% spread on each side — about 2% round trip — which is expensive next to a dedicated exchange
• Margin rates are not published on the public pricing page and start around 8.74% at the standard tier, well above brokers such as Public.com
• USD 75 to transfer your securities out, and 1.75% to withdraw to a debit card
• A 2023 FINRA settlement over options-approval due diligence and complaint handling is on the record
• No spot forex, no CFDs, no traditional mutual fund supermarket, and non-US clients get a materially different product depending on which entity they land in