Head to head
Futubull vs Webull — which broker is better?
Futubull or Webull? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
Futubull
Futu's Hong Kong home platform: Hong Kong shares without commission (but with an HKD 15 platform fee), rich market data and one account for many markets — for Hong Kong residents.
- Stocks (per order)
- HK$15
- Minimum deposit
- HK$10,000
- 5,000 order
- €1.80
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Webull
A desktop-grade trading terminal wrapped in a zero-commission app — with a support desk that lags badly behind the software.
- Stocks (per order)
- Free
- Minimum deposit
- None
- 5,000 order
- €0
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
The verdict in numbers
Four decision axes, each derived from the recorded data.
Overall both land on 4.1 out of 5. Webull is the cheaper of the two: a reference EUR 5,000 stock order costs €0.00 there against €1.80. Webull scores 86 against 74 out of 100 on the group index. Your account's protection depends on its legal entity. Futubull covers more ground with 11 of 14 asset classes against 9. We rate platform and app at 4.5 out of 5 for both. Which one is right depends on which of these axes matters for your trading profile.
- Futubull
- 4.1
- Webull
- 4.1
- Futubull
- €1.80
- Webull
- €0.00 — Better
- Futubull
- 74 of 100
- Webull
- 86 of 100
- Futubull
- 11/14 — Better
- Webull
- 9/14
- Futubull
- 4.5
- Webull
- 4.5
Compare brokers side by side
Up to four brokers at once — every row a decision point.
Data as of: 02 Nov 2026
| Criterion | Futubull 4.1 Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. | Webull 4.1 Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. |
|---|---|---|
| Overall score | 4.1 | 4.1 |
| Group index | 74 of 100 | 86 of 100 |
| Best for | Hong Kong residents trading HK and US sharesActive traders using Level 2 dataOne account for many marketsHong Kong IPO subscribers | US options tradersChart-driven active tradersMobile-first investorsFutures beginnersPaper-trading practice |
| Regulation | SFC | FINRACFTC/NFAFCAASICMASAFM |
| Top-tier licences | 1 | 6 — Better |
| Investor protection | HK$500,000 | US$500,000 — Better |
| Listed group | Yes | Yes |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | No | No |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | 1 | 1 |
| Founded | 2012 | 2016 |
| Headquarters | Hong Kong, HK | Saint Petersburg, Florida, US |
| Fees | 3.8 | 4.5 — Better |
| Safety & regulation | 4.0 | 4.2 — Better |
| Trading platform | 4.5 — Better | 4.4 |
| Product range | 4.4 — Better | 3.4 |
| Mobile app | 4.5 | 4.6 — Better |
| Research | 4.4 — Better | 3.6 |
| Customer support | 4.0 — Better | 2.7 |
| Deposit & withdrawal | 4.3 — Better | 3.8 |
| Account opening | 3.9 | 4.6 — Better |
| Education | 4.0 — Better | 3.3 |
| Reference order EUR 5,000 | €1.80 | €0.00 — Better |
| Minimum deposit | HK$10,000 | None — Better |
| Stocks (per order) | HK$15 | Free |
| US stocks | US$0.0099/share | Free |
| ETFs | HK$15 | Free |
| Options | US$0.95 | Free — Better |
| Futures | HK$13 | US$1.25 — Better |
| Crypto | 0.16 % | in the spread |
| Bonds (order) | 0.04 % — Better | 0.1 % |
| Funds (order) | Free | n/a |
| EUR/USD spread | n/a | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | n/a | n/a |
| Inactivity fee | HK$10 · after 24 months | n/a |
| Custody fee | n/a | n/a |
| Withdrawal fee | free | free |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 11 — Better | 9 |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Forex | Yes | No |
| CFDs | No | No |
| Crypto | Yes | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Warrants | Yes | No |
| Spread betting | No | No |
| Social trading | No | No |
| Crypto access | Broker, real coins; coins to your own wallet: only for certain coins | Broker, real coins; coins to your own wallet: not possible according to the provider |
| Platforms | Futubull mobile appFutubull desktop (Mac and Windows)Futu OpenAPI | Webull DesktopWebull mobile appWebull WebWebull OpenAPITradingView integration |
| Demo account | Yes | Yes |
| Fractional shares | Yes | Yes |
| Maximum leverage | Margin accounts for Hong Kong, US, China A-share, Japanese, Singapore and Korean shares with unified buying power across stock markets; Futu's margin page… | 1:4 |
| Account opening | Online in the Futubull app: identity and address documents, an audio risk disclosure by a licensed representative and an e-signature, then a transfer of at least HKD 10,000 or USD 1,500 from your own Hong Kong bank account; Futu reviews applications within 1–2 working days. Alternatively in person at the Admiralty head office, by a witnessed appointment in Hong Kong or by cheque | Minutes to apply; most accounts are approved and funded within one business day |
| Account types | Universal account (cash)Universal account (margin)Crypto accountCorporate account | Individual cash accountIndividual margin accountIRA (Traditional, Roth, Rollover)Futures account (Webull Futures LLC) |
| Payment methods | Bank transferCheque | Bank transferDebit card |
| Account currencies | HKDUSDJPY | USD |
| Deposit time | eDDA and Bank-Securities Transfer usually within 5 minutes and FPS within 2 hours on Hong Kong trading days; interbank online transfers 1–3 trading days; transfers from banks outside Hong Kong an estimated 3–5 trading days | ACH instant to 3 business days; wires same or next business day |
| Withdrawal time | Bank-Securities Transfer within 5 minutes on trading days; other Hong Kong banks the same day if requested before 11:00; Futu remits to banks outside Hong Kong within 1–2 business days | 1–3 business days by ACH; same day by wire |
| Free withdrawals | n/a | n/a |
| Languages | ChineseEnglish | EnglishChinese |
| Channels | PhoneLive chatBranch | PhoneEmailLive chat |
| Availability | Hotline and live chat 24 hours on trading days, 09:30–21:30 on weekends and public holidays (Hong Kong time) | In-app chat and email around the clock; US phone line during business hours |
Strengths and weaknesses side by side
Editorial assessment based on the recorded data.
Futubull
Futu's Hong Kong home platform: Hong Kong shares without commission (but with an HKD 15 platform fee), rich market data and one account for many markets — for Hong Kong residents.
Pros
- SFC-licensed for seven regulated activities (CE AZT137, types 1, 2, 3, 4, 5, 7 and 9) under a Nasdaq-listed parent, Futu Holdings (FUTU)
- No commission on Hong Kong shares under Futu's commission-free offer; on the default fixed plan each order costs an HKD 15 platform fee
- One universal account for Hong Kong, US, China Connect and Japanese shares, plus Singapore and Korean stocks, options, futures and leveraged FX; funds, bonds and spot crypto (in a separate crypto account) in the same app
- Free Level 1 quotes for Hong Kong shares and free Level 2 quotes for US shares, analyst ratings, an institutional tracker and a screener with 100+ indicators
- Fast, free HKD funding: eDDA and Bank-Securities Transfer usually credit within 5 minutes, FPS within 2 hours
- Hotline and live chat 24 hours on trading days, plus 13 physical service locations in Hong Kong
- Paper trading, fractional shares and regular savings plans from USD 10 (US) or HKD 1,000 (Hong Kong)
Cons
- Aimed at Hong Kong residents: online opening needs a Hong Kong bank account and at least HKD 10,000 (or USD 1,500); residents elsewhere are referred to customer service
- US shares are not commission-free: USD 0.0049 per share commission plus USD 0.005 per share platform fee, with USD 0.99 and USD 1.00 minimums and a USD 0.003 settlement fee per share
- Expensive exits: HKD 500 per Hong Kong stock and USD 150 per US stock to transfer out, and HKD 500 to close an account within 180 days
- A dormant-account fee of HKD 10 a month after two years without activity, and a 0.2% collection fee on Hong Kong cash dividends (minimum HKD 30 where the dividend net of the registration fee exceeds HKD 60)
- Investor compensation is capped at HKD 500,000 per person for securities, and Futu's SIPC statement for US shares does not name the SIPC member that holds them
- In 2022 China's CSRC issued an announcement on Futu's cross-border operations in mainland China; citing the CSRC's rectification requirements, Futu removed the Futubull app from mainland app stores in 2023
Best for
Webull
A desktop-grade trading terminal wrapped in a zero-commission app — with a support desk that lags badly behind the software.
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 interest is a flat 8.74% at the standard tier whatever the balance, well above brokers such as Public.com; the lower tiered rates need a Premium subscription
- 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
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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