Head to head
Tiger Brokers vs Webull — which broker is better?
Tiger Brokers 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.
Tiger Brokers
A Nasdaq-listed multi-market app broker licensed in Singapore, Hong Kong and Australia, with a long product list and a regulatory record in mainland China that belongs in the decision.
- Stocks (per order)
- 0.06 %
- Minimum deposit
- None
- 5,000 order
- €3
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 €3.00. Webull scores 86 against 78 out of 100 on the group index. Your account's protection depends on its legal entity. Tiger Brokers covers more ground with 10 of 14 asset classes against 9. On platform and app Webull is ahead, 4.5 against 4.4 out of 5. Which one is right depends on which of these axes matters for your trading profile.
- Tiger Brokers
- 4.1
- Webull
- 4.1
- Tiger Brokers
- €3.00
- Webull
- €0.00 — Better
- Tiger Brokers
- 78 of 100
- Webull
- 86 of 100
- Tiger Brokers
- 10/14 — Better
- Webull
- 9/14
- Tiger Brokers
- 4.4
- Webull
- 4.5 — Better
Compare brokers side by side
Up to four brokers at once — every row a decision point.
Data as of: 02 Nov 2026
| Criterion | Visit broker 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 | 78 of 100 | 86 of 100 |
| Best for | Singapore investors using CDP, CPF or SRSMulti-market stock and options traders in Asia-PacificHong Kong residents who want stocks and crypto in one appFutures traders on CME, HKEX and SGX | US options tradersChart-driven active tradersMobile-first investorsFutures beginnersPaper-trading practice |
| Regulation | MASSFCASIC | FINRACFTC/NFAFCAASICMASAFM |
| Top-tier licences | 3 | 6 — Better |
| Investor protection | US$500,000 | US$500,000 |
| 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 | 2 | 1 |
| Founded | 2014 | 2016 |
| Headquarters | Singapore, SG | Saint Petersburg, Florida, US |
| Fees | 4.0 | 4.5 — Better |
| Safety & regulation | 3.9 | 4.2 — Better |
| Trading platform | 4.3 | 4.4 — Better |
| Product range | 4.3 — Better | 3.4 |
| Mobile app | 4.4 | 4.6 — Better |
| Research | 4.0 — Better | 3.6 |
| Customer support | 3.6 — Better | 2.7 |
| Deposit & withdrawal | 4.0 — Better | 3.8 |
| Account opening | 4.3 | 4.6 — Better |
| Education | 3.6 — Better | 3.3 |
| Reference order EUR 5,000 | €3.00 | €0.00 — Better |
| Minimum deposit | None | None |
| Stocks (per order) | 0.06 % | Free |
| US stocks | US$0.01/share | Free |
| ETFs | 0.06 % | Free |
| Options | US$0.65 | Free — Better |
| Futures | US$2.99 | US$1.25 — Better |
| Crypto | 0.05 % | in the spread |
| Bonds (order) | 0.12 % | 0.1 % — Better |
| 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 | n/a | n/a |
| Custody fee | None | n/a |
| Withdrawal fee | free | free |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 10 — Better | 9 |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Forex | No | 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 | Tiger Trade appTiger Trade desktopTiger Open Platform (API) | Webull DesktopWebull mobile appWebull WebWebull OpenAPITradingView integration |
| Demo account | Yes | Yes |
| Fractional shares | Yes | Yes |
| Maximum leverage | 1:4 | 1:4 |
| Account opening | Fully online in the Tiger Trade app or on the website; Singpass in Singapore (accounts opened within 1–3 business days); in Hong Kong the initial deposit must come from a Hong Kong licensed bank account for verification | Minutes to apply; most accounts are approved and funded within one business day |
| Account types | Cash account (Singapore)Margin account (Singapore)Cash Boost Account (Singapore)Demo accountVirtual asset account (Hong Kong) | Individual cash accountIndividual margin accountIRA (Traditional, Roth, Rollover)Futures account (Webull Futures LLC) |
| Payment methods | Bank transferWise | Bank transferDebit card |
| Account currencies | SGDUSDHKDAUDEUR | USD |
| Deposit time | Singapore: SGD by DDA from DBS/POSB in about 5 minutes; SGD by FAST from 15 minutes during business hours; other currencies 1–2 business days; from banks outside Singapore 1–3 business days | ACH instant to 3 business days; wires same or next business day |
| Withdrawal time | Singapore: review of 1–2 business days, then 1–3 business days by FAST, MEPS, FPS or telegraphic transfer | 1–3 business days by ACH; same day by wire |
| Free withdrawals | n/a | n/a |
| Languages | EnglishChinese | EnglishChinese |
| Channels | PhoneEmailLive chatWhatsApp | PhoneEmailLive chat |
| Availability | Singapore: phone weekdays 08:30–18:30 SGT, online chat and WhatsApp weekdays 08:30 to 05:00 the next day. Hong Kong: phone weekdays 09:30–18:30 HKT, online chat weekdays 09:30 to 05:00 the next day | 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.
Tiger Brokers
A Nasdaq-listed multi-market app broker licensed in Singapore, Hong Kong and Australia, with a long product list and a regulatory record in mainland China that belongs in the decision.
Pros
- At Tiger Brokers Singapore, one Tiger Trade account reaches US, Hong Kong, Singapore, China A-share (Stock Connect) and Australian stocks, plus US and HK options, futures, US Treasuries and over 1,500 funds
- Low SGX pricing at Tiger Brokers Singapore: 0.03% commission plus a 0.03% platform fee (minimums SGD 0.99 and SGD 1), and the SGD 2 quarterly SGX custody fee is waived until further notice
- Licensed group companies in Singapore (MAS), Hong Kong (SFC, CE BMU940) and Australia (ASIC, AFSL 300767) under a Nasdaq-listed parent (TIGR)
- Singapore-specific features: the Cash Boost Account with CDP, CPF and SRS linkage, Singpass onboarding and no minimum deposit
- Free US Level 2 data (NYSE ArcaBook) and a free demo account with USD 1 million in virtual funds
- Auto-invest from USD 2 in US stocks and ETFs, HKD 500 in HK stocks and SGD 100 in SGX stocks, daily to monthly (SGX plans on the 1st and 15th of each month)
- Hong Kong clients can trade BTC, ETH, SOL, AVAX and LINK as retail investors under the SFC licence, with on-chain deposits and withdrawals for BTC and ETH (USDT for professional investors only)
Cons
- China's CSRC Beijing Bureau imposed penalties and confiscations of about RMB 411 million (about USD 59.7 million) on group subsidiaries on 22 May 2026, after an earlier CSRC finding of unlicensed cross-border business reported in January 2023
- US shares are not commission-free in Singapore: USD 0.005 per share commission plus USD 0.005 per share platform fee (minimums USD 0.99 and USD 1 per order) plus a USD 0.003 per share settlement fee
- The New Zealand company is registered as a client money and property service provider but states that it is not licensed by a New Zealand regulator
- Prices, products and protection differ by entity, and some advertised prices (the HK commissions for targeted participants, the US option coupon plan) are time-limited promotions or need activation
- Moving holdings out of Tiger Brokers (HK) costs USD 150 per US stock and HKD 500 per Hong Kong stock, and neither the Singapore nor the Hong Kong pages we read state what currency conversion costs
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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