Webull
XM
Basic data of broker
Recommended for Investors and traders looking for zero-commission trading and easy platforms
Best broker for IPO
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
USA, Hong Kong and Macao
Cyprus
Fees
Commission-free stock and ETF trading, low non-trading fees
Average trading and non-trading fees, low CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
10
Deposit type
Withdrawal type
Account opening
$0
$5
1 day
1 day
Proof of identity: SSN / passport / national ID card / driver's license/tax identification number
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Mid-range
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000) for US customers, and HKD 500,000 for securities and HKD 0 for cash in Hong Kong and China
€20,000 for EEA residents, no protection for others
2017
2009
USA, Hong Kong
Cyprus, Australia, Belize, United Arab Emirates
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Webull's service is on par with XM's and a comparison of their fees shows that Webull's fees are slightly lower than XM's.
Account opening takes about the same effort at Webull compared to XM, deposit and withdrawal processes are considerably more complicated at Webull, while customer service quality is lower than XM's.
Our experts rated the trading platform of Webull as better than the platform of XM, found that clients have access to about the same number of markets and products with Webull, while XM provides just about the same quality of research and education.