eToro vs Webull: Overview and trading products

BlogJanuary 11, 2022

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Are you a new investor? Or are you already in the financial markets and looking for a new exchange? On the market today, many good brokers can help you achieve your dream of getting rich. This article will compare the two exchanges, eToro vs Webull. Have you heard of or used either of these exchanges? Please refer to the article below of Investiki for more trading options.

eToro vs Webull: Introduction of the two brokers

eToro vs Webull: Overview and trading products
Webull is easy to use, with straightforward and intuitive navigation

eToro: eToro is an online brokerage company founded in 2007 by Ronen Assia, Yoni Assia, and David Ring. This broker is recognized by many major financial institutions such as CySEC, FCA, AMF, ASIC, FSCS, ICF … This broker attracts more than 12 million users in more than 150 countries. It can be considered as the pioneer in online brokers.

Etoro uses a web-based trading platform. This simple trading platform exploded in 2010 and created the leading trading social network. Etoro’s trading platform has attracted many investors who have invested up to 160,000,000 USD.

Through copying tools, beginner investors can copy trades made by experts. The CopyPortfolios and CopyTrader tools allow new investors to have a lot of trading success. Even if they are completely inexperienced in this field

Webull: This is a US-based Fintech startup that offers free or discounted brokerage services. The company was incorporated in 2017 and is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull is easy to use, with straightforward and intuitive navigation. Webull has a website, a desktop, and a mobile app, all equally beautifully designed. The platforms share a modern look and feel because they were recently developed.

The Webull exchange has now attracted more than seven million users worldwide.

Trading products of eToro and Webull

Trading products on eToro

eToro vs Webull: Overview and trading products
Users can invest in more than 2,000 different stocks on eToro

1. Stocks

Users can invest in more than 2,000 different stocks on eToro. Users will not be charged a commission when trading shares on the platform. You can find all those stocks at the largest stock exchanges in the world. For example is London, New York, Madrid, Frankfurt, Paris, Hong Kong, Zurich, and many more. The volatility of the stock market is desirable to investors.

2. Forex or currency pairs on eToro

The forex market is always very active, with a daily trading volume of up to $5 trillion. eToro offers its users the opportunity to trade no less than 50 currency pairs. Investors can find both famous and less popular currency pairs.

3. Cryptocurrencies

Recently, cryptocurrency has been an investment opportunity not to be missed. eToro offers investors more than 20 of the most popular virtual currencies to pursue their investment passions.

Users may note that you can buy cryptocurrencies directly or invest in CFDs. In particular, we can store virtual currencies in our electronic wallets.

4. Types of ETFs available on eToro

At eToro, you can invest in over 250 ETFs. An Exchange Traded Fund is a financial asset issued by a bank or government to generate profits for investors.

5. Stock market indices

eToro allows users to trade at least 13 stock market indices in specific sectors of the stock market.

6. Commodities

eToro offers commodity trading to help diversify investors’ portfolios.

Webull’s trading products

eToro vs Webull: Overview and trading products
Webull focuses on trading US Stocks and ETFs, US-listed options

Webull focuses on trading US Stocks and ETFs, US-listed options and offers US IRA and individual accounts only. The number of investment products of Webull may not be as diverse as many exchanges today. But the products of this exchange are enough to satisfy young investors. This object does not focus too much on a fixed income. Webull does not offer futures contracts or traditional forex trading. The investment products currently available at this exchange are as follows:

1. Stocks / ETFs

Users can buy or sell more than 2000 stocks and ETFs on Webull.

Webull does not currently offer investment products in mutual funds and bonds. This will be a downside for investors interested in saving for retirement in an IRA.

2. US-listed options on stocks and ETFs.

Webull offers investors the opportunity to trade options. This broker also warns you about the risks and asks customers to sign up to become options traders.

To trade options, users have to answer a few questions related to options. But even if you are a new trader, registration will be approved immediately.

3. Cryptocurrencies

Currently, Webull provides users with 45 cryptocurrencies to trade and conquer this good trading product.

4. Currency pairs

Currently, the exchange only offers users the to trade 11 major currency pairs. For example, EURUSD, GBPUSD, AUDUSD…

Investiki.com

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