Webull vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Webull

FP Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Self-directed retail brokerage platform

ECN broker

Years of Existence / Established Year

2017

2005

Customer Base / Number of Accounts

20 Million

No information

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

ASIC, CySEC, FSCA, FSA, SVG

Awards Won (count for the last 2 years)

2024 Global Private Banking Awards

Best CFD Broker - Africa, Best Trading Experience - Africa, Most Trusted Broker in 2023, Best Price Execution in 2024, Most Transparent Broker and Best Trading Conditions in 2024.

Security Measures

SIPC, FIDC, Apex Clearing Corp upto $150 million

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

3,300 ETFs including OTC, Margin, Index options, US treasuries bonds

10,000+ trading instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Desktop, Web, and Mobile apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual, IRA, Futures, Advisor, Entity

Forex account - Standard and raw MT4-MT5 account, Islamic forex account - Raw account and standard MT4-MT5 account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

Leverage Available

4:1 to 2:1

500:1

Trade Limit (maximum per trade)

Unlimited number of day trades

Depends on the asset type

Commission (per account type)

Best Suited For (e.g., beginners, experienced traders)

Beginners, Active and passive investor

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Withdrawal Methods

ACH withdrawals

Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker

Other E-Wallets Supported

Skrill, Neteller, Asia bank, Stic Pay, Fasa pay, Virtual Pay, Rupee pay, Rapyd, Perfect Money, Crypto payment, Dragon Pya, Rapid transfer

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Trading Education, Market News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research

Trading courses, Live webinars, Podcasts, Trading guides, Platform tutorials, Ebooks, Trading glossary

Fees & Commissions

Trading-Related Fees

Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume

Forex- 3.50, Metals -3.50, Commodities- built into spread, Indices- Built into spread

Spread (typical, fixed, variable)

Variable

Typical

Per Lot Fees

Options Contract Fees

$0.10 per contract

Futures Contract Fees

$1.50

Markup Fees on Spread

1.50%

Guaranteed Stop Loss Fees

Maximum Leverage

4:1

500:1

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

$70

Swap Fees (Overnight Financing)

Long- $5.79, short- $2.59

Statement or Document Fee

$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing

Account Opening Fee

Account Maintenance Fee

Deposit Fee

$8 for deposits in the U.S., $12.5 for international deposits

Currency Conversion Fee

$10

Starts from 0.06 to 0.30 %

Withdrawal Fee

$25 for withdrawals in the U.S, and $45 for international withdrawals

Upto $50

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Pre-market trading from 4:00 AM to 9:30 AM EST

Depends on the instrument offer

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

Customer Support Methods (phone, email, live chat)

E-mail: [email protected], call :1-888-828-0618, in app chat

Phone: Toll-free: +44 28 2544 7780, E-mail: [email protected], Live chat

Support Languages

15+

12+

Additional Information

Headquarters Location

44 Wall Street, New York City

Sydney,Australia

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Both Webull and FP Markets offer affordable fee structures, but Webull generally edges out with no inactivity fees and lower commissions on standard trades, whereas FP Markets shines with bundled research and platform access.

Creating an account with Webull is generally faster and more user-friendly, often taking just a few minutes, while FP Markets requires more detailed steps and identity verification, which may suit more cautious investors.

Webull provides a modern trading experience with its proprietary platform, ideal for technical traders. FP Markets, on the other hand, offers more research tools and is better suited for data-driven investors.

For market veterans, Webull brings the tools they need. New investors might find FP Markets more approachable and cost-effective.

Explore More Broker Matchups

Here are more Comparisons to help you choose wisely

Compare Webull and Ally Invest

Compare Webull and Interactive Brokerss

Compare Webull and Pepperstone

Compare FP Markets and Firstrade

Compare FP Markets and Exness

Compare FP Markets and Fidelity

Our Latest Contents

Stay updated with our newest insights and guides!

Top Broker Reviews

Discover brokers trusted by global traders.

Select Your Brokers to Compare