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

Broker Name

Webull

HFM

Broker Overview

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

Self-directed retail brokerage platform

Market maker broker

Years of Existence / Established Year

2017

2010

Customer Base / Number of Accounts

20 Million

2500000 clients

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FSC, CySEC, DFSA, FCA, ISA, FSCA, MAS, CMA, FMA

Awards Won (count for the last 2 years)

2024 Global Private Banking Awards

Best Global Affliiate Programs 2024, Best Trading Accounts Global, Best Stock Broker 2023, Best Trading Platform Broker

Security Measures

SIPC, FIDC, Apex Clearing Corp upto $150 million

Civil Liability insurance program with a limit of €5,000,000

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

Over 500 markets including energies

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

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Desktop, Web, and Mobile apps

HFM Platform, Web trading, Mobile trading

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Individual, IRA, Futures, Advisor, Entity

Cent, Zero, Pro , Premium, Corporate, Joint account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

Leverage Available

4:1 to 2:1

1:1000- 1:2000

Trade Limit (maximum per trade)

Unlimited number of day trades

60/ 200 Standard lots per position depends on account types

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

Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets

Withdrawal Methods

ACH withdrawals

Bank Transfers, Wire transfers, Credit/Debit cards,Crypto, e-Wallets

Other E-Wallets Supported

FasaPay, Neteller

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

Webinars, eBooks and Guides, Video Tutorials

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

Spread: starts from 0.0- 1.2 pips, commissions: $0.03 per 1k lot, Commission for Forex: $0.03 - $3, gold: $7- $14

Spread (typical, fixed, variable)

Variable

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

34:20:00

Non-Trading Fees

Dormant Fees

$10 inactive for 90 days

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

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

Withdrawal Fee

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

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

Varies by instrument

Customer Support

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

24/7

24/5

Customer Support Methods (phone, email, live chat)

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

Live support: Available 24/5, Email : [email protected], Phone: +44-203 097 85 71

Support Languages

15+

27+

Additional Information

Headquarters Location

44 Wall Street, New York City

financial hub of Limassol, Cyprus

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.

Webull stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, HFM offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Webull uses a digital-first onboarding approach with clear instructions and fast ID verification. HFM goes a step further with manual checks and optional account tiers, ideal for serious professionals.

While Webull focuses on mobile-first design and clean user experience, HFM includes features like in-depth charting, integrated news feeds, and strong desktop performance.

Webull supports complex strategies and asset diversity, while HFM offers clarity and low-cost access for long-term holders.

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