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

Broker Name

Webull

Webull

VS
Spreadex

Spreadex

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Broker Overview

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

Self-directed retail brokerage platform

STP

Years of Existence / Established Year

2017

1999

Customer Base / Number of Accounts

20 Million

60,000+ traders


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Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FCA

Awards Won (count for the last 2 years)

2024 Global Private Banking Awards

Best Spread Betting Broker - by Good Money Guide Awards 2024 Best Mobile Trading App 2024 - ADVFN International Financial Awards

Security Measures

SIPC, FIDC, Apex Clearing Corp upto $150 million

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

No

Yes


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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 assets

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

No

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

No

Futures

Yes

No

Bonds

Yes

Yes

Mutual Funds

Yes

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

No

No

Copy Trading

Yes

No

Other Trading Platforms (proprietary, etc.)

Desktop, Web, and Mobile apps

Spreadex TradingView

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

Individual, IRA, Futures, Advisor, Entity

Spread betting Financial trading

Demo Account (Yes/No)

Yes

No

Islamic Accounts (Yes/No)

Yes

No

Minimum Deposit

$0

€0

Leverage Available

4:1 to 2:1

30:1

Trade Limit (maximum per trade)

Unlimited number of day trades

Varies by instrument

Commission (per account type)

$0

€2.50 per lot

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

Beginners, Active and passive investor

Only experienced


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Deposit & Withdrawal Options

Deposit Methods

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

Easy Bank transfer UK Debit cards Credit card E-wallets

Withdrawal Methods

ACH withdrawals

Bank Transfer Credit / Debit Cards

Other E-Wallets Supported

No

Apple Pay


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Tools & Educational Resources

Economic Calendar

Yes

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

Customisable platform 35+ technical indicators Price alerts


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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 0.6 pips

Spread (typical, fixed, variable)

Variable

Variable

Per Lot Fees

NA

NA

Options Contract Fees

$0.10 per contract

NA

Futures Contract Fees

$1.50

NA

Markup Fees on Spread

1.50%

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

4:1

30:1


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Non-Trading Fees

Dormant Fees

$0

1 per month

Subscription Fees (for premium features, data feeds)

NA

€0

Advisory Fees

NA

€0

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

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

€0

Account Opening Fee

$0

€0

Account Maintenance Fee

$0

€0

Deposit Fee

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

€0

Currency Conversion Fee

$10

Info not available

Withdrawal Fee

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

€0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

No

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

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

Monday: 24 hours Tuesday: 24 hours Wednesday: 24 hours Thursday: 24 hours Friday: 00:00 to 21.15 Saturday: Closed Sunday: 21:00 to 00:00Out of Hours trading: US stock market between 2:30pm to 9pm


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Customer Support

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

24/7

7 days a week 8:00am to 5:30pm

Customer Support Methods (phone, email, live chat)

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

Financial Desk: 08000 526 570 +44 (0) 727 895 151General Enquiries: +44 (0) 727 895 000E mail: [email protected]

Support Languages

15+

1


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Additional Information

Headquarters Location

44 Wall Street, New York City

Churchill House, Upper, Marlborough Road, St Albans, Hertfordshire, AL1 3UU

Complaints (for crypto brokers)

No

No


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, Spreadex offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
Account approval at Webull is usually completed within hours, often with automated ID checks. Spreadex might take longer due to manual reviews, but provides in-depth onboarding support along the way.
Webull platform is great for fast-paced day trading, especially with features like one-click trading. Spreadex platform, by comparison, is built for strategy testing and long-term portfolio management.
If you're after professional-grade platforms, Webull may be ideal. For casual investors, Spreadex offers a low-barrier entry.