Amega vs Webull

Amega or Webull – which is better for UK traders 2024? Compare Amega and Webull in this detailed breakdown of their platforms, features and fees.

Amega vs Webull Comparison Table 2024
Amega Webull
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3
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4.4
Amega is ranked #87 among CFD brokers. Webull is ranked #45 among UK brokers.
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Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account. Webull is a multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.
Pros
  • Flexible payment options include crypto and international banking options
  • Competitive commission-free trading with spreads from 0.8
  • Full range of investments including cryptocurrencies
  • Low minimum deposit for beginners at $20
  • Swap-free Islamic trading profiles available
  • Free demo account
  • The Smart Advisor tool facilitates a more hands-off approach to investing, with low minimum investments and automatic rebalancing
  • The $0 minimum deposit and availability of fractional shares make broker highly accessible for beginners and those on a budget
  • The flagship charting platform offers comprehensive analysis tools including 60+ indicators, plus deep fundamental data
  • Webull maintains its strong reputation, with regulation by in the US and UK and a clean track record
  • Webull is a low-cost broker, offering commission-free trading on many assets and zero inactivity fees
  • Alongside the investment account, the broker offers IRAs for those with long-term financial goals
  • The broker offers free stocks to newly registered investors
Cons
  • The broker is not regulated by a trusted financial authority
  • Only one platform is available with limited educational materials
  • No MetaTrader 4 integration
  • Copy trading not available
  • Costly withdrawal fees
  • There are relatively high deposit and withdrawal fees for non-US residents, including a $45 charge for international wire withdrawals
  • There’s a narrow range of payment methods available compared to competitors, with just ACH, ACATS and wire transfers available
  • There’s only one platform on offer, with no additional third-party tools
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
CFDs, Forex, Shares, Indices, Commodities, Cryptos Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
0.01 Lots 0.00001 (Fractional Share)
Regulator
SEC, FINRA, FCA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
Margin Rate
5.49% - 9.49%
MetaTrader 4
No No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MT5
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5 $0
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
Commodities
  • Corn
  • Wheat
  • Sugar
  • Soybeans
  • Cocoa
  • Coffee
  • Gold
  • Silver
  • Palladium
  • Platinum
  • Oil
  • Gasoline
  • Natural Gas
CFD
Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers.
Leverage
1:1000 1:4
FTSE Spread
From 0.8 pips
GBPUSD Spread<
From 0.8 pips
Oil Spread
From 0.8 pips
Stocks Spread
From 0.8 pips $0
Forex
Trade 70+ major, minor and exotic forex pair CFDs with up to 1:1000 leverage, no commission fees and competitive spreads from 0.8 pips. FX trades can also be executed via the reliable and fast MetaTrader 5 software. Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash.
Assets
70+ 15+
GBPUSD Spread
From 0.8 pips 0.4
EURUSD Spread
From 0.8 pips 0.2
EURGBP Spread
From 0.8 pips 0.4
Cryptocurrency
Trade popular digital tokens against fiat currencies. Go long or short on Bitcoin and get 24/7 instant cashback when you trade in high volumes. However, traders looking for low-cap tokens should look at alternative brokers. Webull offers trading on 8 popular cryptos through its Webull Pay app, including Bitcoin, Litecoin and Shiba Inu. The broker charges a 100bps (basis points) markup on the price, although there is no minimum equity requirement or commission fee.
Spread
From 0.8 pips Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Amega Webull
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