Comparison of Webull vs ActivTrades [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theWebull vs ActivTrades comparison!

Your expert: Alejandro Borja

Webull

Your expert: Xavier Tarrasó

activtrades

ActivTrades

Main points

Fees

Low 4,8/5

Regulated

SEC, FINRA

Demo account

Yes
Low 3,8/5

Fees

FCA, CySEC

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

No

Buy and hold

No
Yes

Beginners

Yes

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

3.6 – Webull charges a spread of 1% on crypto trades, which is relatively high compared to some other brokers. However, the platform offers commission-free trading and a user-friendly experience .
3.8 – ActivTrades offers competitive spreads on crypto CFDs and no deposit or withdrawal fees for most methods. However, the commissions and overnight fees can add up .

Level

Low 4,8/5
Low 3,8/5

Brief explanation

Webull offers commission-free trading on its platform, making it an attractive option for cost-conscious investors. However, it charges a 1% spread on cryptocurrency trades, which is effectively the platform’s fee. This spread is relatively high compared to some other platforms, but it ensures that users do not face additional explicit trading fees. Webull does not charge for deposits and withdrawals made via ACH transfers, although wire transfers incur fees of $8 for deposits and $25 for withdrawals. Overall, Webull’s fee structure is straightforward and competitive for a platform offering commission-free trading .
ActivTrades charges competitive spreads on its cryptocurrency CFD trades, making it an attractive option for those looking to trade without high transaction costs. The platform’s spread is the primary cost, which varies depending on the cryptocurrency being traded. Additionally, ActivTrades imposes an overnight financing fee for positions held beyond a day, a standard practice among CFD brokers. The spread and overnight fees are key factors for traders to consider, as they can impact profitability, especially for long-term positions. The platform does not charge any deposit fees for most methods, although there are specific charges for credit/debit card deposits outside the UK and EEA. Withdrawal fees are also minimal, with free withdrawals via most methods except for some bank transfers, particularly in non-EEA regions. It’s important to note the £10 monthly inactivity fee for accounts that are dormant for over a year, which can add up if the account is not actively used .

Webull

ActivTrades

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

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Direct link to the website

Product selection

Native token

Webull does not have a native token.
ActivTrades does not have a native token.

Earns

Webull does not offer staking or other earning options for cryptocurrencies. It focuses on trading a limited number of digital assets .
ActivTrades does not offer options to earn with cryptocurrencies through staking or similar programs .

NFT marketplace

Webull does not have an NFT marketplace.
ActivTrades does not have an NFT marketplace.

Cripto/debit card

Webull does not offer a card for its clients .
ActivTrades does not offer a card for its clients .

Company information

Full name

Webull Financial LLC​​.
ActivTrades Plc​​.

Regulation

SEC, FINRA (USA)​​.
FCA (UK), CSSF (Luxembourg), SCB (Bahamas)​​.

Year founded

2017​​
2001​​

Founder

Anthony Denier
Alex Pusco​​

Payment methods

Transfers

Yes, Webull accepts bank transfers for both deposits and withdrawals .
Yes, ActivTrades accepts bank transfers for both deposits and withdrawals .

Mastercard

No, Webull does not accept Mastercard for deposits​​.
Yes, ActivTrades accepts Mastercard for deposits​​.

Wire transfer

Wise is not mentioned as a supported payment method .
Wise is not mentioned as a supported payment method .

Card

Information about Webull’s acceptance of credit/debit cards is not explicitly stated in the retrieved documents.
Yes, ActivTrades accepts credit/debit cards .

Comparative table

Webull Features ActivTrades
Webull has a low minimum trade requirement, making it accessible for all users, particularly beginners.
Minimum Trade
Minimum trade size is flexible, starting from 0.01 lots, making it accessible for all traders.
While Webull offers commission-free trading, the 1% spread on crypto trades is relatively high compared to other platforms.
Trading and Transaction Fees
Competitive spreads but high inactivity fees after a year of no trading.
Webull supports 11 different cryptocurrencies, providing a decent variety for users to choose from.
Number of Cryptocurrencies
Offers a decent selection of major and minor crypto CFDs, including Bitcoin and Ethereum.
The platform does not support trading cryptocurrencies directly against each other, limiting trading strategies.
Crypto-to-Crypto Trading Pairs
Limited pairs available; focus mainly on major cryptocurrencies.
The website provides clear and detailed information on fees and trading conditions, but the user experience and navigation could be improved.
Website Transparency
Comprehensive information available, but financial data is not publicly disclosed.
Webull does not offer a card for its clients .
Credit/Debit Card
ActivTrades does not offer a card for its clients .
Webull does not offer wallet services or the ability to transfer crypto assets off the platform, limiting control over assets.
Storage Offering
No actual crypto storage; trades are conducted via CFDs.
There are no staking or rewards programs available for crypto holders on Webull.
Staking and Rewards
No staking or reward programs available.
Webull’s mobile app and desktop platform are excellent, featuring advanced charting tools and a user-friendly interface.
Mobile App and Desktop
High-quality, user-friendly apps for both mobile and desktop trading.
Customer service is available through various channels, but phone support is lacking, and response times can be slow.
Customer Service
Responsive customer service via multiple channels, though not 24/7.
The process is easy, but limited to bank transfers, which can be slower and less convenient compared to other methods like credit/debit cards.
Deposit and Withdraw
Free deposits and withdrawals via several methods, but high fees for USD bank transfers.

Key features

Analysis tools

Webull provides advanced charting and screener tools, dozens of technical indicators, and in-depth charting features. They also offer educational resources and a mobile-first trading experience .
ActivTrades provides high-quality daily market analysis and offers the ActivTrader platform, which includes advanced charting tools, technical indicators, and mobile trading capabilities .

Mobile APP

Yes, Webull offers a highly rated mobile app that supports advanced features like charts, indicators, and paper trading .
Yes, ActivTrades provides mobile trading through the ActivTrader, MT4, and MT5 platforms, which are available for iOS and Android devices .

Security

Webull is regulated by the SEC and FINRA in the US, providing high investor protection levels. They offer SIPC insurance up to $500,000, including a $250,000 cash limit. However, they do not provide negative balance protection​​.
ActivTrades is highly regulated by top-tier authorities such as the UK’s Financial Conduct Authority (FCA), providing a high level of security. They offer negative balance protection and additional insurance up to £1 million per client through Lloyd’s of London​​.

Additional features

Webull offers cryptocurrency trading through their Webull Pay app, which supports eight cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The platform features a highly rated mobile app with advanced tools like charts and indicators. Webull provides competitive commissions and allows for fractional share trading, but lacks crypto-crypto trading pairs and wallet compatibility .
ActivTrades offers a variety of features for cryptocurrency trading. They support crypto CFDs, allowing users to trade major cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and many others without needing to deal with wallets or exchanges. The platform also includes high-quality daily market analysis, 24/5 customer support, and free webinars to enhance trading skills. Additionally, ActivTrades provides a VPS service for better trading efficiency and security .

Anonymity

Webull does not support anonymous accounts. Users must submit personal information and verification documents during the account opening process .
ActivTrades does not offer anonymous accounts. The account opening process requires personal details, financial information, and documents for identity verification, such as an ID or passport and a utility bill .

Key points

Available cryptocurrencies

Webull offers trading in cryptocurrencies but does not allow transfer of crypto assets on or off the platform. The available cryptocurrencies include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), and others totaling 11 different cryptocurrencies​​.
ActivTrades offers trading in cryptocurrency CFDs. The available cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Polkadot (DOT), EOS, Chainlink (LINK), Stellar (XLM), NEO, Cardano (ADA), Solana (SOL), Ripple (XRP), Binance Coin (BNB), Monero (XMR), Avalanche (AVAX), and Dogecoin (DOGE)​​.

User-friendliness

Webull offers a streamlined and user-friendly mobile app for trading cryptocurrencies. The platform’s advanced charting tools and community features enhance the user experience. However, Webull’s focus on simplicity means it may lack some advanced features found in other platforms. Overall, it’s a solid choice for those looking for an easy and accessible way to trade crypto .
ActivTrades offers a straightforward and user-friendly experience for crypto CFD trading. The platform is designed to make trading accessible even for those with minimal technical knowledge, avoiding the complexities associated with setting up wallets and managing private keys. ActivTrades is ideal for users looking for a secure and regulated environment to trade major cryptocurrencies without dealing with the intricacies of crypto exchanges .

Value for money

Webull provides great value for money with commission-free trading and advanced tools suitable for active traders. However, the inability to transfer cryptocurrencies off the platform could be a limitation for some users​​.
ActivTrades offers competitive spreads on crypto CFDs, and the absence of deposit and withdrawal fees enhances its value for money. However, the 0.5%-1.5% fee on credit/debit card deposits and certain bank transfer fees for non-EEA clients can add up​​.

Countries of operation

United States, India, China, South Korea, most countries that permit crypto trading .
United Kingdom, European Union, Bahamas .

Best for

Webull is ideal for active traders who want a commission-free platform with advanced charting tools and a wide selection of tradable assets. It’s best for those who don’t need to transfer cryptocurrencies off the platform and value a seamless mobile experience​​.
ActivTrades is best suited for investors who prefer a regulated and secure environment for trading crypto CFDs without the need to manage wallets and private keys. It’s ideal for those who want to leverage their trades and have access to a range of major cryptocurrencies​​.

Account

Trading

Webull allows direct cryptocurrency trading with a user-friendly interface and zero commissions. It offers a decent range of cryptocurrencies, making it a good choice for retail traders.
ActivTrades offers crypto CFD trading, allowing users to speculate on price movements without owning the actual cryptocurrencies. This platform provides leverage and tight spreads, making it attractive for active traders.

Deposit and withdrawal

Webull allows deposits and withdrawals via ACH and wire transfers. The process is free and generally quick, but wire transfers can be more expensive compared to ACH transfers.
ActivTrades offers fast and mostly free deposits and withdrawals. You can use bank transfers, credit/debit cards, and e-wallets. However, withdrawals under a certain amount may incur fees.

Account opening process

Opening an account with Webull is straightforward and fully digital. Users complete an online application, provide personal and financial information, and verify their identity. Accounts are typically approved within one to two business days.
The account opening process at ActivTrades is fully digital and straightforward. Users need to fill out an online application form, provide personal and financial information, and submit identity verification documents. The account is typically approved within a day.

KYC required?

KYC verification is mandatory at Webull. Users must provide personal identification documents and proof of address as part of the account registration process.
Yes, KYC (Know Your Customer) is mandatory at ActivTrades. Users must provide personal identification documents and proof of address during the account opening process.

Customer Service

Webull offers customer support through email and in-app messaging. They also provide phone support during market hours. The support is generally responsive, though some users find the service to be slower during peak times.
ActivTrades offers excellent customer service with 24/5 support via phone, email, and live chat. The support team is known for being responsive and helpful, making it easy for users to resolve their issues quickly.

Security

Webull is regulated by the SEC and FINRA in the US, providing high investor protection levels. They offer SIPC insurance up to $500,000, including a $250,000 cash limit. However, they do not provide negative balance protection​​.
ActivTrades is highly regulated by top-tier authorities such as the UK’s Financial Conduct Authority (FCA), providing a high level of security. They offer negative balance protection and additional insurance up to £1 million per client through Lloyd’s of London​​.

Which of these exchanges is for you?

As an expert on our website, I recommend Webull for those interested in cryptocurrency trading due to its commission-free model and advanced trading tools. The platform’s user-friendly interface and excellent mobile app make it suitable for both beginners and experienced traders. However, keep in mind that Webull does not allow crypto transfers off-platform, which might be a limitation for some users. Overall, Webull is a solid choice for cost-effective and convenient crypto trading.
As an expert in cryptocurrency trading, I’ve explored numerous platforms, and ActivTrades stands out as a reliable option for crypto CFD trading. The platform is ideal for those who value security and regulation without the need to manage the technical complexities of owning actual cryptocurrencies. With ActivTrades, you can trade popular cryptocurrencies like Bitcoin and Ethereum through CFDs, allowing for both long and short positions with leverage up to 1:10. This makes it a flexible choice for traders looking to speculate on price movements in the crypto market. However, there are areas for improvement. ActivTrades charges a high inactivity fee after a year of no trading, which could be a significant drawback for less active users. Additionally, the platform is not available to residents in the USA and Canada, limiting its accessibility. Despite these drawbacks, ActivTrades’ robust regulatory framework and user-friendly trading options make it a strong choice for those looking to trade cryptocurrencies in a secure environment​​.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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