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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

3.2	4.4
Amega is ranked #78 among CFD brokers.	Webull is ranked #42 among UK brokers.
Review	Review
Amega is an offshore STP broker offering CFD trading fon 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
Amega supports a growing selection of payment options, including cryptos and international banking solutions with an accessible $20 minimum deposit. The MetaTrader 5 platform is excellent for trading with low latency, sophisticated order types, and up to 128 indicators and 21 timeframes to aid precise analysis. The One account keeps things simple for aspiring traders, featuring the full range of forex, stocks, indices and commodities with no hidden fees or swap fees, and $1 cashback per lot.	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
Despite offering negative balance protection, Amega still lacks authorization from a trusted regulator, making it a high-risk option with no access to investor protection. Although the library of educational guides is growing, it falls far behind the likes of eToro which offers quizzes, videos and a social trading network for a complete learning journey. As brokers increasingly invest in their own trading software and add third-party solutions like cTrader to meet various trader preferences, Amega trails behind with just MT5.	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
$20	$0
Payment Methods
Perfect Money STICPAY Wire Transfer	ACH Transfer Wire Transfer
Minimum Trade
0.01 Lots	0.00001 (Fractional Share)
Regulator
	SEC, FINRA, FCA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating

Android App Rating

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
Amega offers an unusually large selection of currency pairs for an unregulated broker with 70+ forex CFDs, alongside up to 1:1000 leverage, zero commissions and competitive spreads from 0.8 pips. FX traders also have access to MT5 – the faster, more advanced version of MT4.	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
0.8	0.4
EURUSD Spread
0.8	0.2
EURGBP Spread
0.8	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
Review	Review
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