GoFX vs Webull

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

GoFX vs Webull Comparison Table 2024
GoFX Webull
rating empty
rating full
3.4
rating empty
rating full
4.4
GoFX is ranked #54 among CFD brokers. Webull is ranked #45 among UK brokers.
Review
Review
GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000. 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
  • Multi-asset trading
  • 24/7 customer service
  • Demo account with easy sign-up
  • Very high leverage up to 1:3000
  • Micro lot trading for those on a budget
  • Bonus incentives and loyalty program
  • MetaTrader 4 platform and mobile app
  • Low minimum deposit of just $1
  • 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
  • No additional tools or trading features
  • No proprietary trading platform or mobile app
  • Weak regulatory oversight
  • No copy trading
  • 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
Awards
  • Fastest Growing Broker 2021 - Forex Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, Cryptos, CFDs on Stocks, Indices & Commodities Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares
Demo Account
Yes Yes
Minimum Deposit
$1 $0
Payment Methods
Minimum Trade
0.01 Lots 0.00001 (Fractional Share)
Regulator
FSA SEC, FINRA, FCA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes Yes
Margin Rate
5.49% - 9.49%
MetaTrader 4
Yes No
MetaTrader 5
No 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
No No
ECN Account
No 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
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes (via MT4)
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
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
Commodities
  • Gold
  • Silver
  • Oil
CFD
Trade CFDs on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:3000. Swap-free trading is available, and all account types trade with competitive spreads and are commission-free except the Go Pro account, which charges a $7 round-turn commission.
Leverage
1:3000 1:4
FTSE Spread
0.01
GBPUSD Spread<
0.00001
Oil Spread
0.01
Stocks Spread
Variable $0
Forex
Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading. 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
28 15+
GBPUSD Spread
0.00001 0.4
EURUSD Spread
0.00001 0.2
EURGBP Spread
0.00001 0.4
Cryptocurrency
Trade tight-spread CFDs on BTC, LTC, ETH, DOGE, ADA and XRP paired with USD. This may be too small a range to satisfy many crypto traders, but it is a comparable offering to similar 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
0.0001 Floating
Coins
  • BTC
  • ADA
  • ETH
  • LTC
  • DOG
  • 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
GoFX Webull
Review
Review
More Comparisons
GoFX
vs

 Webull
vs