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Webull VS MetaTrader5

Compare Webull VS MetaTrader5 and see what are their differences

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  2. » Videos
  3. » Reviews
  4. » Alternatives

Webull logo Webull

Webull: Real-time Stocks app allows users to get the latest news about the stock market right on their mobile phone’s screen.

MetaTrader5 logo MetaTrader5

World-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs.
  • Webull Landing page
    Landing page //
    2023-08-19
  • MetaTrader5 Landing page
    Landing page //
    2023-10-07

Webull features and specs

  • Commission-Free Trading
    Webull offers commission-free trading for stocks, ETFs, and options, which makes it an attractive platform for cost-conscious traders who are looking to minimize expenses.
  • Advanced Tools and Features
    The platform provides a variety of advanced tools and charting capabilities, catering to experienced traders who require detailed technical analysis and data.
  • Extended Trading Hours
    Webull allows users to trade during pre-market and after-hours sessions, giving them more flexibility and opportunities to act on news and events outside of standard trading hours.
  • Paper Trading
    The platform offers a paper trading feature that allows users to practice their trading strategies with virtual money, which is beneficial for beginners and those testing new approaches without financial risk.
  • Accessible through Various Devices
    Webull provides a seamless experience through its mobile app, desktop platform, and web interface, allowing users to trade conveniently from different devices.

Possible disadvantages of Webull

  • Lack of Mutual Funds
    The platform does not offer mutual funds, which might be a disadvantage for investors looking to diversify their portfolios through these types of funds.
  • Limited Customer Support
    While Webull provides customer support via email and chat, some users have reported delays in response times, which could be a drawback for those requiring immediate assistance.
  • No Fractional Shares
    As of the last update, Webull does not support the trading of fractional shares, which means investors need to buy whole shares, potentially limiting their ability to invest small amounts in high-priced stocks.
  • Educational Resources
    Compared to some competitors, Webull offers limited educational resources, which might not be sufficient for beginners who need a more guided learning experience.
  • Complex Interface for New Users
    While the platform's tools are great for advanced traders, the interface can be overwhelming for beginners who may find it difficult to navigate and utilize all available features effectively.

MetaTrader5 features and specs

  • Multi-Asset Platform
    MetaTrader 5 allows you to trade a variety of asset classes including Forex, stocks, commodities, indices, and cryptocurrencies.
  • Advanced Charting Tools
    The platform offers advanced charting tools with a wide range of technical indicators and graphical objects for detailed market analysis.
  • Automated Trading
    MetaTrader 5 supports algorithmic trading via Expert Advisors (EAs), which can automate trading tasks based on predefined strategies.
  • Market Depth
    The Market Depth feature provides an insightful view of available bids and offers, enhancing your market analysis.
  • Economic Calendar
    An integrated economic calendar allows traders to monitor market-moving events and news directly within the platform.

Possible disadvantages of MetaTrader5

  • Complexity
    The platform can be overwhelming for beginners due to its extensive features and advanced tools.
  • Limited Broker Support
    Not all brokers support MetaTrader 5, limiting its accessibility depending on your broker of choice.
  • Learning Curve
    There is a steep learning curve to fully leverage all the advanced features and customization options MetaTrader 5 offers.
  • Resource Intensive
    The platform can be resource-intensive, requiring a robust computer system for optimal performance, especially when multiple charts and indicators are used.
  • Transition from MT4
    Users transitioning from MetaTrader 4 to MetaTrader 5 may face compatibility issues, as not all scripts, indicators, and EAs are transferable.

Analysis of MetaTrader5

Overall verdict

  • Overall, MetaTrader 5 is a highly versatile and robust trading platform that is well-suited to both beginner and experienced traders, especially those interested in utilizing automated trading solutions.

Why this product is good

  • MetaTrader 5 (MT5) is often considered a good trading platform due to its extensive range of features. It provides advanced charting tools, numerous indicators, and the ability to trade a wide variety of financial instruments including forex, stocks, futures, and CFDs. MT5 is also equipped with a user-friendly interface, supports algorithmic trading through the MQL5 programming language, and offers a community for sharing strategies and signals.

Recommended for

  • Traders looking for a comprehensive trading platform with advanced features.
  • Users interested in algorithmic trading and developing custom trading robots and indicators.
  • Individuals or firms trading in a variety of financial markets, including forex, stocks, and commodities.
  • Beginners seeking a user-friendly interface with access to educational resources and community support.

Webull videos

+ Add

WeBull App Review - I'm Selling All My Stocks

More videos:

  • Review - Robinhood vs WeBull App - Which is Better? (Review for Beginners)
  • Tutorial - Webull App Review 2020 | How To Get 2 FREE STOCKS And Invest With $0 Fees!

MetaTrader5 videos

+ Add

Which Forex Trading Platform is BEST? (MetaTrader 4 vs cTrader)

More videos:

  • Review - Why I Switched From MetaTrader to TradingView - TradingView Review
  • Review - MetaTrader 5 - Forex Trading Platform Review and Introduction

Category Popularity

0-100% (relative to Webull and MetaTrader5)

Webull

MetaTrader5

Finance
10 10%
Finance
90% 90
Investing
11 11%
Investing
89% 89
Trading
10 10%
Trading
90% 90
Cryptocurrency Trading
100 100%
Cryptocurrency Trading
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Webull and MetaTrader5

Webull Reviews

13 BEST TradingView Alternative for Equity, Crypto & Forex
Webull is a TradingView alternative that allows you to invest in thousands of companies using our trading tools and analytics to create your financial portfolio. It helps you to stay connected with markets and helps you to manage your investments wherever you are.
Source: www.guru99.com
8 Best Business Brokerage Accounts – Corporate Trading and Investing
Webull only provides accounts for Limited Liability Companies (LLCs). It requires a minimum of $100,000, and you will need to reach out to Webull through e-mail since you cannot open a Webull business account directly on their website.
Source: investingintheweb.com
When is Robinhood Coming to Australia? Alternatives for 2022
Robinhood was founded in 2013. Since then, it has played a major role in disrupting the brokerage industry by allowing US retail investors to trade with no commissions, alongside its biggest rival, Webull. Robinhood is defined as a commission-free online broker that offers the possibility of trading stocks, ETFs, options, and cryptocurrencies.
Source: investingintheweb.com

MetaTrader5 Reviews

TradingView Alternatives For Budget Conscious Traders
MetaTrader platforms are known for their many features including robust alert systems and the ability to “hijack” the visual backtester to perform full replays during backtesting. These platforms support algorithmic trading through Expert Advisors (EAs) and have a large library of custom indicators and trading tools. While MT4 and MT5 are very versatile they require a...
Source: medium.com
Top 8 Forex Tester Alternatives in 2024
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely-used trading platforms that include basic backtesting functionalities. These platforms are popular due to their availability and versatility, but they come with some limitations.
Source: forextester.com
5 MetaTrader alternatives for Apple devices (Jan 2023)
iOS devices with MetaTrader apps already installed can continue to use them, but they will not receive software updates, creating potential security risks. The problem does not affect Android mobile devices because MetaTrader platforms continue to be freely downloaded and installed from Google PlayStore. But this is not a solution for the millions of users who have no...
Source: smnweekly.com
Alternatives to MetaTrader
The brokers that support MetaTrader and other similar platforms purchase the rights to the software; the servers are run by the broker, and it’s just the software itself that is supplied by MetaQuotes, the company that developed MetaTrader.
Source: investingreviews.co.uk
What Are The Alternatives To MetaQuotes' MetaTrader MT4 And MT5 Platforms For Brokers?
It has been over 2 weeks since LiquidityFinder broke the story on Saturday 24th September that Apple had removed MetaQuotes' MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps from its App Store. This move by Apple, with still no official explanation from either Apple or MetaQuotes, has left a huge amount of uncertainty in the trading industry, both for brokers and end clients....
Source: liquidityfinder.com

Social recommendations and mentions

Based on our record, Webull seems to be more popular. It has been mentiond 15 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Webull mentions (15)

  • I think Webull will be available in UK soon
    Maybe they will create redirect from webull-uk.com to something like webull.co.uk as they did for webull-us.com to webull.com. Source: almost 2 years ago
  • How do I know which account I made on WeBull
    Then I went to "manage my account" in webull.com to see if I can add another account (margin account). It didn't appear to have that option, rather it had the option of changing the existing cash account to margin, but when I clicked on change account, it actually led to creating a new margin account not changing the existing cash into margin. Source: almost 2 years ago
  • Would like to open a brokerage account to be able to invest in stocks, ETFs, dividend stocks etc.
    First time a tried to create an account on Webull.com but it did not let me create it, turned out it can be used for only US citizens. So this is my question: Whats the best brokerage website that I can use as EU citizen? For instance: it can be used only in EU or worldwide and so on. Source: about 2 years ago
  • Webull faces potential URL Redirection attack
    Also webull.com has registrant, administrative, and technical information while webullbroker.com doesn't. Source: about 3 years ago
  • I'm leaving Coinbase
    I took mine out of coinbase about 6 months ago I use webull.com now. Source: about 3 years ago
View more

MetaTrader5 mentions (0)

We have not tracked any mentions of MetaTrader5 yet. Tracking of MetaTrader5 recommendations started around Mar 2021.

What are some alternatives?

When comparing Webull and MetaTrader5, you can also consider the following products

KOT4X - KOT4X is an online platform for Forex trading, Crypto, and CFD Broker that offers a wide range of tradable assets, including Forex, Cryptocurrencies, Gold, and Oil.

TradingView - The best charting tool for crypto and stocks

EagleFX - EagleFX is an online forex and crypto broker that offers competitive spreads, fast execution, and 24/7 customer support.

eToro - The social investment network that connects traders from around the globe and enables them to share...

FXChoice - FXChoice is an Electronic Communications Networks broker that offers Contract For Differences and Forex trading on the most popular platforms.

Robinhood - Free stock trading service.

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