Comparison of Webull vs Vantage [ 2024 ]

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

Your expert: Alejandro Borja

Webull

Your expert: Xavier Tarrasó

Vantage

Main points

Fees

Low 4,8/5

Regulated

SEC, FINRA

Demo account

Yes

Low 4/5

Fees

ASIC, FCA

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

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 .

4.2 – Vantage offers tight spreads and no deposit or withdrawal fees, making it a good choice for both new and experienced traders. However, additional fees might apply depending on the payment method used .

Level

Low 4,8/5

Low 4/5

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 .

Vantage operates as a CFD broker, and its fee structure is designed to be transparent and competitive. The primary cost for trading cryptocurrency CFDs on Vantage comes from the spread, which is the difference between the bid and ask prices. This spread can vary depending on market conditions and the specific cryptocurrency being traded. Additionally, if you hold a position overnight, an overnight financing fee is applied. This fee is calculated based on the leverage used and the value of the position held overnight . Vantage does not charge any deposit fees, making it cost-effective to fund your trading account. Withdrawals are also generally free, except for international bank withdrawals beyond the first free one each month, which incur a fee of 20 currency units (e.g., $20, €20) . There are no commission fees for trades on standard accounts, but for ECN accounts, a commission of $3 per lot for Raw ECN and $1.5 per lot for Pro ECN is charged . This commission structure is typical for ECN accounts, which offer tighter spreads but involve a per-trade commission. Overall, Vantage provides a competitive fee structure that is advantageous for traders who are mindful of trading costs. The combination of low spreads, no deposit fees, and the absence of most withdrawal fees makes it an attractive option for both new and experienced traders.

Webull

Year Founded: Established in 2017, Webull has rapidly gained a solid reputation in the financial market, reflecting its stability and reliability in the industry.
Number of Users: Webull boasts millions of users globally, demonstrating widespread trust and adoption among retail investors and traders.
Security Methods: Webull employs robust security measures, including two-factor authentication (2FA) and encryption protocols, ensuring the safety and protection of users' funds and personal information.
Regulation: Webull is regulated by top-tier financial authorities, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in the United States, providing an extra layer of security and trust.
Customer Service: Webull offers responsive customer service through various channels, including email, phone, and live chat, ensuring users can get assistance when needed.

Vantage

Regulatory Oversight: Vantage operates under the regulation of several reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). This regulatory oversight ensures that Vantage adheres to strict financial and operational standards, providing a secure trading environment for its clients .
Negative Balance Protection: Vantage offers negative balance protection to its clients, ensuring that traders cannot lose more than their deposited amount. This feature adds a layer of security, particularly for those using leverage, by preventing debts that exceed their account balance .
Reputation and Reviews: Over the years, Vantage has built a solid reputation in the trading community. Many users appreciate its transparent fee structure, fast and reliable customer service, and the overall ease of use of its platform. The positive feedback from its users highlights the platform’s reliability and trustworthiness .
Security Methods: Vantage employs advanced security measures to protect client funds and personal information. These include Secure Socket Layer (SSL) encryption, two-factor authentication (2FA), and regular security audits. Such robust security protocols ensure that client data and transactions are safe from unauthorized access and cyber threats .
Volume Managed: Vantage handles significant trading volumes, reflecting its capability to support a large and active user base. High trading volumes often indicate strong liquidity, making it easier for traders to execute large orders without significantly impacting the market price .

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Account Minimum

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Direct link to the website

Product selection

Native token

Webull does not have a native token.

Vantage 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 .

Vantage does not have options for earning with cryptocurrencies through staking. It offers trading of crypto CFDs with leverage .

NFT marketplace

Webull does not have an NFT marketplace.

Vantage does not have an NFT marketplace.

Cripto/debit card

Webull does not offer a card for its clients .

Vantage does not provide a card for its clients .

Payment methods

Transfers

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

Yes, Vantage accepts bank transfers for both deposits and withdrawals .

Mastercard

No, Webull does not accept Mastercard for deposits.

Yes, Vantage accepts Mastercard for deposits.

Wire transfer

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.

Information about Vantage’s acceptance of credit/debit cards is not explicitly stated in the retrieved documents.

Comparative table

Webull	Features	Vantage
Webull has a low minimum trade requirement, making it accessible for all users, particularly beginners.	Minimum Trade	Vantage offers a low minimum trade amount, making it accessible for traders of all levels. The platform allows trades from as little as $50, catering to both beginners and those with limited capital.
While Webull offers commission-free trading, the 1% spread on crypto trades is relatively high compared to other platforms.	Trading and Transaction Fees	Vantage has competitive trading fees, but the spread costs can vary depending on market conditions. While the fees are generally low, they can add up, especially for high-frequency traders.
Webull supports 11 different cryptocurrencies, providing a decent variety for users to choose from.	Number of Cryptocurrencies	With 34 cryptocurrencies available for trading, Vantage offers a decent selection compared to other CFD brokers. However, the variety is somewhat limited compared to dedicated cryptocurrency exchanges.
The platform does not support trading cryptocurrencies directly against each other, limiting trading strategies.	Crypto-to-Crypto Trading Pairs	Vantage does not support direct crypto-to-crypto trading pairs. Instead, all trades are conducted as CFDs, which might not suit traders looking for direct cryptocurrency exchanges.
The website provides clear and detailed information on fees and trading conditions, but the user experience and navigation could be improved.	Website Transparency	Vantage maintains a transparent website with clear information on fees, regulations, and trading conditions. The platform ensures that users have access to necessary information before trading.
Webull does not offer a card for its clients .	Credit/Debit Card	Vantage does not provide 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	As a CFD broker, Vantage does not offer actual cryptocurrency storage. Traders do not own the underlying assets, so there are no wallet services provided.
There are no staking or rewards programs available for crypto holders on Webull.	Staking and Rewards	Vantage does not offer staking or rewards programs for cryptocurrency holdings. This may be a disadvantage for users interested in earning passive income through staking.
Webull’s mobile app and desktop platform are excellent, featuring advanced charting tools and a user-friendly interface.	Mobile App and Desktop	Vantage provides a robust mobile app and desktop platform, allowing users to trade on the go. The platforms are user-friendly and feature-rich, enhancing the trading experience.
Customer service is available through various channels, but phone support is lacking, and response times can be slow.	Customer Service	Vantage offers 24/7 customer support via live chat, phone, and email. However, the live chat service can be slow at times, and the quality of responses may vary.
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	Vantage offers a variety of deposit and withdrawal methods with quick processing times. However, fees can be high for international bank withdrawals beyond the first free transaction each month.

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 .

Vantage provides access to the MetaTrader platforms and the TradingView platform, both known for their advanced charting tools and technical analysis capabilities. They also offer Capitalise.ai for algorithmic trading .

Mobile APP

Yes, Webull offers a highly rated mobile app that supports advanced features like charts, indicators, and paper trading .

Information on a specific mobile app for Vantage is not explicitly stated in the retrieved documents.

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.

Vantage is regulated by top-tier authorities such as the FCA and ASIC, providing robust investor protection. They offer negative balance protection for clients under these jurisdictions.

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 .

Vantage provides access to a variety of cryptocurrency CFDs, including Bitcoin and Ethereum, through the MetaTrader platform. They offer competitive spreads and leverage up to 1:200. Vantage is known for its secure trading environment and extensive educational resources. However, they do not support direct cryptocurrency trading, only CFDs .

Anonymity

Webull does not support anonymous accounts. Users must submit personal information and verification documents during the account opening process .

Vantage requires users to provide personal information and verification documents, thus not offering anonymous accounts .

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.

Vantage provides trading in cryptocurrency CFDs, supporting a variety of cryptocurrencies similar to other major brokers .

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 .

Vantage provides a straightforward and easy-to-use platform for trading cryptocurrencies. The account opening process is simple, and the platform supports various payment methods. Vantage’s trading environment is designed to be user-friendly, making it accessible to both new and experienced traders .

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.

Vantage offers strong value with competitive spreads and no deposit or withdrawal fees. The platform’s leverage options and professional trading tools add further value, making it suitable for both beginners and experienced traders.

Countries of operation

United States, India, China, South Korea, most countries that permit crypto trading .

United Kingdom, Australia, European Union, Cayman Islands, 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.

Vantage is perfect for traders who want to engage in leveraged crypto CFD trading in a regulated environment. Its quick account opening process and seamless deposit and withdrawal options make it a good choice for both new and experienced traders.

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.

Vantage offers a wide range of crypto CFDs with competitive spreads and leverage. The platform is well-regulated and provides a secure trading environment for crypto enthusiasts.

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.

Vantage supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The first international bank withdrawal each month is free, but subsequent withdrawals 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 Vantage is quick and fully digital. Users need to fill out an online form with personal and financial details, and submit verification documents. Accounts are generally approved within one business 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 is required at Vantage. Users need to submit personal identification documents and proof of address to verify their accounts.

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.

Vantage provides customer support via live chat, email, and phone. The support team is available 24/5 and is generally responsive, though some users report delays in getting complex issues resolved.

Security

Vantage is regulated by top-tier authorities such as the FCA and ASIC, providing robust investor protection. They offer negative balance protection for clients under these jurisdictions.

Which of these exchanges is for you?

Alejandro Borja

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.

Xavier Tarrasó

As an expert from Threenvest, I find Vantage to be a robust option for traders looking to delve into the world of cryptocurrency CFDs. The platform excels in offering a diverse range of 34 crypto CFDs, including major assets like Bitcoin and Ethereum, which cater to both beginner and experienced traders. Its strong regulatory framework under ASIC and VFSC ensures a secure trading environment, further enhanced by features like negative balance protection. While the customer service has areas that need improvement, particularly in live chat responsiveness, the overall user experience is solid. For those who prioritize regulatory security and ease of trading without the complexities of handling actual cryptocurrencies, Vantage is a commendable choice.

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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).

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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.

Comparison of Webull vs Vantage [ 2024 ]

Webull

Vantage

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Webull

Vantage

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Webull and Vantage