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GBM vs Webull: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only GBM lists Mexican Stock Exchange (BMV).
Only Webull lists Hong Kong Exchanges (HKEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Tokyo Stock Exchange (TSE).
Only GBM is licensed by CNBV.
Only Webull is licensed by SFC.
Only GBM supports SPEI for deposits and withdrawals.
Only Webull supports Bank transfer for deposits and withdrawals.

Criterion	GBM	Webull
Rating	4.6/5 on other platforms 17.4K ratings	4.4/5 on other platforms 3.8K ratings
Regulators	CNBV	SFC
Minimum deposit	MX$100	HK$10,000
Markets	Mexican Stock Exchange (BMV), US exchanges (NYSE, Nasdaq)	US exchanges (NYSE, Nasdaq), Hong Kong Exchanges (HKEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Tokyo Stock Exchange (TSE)
Products	stocks, ETFs, fractional shares, bonds, funds	stocks, ETFs, fractional shares, bonds, options, funds
US stock or ETF order	0.25% of the order	$0 per order
Deposits and withdrawals	SPEI	Bank transfer, FPS (Faster Payment System)
Founded	1985	—
Headquarters	Mexico	—
Investor protection	—	Investor Compensation Fund (Hong Kong)
Available only in	—	Hong Kong, Macao
	Read review	Read review

What is the minimum deposit at GBM and Webull?

GBM: MX$100. Webull: HK$10,000.

Which regulators license GBM and Webull?

GBM is licensed by CNBV; Webull by SFC.