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Sarwa 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 Webull lists Hong Kong Exchanges (HKEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Tokyo Stock Exchange (TSE).
Only Sarwa is licensed by FSRA (ADGM).
Only Webull is licensed by SFC.

Criterion	Sarwa	Webull
Rating	4.6/5 on other platforms 5.3K ratings	4.4/5 on other platforms 3.8K ratings
Regulators	FSRA (ADGM)	SFC
Minimum deposit	$500	HK$10,000
Markets	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	stocks, ETFs, fractional shares, bonds, options, funds
US stock or ETF order	0.25% of the order, minimum $1	$0 per order
Deposits and withdrawals	Bank transfer	Bank transfer, FPS (Faster Payment System)
Investor protection	—	Investor Compensation Fund (Hong Kong)
Available only in	—	Hong Kong, Macao
	Read review	Read review

What is the minimum deposit at Sarwa and Webull?

Sarwa: $500. Webull: HK$10,000.

Which regulators license Sarwa and Webull?

Sarwa is licensed by FSRA (ADGM); Webull by SFC.