Webull

Webull is a mobile-first discount brokerage regulated by SEC and FINRA. Webull provides commission-free US stock, ETF, and options trading with no inactivity fees.

Webull focuses solely on providing new investors with a mobile brokerage app that makes trading stocks, options, and cryptocurrencies simple.

Webull is a more than capable choice for on-the-go investors to trade at low costs, even though it doesn’t draw as much notice as Robinhood.

How It’s Compared

Webull vs. Robinhood

Webull has an edge when it comes to research tools, providing in-depth technical analysis, real-time market data, and a paper trading simulator. Robinhood, on the other hand, is known for its simplicity and ease of use.

One key difference is that Webull offers extended trading hours, allowing users to trade before and after the regular market hours. Robinhood also provides this feature but with some limitations. It’s important to note that the choice between the two will largely depend on your specific needs and preferences.

Webull vs. Schwab

Webull and Charles Schwab cater to different types of investors. Webull is primarily targeted at active traders who are interested in advanced charting and technical analysis tools. Charles Schwab, on the other hand, is a more traditional brokerage known for its extensive research and educational resources. Schwab offers a wide range of investment products, including mutual funds, ETFs, and fixed-income securities.

Webull does not charge per contract fees for options trading whereas Charles Schwab does charge for such trading. That being said, Schwab is an excellent choice for long-term investors and those who prefer a more holistic approach to financial planning.

Webull vs. Fidelity

Webull caters to active traders and investors who prioritize advanced trading features and data. Fidelity, on the other hand, is known for its long history and comprehensive suite of investment and retirement products. It’s a great choice for investors who prioritize retirement planning, long-term investing, and wealth management. Fidelity offers a wide range of mutual funds, ETFs, and advisory services. While Fidelity also provides commission-free trading, it may not offer the same level of advanced trading features as Webull. Also, Webull does not charge per contract fees for options trading whereas Fidelity does charge for such trading.

Bottom Line

Webull’s fee schedule is very alluring. US equities, ETFs, and options trading are all commission-free. Opening an account is quick, simple, and entirely digital. Investors who are comfortable conducting their business completely through a mobile app can go ahead and try Webull. The app is beautifully made and a delight to use.

The drawback is that calling customer service can be challenging. Webull doesn’t allow customers to open joint brokerage accounts. It also doesn’t support trusts, UGMA/UTMA accounts, Coverdells, SIMPLE IRAs, SEP IRAs, Solo 401(k)s, and several other account types offered by competitors.