Webull vs Charles Schwab
Webull is a good free trading app for more experienced investors. How does it compare to Charles Schwab? Read our comparison chart below.
Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required.
While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.
Compare Webull with Charles Schwab, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Webull | Charles Schwab | |
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Get up to 12 free fractional shares - | $0 Commissions on Online Stock, ETF, and Options Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission on U.S. stocks and ETFs | |
Options Trading | ||
Annual Fee | ||
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | $0 for no-transaction-fee funds $49.95 for all other funds | |
Commission Free ETFs | All U.S. listed ETFs | 2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā¢. |
Phone Support | ||
Broker Assisted Trades | ||
Customer Service | ||
Good For | Experienced investors; Active traders | |
Inactivity Fee | ||
Maintenance Fee | ||
Banking | ||
Mobile App | ||
Desktop App | ||
Two-Factor Authentication | ||
Futures Trading | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | Yes. Free paper trading account with $1,000,000 in fake money | |
Fractional Shares | ||
Taxable Accounts | ||
IRA Accounts | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Options Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mutual Fund Trading | ![]() ![]() ![]() ![]() ![]() | |
Online Platform | ![]() ![]() ![]() ![]() ![]() | |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good free trading app for more experienced investors... | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Charles Schwab: Pricing information from published websites as of 11/14/2021. |
Get up to 12 free fractional shares
- Register and open a new account.
- Then, deposit any amount to get 6-12 free fractional shares.
$75 Account Transfer Bonus
- Transfer a brokerage account over to Webull and get $75 deposited into the account. The incoming brokerage account must have at least $2,000 or more in assets to receive this bonus.
- Transfer an IRA over to Webull and get $75 deposited into the account. The incoming IRA must have at least $5,00 or more in assets to receive this month.
Which is Better: Webull or Charles Schwab?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Webull or eToro.
In short: Webull's options trading, mobile app, and commissions and fees are worth mentioning. In particular, the commissions and fees is impressive. Charles Schwab's ease of use and research are notable. In particular, the research is excellent.