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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.

 Webull
 Visit SiteLearn More
 

Webull

Charles Schwab

SPECIAL OFFER
Get up to 12 free fractional shares - Learn More

Read Webull Review

SPECIAL OFFER
$0 Commissions on Online Stock, ETF, and Options Trades - Learn More

Read Charles Schwab Review

 

Benefits and Features

Stock Trading
$0
$0 commission on U.S. stocks and ETFs
Options Trading
$0
$0 + $0.65 per contract
Annual Fee
None
 
Cryptocurrency Trading
$0
 
Minimum Deposit
$0
$0
Mutual Fund Trading $0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFsAll U.S. listed ETFs2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Phone Support
24/7
 
Broker Assisted Trades 
$25.00 service charge
Customer Service
24/7 via phone and email
24/7
Good ForExperienced investors; Active traders 
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
Banking
No
Yes
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Two-Factor Authentication
Mobile Only
 
Futures Trading 
$2.25 per contract
Locations 
300 locations
Online Community 
Yes
Seminars 
Yes
Virtual TradingYes. Free paper trading account with $1,000,000 in fake money
No
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
IRA Accounts
Yes
 
 

CreditDonkey® Reviews

 Webull
Stock TradingStarStarStarStarEmpty StarStarStarStarStarHalf Star
Options TradingStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Pros & ConsPros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Pros:
  • Vast selection of commission-free ETFs and mutual funds
  • 2 platforms (one for beginners and one for advanced traders)
  • 24/7 customer service including online chat
Cons:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Bottom LineGood free trading app for more experienced investors... Read full reviewGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
 Visit SiteLearn More

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.

Webull

Get up to 12 free fractional shares

Expires 6/30/2023
Get up to 12 free Fractional Shares when making an initial deposit of ANY AMOUNT! Each is valued between $3-$3000
  • Register and open a new account.
  • Then, deposit any amount to get 6-12 free fractional shares.
Webull

$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.


Articles on Webull

Webull Review

Webull offers $0 trades for stocks, ETFs, options, and cryptocurrencies. But it's not perfect. Find out if Webull fits your investing needs.

Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

Which Do You Think is Best?





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