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Webull vs Interactive Brokers

Webull is a good free trading app for more experienced investors. How does it compare to Interactive Brokers? Read our comparison chart below.

Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required. Find out more

While Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

Compare Webull with Interactive Brokers, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Webull
 Visit SiteLearn More
 

Webull

Interactive Brokers

SPECIAL OFFER
20 Free Fractional Shares - Learn More

Read Webull Review

SPECIAL OFFER
Referral Program - $200 Bonus - Learn More

Read Interactive Brokers Review

 

Benefits and Features

Stock Trading
$0
IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value). IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading
$0
$0.15-$0.65 per contract ($1 minimum per order)
Annual Fee
None
 
Cryptocurrency Trading
Yes (Webull Pay App)
 
Minimum Deposit
$0
$0
Mutual Fund Trading
No
$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds
Commission Free ETFs
Over 3,300 ETFs
150+
Phone Support
24/7
 
Live Chat Support
None
 
Email SupportYes (customerservices@webull.us) 
Human Advisors
No
 
Robo Advisor
Yes
 
Assets Under Management
$15.7 Million
 
Penny Stocks
Yes
 
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
$30
Good ForExperienced investors; Active traders 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone AppYes (4.7 stars, 296.2k ratings) 
Android App
Yes (4.3 stars, 188K ratings)
 
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Two-Factor Authentication
Mobile Only
 
Forex Trading
No
Available for qualified customers
Futures Trading
No
Yes
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer Service
24/7 via phone and email
United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations
Online only
No
Online Community
Yes
Yes
Seminars
Yes
Yes
Trading PlatformDesktop, Web Trading, Mobile Apps 
Virtual TradingYes. Free paper trading account with $1,000,000 in fake money
Yes
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Webull
Stock TradingStarStarStarStarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarHalf StarStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Commissions and FeesStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Pros & ConsPros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Pros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Bottom LineGood free trading app for more experienced investors... Read full reviewGood discount broker for experienced, high volume traders... Read full review
 Visit SiteLearn More

Referral Program - $200 Bonus

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Interactive Brokers: Pricing information from published websites as of 10/17/2023.

Webull

20 Free Fractional Shares

Expires in 5 days

Open a new Webull individual brokerage account. Deposit $500 - $24,999 into the account during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain your funds in the account for 30 days or more. Terms and conditions apply.

Webull

75 Free Fractional Shares

Expires in 5 days

Open a new Webull individual brokerage account. Deposit $25,000 or more into the account during the promotional period to get 75 fractional shares, each valued between $3 - $3,000. Maintain your funds in the account for 30 days or more. Terms and conditions apply.

Webull

Up to $100 Transfer Fee Reimbursement

Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.

Which is Better: Webull or Interactive Brokers?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Webull or Robinhood.

In short: Webull's commissions and fees is impressive. Interactive Brokers' stock trading is outstanding.


Articles on Webull

Webull

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

Is Webull Safe

Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.

Articles on Interactive Brokers

Interactive Brokers Review

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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