Why choose Webull
Webull is a relative newcomer among US stockbrokers, following in the footsteps of discount brokers such as Robinhood. Like nearly all of its competitors, Webull provides commission-free US stock, ETF and options trading with no inactivity fees.
Its trading platforms are extremely user-friendly and sport many functions, making it one of the best platforms among US brokers.
Webull’s shortcomings are also very typical of young US discount brokers. Phone support is poor, the product selection lacks popular asset classes like bonds or mutual funds, and deposit and withdrawal are via bank transfer only.
- Free stock/ETF trading
- High interest on uninvested cash
- Fast and easy account opening
- Great trading platforms
Not sure if this is the right broker for you? See the best ones.
See how the best brokers in the United States compare to Webull
Fees
- No commission (for stocks, ETFs, options)
- High interest on cash balance
- ACH transfers are free for funding & payout
We compared Webull's fees with two similar brokers we selected, moomoo and Robinhood. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Webull alternatives.
Commission-free stock and ETFs
It’s extremely great as Webull has commission-free US stock trading.
Average margin rates
Webull USD margin rate fees are slightly lower than the industry average. USD margin rate fees are calculated as follows: Margin rate ranges between 9.24% and 5.24% depending on your debit balance
Low options commission
Webull US stock index options fees are about half of the industry average. US stock index options fees are calculated as follows: $0 per trade plus $0.55 contract fee and regulatory and exchange fees
Webull doesn't charge any commission for trading options. The broker passes on the proprietary index option fees that the exchange may charge. Plus, in the case of certain index options there is a $0.55 per contract fee.
No inactivity fee, no withdrawal fee
It charges neither an account or an inactivity fee.
The fees for wire transfers are as follows:
Wire transfer type and direction | Fee per transaction |
---|---|
US domestic deposit | $8 |
US domestic withdrawal | $25 |
Non-US deposit | $12.5 |
Non-US withdrawal | $45 |
For transferring out securities from your account, Webull charges a $75 fee.
There is no deposit or withdrawal fee if you use ACH (electronic) transfer. However, wire transfers have a rather high fee. We tested ACH, so we paid no withdrawal fee.
Other commissions and fees
Low futures fees: US index futures fees are as follows - $0.25 per trade plus regulatory and exchange fees.
Check out a detailed analysis of all the fees, commissions, and other charges levied by Webull for more information.
Safety
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
Deposit and withdrawal
- User-friendly
- Free ACH deposit and withdrawal
- Debit card is available for free deposit
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Two-step (safer) login
- Good variety of order types
Desktop platform
- User-friendly
- Good customizability (for charts, workspace)
- Good variety of order types
Product selection
FAQ
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.