Why choose Webull
Looking to elevate your free stock trading experience? Webull gives you the best of both worlds: its beginner-friendly mobile app is as sleek as anything on the market, but it also sports a top-notch trading platform on desktop for advanced users that I really enjoyed playing around with. Webull matches its competitors when it comes to free stock/ETF trading and affordable options trading. It also shares their flaws, including subpar execution prices that indirectly boost your trading costs.
- Free stock/ETF trading and high 5% interest on uninvested cash
- Fast and easy account opening
- Great trading platforms
Fees
- No commission (for stocks, ETFs, options)
- High, 5% 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 6.99% and 3.99% 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.
No inactivity fee, high 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
High spot crypto fees: at Webull, crypto trading costs 1% of trade value.
Safety
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
Deposit and withdrawal
- No deposit fee
- User-friendly
- Free ACH deposit and withdrawal
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