Options trading conditions at Webull explained

Options trading is increasingly popular, but it's still something of a niche product aimed at more experienced traders, so not all brokers offer it and trading conditions can differ widely.

We have good news: Webull offers options trading, under good conditions and with access to many options markets. Click to open your Webull account or read on for details and comparisons.

Webull is great for options trading

[Broker name] is great for options trading

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Learn about our methodology

Adam Nasli

Trading • Safety • Market Analysis

I've tested dozens of brokers in recent years, including their options trading features. Webull impressed me overall; here's why:

• It has an above-average options trading score based on fees, products and UX.
• Webull offers access to 6 options markets.
• Options trading fees at Webull are low.
• Trading platform and research quality make a difference.
• See how Webull compares to the best in class.

Before we begin, let's see if Webull is available in your country:

Yes, you can open an account at Webull if you live in United States!

United States

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To assess whether Webull is a great place to trade options, we calculated a comprehensive options score that takes into account options trading fees, the potential number of options products available, and the quality of the broker's trading platform (including charting and other research tools).

Webull's overall options score of 4.4 stars is considered above average among the brokers we cover that offer options trading. Here's how Webull scored against some close rivals:

Need a refresher course on options trading? Here's a high-level overview of all you need to know about trading options. If you're already familiar with the basics, you can dive right into options trading strategies or the niceties of options pricing.

Still lacking options trading mileage? We suggest you start with our introduction to options trading for beginners.

Webull provides access to some US options markets, although it's not clear which options exchanges specifically.

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Webull doesn't charge any commission for trading options. The broker passes on the proprietary index option fees that the exchange may charge.

In the table below, we listed options trading fees (calculated in USD terms) at Webull and some of its competitors for trading 10 options contracts.

Please note that some brokers don't charge a separate fee for closing an options trade. In these cases, in order to represent this discount properly, we calculated with just half of the opening fee, because most other brokers charge for both the opening and closing transactions.

So what's all the fuss about fees? Aren't they just a tiny fraction of the value of a typical trade? Well, they may be, but differences in fees among brokers can still be substantial. Of the 100+ brokers we cover, the cheapest one charges $5 for trading 10 US stock index options contracts, while the most expensive one charges $35. Even if you're just a casual trader who does one or two options deals a month, the difference in trading fees can add up to hundreds of dollars a year. Just think of all the goodies you can buy with that money!

Trading fees and product selection are only part of the story when it comes to options trading.

• A great trading interface (especially on desktop) with user-friendly search and order functions, good charting capabilities and quality research material is an option trader's best friend.
• Costs don't stop at trading fees; if you trade often and want access to your trading profits, withdrawal fees can sting.

In the table below, you can check how Webull compares to some close competitors in trading platform quality and other features.

Webull is great for options trading, but can you go one better? See for yourself by browsing our top ten list of the best options brokers in your country.

Alternatively, if you want a broader comparison or have some specific other brokers in mind, you can use our broker comparison tool to size up options brokers along many different criteria.

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