The best alternatives to Webull are
- Robinhood - US zero-fee discount broker
- Fidelity - US stockbroker
- SoFi Invest - US discount broker
- Chase You Invest - US-based discount broker
Let's see in a bit more detail how the Webull alternatives compare to Webull and each other:
| Webull | Robinhood | Fidelity | SoFi Invest | Chase You Invest | |
|---|---|---|---|---|---|
| Overall score | 4.3 | 4.1 | 4.7 | 4.2 | 4.5 |
| Fees score | |||||
| Account opening score | |||||
| Deposit and withdrawal score | |||||
| Web platform score | |||||
| Markets and products score | |||||
| Visit broker | Visit broker | Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to Webull? There are many areas based on which Webull can be compared with others. When we say a given online broker is a good alternative to Webull we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Webull alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Webull is recommended for investors and traders looking for zero commission and focusing on us markets
- Robinhood is recommended for beginners and buy and hold investors focusing on the us stock market
- Fidelity is recommended for beginners, investors, traders looking for solids research and great trading platforms
- SoFi Invest is recommended for beginners and investors looking for zero commission and focusing on us market
- Chase You Invest is recommended for beginners and buy and hold investors focusing on the us stock market
Important factors of finding Webull alternatives
So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Webull or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Webull is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Webull alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Webull this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Webull, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Webull alternative is a must.
Now let's dive into the details of how Webull and its alternatives perform in the most important areas!
Webull alternatives
Webull
4.3
4 stars
Webull is a US-based fintech startup offering zero-fee or discount brokerage services. The broker was founded in 2017 and it is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
Webull is considered safe because it is regulated by the top-tier financial authorities and provides a maximum of $500,000 investor protection including a $250,000 limit for cash as part of the SIPC protection scheme.
Recommended for investors and traders looking for zero commission and focusing on us markets
- Free stocks and ETFs
- Fast and easy account opening
- Great trading platforms
- Limited product portfolio
- No credit/debit cards and electronic wallets for money transfer
- No live chat and telephone support
Fees 5 stars
Webull offers commission-free trades for US-based stocks and ETFs. It charges no inactivity fee and withdrawal fee if you use ACH. On the negative side, the financing rates are high and there are high fees for wire transfers.
- No inactivity fee
- Transparent fee structure
- Free stocks and ETFs
- High financing rate
- High wire transfer costs
| Webull | Robinhood | Fidelity | SoFi Invest | Chase You Invest | |
|---|---|---|---|---|---|
| Apple benchmark fee | $0.0 | $0.0 | $10.1 | $0.0 | $6.1 |
| Vodafone benchmark fee | - | $100.0 | $26.4 | - | - |
| EURUSD benchmark fee | - | - | - | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 5 stars
Webull account opening is seamless and fully digital. Your account will be opened within a day. However, Webull is available only for clients from the US, China, and India.
- Fast
- Fully digital
- No minimum deposit
- Only available for US, Chinese and Indian clients
| Webull | Robinhood | Fidelity | SoFi Invest | Chase You Invest | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
Learn more about Webull minimum deposit here.
Deposit and withdrawal 2 stars
Webull deposit and withdrawal can be improved. You can use only bank transfer, there is only USD as a base currency, and a high fee is charged for wire transfer. As a plus, there is no fee for ACH deposit or withdrawal and transferring money is easy and user-friendly.
- No deposit fee
- User-friendly
- Free ACH deposit and withdrawal
- Credit/Debit card not available
- Only one account base currency
- High wire transfer fees
| Webull | Robinhood | Fidelity | SoFi Invest | Chase You Invest | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | Yes | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform 5 stars
Webull offers a great web trading platform. It's suitable for both beginners and advanced traders as it's easy to use, but offers also advanced features, like customizability or a wide variety of order types. On the negative side, a two-step login is missing.
- User-friendly
- Good customizability (for charts, workspace)
- Good variety of order types
- No two-step (safer) login
| Webull | Robinhood | Fidelity | SoFi Invest | Chase You Invest | |
|---|---|---|---|---|---|
| Web platform score | |||||
| Mobile platform score | |||||
| Desktop platform score | - | - | - |
Learn more about Webull's web trading platform in the detailed Webull review.
Markets and products 1 stars
Webull has a limited product portfolio. It offers only US-based stocks and ETFs. It lacks popular asset classes, like funds, bonds, forex, options, etc.
| Webull | Robinhood | Fidelity | SoFi Invest | Chase You Invest | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | No | No | No | No | No |
| Fund | No | No | Yes | No | Yes |
| Bond | No | No | Yes | No | Yes |
| Options | No | Yes | Yes | No | No |
| Futures | No | No | No | No | No |
| CFD | No | No | No | No | No |
| Crypto | No | Yes | No | No | No |
Verdict
Webull's fees are great. You can trade with commission-free US stocks and ETFs. The account opening is easy, fully digital, and fast. The platforms are easy-to-use and well-structured.
Webull has some drawbacks though. The product portfolio is really limited, covering only US stocks and ETFs. You can use only bank transfer for deposit or withdrawal, and wire transfer is charged for both direction. Customer support can be contacted only through email and message center on the trading platforms.
As the account opening is seamless, and Webull offers commission-free stock and ETF trades, feel free to try it.
| Webull | |
|---|---|
| Summary | Webull is a discount US stockbroker regulated by the top-tier SEC and FINRA. |
| Fees score | |
| Recommended for | Investors and traders looking for zero commission and focusing on US markets |
Webull alternatives
Robinhood
4.1
4 stars
Best for beginners
Robinhood is a US zero-fee or discount broker established in 2013. If you don't know what discount broker means, read this overview about the best discount brokers in 2018.
Robinhood is considered safe because it is supervised by FINRA, the US regulator and provides a maximum of $500,000 investor protection including a $250,000 limit for cash.
Recommended for beginners and buy and hold investors focusing on the us stock market
- Commission-free US stock trading
- Great mobile and web trading platforms
- Fast and fully digital account opening
- Available only for US and Australian clients
- Weak customer support
- Limited product portfolio
Fees 4 stars
US stock trading is free at Robinhood. There are no inactivity fee and withdrawal fees. On the flip side, Robinhood has really high commission for non-US stocks.
- No withdrawal fee
- No inactivity fee
- Commission-free US stock trading
- High financing rate
- High trading fees of non-US stocks
| Robinhood | Webull | |
|---|---|---|
| Apple benchmark fee | $0.0 | $0.0 |
| Vodafone benchmark fee | $100.0 | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 5 stars
Robinhood account opening is seamless and fully digital. Your account will be opened within a day. On the flip side, the account opening is only available for US and Australian clients.
- Fast
- Fully digital
- No minimum deposit
- User-friendly
- It is only availalbe for the US and the Australian clients
| Robinhood | Webull | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Robinhood minimum deposit, this overview will help you.
Deposit and withdrawal 3 stars
Robinhood deposit and withdrawal are very easy and user-friendly. On the flip side, you can only use bank transfer.
- No deposit fee
- User-friendly
- Instant deposit up to $1,000 per week
- Credit/Debit card not available
- Lengthy deposit if you don't use the instant deposit
| Robinhood | Webull | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform 5 stars
Robinhood provides a well-designed and user-friendly web trading platform.
- User-friendly
- Clear fee report
- Modern design
- Customizability is missing
| Robinhood | Webull | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score | - |
Learn more about Robinhood's web trading platform in the detailed Robinhood review.
Markets and products 1 stars
Robinhood's product portfolio is limited. It offers only stocks, ETFs, options, and cryptos. Furthermore, these assets are mainly limited to the US markets.
| Robinhood | Webull | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | No |
| Bond | No | No |
| Options | Yes | No |
| Futures | No | No |
| CFD | No | No |
| Crypto | Yes | No |
Verdict
Robinhood fees are great. US stocks trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. The account opening is easy, fully digital, and fast.
Robinhood has some drawbacks though. It is available only for US and Australian clients. The customer support is poor, you can only reach them via e-mail and it takes time to get an answer. Most products you can trade with are just from the US market.
If you want to trade with US stocks for free and prefer an easy-to-use platform, Robinhood is the best choice.
| Robinhood | |
|---|---|
| Summary | Robinhood is a US-based zero commission broker. It is regulated by FINRA, the top-tier US regulator. |
| Fees score | |
| Recommended for | Beginners and buy and hold investors focusing on the US stock market |
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Webull alternatives
Fidelity
4.7
5 stars
Fidelity was founded in 1946 and it is one of the biggest US stockbrokers. It is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
Fidelity is considered safe because it has a long track record and is regulated by top-tier regulators.
Recommended for beginners, investors, traders looking for solids research and great trading platforms
- Solid research tools
- Great web trading platform
- US and international stocks offered
- Lack of credit/debit cards for money transfer
- Not fully digital account opening
- High mutual fund fees
Fees 4 stars
Fidelity has average trading fees and low non-trading fees. It even charges no commission for some ETFs, bonds, and mutual funds. On the negative side, the fees for mutual funds and the financing rates are high.
- No inactivity fee
- Transparent fee structure
- Some ETFs, bonds, and mutual funds are free
- High financing rate
- High mutual fund fees
| Fidelity | Webull | |
|---|---|---|
| Apple benchmark fee | $10.1 | $0.0 |
| Vodafone benchmark fee | $26.4 | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 3 stars
Opening an account at Fidelity is easy and fast, but not fully digital. The application had to be mailed with the relevant ID's photocopy.
- Fast
- No minimum deposit
- Not fully digital
- ID hardcopy was needed
| Fidelity | Webull | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Fidelity minimum deposit, this overview will help you.
Deposit and withdrawal 3 stars
Fidelity offers bank transfer and electronic wallets as deposit and withdrawal options. Exceptionally wide range of base currencies is provided too. However, credit/debit cards are not accepted and the wire withdrawals are charged.
- Several account base currencies
- Electronic wallets
- Credit/Debit card not available
- $10 for outgoing wire transfers
| Fidelity | Webull | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | Yes | No |
| Withdrawal fee | $0 | $0 |
Web trading platform 5 stars
Fidelity's web platform is easy to use, has a lot of order types, and provides a two-step authentication. On the negative side, the web trading platform is not customizable.
- User-friendly
- Two-step (safer) login
- Good variety of order types
- Limited customizability (for charts, workspace)
| Fidelity | Webull | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score |
Learn more about Fidelity's web trading platform in the detailed Fidelity review.
Markets and products 3 stars
Fidelity offers a lot of asset classes, from stocks to options. Within the stock offer, both the US and international markets covered. On the negative side, forex and futures are missing.
| Fidelity | Webull | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | Yes | No |
| Bond | Yes | No |
| Options | Yes | No |
| Futures | No | No |
| CFD | No | No |
| Crypto | No | No |
Verdict
Fidelity Schwab is one of the biggest US stockbrokers regulated by top-tier regulators.
Fidelity's research is outstanding and covers many tools, including trading ideas and detailed fundamental data. The web trading platform is easy to use and offers advanced order types. The product offer covers international stock exchanges besides the US market, it's unique among the US brokers.
Fidelity has some drawbacks though. It doesn't provide credit/debit cards for money transfers. The account is not fully digital and the fees for mutual funds are quite high.
As the research tools are great, the web trading platform is user-friendly, and no inactivity fee is charged, feel free to try Fidelity.
| Fidelity | |
|---|---|
| Summary | Fidelity is a US stockbroker. It is regulated by top-tier regulators, the SEC and FINRA. |
| Fees score | |
| Recommended for | Beginners, investors, traders looking for solids research and great trading platforms |
Webull alternatives
SoFi Invest
4.2
4 stars
SoFi or Social Finance is a US-based fintech startup founded in 2009. SoFi is regulated by the Securities and Exchange Commission (SEC) and FINRA. SoFi Invest is the brand name of SoFi for zero-fee or discount brokerage services.
SoFi Invest offers active and automated investing services. The prior means a self-directed account where you can trade with stocks and ETFs on your own. The SoFi Invest automated investing is a robo-advisory service where SoFi Invest handles your investments. In this review, we tested SoFi Invest active investing.
SoFi Invest is considered safe because it is regulated by the top-tier financial authorities and provides a maximum of $500,000 investor protection including a $250,000 limit for cash as part of the SIPC protection scheme.
Recommended for beginners and investors looking for zero commission and focusing on us market
- Free stocks and ETFs
- Fast and fully digital account opening
- Great customer support
- Available only for US clients
- Limited product portfolio
- Basic research tools
Fees 5 stars
SoFi Invest has low trading fees and low non-trading fees. It offers commission-free trades for US-based stocks and ETFs. There are no inactivity and withdrawal fees.
- No withdrawal fee
- No inactivity fee
- Free stocks and ETFs
| SoFi Invest | Webull | |
|---|---|---|
| Apple benchmark fee | $0.0 | $0.0 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 5 stars
Account opening at SoFi Invest is seamless and fully digital. Your account will be opened within a day. On the flip side, the account opening is available only for US clients.
- Fast
- Fully digital
- No minimum deposit
- Only US clients
| SoFi Invest | Webull | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in SoFi Invest minimum deposit, this overview will help you.
Deposit and withdrawal 3 stars
SoFi Invest's deposit and withdrawal are free and user-friendly. On the negative side, credit/debit cards are not accepted and there is only USD as a base currency.
- Free withdrawal
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Only one account base currency
| SoFi Invest | Webull | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform 3 stars
SoFi Invest has an OK web trading platform. It is user-friendly and has a clear design. However, it offers only market order, lacks customizability, and unique price alerts are missing.
- User-friendly
- Two-step (safer) login
- Modern design
- Limited customizability (for charts, workspace)
- Only market order type
- No unique price alerts
| SoFi Invest | Webull | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score | - |
Learn more about SoFi Invest's web trading platform in the detailed SoFi Invest review.
Markets and products 1 stars
SoFi Invest has a limited product portfolio. It offers only US-based stocks and ETFs. It lacks funds, bonds, forex, options, futures, or CFD.
| SoFi Invest | Webull | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | No | No |
| Crypto | No | No |
Verdict
SoFi Invest's fees are great. You can trade with US-based stocks and ETFs listed on major markets. The account opening is easy, fully digital, and fast. The customer service responses quickly and gives relevant answers.
SoFi Invest has some drawbacks though. It is available only for US clients. The product portfolio is really limited, covering only US stocks and ETFs. Lastly, research tools are very basic.
As the account opening is seamless, and SoFi Invest offers commission-free stock and ETF trades, feel free to try it.
| SoFi Invest | |
|---|---|
| Summary | SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA. |
| Fees score | |
| Recommended for | Beginners and investors looking for zero commission and focusing on US market |
Webull alternatives
Chase You Invest
4.5
5 stars
Chase You Invest is a discount brokerage service released in 2018 by J.P. Morgan. The parent company, J.P. Morgan is a US investment bank and is also listed on the New York Stock Exchange. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Chase You Invest is considered safe because the parent company, J.P. Morgan has a long track record, is listed on stock exchange, has a banking background, and is regulated by top-tier regulators.
Recommended for beginners and buy and hold investors focusing on the us stock market
- Low trading fees
- Fast and fully digital account opening
- Strong parent company
- Available only for US clients
- Limited product portfolio
- Basic research tools
Fees 5 stars
Chase You Invest has low trading fees and low non-trading fees. It offers 100 commission-free trades for US-based stock and ETF trades in the first year after the account opening. You can also trade with mutual funds for free.
- Low trading fees
- Low non-trading fees
- No withdrawal fee
| Chase You Invest | Webull | |
|---|---|---|
| Apple benchmark fee | $6.1 | $0.0 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening 5 stars
Account opening at Chase You Invest is seamless and fully digital. Your account will be opened within a day. On the flip side, the account opening is available only for US clients.
- Fast
- Fully digital
- No minimum deposit
- It is available only for US clients
| Chase You Invest | Webull | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Chase You Invest minimum deposit, this overview will help you.
Deposit and withdrawal 2 stars
Chase You Invest deposit and withdrawal can be improved. You can use only bank transfer and there is a high fee for wire withdrawals if you are a non-Chase client. As a plus, there is no deposit fee and transferring money is easy and user-friendly.
- No deposit fee
- User-friendly
- Credit/Debit card not available
- Only one account base currency
- High fee for wire withdrawal for non-Chase clients
| Chase You Invest | Webull | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform 3 stars
Chase You Invest has a mediocre web trading platform. It is very easy-to-use and has a great search function. However, it misses important features, like two-step authentication, clear fee report and price alerts.
- User-friendly
- Good search function
- Modern design
- No clear fee report available
- No two-step (safer) login
- No price alerts
| Chase You Invest | Webull | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score | - |
Learn more about Chase You Invest's web trading platform in the detailed Chase You Invest review.
Markets and products 2 stars
Chase You Invest has limited product portfolio. It offers stock, ETF, fund, and bond. It lacks forex, options, futures, or CFD. Furthermore, the offered products cover only the US market.
| Chase You Invest | Webull | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | Yes | No |
| Bond | Yes | No |
| Options | No | No |
| Futures | No | No |
| CFD | No | No |
| Crypto | No | No |
Verdict
Chase You Invest fees are great. You can trade with mutual funds for free and new clients have 100 commission-free trades for US-based stock and ETF in the first year. The account opening is easy, fully digital, and fast. J.P. Morgan is Chase You Invest's strong parent company. It has a banking background and listed on the New York Stock Exchange.
Chase You Invest has some drawbacks though. It is available only for US clients. The product portfolio is limited, covering only US markets and the stock, ETF, bond, and fund asset classes. Lastly, the research tools are basic.
As the account opening is seamless, and Chase You Invest offers commission-free mutual funds and 100 commission-free stock and ETF trades, feel free to try it.
| Chase You Invest | |
|---|---|
| Summary | Chase You Invest is a brokerage solution offered by J.P. Morgan Securities LLC (a J.P. Morgan affiliate), regulated by US top-tier regulators SEC and FINRA. J.P. Morgan is a NYSE listed company with banking background. |
| Fees score | |
| Recommended for | Beginners and buy and hold investors focusing on the US stock market |
Webull alternatives
Bottom line
Based on our analysis, there are several good alternatives to Webull. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| Webull | US discount broker | Investors and traders looking for zero commission and focusing on US markets |
| Robinhood | US zero-fee discount broker | Beginners and buy and hold investors focusing on the US stock market |
| Fidelity | US stockbroker | Beginners, investors, traders looking for solids research and great trading platforms |
| SoFi Invest | US discount broker | Beginners and investors looking for zero commission and focusing on US market |
| Chase You Invest | US-based discount broker | Beginners and buy and hold investors focusing on the US stock market |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
