Webull Alternatives

The best alternatives to Webull are

1. moomoo - US zero-fee discount broker
2. Alpaca Trading - US API broker
3. Robinhood - US zero-fee discount broker
4. Fidelity - US stockbroker

Let's see in a bit more detail how the Webull alternatives compare to Webull and each other:

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 trading and focusing on us markets
• moomoo is recommended for investors and traders looking for zero-commission trading and focusing on us markets.
• Alpaca Trading is recommended for traders interested in algorithmic stock trading
• Robinhood is recommended for beginners and buy-and-hold investors focusing on the us stock market
• Fidelity is recommended for investors and traders looking for solid research and great trading platforms

Important factors of finding Webull alternatives

So far BrokerChooser has reviewed 94 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!

Moomoo is a trading-platform founded in 2018. It is a subsidiary of Futu Holdings Ltd. Securities product on moomoo is provided by Futu Inc, which is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In Singapore, it is regulated by Monetary Authority of Singapore (MAS).

Trading on moomoo is safe because its securities product is regulated by top-tier financial authorities and a maximum of $500,000 investor protection is offered, including a $250,000 limit for cash, under the Securities Investor Protection Corporation's (SIPC) protection scheme.

Recommended for investors and traders looking for zero-commission trading and focusing on us markets.

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Fees

4.7

Moomoo offers commission-free trading of US stocks, ETFs and options. On the other hand, it has high margin rates.

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

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Account opening

4.4

Moomoo's account opening process is seamless, fully digital and fast, with no minimum deposit. However, it is currently available only for clients from the US and Singapore.

If you are interested more in moomoo minimum deposit, this overview will help you.

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Deposit and withdrawal

1.9

At moomoo, there is no deposit fee, and the whole process is user-friendly. However, you can use only bank transfer to add or withdraw funds, and wire withdrawal fees are high.

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Web trading platform

Moomoo does not have a web trading platform.

Learn more about moomoo's web trading platform in the detailed moomoo review.

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Markets and products

2.3

Moomoo's product portfolio is average, offering stocks, ETFs, options, futures and funds. Other popular asset types such as bonds, forex, CFDs or cryptos are not available.

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Verdict

Moomoo's fees are great, as you can trade US stocks, ETFs and options with zero commission. The account opening is easy, fully digital and fast. Moomoo offers quality analytical tools on its user-friendly mobile and desktop platforms.

Moomoo has some drawbacks, though. The product portfolio is limited, covering only stocks from the US, Hong Kong and China market, as well as ETFs and options. Among other limitations, you can use only bank transfer for deposits or withdrawals, and customer support is available only via email.

As the account opening process is seamless and moomoo offers commission-free stock and ETF trading, you should feel free to try it.

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Alpaca Trading is a commission-free API stockbroker founded in 2015. Alpaca is based in San Mateo, CA, and is only available to US residents. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), both top-tier regulators that bolster Alpaca Trading's safety for investors and traders.

Alpaca provides access to US stock markets, historical data, and fundamental data through their API. Alpaca's founders believe their software allows retail traders to capitalize on the machine learning and automation that historically only institutional investors have been able to use. Coders have the opportunity to build their own algorithms and contribute to the Alpaca developer community. Alpaca founders have expressed interest in eventually opening up pre-made algorithms to non-coders, but for now, their platform also includes capabilities for manual order-entry and research.

Recommended for traders interested in algorithmic stock trading

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Fees

4.9

Alpaca Trading offers zero-commission stock and ETF trading and low margin rates. Non-trading fees are also competitive as no fee is charged for inactivity or most withdrawals.

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

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Account opening

4.8

Opening an account with Alpaca is quick, and requires no minimum deposit. Integrating your account with third-party softwares can be tricky, but Alpaca offers great guidance.

If you are interested more in Alpaca Trading minimum deposit, this overview will help you.

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Deposit and withdrawal

1.8

Bank transfer deposit/withdrawal is easy and free, but like other US brokers, Alpaca doesn't support multiple currencies or credit/debit card funding, and wire withdrawal is costly.

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Web trading platform

3.7

Alpaca's web trading platform feels safe, user-friendly, and visually pleasing. However, it does not allow customization, there are no price alerts, and the search function is limited.

Learn more about Alpaca Trading's web trading platform in the detailed Alpaca Trading review.

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Markets and products

2.0

Alpaca Trading currently only provides access to US stocks and ETFs. Other asset classes, like options or bonds, as well as international market coverage, are not available.

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Verdict

Alpaca Trading is a great broker for traders looking to build their own algorithms and focusing on the US market.

Its API tools are outstanding, and fees are low: zero stock/ETF commission, and no inactivity or deposit fees. In addition, Alpaca provides free access to software such as Polygon, Alpha Vantage and TradingView, all of which have great research capabilities.

On the negative side, Alpaca has limited customer support, meaning that users must often turn to GitHub and other community forums for suggestions or peer help to debug code. Among other shortcomings, you can use only bank transfer to deposit or withdraw, while Alpaca only provides access to US stocks and ETFs.

Overall, Alpaca is an up-and-coming broker that is unique in its current space and provides a great product for traders from all experience levels who are interested in algo trading. If you are looking for a strong and savvy API stockbroker, try Alpaca and see what the hype is about.

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Robinhood is a US-based, zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Besides the brokerage service, Robinhood also introduced Cash Management to help clients earn interest on uninvested funds. Click here for more details on this great and unique service.

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Robinhood published recently its S1 disclosure. If you're interested in analyzing Robinhood's business numbers and how they stack against up other brokers, check this report.

Recommended for beginners and buy-and-hold investors focusing on the us stock market

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Fees

5.0

Trading US stocks and ETFs is free at Robinhood. The broker doesn't charge an inactivity or withdrawal 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

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Account opening

5.0

The account opening at Robinhood is seamless, fully digital and can be completed within a day. On the negative side, the broker only accepts US clients and IRA accounts are not available.

If you are interested more in Robinhood minimum deposit, this overview will help you.

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Deposit and withdrawal

2.3

Deposit and withdrawal at Robinhood are free and easy and a great cash management service is available. On the other hand, you can use only bank transfer and deposits above your 'instant' limit may take several business days.

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Web trading platform

4.5

Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.

Learn more about Robinhood's web trading platform in the detailed Robinhood review.

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Markets and products

1.1

Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets. During January 2021, Robinhood restricted trading in as many as 50 individual stocks.

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Verdict

The biggest argument in favor of Robinhood is its appealing fee structure. US stock trading is commission-free and there is no withdrawal or inactivity fee. Robinhood clients can trade on awesome and user-friendly mobile and web trading platforms. The account opening is easy, fast and fully digital.

Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. The broker provides educational articles but little else to guide you in the world of trading.

If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.

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Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for solid research and great trading platforms

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Fees

4.1

Fidelity has low trading and non-trading fees, including commission-free stock trading. On the negative side, margin rates and fees for some mutual funds can be high.

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

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Account opening

3.6

Opening an account at Fidelity is easy and there is no minimum deposit. You can also choose from many account types. However, account verification is a bit slow.

If you are interested more in Fidelity minimum deposit, this overview will help you.

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Deposit and withdrawal

3.8

Fidelity offers an exceptionally wide range of base currencies. On the negative side, credit/debit cards are not accepted.

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Web trading platform

4.5

Fidelity's web platform is easy to use, has many order types and provides two-step authentication. On the negative side, it is not customizable.

Learn more about Fidelity's web trading platform in the detailed Fidelity review.

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Markets and products

3.9

Fidelity offers a lot of different trading products, from stocks to options, including international stocks. However, forex and futures trading is not available.

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Verdict

Fidelity is one of the biggest US stockbrokers and is regulated by top-tier authorities.

Fidelity offers commission-free US stocks and ETFs. The trading platforms and research are outstanding, with many tools including trading ideas and detailed fundamental data. The offered range of products includes international stock exchanges in addition to the US market, which is not common among US brokers.

Fidelity has some drawbacks, though. Some mutual funds have high fees, and the margin rates are high as well. The account verification process and live chat support are both a bit slow. 

As it has great research tools, a user-friendly web trading platform, and charges no inactivity fee, feel free to try Fidelity's services.

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Webull is a US-based fintech startup offering zero-fee or discount brokerage services. The company was founded in 2017 and is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull is considered safe because it is regulated by top-tier financial authorities and provides a maximum of $500,000 investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation's (SIPC) protection scheme.

Recommended for investors and traders looking for zero-commission trading and focusing on us markets

Fees

4.7

Webull offers commission-free trading for US-listed stocks, ETFs and options, overall one of the lowest fees among brokerages. There is no withdrawal fee for ACH transfers and no inactivity fee. However, wire transfer fees are quite high.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening

5.0

Webull's account opening process is seamless and fully digital, and verification takes less than a day. However, Webull is available only for clients from limited countries, such as the US.

Learn more about Webull minimum deposit here.

Deposit and withdrawal

1.9

At Webull, you can use only bank transfer to add or withdraw funds, and wire transfer fees are high. As a plus, transferring money is easy and user-friendly and ACH transfers are free.

Web trading platform

4.5

Webull offers an easy-to-use web trading platform suitable for both beginners and experts, with many advanced features. On the negative side, there is no two-step, safer login.

Learn more about Webull's web trading platform in the detailed Webull review.

Markets and products

1.9

Webull has a limited product portfolio that includes only US-based stocks, ETFs and options. Popular asset types such as funds, bonds or forex are not available.

Verdict

Webull's fees are great. You can trade US stocks, ETFs and options commission-free. 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 quite limited, covering only US stocks, ETFs and options. You can use only bank transfer for deposit or withdrawal, and wire transfers are charged for both directions. Phone and email customer support are hard to contact.

As the account opening is seamless, and Webull offers commission-free stock and ETF trades, feel free to try it.

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.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.