Compare Charles Schwab vs Webull


Online brokers compared for fees, trading platforms, safety and more. See how Charles Schwab stacks up against Webull!

Charles Schwab vs Webull
overall rating
4.8
4.4
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Free stocks, ETFs and options
  • Fast and easy account opening
  • Great trading platforms
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • Poorly-structured educational platform
  • Limited product portfolio
  • Only bank transfer for deposit/withdrawal
  • No live chat and poor phone support
fees
4.4
  • Free stock/ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
4.7
  • No commission (for stocks, ETFs, options)
  • ACH transfers are free for funding & payout
  • High wire transfer costs
account opening
4.4
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Mostly for just US residents
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
1.9
  • No deposit fee
  • User-friendly
  • Free ACH deposit and withdrawal
  • Credit/Debit card not available
  • Only one account base currency
  • High fees for wire transfer
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
5.0
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
markets and products
3.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
1.7
  • Stock
  • ETF
  • Options
research
4.3
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
3.4
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No email support
0.8
  • Platform message center quick and useful
  • No live chat
  • Slow phone support
  • No answer to emails
education
3.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Not well-structured
2.0
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for solid research, low fees and great customer service Investors and traders looking for zero-commission trading and focusing on US markets
×