Compare Interactive Brokers vs Webull


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

Interactive Brokers vs Webull
overall rating
4.9
4.4
overall pros
  • Low trading fees
  • Wide range of products
  • Many great research tools
  • Free stocks, ETFs and options
  • Fast and easy account opening
  • Great trading platforms
overall cons
  • Complicated account opening process
  • Complex desktop trading platform
  • Understaffed customer service
  • Limited product portfolio
  • Only bank transfer for deposit/withdrawal
  • No live chat and poor phone support
fees
4.2
  • Low trading fees
  • Free stock and ETF trading for US clients
  • Low margin rates
4.7
  • No commission (for stocks, ETFs, options)
  • ACH transfers are free for funding & payout
  • High wire transfer costs
account opening
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Mostly for just US residents
deposit and withdrawal
3.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
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
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
mobile trading platform
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
5.0
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
1.9
  • Stock
  • ETF
  • Options
research
4.3
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
3.4
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
  • Limited interactive charting
  • No/poor quality news flow
customer service
3.4
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
0.8
  • Platform message center quick and useful
  • No live chat
  • Slow phone support
  • No answer to emails
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
2.0
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • 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 Traders looking for low fees and a professional trading environment Investors and traders looking for zero-commission trading and focusing on US markets
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