Webull vs Charles Schwab

Webull is a good free trading app for more experienced investors. How does it compare to Charles Schwab? Read our comparison chart below.

Webull is a self-directed investment platform offering commission-free trading of stocks, ETFs, and options. It has a $0 minimum deposit and offers full extended hours trading. It also has a paper trading feature which lets you trade with unlimited virtual money.

While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Webull with Charles Schwab, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Webull	Charles Schwab

	Visit Site	Learn More
	SPECIAL OFFER Deposit and Earn $10 Bonus - Learn More Read Webull Review	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review
	Benefits and Features
Stock Trading	$0	$0 commission on U.S. stocks and ETFs
Options Trading	$0	$0 + $0.65 per contract
Annual Fee	Starts at $0	None
Cryptocurrency Trading	Yes (Webull Pay App)	No
Minimum Deposit	$0	$0
Mutual Fund Trading	No	$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFs	Over 3,300 ETFs	2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
Phone Support	24/7
Live Chat Support	None
Email Support	Yes (customerservices@webull.us)
Human Advisors	No
Robo Advisor	Yes
Assets Under Management	$15.7 Million
Penny Stocks	Yes
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	$25.00 service charge
Good For	Experienced investors; Active traders
Inactivity Fee	$0	None
Maintenance Fee	$0	$0
Online Platform	Yes
iPhone App	Yes (4.7 stars, 296.2k ratings)
Android App	Yes (4.3 stars, 188K ratings)
Banking	No	Yes
Mobile App	Yes	Yes
Desktop App	Yes	Yes
Two-Factor Authentication	Mobile Only
Forex Trading	No
Futures Trading	Yes to eligible users	$2.25 per contract
Bond Trading	No
CFD Trading	No
Currency Trading	No
Customer Service	24/7 via phone and email	24/7
Locations	Online only	300 locations
Online Community	Yes	Yes
Seminars	Yes	Yes
Trading Platform	Desktop, Web Trading, Mobile Apps	Desktop, Web Trading, Mobile Apps
Virtual Trading	Yes. Free paper trading account with unlimited fake money	Yes (thinkorswim platforms)
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Mutual Fund Trading
Online Platform
Banking
Pros & Cons	Pros: No trade fees Advanced research tools Extended trading hours Offers fractional shares Cons: Not beginner friendly	Pros: Vast selection of commission-free ETFs and mutual funds 2 platforms (one for beginners and one for advanced traders) 24/7 customer service including online chat Cons: Commission costs on mutual funds outside of the commission-free funds Robo-advisor option requires a minimum investment of $5,000
Bottom Line	Good free trading app for more experienced investors... Read full review	Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	Visit Site	Learn More
	Deposit and Earn $10 Bonus Up to 8.1% APY with APY Booster 2% Match Bonus	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Charles Schwab: Pricing information from published websites as of 05/21/2025.

Deposit and Earn $10 Bonus

Get a $10 cash bonus when you make an initial qualifying funding of $100 or more into your Webull account during the offer period. Maintain $100 or more in your account until the end of the offer period.

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Expires 9/30/2025

Up to 8.1% APY with APY Booster

Make a net qualifying funding of $100 or more into an individual cash account, and get an extra 4% APY (premium) on your base APY for 90 days. Terms and conditions apply.

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Expires 9/30/2025

2% Match Bonus

Earn a 2% match bonus when you complete one or more qualifying fundings to your Webull account resulting in a net qualifying amount of of $100 or more during the offer period. Maintain $100 or more in the account until the last payment date of the final installment bonus. Bonus will automatically be credited into the client's Webull account in 24 equal monthly installments.

Get Deal

Expires 9/30/2025

Which is Better: Webull or Charles Schwab?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Webull or Robinhood.

In short: Webull's options trading, mobile app, and commissions and fees are worth mentioning. In particular, the commissions and fees is impressive. Charles Schwab's ease of use and research are notable. In particular, the research is excellent.

Articles on Webull

Webull Review

Webull offers $0 trades for stocks, ETFs, and options. But it's not perfect. Find out if Webull fits your investing needs.

Is Webull Safe

Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.

Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.