Webull vs Interactive Brokers

Webull is a good free trading app for more experienced investors. How does it compare to Interactive Brokers? 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 Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

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

	Webull	Interactive Brokers

	Visit Site	Learn More
	SPECIAL OFFER Deposit and Earn $10 Bonus - Learn More Read Webull Review	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review
	Benefits and Features
Stock Trading	$0	IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value) IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading	$0	$0.15-$0.65 per contract ($1 minimum per order)
Annual Fee	Starts at $0	None
Cryptocurrency Trading	Yes (Webull Pay App)	0.12% to 0.18% of trade value ($1.75 minimum per order)
Minimum Deposit	$0	$0
Mutual Fund Trading	No	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less
Commission Free ETFs	Over 3,300 ETFs	150+
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	$30
Good For	Experienced investors; Active traders
Inactivity Fee	$0	$0
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	No
Mobile App	Yes	Yes
Desktop App	Yes	Yes
Two-Factor Authentication	Mobile Only
Forex Trading	No	Available for qualified customers
Futures Trading	Yes to eligible users	Yes
Bond Trading	No
CFD Trading	No
Currency Trading	No
Customer Service	24/7 via phone and email	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations	Online only	No
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
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: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: Platform can be too much for a beginner to understand Complicated pricing structure
Bottom Line	Good free trading app for more experienced investors... Read full review	Good discount broker for experienced, high volume traders... Read full review
	Visit Site	Learn More
	Deposit and Earn $10 Bonus Up to 8.1% APY with APY Booster 2% Match Bonus	Referral Program - $200 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023.

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.

Get Deal

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.

Get Deal

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 Interactive Brokers?

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 commissions and fees is impressive. Interactive Brokers' stock trading is outstanding.

Articles on Webull

Webull

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Articles on Interactive Brokers

Interactive Brokers Review

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.