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What is Webull?
Webull is a commission-free trading platform launched in 2018. It offers low fees and a range of investment products including stocks, options, ETFs and cryptocurrency.Webull boasts a mobile-first trading approach similar to other emerging share trading platforms, but it differentiates itself through its comprehensive suite of trading and analysis tools. In other words, it combines the intuitive trading experience of say, a Robinhood, with the advanced trading capabilities of a Thinkorswim.
Here are some of Webull‘s key details
Stock trade fee
$0
Crypto trade fee
$0; 100 basis point markup built into each crypto trade
Option trade fee
$0
Available asset types
Stocks, ETFs, Options, Cryptocurrency
Account types
Brokerage, Retirement
Fractional shares
✓ $5 minimum
International stocks
✓ ADRs
Inactivity fee
$0
Account maintenance fee
$0
Alternatives to Webull
Despite all it has going for it, Webull won’t be right for everyone. Here are some of the best alternatives to Webull. To compile this list, we looked at share trading platforms that offer many of the same products and features as Webull at a similarly affordable price and highlighted the type of investor who may find this particular platform useful. Platforms are ranked in no particular order.
Best for beginner investors who want guidance. SoFi offers free automated investing and access to human, licensed financial advisors at no additional cost.
While Webull boasts comprehensive research tools, beginner or hands-off investors who want the flexibility to trade on their own or under the guidance of an advisor should be content with SoFi. SoFi is one of the few platforms to offer free roboadvisory services, in addition to commission-free self-directed stock, ETF and crypto trading. SoFi also makes available a team of licensed, human financial advisors ready to help investors carve out their broader financial goals and picture — another feature unheard of among brokers. But investors are limited to trading only stocks, ETFs and crypto, with crypto trading fees slightly higher than the competition.
Stock trade fee
$0
Crypto trade fee
Up to 1.25% on crypto trades
Option trade fee
N/A
Available asset types
Stocks, ETFs, Cryptocurrency
Account types
Brokerage, Retirement
Fractional shares
✓; $5 for stocks, $10 for crypto
International stocks
✓, ADRs
Inactivity fee
$25
Account maintenance fee
$0
Pros
Free automated investing
Complimentary access to licensed, human financial advisors
Best for social and community-driven investing. eToro offers a community-centered investing platform that lets you connect with other investors from around the world and a unique feature that lets you copy the trades of top investors.
eToro stands out for its focus on social trading, particularly with its CopyTrader feature. This unique aspect allows you to automatically copy the moves of other investors — or get paid, if you’re the one being copied. So while you can trade freely in stocks, ETFs and crypto with eToro, you can also automate your portfolio by copying the trades of the platform’s top-rated investors. Advanced traders may just find that the platform’s charting capabilities are lacking. And those who trade infrequently could get hit with a fee.
Stock trade fee
$0
Crypto trade fee
1%
Option trade fee
N/A
Available asset types
Stocks, ETFs, Cryptocurrency
Account types
Brokerage
Fractional shares
✓, $10 minimum
International stocks
✓, ADRs
Inactivity fee
$10/month if your account is inactive for over one year
Best for self-directed beginner investors. Robinhood offers a beginner-friendly, intuitive trading platform with low fees and basic research tools.
As the pioneer of commission-free trading, Robinhood is a strong alternative for beginners interested in low-cost investing. It charges no commission on stocks, ETFs, options or crypto and has one of the lowest minimums required for fractional investing at $1.Robinhood is simply one of the easiest platforms to get started investing. Period. But you’re limited to a non-retirement account with rudimentary research and charting tools.
Best for advanced options and futures traders. tastytrade has commission-free stock and ETF trading, but its platform strongly focuses on active trading of derivative products.
Investors looking for more sophisticated options-trading tools than what Webull has to offer needn’t look further than tastytrade. The platform is built for options trading, both in functionality and in pricing. Yes, tastytrade offers commission-free stock and ETF trading, as well as fractional shares. But advanced traders interested in derivatives will feel most at home with tastytrade. It’s just not very beginner-friendly, customers have said.
Stock trade fee
$0
Crypto trade fee
1% of total purchase, 1% of total sale
Option trade fee
Stocks & ETFs: $0/contract to open, $0 to close, $10 max/leg Futures: $2.50/contract to open, $0 to close
Best for DIY-minded investors. TD Ameritrade offers in-depth research and educational resources coupled with an extensive list of investment options and a complimentary professional trading platform.
Webull CEO Anthony Denier told CNBC in December 2021 that Webull‘s users are most similar to those who use Thinkorswim, TD Ameritrade‘s professional-level trading platform suite. Denier noted that Webull‘s customers are typically more advanced and more heavily use charts, analytics and indicators when trading. TD Ameritrade, then, is a notable alternative. As one of the biggest brokers in the US, TD Ameritrade offers access to a range of securities, including stocks, bonds and mutual funds, making it suitable for investors looking to expand their portfolios. It offers commission-free stock trading and a trading platform that is arguably one of the best on the market. But TD Ameritrade doesn’t offer access to crypto, nor does it offer fractional share trading, which could be a deal-breaker for some beginner investors.
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Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
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