This is not investment advice. The information provided is for educational and informational purposes only and does not constitute a recommendation to buy or sell any financial product.
Webull launched as a mobile-first commission-free broker aimed at active retail traders who want advanced charting without paying for a professional platform. Its desktop and mobile apps offer more tools than Robinhood while staying free to use.
Fees
| Fee Type | Cost |
|---|---|
| Stock/ETF commission | $0 |
| Options | $0/contract |
| Margin rate (up to $25K) | 6.74% |
| Inactivity fee | $0 |
| Account minimum | $0 |
| Crypto | 1% spread |
Webull matches Robinhood on commission-free stock, ETF, and options trading. Margin rates are higher than Interactive Brokers' but lower than most traditional brokers. The crypto spread of 1% is higher than specialist crypto exchanges.
Platform and tools
Webull's platform is its main selling point. The desktop app offers streaming real-time data, advanced charting with 60+ indicators, custom screeners for stocks and options, and paper trading with real-time data. The mobile app includes the same charting and screening capabilities, which is rare among mobile platforms.
Compared to Robinhood, Webull adds the tools that active traders need: screeners, paper trading, extended pre-market hours (4 AM to 8 PM), and more charting indicators.
Product range
Webull offers stocks, ETFs, options, and crypto. There are no mutual funds, bonds, futures, or forex. Fractional shares start at $5. IRAs are available with a 3.5% match on contributions — higher than Robinhood's 1%.
Regulation and safety
Webull Financial LLC is regulated by the SEC and FINRA. SIPC coverage protects up to $500,000. There is no excess SIPC insurance. Webull's parent company, Hunan Fumi Technology, is based in China, which raises data privacy questions for some US users. Read the full safety analysis.
Pros and cons
Pros: Advanced charting and screening, commission-free options, paper trading, extended trading hours, competitive margin rates, 3.5% IRA match.
Cons: Chinese parent company (privacy concerns for some), no mutual funds or bonds, crypto spread is high, no excess SIPC insurance, limited customer support.
Is Webull right for you?
Webull is the best choice for active traders who want a free platform with advanced tools. It is a clear step up from Robinhood in charting and screening while keeping costs at zero. If you care most about platform tools and trade actively, Webull is worth the switch.
Compare Webull against Robinhood in the head-to-head comparison. For a more established broker with similar tools, see TD Ameritrade.
Common questions
Is Webull safe to use? Webull is SIPC-insured and regulated by the SEC and FINRA. The Chinese parent company is a concern for some users. Read the safety page.
Is Webull better than Robinhood? For active traders who want charting and screening, yes. For absolute beginners who want the simplest experience, Robinhood may be better. See the comparison.
Does Webull have paper trading? Yes. The paper trading account uses real-time market data and is free.