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.
 | ||
| Visit Site | Learn More | |
Webull | Charles Schwab | |
|---|---|---|
Up to $100 Transfer Fee Reimbursement - | $0 Commissions on Online Stock, ETF, and Options Trades - | |
Benefits and Features | ||
| Stock Trading | $0 commission on U.S. stocks and ETFs | |
| Options Trading | ||
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading | $0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds | |
| Commission Free ETFs | 2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™. | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | Yes (customerservices@webull.us) | |
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Penny Stocks | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | Experienced investors; Active traders | |
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | Yes (4.7 stars, 296.2k ratings) | |
| Android App | ||
| Banking | ||
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | ||
| Forex Trading | ||
| Futures Trading | ||
| Bond Trading | ||
| CFD Trading | ||
| Currency Trading | ||
| Customer Service | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | Desktop, Web Trading, Mobile Apps | Desktop, Web Trading, Mobile Apps |
| Virtual Trading | Yes. Free paper trading account with unlimited fake money | |
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| ||
| Stock Trading |   |  |
| Options Trading | | |
| Mobile App | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Mutual Fund Trading | | |
| Online Platform | | |
| Banking | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good free trading app for more experienced investors... | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... |
| Visit Site | Learn More | |
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 01/22/2025. | ||
Up to $100 Transfer Fee Reimbursement
Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.
$0 Commission on 50 Futures Contracts
Open a Futures account and make a single initial deposit of $500 or more during the promotion period. Get $0 commission on up to 50 Futures contracts and free CME Level 2 Market Data for 3 months. Terms and conditions apply.
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
Is Webull Safe
Articles on Charles Schwab
Charles Schwab
Which Do You Think is Best?
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