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Webull vs WealthSimple

Webull is a good free trading app for more experienced investors. How does it compare to WealthSimple? 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 WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.

Compare Webull with WealthSimple, side-by-side.

 WebullWealthSimple
 Visit SiteLearn More
 

Webull

WealthSimple

SPECIAL OFFER
20 Free Fractional Shares - Learn More

Read Webull Review

SPECIAL OFFER
Wealthsimple Cash Account - Learn More

 

Benefits and Features

Stock Trading
$0
 
Options Trading
$0
 
Annual Fee
None
0.5% for accounts up to $100k; 0.4% for accounts over $100k
Cryptocurrency Trading
Yes (Webull Pay App)
 
Minimum Deposit
$0
$0
Mutual Fund Trading
No
 
Commission Free ETFs
Over 3,300 ETFs
 
Phone Support
24/7
Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Live Chat Support
None
No
Email SupportYes (customerservices@webull.us)
Yes
Human Advisors
No
Yes
Robo Advisor
Yes
Check
Assets Under Management
$15.7 Million
$2 Billion
Penny Stocks
Yes
 
Tax Loss Harvesting
No
Available for accounts over $100,000
Goal Tracker
No
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Not available
 
Good ForExperienced investors; Active traders 
Inactivity Fee
$0
 
Maintenance Fee
$0
 
Online Platform
Yes
Yes
iPhone AppYes (4.7 stars, 296.2k ratings)
Yes
Android App
Yes (4.3 stars, 188K ratings)
Yes
Banking
No
 
Mobile App
Yes
 
Desktop App
Yes
 
Two-Factor Authentication
Mobile Only
 
Forex Trading
No
 
Futures Trading
No
 
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer Service
24/7 via phone and email
 
Locations
Online only
 
Online Community
Yes
 
Seminars
Yes
 
Trading PlatformDesktop, Web Trading, Mobile Apps 
Virtual TradingYes. Free paper trading account with unlimited fake money 
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 WebullWealthSimple
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarHalf Star
Mobile AppStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty Star
Pros & ConsPros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Bottom LineGood free trading app for more experienced investors... Read full review
 Visit SiteLearn More

Wealthsimple Cash Account

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Webull

20 Free Fractional Shares

Expires in less than 1 hour

Open a new Webull individual brokerage account. Make a single initial deposit of $500 - $1,999.99 during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain a balance of $500 - $1,999.99 in the account for 30 days or more. Terms and conditions apply.

Webull

40 Free Fractional Shares

Expires in less than 1 hour

Open a new Webull individual brokerage account. Make a single initial deposit of $2,000 or more during the promotional period to get 40 fractional shares, each valued between $3 - $3,000. Maintain a balance of at least $2,000 in the account for 30 days or more. Terms and conditions apply.

Webull

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.

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


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.

Which Do You Think is Best?





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