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.
Visit Site | Learn More | |
Webull | WealthSimple | |
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20 Free Fractional Shares - | Wealthsimple Cash Account - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | 0.5% for accounts up to $100k; 0.4% for accounts over $100k | |
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | ||
Commission Free ETFs | ||
Phone Support | Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET | |
Live Chat Support | ||
Email Support | Yes (customerservices@webull.us) | |
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Penny Stocks | ||
Tax Loss Harvesting | Available for accounts over $100,000 | |
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 | |
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 | ||
Pros & Cons | Pros:
| |
Bottom Line | Good free trading app for more experienced investors... | |
Visit Site | Learn More | |
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20 Free Fractional Shares
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.
40 Free Fractional Shares
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.
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.