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 | |
|---|---|---|
Fund Account and Get Up to $12,000 Bonus - | $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. | ||
Fund Account and Get Up to $12,000 Bonus
Open a new eligible Webull account. Fund the account with one or more qualifying deposits totaling $5,000 or more. Maintain a net qualifying funding amount of at least $5,000 in the account until the payment of the final installment of the offer reward. The offer reward will be credited to the eligible Webull account in 12 equal monthly installments, with the first installment issued within 45 days after the end of the offer period. To participate in this offer, you must click “Enroll Today” on the website. Terms and conditions apply.
| Net Qualifying Funding Amount | Offer Reward Amount |
|---|---|
| $5,000 - $25,000.99 | $100 |
| $25,001 - $100,000.99 | $750 |
| $100,001 - $250,000.99 | $1,500 |
| $250,001 - $500,000.99 | $3,750 |
| $500,001 - $1,000,000.99 | $5,000 |
| $1,000,001 - $5,000,000.99 | $8,000 |
| $5,000,001+ | $12,000 |
3 Free Fractional Shares
Open a new Webull individual brokerage account. Make a qualifying single initial deposit of $100 - $499.99 during the promotional period to get 3 fractional shares, each valued between $3 - $3,000. Maintain a balance of $100 - $499.99 in the account for 30 days or more. Terms and conditions apply.
20 Free Fractional Shares
Open a new Webull individual brokerage account. Make a qualifying single initial deposit of $500 or more during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain a balance of $500 or more in the account for 30 days or more. 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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