Written by StockBrokers.com
In this head to head comparison of Charles Schwab vs Webull, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
Charles Schwab vs Webull: If you want the widest menu of investment choices plus access to guidance, Charles Schwab is the safer bet; if you want crypto trading alongside stocks and options in one app, Webull stands out. Both brokers cover a lot, but Schwab adds mutual funds and advisor services, while Webull adds crypto (50 coins; Schwab offers none). Reflecting this, StockBrokers.com rates Schwab 4.5 stars and ranks it #3 of 14 for Range of Investments, versus Webull’s 4 stars and #8.
Both platforms offer stock trading (including OTC stocks), margin trading, fractional shares, options trading, forex, and futures. Each supports Traditional and Roth IRA accounts, so long-term savers can invest with tax advantages at either broker.
Key differences: Schwab offers mutual funds and advisor services for investors who want diversification and professional help. Webull does not offer mutual funds or advisor services, but it does offer crypto trading with 50 supported coins, while Schwab offers 0. Choose Schwab for mutual funds and advice-driven investing; choose Webull if having crypto in the same app as your stock and options trading matters most.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Account Feature - Margin Trading | Yes | Yes |
| Fractional Shares (Stocks) | Yes | Yes |
| OTC Stocks | Yes | Yes |
| Mutual Funds | Yes | No |
| Options Trading | Yes | Yes |
| Futures Trading | Yes | Yes |
| Crypto Trading | No | Yes |
| Crypto Trading - Total Coins | 0 | 50 |
| Range of Investments |
|
|
Dive deeper: Best Options Trading Platforms for 2026, Best Futures Trading Platforms for 2026
If you’re deciding between Charles Schwab and Webull for trading platforms and tools, Schwab takes the lead. Schwab earns 4.5 out of 5 stars and ranks #1 of 14 brokers at StockBrokers.com, while Webull scores 3 stars and ranks #9. Both cover the basics across desktop and web with paper trading, but Schwab supplies far more depth and flexibility, making it the better pick for traders who want richer data and tighter control.
Platform access is a draw: both brokers offer downloadable apps for Windows and Mac plus a browser-based platform. Each lets you paper trade and adjust open orders right on a stock chart, and both support saving multiple chart layouts, creating custom studies, adding notes, showing your historical trades, and displaying corporate events. Schwab goes a step further with a built-in trading journal (Webull does not) and the ability to set custom date ranges on charts (Webull cannot).
Charting and watchlists are where the gap widens. Schwab provides 580 watchlist columns versus Webull’s 35, 374 technical indicators versus 52, and 24 drawing tools versus 19. When editing a simple moving average study, Schwab offers 35 customization fields compared with Webull’s 2, and both can display automated chart patterns. Bottom line: Webull covers the essentials, but Schwab delivers far greater customization for analyzing and tracking trades.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Mac) | Yes | Yes |
| Paper Trading | Yes | Yes |
| Watchlists - Total Fields | 580 | 35 |
| Charting - Indicators / Studies | 374 | 52 |
| Charting - Drawing Tools | 24 | 19 |
| Advanced Trading |
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Dive deeper: Best Stock Brokers for 2026, Best Paper Trading Apps & Platforms for 2026
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Both Charles Schwab and Webull offer strong beginner-friendly education. Each platform covers stocks, ETFs, options, and bonds, plus paper trading so you can practice without risking real money. You’ll find videos, webinars, quizzes, and tools to track your learning progress on both. One key difference: Schwab also teaches mutual funds, while Webull does not.
If you want the most complete learning path, Schwab stands out. It earns 5 stars for education and ranks #2 out of 14 brokers on StockBrokers.com. Webull is helpful for quick lessons and hands-on practice, but it’s rated 3 stars and ranks #10 out of 14. For new investors who want broader topics and a clearer path from basics to advanced concepts, Schwab is the stronger choice; for casual learners focused on trading practice, Webull can still fit the bill.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | No |
| Education (Fixed Income) | Yes | Yes |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2026
Bottom line: For a mobile stock trading app, Charles Schwab takes the edge. It holds a 5-star rating and the #1 spot out of 14 brokers from StockBrokers.com, while Webull earns 4.5 stars and ranks #4. Both apps cover the essentials across iPhone, Android, and Apple Watch, with streaming quotes, options trading, alerts, and flexible charts. Schwab pulls ahead with live TV, on-demand videos, far more technical studies (373 vs 56), and customizable watch list columns. Schwab supports mobile after-hours trading; Webull’s status for mobile after-hours trading wasn’t specified in the information provided.
On availability and core trading features, both Charles Schwab and Webull offer iPhone, Android, and Apple Watch apps. You can trade options on mobile and set stock alerts in either app, and both deliver streaming quotes to stay on top of price moves. Each lets you create custom watch lists; however, only Schwab lets you customize the columns in those lists. Schwab includes mobile after-hours trading, while the provided details did not confirm whether Webull offers after-hours trading on mobile.
Charting is strong on both apps, with after-hours charting, landscape mode, multiple time frames, and the ability to compare symbols on the same chart. The difference is depth: Schwab offers 373 technical studies compared with 56 on Webull. For market education and news, Schwab also includes streaming live TV and videos on demand, while Webull does not offer those media features.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - After-Hours | Yes | Yes |
| Charting - Technical Studies | 373 | 56 |
| Mobile Trading Apps |
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|
Dive deeper: Best Stock Trading Apps for 2026
Both Charles Schwab and Webull have $0 minimum deposits and $0 stock trade commissions, but the rest of their fees point in different directions. Webull is generally cheaper for options and margin users, while Schwab can be the lower-cost choice if you expect to transfer your account. Both brokers keep IRA fees and options exercise/assignment charges at $0.
Trading costs: minimum deposit is $0 at both. Stock trades are $0 at both. For options, Schwab charges $0.65 per contract, while Webull charges $0 per contract. Options exercise and assignment are $0 at both. Margin rates are lower at Webull across common tiers: under $25,000, Schwab 12.58% vs Webull 8.74%; $25,000–$49,999, Schwab 12.08% vs Webull 8.74%; $50,000–$99,999, Schwab 11.13% vs Webull 8.74%.
Account-level fees: IRA annual fees are $0 at both, and closing an IRA is also $0. For account transfers (ACAT), Schwab’s partial transfer is $0 while Webull’s is $75; full transfers cost $50 at Schwab and $75 at Webull.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $0.00 | $0.00 |
| Options (Per Contract) | $0.65 | $0.00 |
| Options Exercise Fee | $0.00 | $0.00 |
| Options Assignment Fee | $0.00 | $0.00 |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $0.00 | $0.00 |
Dive deeper: Best Free Trading Platforms for 2026
When considering Charles Schwab and Webull for day trading, there are notable differences in the tools and features they offer. Charles Schwab provides a comprehensive suite of tools ideal for active traders, including streaming time and sales for stocks, streaming live TV, direct market routing, and ladder trading. Additionally, Schwab offers the convenience of trading hotkeys and detailed insights with level 2 quotes. For traders interested in testing their strategies, Schwab supports both basic and advanced strategy backtesting, along with a short locator tool to view real-time shares available for shorting.
In contrast, Webull also supports key day trading functionalities such as streaming time and sales, ladder trading, trading hotkeys, and level 2 quotes. However, Webull does not offer streaming live TV, direct market routing, or the ability to perform basic or advanced strategy backtesting. Additionally, Webull lacks a short locator tool, which might be a consideration for those looking to short stocks. Neither platform provides order liquidity rebates, making them equally matched in this particular aspect. Each platform has its own strengths, and potential users should consider which features align best with their trading needs.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | Yes | No |
| Direct Market Routing - Equities | Yes | No |
| Level 2 Quotes - Stocks | Yes | Yes |
| Trade Ideas - Backtesting | Yes | No |
| Trade Ideas - Backtesting Adv | Yes | No |
| Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms of 2026 for Beginners and Active Traders
If market research is a priority, Charles Schwab is the stronger choice over Webull. Schwab is rated 4.5 stars and ranked #2 out of 14 brokers by StockBrokers.com, while Webull holds 3 stars and ranks #8. Schwab covers more asset types, offers more ways to find ideas, and supplies downloadable reports; Webull suits quick, app-based checks and social sentiment, but it omits many fund and fixed‑income tools.
Both brokers provide stock and ETF research plus Pink Sheets/OTCBB data and stock research using social media sentiment. Schwab goes further with mutual fund and bond research, ESG research, and a portfolio allocation view by asset class; Webull does not offer those.
Schwab delivers seven downloadable PDF research reports for stocks and also offers PDF reports for ETFs. Webull offers zero downloadable PDF reports for stocks and none for ETFs or mutual funds. For trade ideas, both have a stock screener, but only Schwab adds ETF, mutual fund, and bond screeners; neither broker provides PDF research for mutual funds.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Research - Stocks | Yes | Yes |
| Screener - Stocks | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Screener - ETFs | Yes | No |
| Research - Mutual Funds | Yes | No |
| Screener - Mutual Funds | Yes | No |
| Research - Fixed Income | Yes | No |
| Screener - Fixed Income | Yes | No |
| Research |
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When comparing Charles Schwab and Webull for their banking capabilities, Charles Schwab clearly stands out with a comprehensive range of services tailored to meet various financial needs. Charles Schwab offers clients access to checking and savings accounts, both essential for managing day-to-day expenses and long-term savings. Additionally, Schwab provides debit and credit card options, adding convenience for purchases and financial flexibility. For those considering home ownership, Schwab's mortgage loan services can support such major life investments. Furthermore, Schwab offers Certificates of Deposit (CDs) for secure, interest-bearing savings, appealing to those seeking a stable financial growth option. On the other hand, Webull does not currently offer these banking services, focusing primarily on standalone investment solutions, which may be preferable for users seeking a broker without extra banking features.
| Feature |
Charles Schwab
|
Webull
|
|---|---|---|
| Checking Accounts | Yes | No |
| Savings Accounts | Yes | No |
| Debit Cards | Yes | No |
| Credit Cards | Yes | No |
| Mortgage Loans | Yes | No |
| Brokerage CDs | Yes | No |
Dive deeper: Best Brokerage Checking Accounts for 2026
After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that Charles Schwab is better than Webull. Charles Schwab finished with an overall score of 93.3%, while Webull finished with a score of 69.9%.
For most investors, the search for a great broker ends with Charles Schwab. Retaining the #1 Overall ranking in 2026, Schwab continues to set the industry standard. The broker uniquely balances scale with sophistication, offering both simplified mobile tools and the professional-grade thinkorswim platform. From buying a first fractional share to managing a multimillion-dollar estate, Schwab provides a platform tailored to every need, serving as the definitive operating system for modern wealth.
Charles Schwab vs Webull for crypto trading: Charles Schwab offers no cryptocurrency trading (0 coins), while Webull supports crypto trading with 50 coins. As a result, only Webull provides access to cryptocurrencies between these two brokers.
Dive deeper: Best Online Brokers for Crypto Trading in 2026
Both Charles Schwab and Webull offer traditional and Roth IRA accounts with no annual or closure fees, making them attractive options for cost-conscious investors.
Dive deeper: Best IRA Accounts for 2026
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0 of 5| Overall Rating | Charles Schwab | Webull | |
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| Review | Charles Schwab Review | Webull Review |
| Broker Screenshots | Charles Schwab | Webull | |
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| Trading Fees | Charles Schwab | Webull | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | $6.95 | N/A | |
| Mutual Fund Trade Fee | Varies | N/A | |
| Options (Per Contract) | $0.65 | $0.00 | |
| Futures (Per Contract) | $2.25 | $1.25 | |
| Broker Assisted Trade Fee | $25 | N/A |
| Margin Rates | Charles Schwab | Webull | |
|---|---|---|---|
| Margin Rate Under $25,000 | 12.58% | 8.74% | |
| Margin Rate $25,000 to $49,999.99 | 12.08% | 8.74% | |
| Margin Rate $50,000 to $99,999.99 | 11.13% | 8.74% | |
| Margin Rate $100,000 to $249,999.99 | 11.08% | 8.74% | |
| Margin Rate $250,000 to $499,999.99 | 10.83% | 8.74% | |
| Margin Rate $500,000 to $999,999.99 | Varies | 8.74% | |
| Margin Rate Above $1,000,000 | Varies | 8.74% |
| Account Fees | Charles Schwab | Webull | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $0.00 | $0.00 | |
| Account Transfer Out (Partial) | $0.00 | $75.00 | |
| Account Transfer Out (Full) | $50.00 | $75.00 | |
| Options Exercise Fee | $0.00 | $0.00 | |
| Options Assignment Fee | $0.00 | $0.00 |
| Investment Options | Charles Schwab | Webull | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Account Feature - Margin Trading | Yes | Yes | |
| Fractional Shares (Stocks) | Yes | Yes | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 4 | |
| Futures Trading | Yes | Yes | |
| Forex Trading | Yes | Yes | |
| Crypto Trading | No | Yes | |
| Crypto Trading - Total Coins | 0 | 50 | |
| Fixed Income (Treasurys) | Yes | Yes | |
| Fixed Income (Corporate Bonds) | Yes | Yes | |
| Fixed Income (Municipal Bonds) | Yes | No | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | Yes | No | |
| International Countries (Stocks) | 12 | 0 |
| Order Types | Charles Schwab | Webull | |
|---|---|---|---|
| Order Type - Market | Yes | Yes | |
| Order Type - Limit | Yes | Yes | |
| Order Type - After Hours | Yes | Yes | |
| Order Type - Stop | Yes | Yes | |
| Order Type - Trailing Stop | Yes | Yes | |
| Order Type - OCO | Yes | Yes | |
| Order Type - OTO | Yes | Yes | |
| Order Type - Broker Assisted | Yes | No |
| Beginners | Charles Schwab | Webull | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | Yes | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | Yes | No | |
| Education (Fixed Income) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | No | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | Yes | Yes | |
| Videos | Yes | Yes | |
| Webinars | Yes | Yes | |
| Progress Tracking | Yes | Yes | |
| Interactive Learning - Quizzes | Yes | Yes |
| Stock Trading Apps | Charles Schwab | Webull | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | Yes | Yes | |
| Trading - Stocks | Yes | Yes | |
| Trading - After-Hours | Yes | Yes | |
| Trading - Simple Options | Yes | Yes | |
| Trading - Complex Options | Yes | Yes | |
| Order Ticket RT Quotes | Yes | Yes | |
| Order Ticket SRT Quotes | Yes | Yes |
| Stock App Features | Charles Schwab | Webull | |
|---|---|---|---|
| Mobile Research - Market Movers | Yes | Yes | |
| Stream Live TV | Yes | No | |
| Videos on Demand | Yes | No | |
| Stock Alerts | Yes | Yes | |
| Option Chains Viewable | Yes | Yes | |
| Watchlist (Real-time) | Yes | Yes | |
| Watchlist (Streaming) | Yes | Yes | |
| Mobile Watchlists - Create & Manage | Yes | Yes | |
| Mobile Watchlists - Column Customization | Yes | No |
| Stock App Charting | Charles Schwab | Webull | |
|---|---|---|---|
| Charting - After-Hours | Yes | Yes | |
| Charting - Can Turn Horizontally | Yes | Yes | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 373 | 56 | |
| Charting - Study Customizations | Yes | Yes | |
| Charting - Stock Comparisons | Yes | Yes |
| Trading Platforms | Charles Schwab | Webull | |
|---|---|---|---|
| Active Trading Platform | thinkorswim | N/A | |
| Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Mac) | Yes | Yes | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | Yes | Yes | |
| Trade Journal | Yes | No | |
| Watchlists - Total Fields | 580 | 35 |
| Stock Chart Features | Charles Schwab | Webull | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | Yes | |
| Charting - Indicators / Studies | 374 | 52 | |
| Charting - Drawing Tools | 24 | 19 | |
| Charting - Notes | Yes | Yes | |
| Charting - Historical Trades | Yes | Yes | |
| Charting - Corporate Events | Yes | Yes | |
| Charting - Custom Date Range | Yes | No | |
| Charting - Custom Time Bars | Yes | No | |
| Charting - Automated Analysis | Yes | Yes | |
| Charting - Save Profiles | Yes | Yes | |
| Trade Ideas - Technical Analysis | Yes | Yes | |
| Charting - Study Customizations | 35 | 2 | |
| Charting - Custom Studies | Yes | Yes |
| Day Trading | Charles Schwab | Webull | |
|---|---|---|---|
| Streaming Time & Sales | Yes | Yes | |
| Streaming TV | Yes | No | |
| Direct Market Routing - Equities | Yes | No | |
| Ladder Trading | Yes | Yes | |
| Trade Hot Keys | Yes | Yes | |
| Level 2 Quotes - Stocks | Yes | Yes | |
| Trade Ideas - Backtesting | Yes | No | |
| Trade Ideas - Backtesting Adv | Yes | No | |
| Short Locator | Yes | No | |
| Order Liquidity Rebates | No | No |
| Research Overview | Charles Schwab | Webull | |
|---|---|---|---|
| Research - Stocks | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Mutual Funds | Yes | No | |
| Research - Pink Sheets / OTCBB | Yes | Yes | |
| Research - Fixed Income | Yes | No | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | Yes | No | |
| Screener - Mutual Funds | Yes | No | |
| Screener - Fixed Income | Yes | No | |
| Portfolio Asset Allocation | Yes | No |
| Stock Research | Charles Schwab | Webull | |
|---|---|---|---|
| Stock Research - PDF Reports | 7 | 0 | |
| Stock Research - Earnings | Yes | Yes | |
| Stock Research - Insiders | Yes | Yes | |
| Stock Research - Social | Yes | Yes | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | Yes | No | |
| Stock Research - SEC Filings | Yes | Yes |
| ETF Research | Charles Schwab | Webull | |
|---|---|---|---|
| ETFs - Investment Objective | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | Yes | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Total Assets | Yes | Yes | |
| ETF Fund Facts - Total Holdings | Yes | Yes | |
| ETFs - Top 10 Holdings | Yes | Yes | |
| ETFs - Sector Exposure | Yes | Yes | |
| ETFs - Risk Analysis | Yes | No | |
| ETFs - Ratings | Yes | Yes | |
| ETFs - Morningstar StyleMap | Yes | No | |
| ETFs - PDF Reports | Yes | No |
| Mutual Fund Research | Charles Schwab | Webull | |
|---|---|---|---|
| Mutual Funds - Investment Objective | Yes | No | |
| Mutual Funds - Performance Chart | Yes | No | |
| Mutual Funds - Performance Analysis | Yes | No | |
| Mutual Funds - Prospectus | Yes | No | |
| Mutual Funds - 3rd Party Ratings | Yes | No | |
| Mutual Funds - Fees Breakdown | Yes | No | |
| Mutual Funds - Top 10 Holdings | Yes | Yes | |
| Mutual Funds - Asset Allocation | Yes | No | |
| Mutual Funds - Sector Allocation | Yes | No | |
| Mutual Funds - Country Allocation | Yes | No | |
| Mutual Funds - StyleMap | Yes | No |
| Options Trading | Charles Schwab | Webull | |
|---|---|---|---|
| Option Chains - Total Greeks | 5 | 5 | |
| Option Analysis - P&L Charts | Yes | Yes |
| Banking | Charles Schwab | Webull | |
|---|---|---|---|
| Bank (Member FDIC) | Yes | No | |
| Checking Accounts | Yes | No | |
| Savings Accounts | Yes | No | |
| Credit Cards | Yes | No | |
| Debit Cards | Yes | No | |
| Mortgage Loans | Yes | No |
| Customer Service | Charles Schwab | Webull | |
|---|---|---|---|
| Phone Support (Prospective Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | Yes | Yes | |
| Live Chat (Prospective Customers) | No | No | |
| Live Chat (Current Customers) | Yes | No | |
| 24/7 Support | Yes | No |
| Overall | Charles Schwab | Webull | |
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| Winner | check_circle | ||
| Review | Charles Schwab Review | Webull Review |
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