Charles Schwab vs Webull 2025
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.
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.
For investors looking to choose between Charles Schwab and Webull, the assortment of investment options is a crucial aspect to consider. Charles Schwab clearly stands out with a broader range of products. It offers extensive possibilities, including stock, margin, fractional shares, mutual funds, options, forex, and futures trading. Webull, while competitive in some areas, does lack mutual funds and forex trading. Given these differences, Charles Schwab receives a commendable 5-star rating for its investment range, ranking second among 14 brokers on StockBrokers.com, whereas Webull holds a 4-star rating and ranks 11th.
Both Charles Schwab and Webull provide essential trading services like stocks and margin trading, accommodating both beginner and seasoned traders. Fractional shares and options trading are available on both platforms, catering to varying investment strategies. When it comes to futures trading, both brokers offer this service, providing more advanced investment opportunities. However, neither platform supports cryptocurrency trading, which could be a limitation for those interested in the burgeoning digital currency market.
In retirement planning, both Charles Schwab and Webull offer traditional and Roth IRA accounts, ensuring options for long-term savings. However, a key distinction lies in advisor services; Charles Schwab offers these personalized services, which can be beneficial for investors seeking expert guidance. In contrast, Webull lacks advisor services, which may be a consideration for those looking for additional support. Overall, weighing the broader investment offerings and support services, Charles Schwab may appeal more to investors looking for a comprehensive, guided experience. Meanwhile, Webull provides a streamlined platform, placing a stronger focus on straightforward trading activities.
Feature |
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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 | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
When deciding between Charles Schwab and Webull for online trading platforms and tools, Charles Schwab seems to have the edge. It is ranked as the top trading platform by StockBrokers.com and receives a perfect five-star rating, compared to Webull's four stars and seventh ranking. Both platforms offer a comprehensive array of tools and features, yet Charles Schwab excels in several areas, notably boasting a much higher number of watch list columns and technical indicators, as well as more customization options for chart features.
Both Charles Schwab and Webull provide impressive trading platforms that are compatible with Windows and Mac, and allow browser-based access. They also support paper trading and enable traders to adjust open orders directly on stock charts, add notes, and view historical trades and corporate events on charts. Each platform allows users to show automated technical analysis and save multiple chart profiles, but for technical traders, Charles Schwab stands out by offering over seven times the number of technical indicators than Webull and far more customization fields for editing studies like the SMA.
One area where Charles Schwab distinguishes itself is in offering a trading journal, something Webull lacks. Schwab also allows for custom date ranges on charts and a plethora of customization options. In conclusion, while both platforms are strong contenders with useful features, Charles Schwab provides a more comprehensive suite of tools and customization options, making it an ideal choice for traders looking for depth and flexibility in their trading experience.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | Yes |
Desktop Platform (Mac) | Yes | Yes |
Paper Trading | Yes | Yes |
Watch Lists - Total Fields | 580 | 35 |
Charting - Indicators / Studies | 374 | 52 |
Charting - Drawing Tools | 24 | 19 |
Platforms & Tools |
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Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
Charles Schwab and Webull both offer a comprehensive range of educational resources to help beginners and investors better understand the stock market. Charles Schwab shines with an extensive array of educational materials, offering in-depth education on stocks, ETFs, options, mutual funds, and bonds. Meanwhile, Webull provides solid learning tools for stocks, ETFs, and options, although it lacks resources for mutual funds and bonds. Both platforms support learners with paper trading, webinars, videos, and quizzes, allowing users to practice investment strategies in a risk-free environment. Additionally, both Charles Schwab and Webull feature tools to track your learning progress and ensure mastery of investing concepts over time.
When it comes to overall education ratings, Charles Schwab leads the pack with a flawless 5-star rating, while Webull holds a respectable 4-star rating. According to StockBrokers.com, Charles Schwab claims the top spot among 14 brokers for its educational resources, whereas Webull ranks at number 10. This distinction underscores Charles Schwab's commitment to providing a comprehensive learning experience that accommodates a wide range of investment vehicles, making it particularly appealing for those seeking thorough and diverse financial education.
Feature |
|
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | No |
Education (Fixed Income) | Yes | No |
Paper Trading | Yes | Yes |
Videos | Yes | Yes |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When considering stock trading apps, Charles Schwab and Webull both deliver compelling options for investors, but there are notable differences. Charles Schwab ranks as the top choice, offering a more comprehensive suite of features including streaming live TV and videos on demand. It also provides more customization options with custom watch list columns. Webull stands out for its user-friendly design and is a strong contender with a solid 4.5-star rating, while Charles Schwab holds a prestigious 5-star rating. Overall, for those seeking advanced features and flexibility, Charles Schwab might be the better option, while Webull appeals to those who value a straightforward experience.
Both platforms are accessible on iPhone, Android, and Apple Watch devices, ensuring users can trade and stay informed on the go. They each support mobile after-hours stock trading and options trading, making them versatile for active traders. Charles Schwab and Webull also cater to those who want timely updates with streaming quotes and customizable watchlists, though Schwab takes it further with customizable columns.
In terms of charting capabilities, both apps offer landscape viewing and multiple time frames, making in-depth analysis possible. However, Charles Schwab shines by offering a broader range of technical studies—373 compared to Webull’s 56—and provides the ability to display stock comparisons on charts. These sophisticated tools, along with Schwab’s number one ranking in stock trading apps, can provide traders with a more detailed and strategic approach to trading. Meanwhile, Webull delivers a straightforward and efficient user experience with essential functionalities.
Feature |
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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 2025
When choosing between Charles Schwab and Webull for your trading needs, it's important to consider their varying fee structures. Both platforms offer no minimum deposit and free regular stock trades, which is great news for new investors eager to start trading without upfront costs. However, for options traders, there's a notable difference: Charles Schwab charges $0.65 per options contract, while Webull offers them at no cost. On the other hand, consider that Charles Schwab provides account transfers (both partial and full) at a lower fee compared to Webull, adding another layer to your decision-making process.
Margin account holders may find Webull more appealing due to its significantly lower interest rates. For instance, for balances below $25,000, Webull charges 9.24% compared to Charles Schwab's 12.58%. This trend continues up the tier ladder, making Webull the more cost-effective choice for margin traders looking to optimize their borrowing costs. However, individual needs and strategic preferences should guide which broker aligns best with your trading goals.
Both Charles Schwab and Webull charge $0.00 for IRA annual and closure fees, making them suitable options for retirement accounts with no hidden fees. Additionally, neither platform imposes fees for options exercise or assignment, which allows for cost-free management of options-related activities. Selecting between these two brokers ultimately depends on your trading style and priorities regarding margin rates, options trading costs, and account management fees.
Feature |
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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 2025
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 |
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|
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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 2025 for Beginners and Active Traders
When it comes to market research capabilities, Charles Schwab stands out as the clear leader compared to Webull. Charles Schwab provides comprehensive research options for a variety of asset classes, including stocks, ETFs, mutual funds, Pink Sheets/OTCBB, and bonds, coupled with tools for evaluating portfolio allocation and ESG factors. Webull, on the other hand, covers fewer asset types and comes up short in areas like mutual funds and bonds research, as well as ESG insights. This breadth of research options has earned Charles Schwab a top spot as the number one ranked broker for market research by StockBrokers.com, compared to Webull's position at number nine.
Both Charles Schwab and Webull offer access to stock research and social media sentiment data, making it easier for investors to gauge public opinion and market trends. However, when it comes to downloadable PDF research reports, Charles Schwab offers considerably more resources, particularly for stocks and ETFs, while Webull does not provide any downloadable reports. Additionally, users can find stock and ETF screeners on both platforms, though Webull lacks screener options for mutual funds and bonds, which Charles Schwab supplies effectively.
Furthermore, Charles Schwab allows investors to see their portfolio allocation by asset class, a feature Webull does not currently offer. In terms of ratings, Charles Schwab's market research is awarded five stars, while Webull receives a more modest 2.5-star rating, reflecting Charles Schwab's superior offerings and clarity in providing detailed and varied research capabilities to its users. Overall, for investors who prioritize diverse and in-depth market research tools, Charles Schwab is the preferred choice over Webull.
Feature |
|
|
---|---|---|
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 |
|
|
---|---|---|
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 2025
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 99.2%, while Webull finished with a score of 81.0%.
With the addition of TD Ameritrade's thinkorswim platforms and the enhancement of several features, Schwab is now a vigorous competitor with thought-provoking research and commentary and a client experience to fit any preference.
When comparing online brokers Charles Schwab and Webull, it's important to note that neither platform currently offers cryptocurrency trading, with both providing access to zero coins in the crypto market.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
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 2025
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0 of 5Overall Rating | Charles Schwab | Webull | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease of Use |
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Winner | check_circle | ||
Review | Charles Schwab Review | Webull Review |
Broker Screenshots | Charles Schwab | Webull | |
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Broker Gallery (click to expand) |
Trading Fees | Charles Schwab | Webull | |
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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 | |
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Margin Rate Under $25,000 | 12.58% | 9.24% | |
Margin Rate $25,000 to $49,999.99 | 12.08% | 8.74% | |
Margin Rate $50,000 to $99,999.99 | 11.13% | 8.24% | |
Margin Rate $100,000 to $249,999.99 | 11.08% | 7.74% | |
Margin Rate $250,000 to $499,999.99 | 10.83% | 7.74% | |
Margin Rate $500,000 to $999,999.99 | Varies | 6.74% | |
Margin Rate Above $1,000,000 | Varies | 6.24% |
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 | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Fixed Income (Treasurys) | Yes | No | |
Fixed Income (Corporate Bonds) | Yes | No | |
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 | No | |
Education (Retirement) | Yes | No | |
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 | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | Yes | No | |
Videos on Demand | Yes | No | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - 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 | |
Watch Lists - 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 | No | |
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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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease of Use |
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Winner | check_circle | ||
Review | Charles Schwab Review | Webull Review |