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Interactive Brokers vs Webull 2021

Is Interactive Brokers better than Webull? After testing 11 of the best online brokers over three months, Interactive Brokers (95.07%) is better than Webull (65.17%). Once again, in 2021, Interactive Brokers is our top pick for professionals because of its institutional-grade desktop trading platform and rock bottom margin rates. Professionals aside, Interactive Brokers also appeals to casual investors with $0 trades and its user-friendly web platform.


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Overall Rating

Feature Interactive Brokers Webull
Overall 5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 2.5
Platforms & Tools 4.5 3
Mobile Trading 4.5 4
Research 5 2.5
Education 4 1.5
Ease of Use 4 5
Interactive Brokers Review Webull Review
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Trading Fees

Feature Interactive Brokers Webull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $14.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $0.85 N/A
Broker Assisted Trades Fee $30.00 N/A

Margin Rates

Feature Interactive Brokers Webull
Under $24,999.99 1.59% 6.99%
$25,000.00 to $49,999.99 1.59% 6.49%
$50,000.00 to $99,999.99 1.59% 6.49%
$100,000.00 to $249,999.99 1.29% 5.99%
$250,000.00 to $499,999.99 1.19% 5.49%
$500,000.00 to $999,999.99 1.14% 4.99%
Above $1,000,000.00 0.75% 4.99%

Account Fees

Feature Interactive Brokers Webull
IRA Annual Fee $0.00 N/A
IRA Closure Fee $0.00 N/A
Account Transfer Out (Partial) $0.00 $75.00
Account Transfer Out (Full) $0.00 $75.00
Returned ACH Fee N/A $30.00
Returned Wire Fee N/A $30.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee N/A $5.00
Paper Confirmation Fee N/A $2.00
Domestic Wire Fee $10.00 $8.00
International Wire Fee $10.00 $12.50

Investment Options

Feature Interactive Brokers Webull
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes No
Forex Trading
No No
Crypto Trading No Yes
Mutual Funds (No Load)
8734 0
Mutual Funds (Total)
11080 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
No No
International Trading
Yes No
AI Assistant Bot
Yes No

Order Types

Feature Interactive Brokers Webull
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No

Trading Platforms

Feature Interactive Brokers Webull
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes Yes
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Heat Mapping
Yes No
Watch Lists - Total Fields
494 35

Charting Features

Feature Interactive Brokers Webull
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
121 44
Charting - Drawing Tools
9 14
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
No No
Charting - Study Customizations
6 2
Charting - Custom Studies
No Yes

Day Trading

Feature Interactive Brokers Webull
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes No
Short Locator
Yes No
Order Liquidity Rebates
Yes No

Mobile Trading Apps

Feature Interactive Brokers Webull
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Mobile Trading 4.5 4

Mobile App Features

Feature Interactive Brokers Webull
Watch List Syncing
Yes Yes
Stock Alerts
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No Yes
Charting - Study Customizations
Yes Yes
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 4

Research Overview

Feature Interactive Brokers Webull
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Interactive Brokers Webull
Stock Research - Reports
3 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No

ETF Research

Feature Interactive Brokers Webull
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No

Mutual Fund Research

Feature Interactive Brokers Webull
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
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 Yes
Mutual Funds - Country Allocation
Yes Yes
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No

Options Trading

Feature Interactive Brokers Webull
Option Chains - Streaming
Yes No
Option Chains - Total Columns
37 12
Option Chains - Greeks
4 5
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No

Beginners

Feature Interactive Brokers Webull
Education (Stocks)
Yes No
Education (ETFs)
Yes No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Fixed Income)
Yes No
Education (Retirement)
No No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
20 0
Webinars (Archived)
Yes No
Live Seminars
No No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No

Banking

Feature Interactive Brokers Webull
Retail Locations
0 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No

Overall

Feature Interactive Brokers Webull
Overall 5 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 5 2.5
Platforms & Tools 4.5 3
Mobile Trading 4.5 4
Research 5 2.5
Education 4 1.5
Ease of Use 4 5
Interactive Brokers Review Webull Review
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Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Interactive Brokers vs Webull.

Is Interactive Brokers or Webull better for beginners?
Interactive Brokers is better for beginner investors than Webull. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options) and Education (Fixed Income).

What about Interactive Brokers vs Webull pricing?
Interactive Brokers and Webull charge the same amount for regular stock trades, $0. For options trading, both Interactive Brokers and Webull charge the same base fee of $0. Each option contract then costs $0.65 at Interactive Brokers and $0 at Webull. For a complete commissions summary, see our best discount brokers guide.

Does Interactive Brokers or Webull offer a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than Webull. Interactive Brokers offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and International Trading. Looking at Mutual Funds, Interactive Brokers offers its clients access to 11080 different mutual funds while Webull has 0 available funds, a difference of 11,080.

Which trading platform is better: Interactive Brokers or Webull?
To compare the trading platforms of both Interactive Brokers and Webull, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Clients can have Checking Accounts and Debit Cards at Interactive Brokers while customers at Webull can have none of these.

Overall winner: Interactive Brokers

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All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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