Interactive Brokers vs Webull 2025
In this head to head comparison of Interactive Brokers 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 Interactive Brokers vs Webull, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When choosing between Interactive Brokers and Webull, the range of available investment options is a key consideration. Interactive Brokers stands out with a five-star rating for its variety of offerings, earning the top spot among 14 brokers according to StockBrokers.com. This is largely due to its comprehensive selection, including stocks, margin trading, fractional shares, OTC stocks, mutual funds, options, forex, futures, and cryptocurrency trading with 11 coins. In contrast, Webull, while still robust with stocks, margin and fractional share trading, OTC stocks, options, and futures, lacks mutual fund and cryptocurrency options, offering it a four-star rating and an 11th place ranking among peers. Both platforms offer traditional and Roth IRA accounts, catering to diverse retirement planning needs without providing advisor services.
With both platforms offering stock trading, users seeking a more traditional investment route will find both suitable for their needs. However, Interactive Brokers offers a wider range of assets, such as mutual funds and forex, which enhances its appeal to investors looking for greater diversification. On the other hand, Webull provides a user-friendly platform that is particularly appealing to newcomers looking to start their financial journey.
Ultimately, the choice between Interactive Brokers and Webull may come down to specific investment goals and the desired breadth of investment products. For those who prioritize a comprehensive range of investments, particularly those interested in trading currencies and mutual funds, Interactive Brokers presents a more complete package. Meanwhile, Webull serves as an accessible entry point for new investors, despite having fewer investment options. Both platforms share strengths like robust stock and options trading, appealing to different investor preferences.
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 | Yes | No |
Crypto Trading - Total Coins | 11 | 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
In the realm of trading platforms and tools, Interactive Brokers stands out over Webull, primarily due to its extensive features and customization options. With a top-tier rating of 5 stars for its trading platforms and tools, Interactive Brokers ranks second among 14 brokers, according to StockBrokers.com. Webull, though solid with a 4-star rating, ranks seventh, showcasing a more limited framework geared towards newer investors or those focused on straightforward trades.
Both Interactive Brokers and Webull provide Windows and Mac desktop platforms, as well as browser-based interfaces, catering to a wide range of user preferences. They both support paper trading, the ability to adjust open orders directly on stock charts, add notes, and display historical trades and corporate events on charts. However, Interactive Brokers offers a trading journal, while Webull does not, and provides an impressive 659 fields for watch lists, compared to Webull's 35. When it comes to technical indicators and drawing tools, Interactive Brokers again leads with 155 indicators and 85 tools, as opposed to Webull's 52 indicators and 19 tools.
Chart customization reflects another significant area of divergence between the two. Interactive Brokers supports custom date ranges and features six customization fields for editing an SMA study, whereas Webull lacks custom date ranges and offers just two fields for SMA customization. Although Webull allows for the creation of custom studies, it is insufficient to overcome the depth of Interactive Brokers' charting capabilities. As a result, Interactive Brokers offers a more comprehensive package for users seeking sophisticated trading insights and personalized experiences.
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 | 659 | 35 |
Charting - Indicators / Studies | 155 | 52 |
Charting - Drawing Tools | 85 | 19 |
Platforms & Tools |
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Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
Interactive Brokers and Webull both offer a range of educational resources for beginners and more experienced investors alike. Both platforms provide stock, ETF, and options education, along with instructional videos, webinars, and educational quizzes to enhance users' knowledge. Importantly, both platforms support paper trading, allowing users to practice strategies without financial risk. However, Interactive Brokers extends its educational offerings further with resources on mutual funds and bonds, areas not covered by Webull. Both platforms also feature tools for tracking learning progress, helping users monitor their educational journey and development.
In terms of overall education quality, Interactive Brokers receives high praise with a five-star rating, while Webull trails slightly with a four-star rating. According to StockBrokers.com, Interactive Brokers ranks third out of 14 brokers for its educational services, demonstrating its strong commitment to investor education. Meanwhile, Webull is ranked tenth, reflecting a solid offering but with room for growth compared to its competitor. When choosing an online broker, aspiring investors may want to consider Interactive Brokers for its more comprehensive educational tools, especially those interested in mutual funds and bonds education. However, Webull remains a valuable option for those focused on a simpler range of investment education topics.
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 it comes to stock trading app capabilities, Interactive Brokers edges out Webull in several areas. Interactive Brokers is highly rated, scoring 5 out of 5 stars, and ranks second among 14 brokers according to StockBrokers.com. In contrast, Webull holds a 4.5-star rating and ranks fifth. Both platforms offer mobile apps for iPhone, Android, and Apple Watch, but Interactive Brokers provides added features like streaming live TV and videos on demand, giving it a slight advantage for those seeking comprehensive market insights through mobile platforms.
Interactive Brokers and Webull both enable users to trade after-hours and offer functionalities such as stock alerts, custom watch lists, and after-hours charting. However, only Interactive Brokers allows users to customize watch list columns, providing an extra layer of personalization for traders. Additionally, for those who focus on technical analysis, Interactive Brokers offers a more extensive selection with 97 technical studies compared to Webull's 56.
Webull does provide some unique advantages, particularly with its ability to display stock comparisons on charts, which Interactive Brokers lacks. Both platforms support viewing charts in landscape mode and various time frames, ensuring a versatile trading experience. Ultimately, while both applications have their strengths, Interactive Brokers stands out for its breadth of features, making it a preferred choice for many traders seeking an all-encompassing mobile trading experience.
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 | 97 | 56 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When comparing Interactive Brokers and Webull, both platforms offer distinct advantages depending on your trading needs. Both brokers require no minimum deposit, offer commission-free stock trading, and impose no fees for IRA accounts or their closure. However, Interactive Brokers stands out with its lower margin rates for balances under $100,000 and has no charges for partial or full account transfers, unlike Webull which charges $75 for these transfers. On the other hand, Webull offers free trading for options contracts, while Interactive Brokers charges $0.65 per contract.
Interactive Brokers emerges as a favorable choice for traders interested in margin trading due to its competitive rates across all levels. It is particularly cost-effective for those with higher balances, as its rates remain steady at 7.33% for balances below $100,000, whereas Webull's rates fluctuate and are generally higher. Additionally, Interactive Brokers charges no fees for account transfers, making it more attractive for customers who may consider moving their portfolios in the future. Moreover, Interactive Brokers and Webull both excel in terms of no charges for options exercise and assignment fees, posing a clear benefit for options traders.
Webull, on the other hand, provides significant advantages for options traders by offering free options trading, a notable perk compared to Interactive Brokers' $0.65 fee per contract. Despite its higher margin rates compared to Interactive Brokers, Webull’s fee-free structure for options trading makes it a compelling choice for those primarily focused on this type of trading. Ultimately, your choice between Interactive Brokers and Webull will depend on your specific trading strategies and which fee structure aligns best with your financial goals.
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 comparing the day trading capabilities of Interactive Brokers and Webull, traders will find various advantageous features in each platform. Both brokers provide essential tools like streaming time and sales data for stocks, ladder trading, trading hotkeys for seamless trade entries, and level 2 quotes, allowing traders to stay updated with vital market data. However, Interactive Brokers takes the lead with extra features that enhance the day trading experience. For those interested in the latest market news and analysis, Interactive Brokers offers streaming live TV, a feature absent in Webull.
Interactive Brokers also shines with sophisticated functionalities such as direct market routing, which is not available with Webull, and the offering of a short locator tool to view the real-time availability of shares available to short. Furthermore, traders on Interactive Brokers can benefit from both basic and advanced strategy backtesting, as well as order liquidity rebates. These features may appeal to traders looking for a more comprehensive trading platform. Meanwhile, Webull offers a simplified approach, which might attract newer traders, but lacks some advanced tools that seasoned traders might find essential.
Feature |
|
|
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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 for 2025
When evaluating the market research capabilities of Interactive Brokers and Webull, it's clear that Interactive Brokers leads the way in providing comprehensive resources for different types of investments. Whether you're looking for detailed reports on stocks, ETFs, or even mutual funds, Interactive Brokers offers a broader range of tools compared to Webull. Interactive Brokers is rated with 5 stars for market research and is positioned at #4 among 14 brokers, while Webull holds a rating of 2.5 stars, ranking #9. This summary highlights Interactive Brokers' all-encompassing offerings and earns it the edge in market research capabilities.
Interactive Brokers provides users with research options for stocks, ETFs, mutual funds, and bonds, which allows investors to carefully analyze a wide variety of asset classes. Webull also offers research on stocks and ETFs but falls short when it comes to mutual funds and bonds, missing key resources that might be critical to some investors. Interactive Brokers excels with 15 downloadable PDF reports for stocks and even offers reports for ETFs and mutual funds, a feature not available with Webull. Additionally, they both utilize social media sentiment data for stock research, enhancing their functionality for tech-savvy traders.
Features like a visual representation of portfolio allocation by asset class are available at Interactive Brokers, further assisting an investor’s decision-making process. Both platforms provide stock screeners for trade ideas, but while Interactive Brokers extends its screening capabilities to ETFs and bonds, Webull does not cover these areas. Moreover, Interactive Brokers includes ESG research as part of its offerings, appealing to those interested in sustainable investing, whereas Webull does not, positioning Interactive Brokers as the superior choice in market research offerings.
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 it comes to banking services, both Interactive Brokers and Webull may leave traditional banking enthusiasts wanting more, as neither of them offers checking or savings accounts, nor do they provide debit or credit cards. If you're hoping to find mortgage loan options with either platform, you will be disappointed, as these are not available. One noticeable difference, however, is that Interactive Brokers offers Certificates of Deposit (CDs), which gives it an edge for users interested in secure, interest-earning options. In contrast, Webull does not offer CDs, making Interactive Brokers the preferred choice for those specifically interested in this kind of investment product.
Feature |
|
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | 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 Interactive Brokers is better than Webull. Interactive Brokers finished with an overall score of 96.9%, while Webull finished with a score of 81.0%.
Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.
Interactive Brokers provides crypto trading with access to 11 different coins, while Webull currently does not offer any crypto trading options.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Interactive Brokers and Webull both provide a comprehensive range of retirement account options, including traditional and Roth IRAs, without any annual or closure fees, making them both cost-effective choices for online brokerage services.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | Interactive Brokers | 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 | Interactive Brokers Review | Webull Review |
Broker Screenshots | Interactive Brokers | Webull | |
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Broker Gallery (click to expand) |
Trading Fees | Interactive Brokers | Webull | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $0.01 | N/A | |
Mutual Fund Trade Fee | $14.95 | N/A | |
Options (Per Contract) | $0.65 | $0.00 | |
Futures (Per Contract) | $0.85 | $1.25 | |
Broker Assisted Trade Fee | Varies | N/A |
Margin Rates | Interactive Brokers | Webull | |
---|---|---|---|
Margin Rate Under $25,000 | 7.33% | 9.24% | |
Margin Rate $25,000 to $49,999.99 | 7.33% | 8.74% | |
Margin Rate $50,000 to $99,999.99 | 7.33% | 8.24% | |
Margin Rate $100,000 to $249,999.99 | 7.33% | 7.74% | |
Margin Rate $250,000 to $499,999.99 | 7.33% | 7.74% | |
Margin Rate $500,000 to $999,999.99 | 7.33% | 6.74% | |
Margin Rate Above $1,000,000 | 7.33% | 6.24% |
Account Fees | Interactive Brokers | Webull | |
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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) | $0.00 | $75.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Interactive Brokers | 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 | 6 | 4 | |
Futures Trading | Yes | Yes | |
Forex Trading | Yes | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 11 | 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 | No | No | |
International Countries (Stocks) | 34 | 0 |
Order Types | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers | Webull | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | Yes | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 97 | 56 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | No | Yes |
Trading Platforms | Interactive Brokers | Webull | |
---|---|---|---|
Active Trading Platform | Trader Workstation (TWS) | 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 | 659 | 35 |
Stock Chart Features | Interactive Brokers | Webull | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 155 | 52 | |
Charting - Drawing Tools | 85 | 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 | 6 | 2 | |
Charting - Custom Studies | No | Yes |
Day Trading | Interactive Brokers | 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 | Yes | No |
Research Overview | Interactive Brokers | 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 | Interactive Brokers | Webull | |
---|---|---|---|
Stock Research - PDF Reports | 15 | 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 | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers | Webull | |
---|---|---|---|
Option Chains - Total Greeks | 5 | 5 | |
Option Analysis - P&L Charts | Yes | Yes |
Banking | Interactive Brokers | Webull | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | No | No | |
Mortgage Loans | No | No |
Customer Service | Interactive Brokers | Webull | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | No | |
Live Chat (Current Customers) | Yes | No | |
24/7 Support | No | No |
Overall | Interactive Brokers | 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 | Interactive Brokers Review | Webull Review |