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Interactive Brokers vs Webull 2022

Is Interactive Brokers better than Webull? After testing 15 of the best online brokers over six months, Interactive Brokers (89.29%) is better than Webull (67.68%). In 2022, Interactive Brokers remains 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 active traders and casual investors with $0 trades and a user-friendly web platform.

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Overall Rating expand_moreexpand_less Interactive Brokers Webull
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstar_borderstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstarstar_border
Research starstarstarstarstar starstarstar_borderstar_borderstar_border
Customer Service starstarstarstar_borderstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstarstar_border starstar_borderstar_borderstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
Winner check_circle
Review Interactive Brokers Review Webull Review
Trading Fees expand_moreexpand_less Interactive Brokers Webull
Minimum Deposit $0.00 $0.00
Stock Trades $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 Trade Fee $30.00 N/A
Margin Rates expand_moreexpand_less Interactive Brokers Webull
Margin Rate Under $24,999.99 1.58% 6.99%
Margin Rate $25,000.00 to $49,999.99 1.58% 6.49%
Margin Rate $50,000.00 to $99,999.99 1.58% 6.49%
Margin Rate $100,000.00 to $249,999.99 1.08% 5.99%
Margin Rate $250,000.00 to $499,999.99 1.08% 5.49%
Margin Rate $500,000.00 to $999,999.99 1.08% 4.99%
Margin Rate Above $1,000,000.00 0.75% 4.99%
Account Fees expand_moreexpand_less 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
Options Exercise Fee 0.00 0.00
Options Assignment Fee 0.00 0.00
Investment Options expand_moreexpand_less Interactive Brokers Webull
Stock Trading Yes Yes
Fractional Shares Yes Yes
OTCBB / Pink Sheets Yes No
Options Trading Yes Yes
Complex Options Max Legs 6 4
Futures Trading Yes No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 4 11
Mutual Funds (No Load) 10882 0
Mutual Funds (Total) 11160 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 33 1
Order Types expand_moreexpand_less 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 expand_moreexpand_less Interactive Brokers Webull
Education (Stocks) Yes No
Education (ETFs) Yes No
Education (Options) Yes No
Education (Mutual Funds) No No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator No No
Investor Dictionary Yes No
Paper Trading Yes Yes
Videos Yes No
Webinars (Archived) Yes No
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading Apps expand_moreexpand_less 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 - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App Features expand_moreexpand_less 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
Watch Lists - Total Fields 669 35
Stock App Charting expand_moreexpand_less Interactive Brokers Webull
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 70 50
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons No Yes
Trading Platforms expand_moreexpand_less Interactive Brokers Webull
Desktop Trading Platform Yes Yes
Web Trading Platform Yes Yes
Paper Trading Yes Yes
Trade Journal Yes No
Watch Lists - Total Fields 669 35
Stock Chart Features expand_moreexpand_less Interactive Brokers Webull
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 121 52
Charting - Drawing Tools 9 14
Charting - Notes Yes No
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes Yes
Charting - Corporate Events Yes Yes
Charting - Custom Date Range No No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 6 2
Charting - Custom Studies No Yes
Day Trading expand_moreexpand_less Interactive Brokers Webull
Streaming Time & Sales Yes No
Streaming TV Yes No
Direct Market Routing - Stocks Yes No
Ladder Trading Yes No
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 expand_moreexpand_less Interactive Brokers Webull
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds Yes No
Screener - Stocks Yes Yes
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock Research expand_moreexpand_less Interactive Brokers Webull
Stock Research - PDF Reports 5 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 expand_moreexpand_less Interactive Brokers Webull
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes Yes
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net 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 expand_moreexpand_less Interactive Brokers Webull
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart No 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 Yes
Mutual Funds - Country Allocation Yes Yes
Mutual Funds - StyleMap Yes No
Options Trading expand_moreexpand_less Interactive Brokers Webull
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes No
Option Chains - Total Columns 37 21
Option Chains - Greeks 4 5
Option Chains - Quick Analysis Yes Yes
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 - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
Banking expand_moreexpand_less Interactive Brokers Webull
Bank (Member FDIC) Yes No
Checking Accounts Yes No
Savings Accounts No No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans No No
Customer Service expand_moreexpand_less 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 expand_moreexpand_less Interactive Brokers Webull
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstar_borderstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstarstar_border
Research starstarstarstarstar starstarstar_borderstar_borderstar_border
Education starstarstarstarstar_border starstar_borderstar_borderstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
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Interactive Brokers vs Webull Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Interactive Brokers vs Webull.

Is Interactive Brokers or Webull better for beginners?

Interactive Brokers offers more comprehensive new investor education for beginner investors than Webull. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Webull offers investors access to Paper Trading, neither have Education (Mutual Funds).

What about Interactive Brokers vs Webull pricing?

Interactive Brokers and Webull charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Interactive Brokers, costing $0.65 per contract versus $0.00 per contract at Webull. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Interactive Brokers or Webull offer a wider range of investment options?

Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Webull offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Forex Trading and Advisor Services. Looking at Mutual Funds, Webull trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and Webull offering 0.

Which trading platform is better: Interactive Brokers or Webull?

To compare the trading platforms of 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. Checking Accounts and Debit Cards are offered by Interactive Brokers while Webull offers none, neither have Savings Accounts, Credit Cards and Mortgage Loans.

Is Interactive Brokers good?

In 2022, Interactive Brokers remains 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 active traders and casual investors with $0 trades and a user-friendly web platform.

Is Webull good?

Webull offers a unique community experience and easy-to-use trading platforms that will satisfy most young investors. However, for everyday investing, Webull lacks the trading tools and features to compete with industry leaders — who, like Webull, also offer $0 stock and ETF trades.

Interactive Brokers vs Webull Winner

Overall winner: Interactive Brokers

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