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Wealthfront vs Webull

Wealthfront vs Webull Comparison Table 2024
Wealthfront Webull
Review
3
Review
4.4

Wealthfront is a leading US robo advisor, regulated by the Securities and Investment Commission (SEC). The low fees and choice of investment profiles makes it stand out from rivals. The brokerage is also trusted by 640,000+ customers with over $43 billion in AUM.

Webull is a multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.

Bonus Offer
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Wealthfront is a good option for long-term investors looking for a hands-off approach to trading. We like the choice of trading accounts, retirement solutions, individual savings profiles all within a sleek and modern interface." "Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."
Pros
  • Automated investment opportunities through robo advisors with financial advice, planning and automatic portfolio rebalancing
  • A choice of accounts to suit different trading goals including retirement investing (IRAs) and individual investing solutions
  • Transparent and competitive pricing model with no account opening fees, inactivity charges or commissions
  • Trustworthy broker registered with the US SEC alongside fund insurance from FDIC and SIPC
  • Direct indexing (a feature where individual shares in an ETF are purchased separately)
  • User-friendly platform with mobile app compatibility on iOS & Android devices
  • Competitive 0.25% annual advisory fee for AUM
  • Low advisory fees and ETF expense ratios
  • ESG/Socially Responsible friendly
  • Tax-efficient trading strategies
  • Promotions for new clients
  • The Smart Advisor tool facilitates a more hands-off approach to investing, with low minimum investments and automatic rebalancing
  • The $0 minimum deposit and availability of fractional shares make broker highly accessible for beginners and those on a budget
  • The flagship charting platform offers comprehensive analysis tools including 60+ indicators, plus deep fundamental data
  • Webull maintains its strong reputation, with regulation by in the US and UK and a clean track record
  • Webull is a low-cost broker, offering commission-free trading on many assets and zero inactivity fees
  • Alongside the investment account, the broker offers IRAs for those with long-term financial goals
  • The broker offers free stocks to newly registered investors
Cons
  • Limited human component to advisory service
  • Poor customer support with no live chat
  • The brand accepts US clients only
  • Less suitable for short-term trading
  • No large-balance discounts
  • There are relatively high deposit and withdrawal fees for non-US residents, including a $45 charge for international wire withdrawals
  • There’s a narrow range of payment methods available compared to competitors, with just ACH, ACATS and wire transfers available
  • There’s only one platform on offer, with no additional third-party tools
Instruments
Stocks, ETFs, Cryptos Forex, Stocks, ETFs, Cryptos, Options
Demo Account
Yes Yes
Minimum Deposit
$1 $0
Trading Platforms
  • Own
  • Desktop App
  • Web Terminal
Payment Methods
Minimum Trade
$1 0.00001 (Fractional Share)
Regulator
SEC, FINRA SEC, FINRA, FCA
Margin Trading
No Yes
Margin Rate
5.49% - 9.49%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
Yes Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Forex Trading
Forex trading not offered Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash.
GBPUSD Spread
0.4
EURUSD Spread
0.2
EURGBP Spread
0.4
Assets
15+
Cryptocurrency
Wealthfront supports investing in Bitcoin and Ethereum via statutory trusts. Cryptocurrency cannot exceed 10% of your total portfolio to protect against significant volatility, so if you are an active crypto trader, this isn't the best broker. Webull offers trading on 8 popular cryptos through its Webull Pay app, including Bitcoin, Litecoin and Shiba Inu. The broker charges a 100bps (basis points) markup on the price, although there is no minimum equity requirement or commission fee.
Spread
Variable Floating
Coins
  • GBTC
  • ETHE
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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