Webull vs Interactive Brokers
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Your capital is at risk. Trade only with funds you can afford to lose.
| Webull | Interactive Brokers |
|---|---|
4.4
Webull is #16 in our broker rankings. |
4.3
Interactive Brokers is #1 in our broker rankings. |
 Traders from US accepted |
Traders from US accepted |
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Webull is a multi-regulated trading app that offers stocks, options, 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. |
Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
| Customer Reviews | |
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4.3
Based on 3 Interactive Brokers customer reviews
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| Bonus Offer | |
| Up to 12 free fractional shares when you deposit $100 | |
| Comment by Reviewer | |
| "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." | "Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Stocks, ETFs, ADRs, OTCs, treasuries, options, cryptos, fractional shares | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.00001 (Fractional Share) | $100 |
| Regulator | |
| SEC, FINRA, SIPC, CFTC, NFA, SFC, MAS, ASIC, FCA, CIRO, FSCA, JFSA, OJK, IDX, SC, SEC Thailand | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 8.74% (Standard Accounts), 3.90% – 5.20% (Premium Accounts) | 0.50% – 1.50% (IBKR Pro markup), 2.50% (IBKR Lite markup) |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | Yes |
| AI / Machine Learning | |
| No | Yes |
| Robo Advisor | |
| Yes | Yes |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| App Review | |
| The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. | |
| Android App Rating | |
3.3 |
4.5 |
| iOS App Rating | |
4.7 |
4.3 |
| Auto Trading | |
| Capitalise.ai, TWS API | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $0 |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
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| Commodities | |
| Forex Trading | |
| Forex trading not offered | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and over 100 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. |
| GBPUSD Spread | |
| 0.08-0.20 bps x trade value | |
| EURUSD Spread | |
| 0.08-0.20 bps x trade value | |
| EURGBP Spread | |
| 0.08-0.20 bps x trade value | |
| Assets | |
| 100+ | |
| Cryptocurrency | |
| Webull offers trading on around 60 popular cryptos, 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. | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. |
| Spread | |
| Floating | 0.12%-0.18% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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