Webull vs Interactive Brokers

Webull vs Interactive Brokers Comparison Table 2023
Webull	Interactive Brokers
Review 4.4 Webull is #7 in our broker rankings.	Review 4.3 Interactive Brokers is #1 in our CFD broker rankings.
Traders from US accepted	Traders from US accepted
Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.	Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
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."	"Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten."
Pros
Respected broker regulated by the SEC and FINRA Easy-to-use investment platform and mobile app No minimum deposit for beginners Zero commissions or inactivity fees Smart Advisor for auto investing Promotions with free stocks Brokerage account plus IRA Fractional shares available	Gives day traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40 Proprietary Trader Workstation comes with powerful tools and charting capabilities Regulated by some of the world's most reputable bodies including in US You have a reliable real-time market data feed, that rarely goes offline Diverse payment options and account currencies Commission reimbursement with Toggle AI Low commissions and tight spreads
Cons
High deposit and withdrawal wire fees for non-US residents Sometimes sudden changes in trading conditions Narrow range of payment methods No MetaTrader 4 access	Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day Platform and web interface are complex and difficult for beginners to pick up Accessing products like CFDs is not straightforward compared to competitors The TWS platform falls short in terms of technical charting Mediocre customer support
Instruments
Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
Desktop App Web Terminal	AlgoTrader OmniTrader eSignal TradingCentral
Payment Methods
ACH Transfer Automated Customer Account Transfer Service Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
0.00001 (Fractional Share)	$100
Regulator
SEC, FINRA	SEC, FCA, IIROC, SFC
Margin Trading
Yes	Yes
Margin Rate
5.49% - 9.49%	1.55 - 2.59%
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	No
AI / Machine Learning
No	Yes
Robo Advisor
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android & Windows
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	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
No	No
Account Currencies
USD	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
Dow Jones Hong Kong Stock Exchange Nasdaq New York Stock Exchange	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
CFD trading not offered	Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.
Leverage
1:4	1:50
FTSE Spread
	0.005% (£1 Min)
GBPUSD Spread
	Commission (.20 pts x trade value)
Oil Spread
NA	N/A
Stocks Spread
$0	From 0.003 per share, variable
Forex Trading
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.	Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
GBPUSD Spread
0.4	Commission (.20 pts x trade value)
EURUSD Spread
0.2	Commission (.20 pts x trade value)
EURGBP Spread
0.4	Commission (.20 pts x trade value)
Assets
15+	70+
Cryptocurrency
Webull offers trading on 8 popular cryptos through its Webull Pay app. With premium analysis tools, traders can review market trends and identify opportunities in a few taps.	Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.
Spread
Floating	Variable
Coins
BTC BCH DOGE ETC ETH LTC SHIB USDC	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
More Comparisons
Webull vs	Interactive Brokers vs