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 comparing Interactive Brokers and Webull, it becomes evident that Interactive Brokers offers a wider range of investment opportunities, appealing to a diverse group of investors. While both platforms provide stock trading, margin trading, and options trading, Interactive Brokers takes the edge with additional options like mutual funds and forex trading, which are not available with Webull. Furthermore, Interactive Brokers supports trading in over-the-counter (OTC) stocks and crypto trading, offering a selection of four cryptocurrencies, enhancing its appeal for those interested in a broad spectrum of investments.
Interactive Brokers and Webull both allow investors to trade fractional shares, engage in futures trading, and access traditional and Roth IRA accounts. This makes them suitable for individuals at different stages of their investment journey. However, the distinction lies in the broader scope with which Interactive Brokers caters to its users, including its inclusion of mutual funds and forex trading, giving it a significant advantage in the investment space.
Based on StockBrokers.com rankings, Interactive Brokers claims the top spot for the range of investments among 16 brokers, showcasing its comprehensive offerings. Meanwhile, Webull, although a competent choice, places at number 12 in the same category, indicating its slightly narrower focus. Although neither broker offers direct advisor services, Interactive Brokers' expansive range of investment options combined with its top-rated range of investments scores make it a preferred choice for more experienced and versatile investors looking to diversify their portfolios.
Feature |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | 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 | 4 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
For traders looking for an advanced trading experience, Interactive Brokers emerges as a top contender with its comprehensive toolkit and features, helping it earn a 5-star rating for trading platforms and tools. Rated at #2 by StockBrokers.com among 16 brokers, it offers a wide array of charting capabilities, watch list columns, and customization options. On the other hand, Webull, with a 4-star rating and a #7 rank, provides an impressive offering for its category, catering to those who value simplicity and ease without sacrificing performance. However, Interactive Brokers ultimately leads the way for those who need a richer, more detailed trading platform.
Both Interactive Brokers and Webull offer downloadable trading platforms for Windows and Mac, along with browser-based alternatives, ensuring a versatile approach to trading. They also provide paper trading, the ability to adjust open orders directly on stock charts, and display historical trades and corporate events on charts. However, Interactive Brokers offers more nuanced features, such as the ability to add a detailed trading journal, display a vast number of watch list fields, and implement a more extensive set of technical indicators and drawing tools for charting.
When it comes to chart analysis tools, Interactive Brokers outpaced Webull in sheer volume and flexibility. With 155 technical indicators and 85 drawing tools compared to Webull's 52 and 19, respectively, it provides professional-grade insights. Moreover, Interactive Brokers supports detailed customization, from adding custom date ranges for charts to multiple customization fields for studies like the SMA. Contrarily, Webull permits unique features such as creating custom studies, a plus for creative traders. Despite these capabilities, Webull doesn't match the depth of customization and analysis depth Interactive Brokers offers, making it more suited for traders who prefer a straightforward trading approach.
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: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
Interactive Brokers and Webull both provide excellent educational resources for beginner investors looking to enhance their understanding of financial markets. Interactive Brokers stands out with its comprehensive range of educational content, covering everything from stocks, ETFs, options, and even lesser-known areas like mutual funds and bonds. In contrast, Webull offers solid education on stocks, ETFs, and options, but lacks resources on mutual funds and bonds. Both platforms provide useful tools like paper trading, educational videos, webinars, and quizzes to enhance learning experiences, alongside features to track your progress. These offerings are designed to cater to different learning preferences and help investors of all levels improve their investment knowledge.
When it comes to ratings and rankings, Interactive Brokers receives a top-tier education rating of 5 stars and is rated third among 16 brokers according to StockBrokers.com. This reflects the depth and variety of its educational content. Webull, on the other hand, is awarded 4 stars for education and ranks eleventh among its peers. Although Webull offers a respectable suite of learning tools, Interactive Brokers clearly provides a more extensive educational experience, particularly for those interested in diverse asset classes like mutual funds and bonds.
Feature |
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | No |
Education (Bonds) | 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 choosing between Interactive Brokers and Webull for mobile stock trading, both brokers offer comprehensive apps compatible with iPhone, Android, and Apple Watch. Interactive Brokers edges out Webull with unique features, such as streaming live TV, videos on demand, and the ability to customize watch list columns. While both platforms support mobile options trading and provide essential features like stock alerts and custom watch lists, Interactive Brokers is ranked higher by StockBrokers.com and is rated 5 stars compared to Webull's 4.5 stars.
Interactive Brokers offers excellent charting capabilities with 97 technical studies, although it lacks the ability to display stock comparisons directly on charts—a feature in which Webull excels. Webull supports users by allowing chart comparisons but offers only 56 technical studies. Both platforms provide after-hours charting and allow chart viewing in landscape mode, catering effectively to technical analysts.
For those who prioritize in-depth analysis tools and multimedia resources, Interactive Brokers may present a more attractive choice due to its advanced app features and ranking. However, Webull remains a formidable option, especially for traders keen on stock comparison capabilities within charts. Ultimately, the choice depends on whether the variety of studies and multimedia content outweighs Webull’s interactive chart comparison feature.
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 - Stocks | 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 it comes to market research capabilities, Interactive Brokers stands out as a superior choice compared to Webull. With an impressive 5-star rating, Interactive Brokers offers extensive research resources spanning stocks, ETFs, mutual funds, Pink Sheets/OTCBB, bonds, and ESG criteria. In contrast, Webull is rated at 2.5 stars and provides a more limited range of research, missing out on key areas like mutual funds and bonds. Ranked #4 by StockBrokers.com out of 16 brokers, Interactive Brokers is a clear leader in providing investors with comprehensive market insights, while Webull is ranked at #9, reflecting its more restricted offerings.
Interactive Brokers provides a wide-ranging toolkit for investors, including social media sentiment analysis and ESG research, tools that Webull lacks. Additionally, investors using Interactive Brokers can benefit from an array of downloadable PDF reports, offering insights into stocks, ETFs, and mutual funds, whereas Webull does not provide any downloadable reports in these categories. Furthermore, the availability of a stock screener is shared by both, but Interactive Brokers extends this feature to ETFs, mutual funds, and bonds, offering users more avenues for generating trade ideas.
For those interested in understanding their investment portfolios better, Interactive Brokers allows users to see their portfolio allocation by asset class, a useful feature Webull does not offer. Interactive Brokers' comprehensive research and analysis tools make it better suited for investors seeking depth and breadth in market research, while Webull, with its more basic offerings, may suit those with simpler investment strategies. In essence, Interactive Brokers provides a more complete package for those serious about delving into detailed market analysis.
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 - Bonds | Yes | No |
Screener - Bonds | 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 |
|
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Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 16 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 offers crypto trading with access to 4 different coins, while Webull does not provide any options for cryptocurrency trading.
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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Education |
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Winner | check_circle | ||
Review | Interactive Brokers Review | Webull Review |
Broker Screenshots | Interactive Brokers | Webull | |
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Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education 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 | |
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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 | |
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Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | 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 | 4 | 0 | |
Mutual Funds (No Load) | 10988 | 0 | |
Mutual Funds (Total) | 11456 | 0 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | 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 | |
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Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | No | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | Yes | Yes | |
Videos | Yes | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | 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 - Index Overlays | 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 - Stocks | Yes | No | |
Ladder Trading | Yes | Yes | |
Trade Hotkeys | 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 - 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 | 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 - 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 | Interactive Brokers | Webull | |
---|---|---|---|
Mutual Funds - Strategy Overview | 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 - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 40 | 23 | |
Option Chains - Greeks | 5 | 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 | Yes | |
Option Positions - Grouping | Yes | No |
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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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 |