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Interactive Brokers vs Webull 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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.

Interactive Brokers
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Webull
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes Yes
Crypto Trading info Yes info No
Crypto Trading - Total Coins info 4 info 0
Range of Investments 5/5 Stars 4/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Paper Trading info Yes Yes
Watch Lists - Total Fields info 659 35
Charting - Indicators / Studies info 155 52
Charting - Drawing Tools info 85 19
Platforms & Tools 5/5 Stars 4/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 97 56
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 2.5/5 Stars

Banking

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 Interactive Brokers logoInteractive Brokers
Webull logoWebull
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No No
Credit Cards info No No
Mortgage Loans info No No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

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.

FAQs

Can you trade cryptocurrency with Interactive Brokers or Webull?

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

Does Interactive Brokers or Webull offer IRAs?

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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Compare

0 of 5
Overall Rating Interactive Brokers Webull
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2.5/5 Stars
Customer Service 4/5 Stars 3/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Interactive Brokers Review Webull Review
Broker Screenshots Interactive Brokers Webull
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
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 N/A
Mutual Fund Trade Fee info $14.95 info N/A
Options (Per Contract) info $0.65 $0.00
Futures (Per Contract) info $0.85 $1.25 info
Broker Assisted Trade Fee info Varies N/A
Margin Rates Interactive Brokers Webull
Margin Rate Under $25,000 info 7.33% info 9.24%
Margin Rate $25,000 to $49,999.99 info 7.33% info 8.74%
Margin Rate $50,000 to $99,999.99 info 7.33% info 8.24%
Margin Rate $100,000 to $249,999.99 info 7.33% info 7.74%
Margin Rate $250,000 to $499,999.99 info 7.33% info 7.74%
Margin Rate $500,000 to $999,999.99 info 7.33% info 6.74%
Margin Rate Above $1,000,000 info 7.33% info 6.24% info
Account Fees Interactive Brokers Webull
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Interactive Brokers Webull
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 6 4
Futures Trading info Yes Yes
Forex Trading info Yes No
Crypto Trading info Yes info No
Crypto Trading - Total Coins info 4 info 0
Mutual Funds (No Load) info 10988 0
Mutual Funds (Total) info 11456 0
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 34 0
Order Types Interactive Brokers Webull
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes No
Beginners Interactive Brokers Webull
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes Yes
Interactive Learning - Quizzes info Yes Yes
Stock Trading Apps Interactive Brokers Webull
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Interactive Brokers Webull
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting Interactive Brokers Webull
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 97 56
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No Yes
Trading Platforms Interactive Brokers Webull
Active Trading Platform info Trader Workstation (TWS) N/A
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info Yes No
Watch Lists - Total Fields info 659 35
Stock Chart Features Interactive Brokers Webull
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 155 52
Charting - Drawing Tools info 85 19
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 2
Charting - Custom Studies info No Yes
Day Trading Interactive Brokers Webull
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes Yes
Trade Hotkeys info Yes Yes
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info Yes No
Research Overview Interactive Brokers Webull
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No
Stock Research Interactive Brokers Webull
Stock Research - PDF Reports info 15 info 0
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes Yes
ETF Research Interactive Brokers Webull
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Interactive Brokers Webull
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Interactive Brokers Webull
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 40 23
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes No
Banking Interactive Brokers Webull
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info No No
Mortgage Loans info No No
Customer Service Interactive Brokers Webull
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes No
24/7 Support info No No
Overall Interactive Brokers Webull
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2.5/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Interactive Brokers Review Webull Review
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