Webull vs Interactive Brokers Comparison: 2024
About Webull
About Webull
Founded in 2017, Webull Financial LLC is a U.S. based online broker focusing on commission free trading. They are quite popular among millennials with their free services and posing a threat to other players in the market.
Starting as a research firm and then later expanding to a brokerage firm, it still has an edge over firms like Robinhood when it comes to technical research tools and indicators.
Webull is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). It also protects you against the loss of securities and cash held by you upto $500,000 ($250,000 limit for cash) being a member of SIPC.
Features of Webull
• Webull is best suited for active and tech-savvy traders who look for low trading costs and a great mobile experience. • It offers US based stocks, Options and ETFs. The best part is that stocks and options are commission free. • No
About Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
Webull vs Interactive Brokers Account Opening Charges: 2024
| Charge | Webull | Interactive Brokers |
|---|---|---|
| Demat Account Opening Charges | N/A | ₹0 |
| Trading Acc Opening Charges | NIL | ₹0 |
| Trading Account AMC | No annual or inactivity fees; $75 full/partial transfer fee. | ₹0 |
| Demat Account AMC | N/A | ₹0 |
Webull vs Interactive Brokers Brokerage Charges and Plans : 2024
| Charge | Webull | Interactive Brokers |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | N/A | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Intraday | N/A | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Futures | N/A | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Options | N/A | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Futures | N/A | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Options | N/A | Minimum ₹6 and Upto ₹20 per executed order |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
Webull vs Interactive Brokers Margin / Exposure: 2024
| Segment | Webull | Interactive Brokers |
|---|---|---|
| Equity Delivery | N/A | N/A |
| Equity Intraday | N/A | N/A |
| Equity Future | N/A | N/A |
| Equity Options | N/A | N/A |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |
Other Comparisons of Webull and Interactive Brokers
| Webull | Interactive Brokers |
|---|---|
| Webull vs TD Ameritrade | Interactive Brokers vs TD Ameritrade |