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

ChargeWebullInteractive Brokers
Demat Account Opening ChargesN/A₹0
Trading Acc Opening ChargesNIL₹0
Trading Account AMCNo annual or inactivity fees; $75 full/partial transfer fee.₹0
Demat Account AMCN/A₹0

Webull vs Interactive Brokers Brokerage Charges and Plans : 2024

ChargeWebullInteractive Brokers
Plan NameN/AN/A
Equity DeliveryN/AMinimum ₹6 and Upto ₹20 per executed order
Equity IntradayN/AMinimum ₹6 and Upto ₹20 per executed order
Equity FuturesN/AMinimum ₹6 and Upto ₹20 per executed order
Equity OptionsN/AMinimum ₹6 and Upto ₹20 per executed order
Currency FuturesN/AMinimum ₹6 and Upto ₹20 per executed order
Currency OptionsN/AMinimum ₹6 and Upto ₹20 per executed order
Commodity OptionsN/AN/A
Mutual FundN/AN/A

Webull vs Interactive Brokers Margin / Exposure: 2024

SegmentWebullInteractive Brokers
Equity DeliveryN/AN/A
Equity IntradayN/AN/A
Equity FutureN/AN/A
Equity OptionsN/AN/A
Currency FutureN/AN/A
Currency OptionsN/AN/A
Commodity FutureN/AN/A
Commodity OptionsN/AN/A
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