Alpaca vs WeBull Comparison: Fees, Features, and More (2026)
Alpaca and WeBull are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.
| Feature | Alpaca | WeBull |
|---|---|---|
| Website | https://alpaca.markets/ | https://www.webull.com/ |
| Broker Type | API-first self-clearing broker-dealer (Trading API for retail/algo; web dashboard available) | Discount |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 commission (retail US stocks/ETFs); plus SEC/FINRA/CAT fees. Elite Smart Router: $0.0005–$0.004/share | $0 commission; regulatory fees may apply |
| Fractional Shares? | Yes (from $1 notional; 2,000+ US equities) | Yes; eligible U.S. stocks and ETFs |
| Percent Allocations? | Yes, via API | Yes; Portfolio Blueprint |
| Crypto Trading? | Yes (most US states via API/dashboard; 24/7) | Yes |
| Crypto Fees | Maker/taker 0.15%/0.25% (under $100k 30d vol) to 0%/0.10% ($100M+); on received asset | 1% spread (stablecoins exempt) |
| Options Trading? | Yes (Levels 1-3 equity/ETF; index options live) | Yes |
| Options Fee | $0 commission retail equity/ETF options; index $0.50/contract + ORF/OCC/exchange pass-throughs | $0; $0.50/contract for certain index options |
| Bond Trading Available? | No (Broker API partners only; not Trading API/dashboard retail) | Yes; U.S. Treasury and corporate bonds |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF rebates) | Yes |
| Interface: Web trading? | Yes web dashboard; no official mobile app (third-party/TradingView yes) | Yes |
| Desktop trading? | No | Yes; Webull Desktop |
| API Trading? | Yes (Alpaca Trading API) | Yes; Webull Open API |
| Mutual Funds: Offered? | No | Yes |
| Total Mutual Funds | None | Not publicly stated; availability varies |
| NTF Mutual Funds | None | None stated; money-market funds exempt |
| Non-NTF Fund Fee | N/A | Lesser of 3% or $14.95 |
| Early Redemption Fee? | N/A | Yes; no short-term redemption-fee funds currently |
| Redemption Hold (Days) | N/A | None currently |
| Early Redemption Fee | N/A | None from Webull; fund-specific terms may apply |
| Accounts: Margin Accounts? | Yes; all accounts opened as margin (limited margin if equity under $2,000). | Yes |
| IRAs Offered? | Yes; Traditional and Roth IRAs for US tax residents (Trading API). SEP-IRA in agreements. | Yes; Traditional, Roth, and Rollover |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes; opt-in FDIC Bank Sweep/High-Yield Cash for uninvested cash (variable APY, up to $1M FDIC). | Yes; Webull Cash Management FDIC bank sweep |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | No | Yes |
| Robo-Advisor Service | N/A | Webull Advisors |
| Robo-Advisor Fees | N/A | 0.15%-0.30% annually (0.20% diversified example) |
| Basics: Headquarters | San Mateo, CA | St. Petersburg, FL |
| Year Founded | 2015 | 2017 |
| Clearing Firm | Self-clearing (Alpaca Clearing) | Apex Clearing Corporation |
| Local Branches? | No | No; corporate offices only |
| New Account Minimum | $0 | $0 |
Once you’ve chosen a broker, find high-performing, investable model portfolios at RecipeInvesting.com
Picked a Broker? Now Build Your Perfect Portfolio
Find high-performing, investable model portfolios (Tactical, Strategic, and Managed) at RecipeInvesting.com.
Compare Alpaca to All Brokers
- Compare Alpaca to Ally Invest
- Compare Alpaca to Axos Invest
- Compare Alpaca to Charles Schwab
- Compare Alpaca to E*Trade
- Compare Alpaca to Fidelity
- Compare Alpaca to Firstrade
- Compare Alpaca to Interactive Brokers
- Compare Alpaca to M1 Finance
- Compare Alpaca to Merrill Edge
- Compare Alpaca to Public.com
- Compare Alpaca to Robinhood
- Compare Alpaca to SoFi Invest
- Compare Alpaca to SogoTrade
- Compare Alpaca to Stash
- Compare Alpaca to Tastytrade
- Compare Alpaca to Tradestation
- Compare Alpaca to Tradier
- Compare Alpaca to Vanguard
- Compare Alpaca to WeBull
- Compare Alpaca to ZacksTrade