Charles Schwab vs WeBull Comparison: Fees, Features, and More (2026)

Charles Schwab 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.

Head-to-Head Comparison: Charles Schwab vs WeBull (2026)
Feature Charles Schwab WeBull
Website https://www.schwab.com/ https://www.webull.com/
Broker Type Full-service Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 online (listed stocks/ETFs) $0 commission; regulatory fees may apply
Fractional Shares? Yes (most U.S.-listed stocks/ETFs, from $1) Yes; eligible U.S. stocks and ETFs
Percent Allocations? Yes (Personalized Portfolio Builder) Yes; Portfolio Blueprint
Crypto Trading? Yes, via Schwab Crypto (BTC/ETH currently; not NY/LA/territories) Yes
Crypto Fees 0.75% of notional value (min $0.01) per buy/sell 1% spread (stablecoins exempt)
Options Trading? Yes Yes
Options Fee $0 online commission + $0.65 per contract $0; $0.50/contract for certain index options
Bond Trading Available? Yes Yes; U.S. Treasury and corporate bonds
Receives payment for order flow (PFOF)? Yes (receives PFOF rebates) Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes, thinkorswim desktop (Windows/Mac; free for brokerage clients) Yes; Webull Desktop
API Trading? Yes, Trader API (Individual) for self-directed retail accounts (orders, data; via developer.schwab.com) Yes; Webull Open API
Mutual Funds: Offered? Yes Yes
Total Mutual Funds ~14,500 from 600+ families (incl. 4,000+ NTF) Not publicly stated; availability varies
NTF Mutual Funds 4,000+ (no-load via OneSource & others) None stated; money-market funds exempt
Non-NTF Fund Fee Up to $74.95/buy online ($0 sell); some $49.95; 8.5% cap, <$100 exempt Lesser of 3% or $14.95
Early Redemption Fee? No; $49.95 Schwab fee on NTF funds held ≤90 days (some exemptions) Yes; no short-term redemption-fee funds currently
Redemption Hold (Days) 90 days (NTF/OneSource funds; some Schwab Funds exempt) None currently
Early Redemption Fee $49.95 online/automated phone; $49.95 + $25 broker-assisted None from Webull; fund-specific terms may apply
Accounts: Margin Accounts? Yes ($2,000 min. cash or marginable securities) Yes
IRAs Offered? Yes (Traditional, Roth, SEP, Rollover, Inherited, Custodial, SIMPLE) Yes; Traditional, Roth, and Rollover
HSAs Offered? Yes (HSBA via participating HSA providers; no standalone Schwab HSA) No
Money Market Sweep? Yes (Cash Features Program: Bank Sweep or Schwab One Interest) Yes; Webull Cash Management FDIC bank sweep
CDs Offered? Yes (brokered CDs via Schwab CD OneSource) No
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Schwab Intelligent Portfolios® (Premium also offered) Webull Advisors
Robo-Advisor Fees $0 advisory (standard); $300 one-time + $30/mo (Premium); ETF OERs 0.02–0.15%. Mins $5k/$25k. 0.15%-0.30% annually (0.20% diversified example)
Basics: Headquarters Westlake, TX St. Petersburg, FL
Year Founded 1971 2017
Clearing Firm Charles Schwab & Co., Inc. (self-clearing) Apex Clearing Corporation
Local Branches? Yes, more than 420 branches in 48 U.S. states No; corporate offices only
New Account Minimum $0 $0

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