Firstrade vs WeBull Comparison: Fees, Features, and More (2026)
Firstrade 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 | Firstrade | WeBull |
|---|---|---|
| Website | https://www.firstrade.com/ | https://www.webull.com/ |
| Broker Type | Discount (self-directed online brokerage) | Discount |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 online ($19.95 broker-assisted) | $0 commission; regulatory fees may apply |
| Fractional Shares? | Yes (most U.S. stocks/ETFs; $5 min) | Yes; eligible U.S. stocks and ETFs |
| Percent Allocations? | No | Yes; Portfolio Blueprint |
| Crypto Trading? | No | Yes |
| Crypto Fees | N/A | 1% spread (stablecoins exempt) |
| Options Trading? | Yes | Yes |
| Options Fee | $0 commission and $0/contract; plus pass-through ORF (~$0.02/contract from Jul 2026) and SEC sell fees | $0; $0.50/contract for certain index options |
| Bond Trading Available? | Yes (web only; net yield basis/markup) | Yes; U.S. Treasury and corporate bonds |
| Receives payment for order flow (PFOF)? | Yes | Yes |
| Interface: Web trading? | Yes | Yes |
| Desktop trading? | No | Yes; Webull Desktop |
| API Trading? | No | Yes; Webull Open API |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | 11,000+ | Not publicly stated; availability varies |
| NTF Mutual Funds | 11,000+ | None stated; money-market funds exempt |
| Non-NTF Fund Fee | $0 online; $19.95 broker-assisted (no-load) | Lesser of 3% or $14.95 |
| Early Redemption Fee? | No ($19.95 if held <90 days) | Yes; no short-term redemption-fee funds currently |
| Redemption Hold (Days) | 90 days | None currently |
| Early Redemption Fee | $19.95 | None from Webull; fund-specific terms may apply |
| Accounts: Margin Accounts? | Yes (approval; $2,000 min assets; not IRAs/custodial/ESA) | Yes |
| IRAs Offered? | Yes (Traditional, Roth, SEP, SIMPLE, Rollover) | Yes; Traditional, Roth, and Rollover |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes (FDIC sweep via Apex; 0.15%; not margin/SIMPLE IRA/ESA) | Yes; Webull Cash Management FDIC bank sweep |
| CDs Offered? | Yes (primary $30; secondary net yield) | 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 | Flushing, NY | St. Petersburg, FL |
| Year Founded | 1985 | 2017 |
| Clearing Firm | Apex Clearing Corporation | Apex Clearing Corporation |
| Local Branches? | Yes (Flushing, NY HQ office, Mon-Fri 10am-4pm ET); no nationwide network | No; corporate offices only |
| New Account Minimum | $0 | $0 |
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