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

WeBull and Alpaca 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: WeBull vs Alpaca (2026)
Feature WeBull Alpaca
Website https://www.webull.com/ https://alpaca.markets/
Broker Type Discount API-first self-clearing broker-dealer (Trading API for retail/algo; web dashboard available)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commission; regulatory fees may apply $0 commission (retail US stocks/ETFs); plus SEC/FINRA/CAT fees. Elite Smart Router: $0.0005–$0.004/share
Fractional Shares? Yes; eligible U.S. stocks and ETFs Yes (from $1 notional; 2,000+ US equities)
Percent Allocations? Yes; Portfolio Blueprint Yes, via API
Crypto Trading? Yes Yes (most US states via API/dashboard; 24/7)
Crypto Fees 1% spread (stablecoins exempt) Maker/taker 0.15%/0.25% (under $100k 30d vol) to 0%/0.10% ($100M+); on received asset
Options Trading? Yes Yes (Levels 1-3 equity/ETF; index options live)
Options Fee $0; $0.50/contract for certain index options $0 commission retail equity/ETF options; index $0.50/contract + ORF/OCC/exchange pass-throughs
Bond Trading Available? Yes; U.S. Treasury and corporate bonds No (Broker API partners only; not Trading API/dashboard retail)
Receives payment for order flow (PFOF)? Yes Yes (receives PFOF rebates)
Interface: Web trading? Yes Yes web dashboard; no official mobile app (third-party/TradingView yes)
Desktop trading? Yes; Webull Desktop No
API Trading? Yes; Webull Open API Yes (Alpaca Trading API)
Mutual Funds: Offered? Yes No
Total Mutual Funds Not publicly stated; availability varies None
NTF Mutual Funds None stated; money-market funds exempt None
Non-NTF Fund Fee Lesser of 3% or $14.95 N/A
Early Redemption Fee? Yes; no short-term redemption-fee funds currently N/A
Redemption Hold (Days) None currently N/A
Early Redemption Fee None from Webull; fund-specific terms may apply N/A
Accounts: Margin Accounts? Yes Yes; all accounts opened as margin (limited margin if equity under $2,000).
IRAs Offered? Yes; Traditional, Roth, and Rollover Yes; Traditional and Roth IRAs for US tax residents (Trading API). SEP-IRA in agreements.
HSAs Offered? No No
Money Market Sweep? Yes; Webull Cash Management FDIC bank sweep Yes; opt-in FDIC Bank Sweep/High-Yield Cash for uninvested cash (variable APY, up to $1M FDIC).
CDs Offered? No No
Robo-Advisor: Offered Yes No
Robo-Advisor Service Webull Advisors N/A
Robo-Advisor Fees 0.15%-0.30% annually (0.20% diversified example) N/A
Basics: Headquarters St. Petersburg, FL San Mateo, CA
Year Founded 2017 2015
Clearing Firm Apex Clearing Corporation Self-clearing (Alpaca Clearing)
Local Branches? No; corporate offices only No
New Account Minimum $0 $0

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