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

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

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