Choosing the right online stock broker is a major decision for any trader or investor. Whether you’re just getting started or looking to scale your strategy, your broker’s fees, tools, and features can impact your bottom line. In this detailed comparison, we break down two of the most popular platforms in the U.S. — Webull and Interactive Brokers (IBKR) — to help you decide which one fits your needs.
We’ll cover everything from commissions and margin rates to platform features, account types, and more. By the end, you’ll also learn about a third option — prop trading firms like TradeThePool, for traders who want to get funded without risking their own capital.
Why This Comparison Matters
With dozens of options in the world of online trading, it’s easy to get overwhelmed. Webull and Interactive Brokers are both top-rated platforms that cater to different types of users:
- Webull targets beginner to intermediate traders who want a sleek, mobile-first experience.
- Interactive Brokers (IBKR) is favored by advanced and global traders seeking deep tools, low margin rates, and access to global markets.
Whether you’re into day trading, swing trading, or long-term investing, this guide compares the key differences so you can pick the right platform.
Quick Comparison: Webull vs Interactive Brokers
| Feature | Webull | Interactive Brokers (IBKR Lite) |
|---|---|---|
| Stock/ETF Commissions | $0 | $0 (IBKR Lite) |
| Options Fees | $0.55 per contract | $0.65 per contract |
| Margin Rate (Approx.) | ~9.49% | ~6.83% (varies with balance) |
| Account Minimum | $0 | $0 (IBKR Lite) |
| Global Market Access | No | Yes (135+ markets worldwide) |
| Crypto Trading | Yes | Yes (limited coins) |
| Platform Type | Mobile + Desktop | Web, Desktop, API, Mobile |
| Best For | Beginners, active retail traders | Advanced traders, global investors |
Webull Overview
Webull is a commission-free trading app known for its intuitive mobile experience and robust charting tools. It appeals to newer traders who want access to U.S. equities, ETFs, options, and cryptocurrencies without dealing with complex platforms.
✅ Pros of Webull:
- $0 stock and ETF commissions
- Low-cost options trading ($0.55 per contract)
- Excellent mobile and desktop charting
- Extended-hours trading (pre-market & after-hours)
- Real-time Level 2 market data (with subscription)
❌ Cons of Webull:
- Limited asset classes (no mutual funds or bonds)
- No paper checks or debit cards
- Less international exposure
Webull Is Best For:
- Newer traders looking for a user-friendly interface
- Active swing/day traders who rely on technical analysis
- Crypto traders wanting access to major coins in one app
Interactive Brokers (IBKR) Overview
Interactive Brokers is one of the oldest and most powerful online brokerage platforms in the world. With institutional-grade tools, direct market access, and the lowest margin rates in the industry, it’s designed for serious traders — but recent updates like IBKR Lite make it accessible to U.S. retail investors too.
✅ Pros of Interactive Brokers:
- $0 commissions with IBKR Lite
- Extremely low margin rates (as low as ~5.83%)
- Access to 135+ global markets
- Advanced trading tools, charting, scanners
- Powerful APIs and third-party integration
❌ Cons of Interactive Brokers:
- Steeper learning curve
- The platform can feel overwhelming
- Some fees for data packages and withdrawals
Interactive Brokers Is Best For:
- Experienced traders who want powerful tools
- International investors seeking global market access
- Algorithmic traders and institutions using APIs
Platform Comparison
Webull Platform:
- Mobile-first design with sleek UX
- Built-in screeners and drawing tools
- Paper trading account for practice
- Streamlined trading tickets
IBKR Platform:
- Trader Workstation (TWS): Professional-level desktop platform
- IBKR Mobile App: Sophisticated tools on the go
- WebTrader: Simpler browser version
- Customizable workspaces, risk controls, scanners
Verdict: Webull wins on simplicity and mobile usability, while IBKR offers unmatched depth and control for advanced users.
Fees and Commissions
| Broker | Stock/ETF Commissions | Options (per contract) | Margin Rate (Approx.) |
| Webull | $0 | $0.55 | ~9.49% |
| Interactive Brokers | $0 (Lite) | $0.65 | ~6.83% |
Note: IBKR Pro has tiered pricing and lower margin rates for high balances.
Account Types and Features
Webull:
- Individual taxable accounts
- Roth, Traditional, and Rollover IRAs
- Margin trading and options
- Crypto wallets (custodial)
Interactive Brokers:
- Individual and joint accounts
- IRAs, Trusts, and institutional accounts
- Global multi-currency accounts
- Futures, forex, mutual funds, and more
Verdict: IBKR offers greater variety and flexibility in account types, making it ideal for long-term and international investors.
Education and Support
Webull:
- In-app news, alerts, earnings calendar
- Learning center for beginners
- Community-driven social features
IBKR:
- IBKR Campus with webinars and tutorials
- Daily commentary and professional research
- 24/7 support via chat and email
Verdict: IBKR provides deeper educational content, while Webull is more beginner-friendly.
Ideal Use Cases
| Goal | Better Platform |
| Learning technical analysis | Webull |
| Global market diversification | Interactive Brokers |
| Low-cost options trading | Webull |
| Algo or API trading | Interactive Brokers |
| Trading on mobile | Webull |
| Professional desktop trading | Interactive Brokers |
Want to Trade Without Risking Your Own Money?
Choosing between Webull and Interactive Brokers depends on your style and capital — but what if you don’t have much money to begin with?
Many traders are also exploring TradeThePool stock prop firm in 2025 — these stock prop firms fund traders, so you can trade with little or no deposit.
Why Prop Firms Like TradeThePool Are Growing Fast:
- No large deposit needed when trading with a prop firm
- Get up to $260,000 in funded capital
- Daily risk management and real-time feedback
- Keep a share of your profits
Prop firms help you get funded to trade remotely, with tools and support that make it easier to focus on performance.
Check out tradethepool.com to learn more and get started.
FAQs: Webull vs Interactive Brokers
1. Is Webull or Interactive Brokers better for beginners?
Webull is easier for beginners due to its user-friendly interface and mobile-first design. IBKR is better for experienced traders.
2. Which platform has lower fees?
Both offer $0 stock commissions, but Webull has slightly lower options contract fees. IBKR has lower margin rates.
3. Can I trade crypto on Webull or IBKR?
Yes. Webull offers more crypto coins than IBKR, though both support basic crypto trading.
4. Which is better for international trading?
Interactive Brokers is the clear winner with access to 135+ global markets.
5. Does either broker offer paper trading?
Yes. Both Webull and IBKR offer paper trading accounts for practice.
6. What if I don’t have money to start trading?
Consider a prop trading firm like TradeThePool — you can get funded to trade with no large deposit.
7. Are there hidden fees with Webull or IBKR?
Both platforms are transparent, but IBKR may charge for advanced data packages and specific withdrawals.
Final Thoughts
Webull and Interactive Brokers are two of the best trading platforms in the U.S., each suited for different audiences:
- Choose Webull if you want an easy-to-use, mobile platform with low-cost options and crypto.
- Choose Interactive Brokers if you’re an advanced trader, need global access, or want the lowest margin rates.
And if you’re ready to trade but don’t have the capital yet?
Want to start trading without using your own money? Explore the top-rated stock prop firm tradethepool.com.
