Fidelity vs Webull

Updated November 2026 · AppBreakup editorial

Fidelity

Large US brokerage for stocks, funds, retirement accounts and trading, with web, mobile and desktop platforms.

Free plan + paid

Visit Fidelity Fidelity profile

Webull

Commission-free brokerage app with advanced charting, extended hours and paper trading.

Free plan + paid

Visit Webull Webull profile

The short answer

Both charge no commission on online US stock, ETF and options trades. Fidelity suits investors who want retirement accounts, zero-expense-ratio index funds, round-the-clock support and physical branches in one place. Webull suits self-directed traders who care most about charts, Level 2 quotes, extended hours and paper trading. The biggest difference is breadth: Fidelity is a full-service brokerage and fund manager, while Webull is a trading-focused app.

Fidelity or Webull: our take

Fidelity is one of the largest US brokerages and also runs its own funds, including index mutual funds with a zero expense ratio. One account family covers taxable investing, IRAs, workplace 401(k) plans, cash management, bonds and CDs. Help is available by phone and chat 24/7, and there are walk-in investor centres across the US. Active traders get Fidelity Trader+, a desktop and web platform with advanced charts and order types, but the website and app are dense and can feel overwhelming.

Webull is built around analysis. It offers detailed charts with drawing tools and indicators, Level 2 quotes, a screener, extended-hours trading from early morning to evening, and a paper-trading mode for practising with no money at risk. It also covers crypto, futures and OTC stocks, offers Traditional, Roth and Rollover IRAs, and has an API for developers. Its interface is also dense, and some data feeds and a Premium tier cost extra.

On fees, both advertise $0 commissions on online US stock, ETF and option trades. Fidelity lists a $0.65 per contract options fee and $49.95 per purchase for transaction-fee mutual funds; Webull lists $0.50 per contract on certain index options and $75 per transfer to move stocks out, while incoming transfers are $0. Fidelity's margin rates on small balances are high, and Webull, like most zero-commission brokers, earns from payment for order flow.

Pick Fidelity if retirement saving is the main goal, if you want low-cost index funds from the broker itself, or if live support and in-person help matter. Pick Webull if you trade actively, want pro-style charts and extended hours on a phone or desktop, and like testing strategies with paper trading first. Some investors keep long-term retirement money at Fidelity and use Webull for short-term trading.

Choose Fidelity if…

US investors who want retirement and trading accounts in one place with strong research
No commission on online US stock, ETF and options trades
Zero-expense-ratio index mutual funds

Choose Webull if…

Self-directed US traders who want pro-style charts and extended hours without commissions
No commissions on US-listed stocks, ETFs and options
Advanced charts, Level 2 quotes and a stock screener

What is Fidelity?

Fidelity Investments is one of the largest US brokerages and fund managers. A Fidelity account covers stocks, ETFs, options, mutual funds, bonds and CDs, plus retirement accounts, workplace 401(k) plans, cash management and crypto. Online US stock, ETF and options trades carry no commission, retail brokerage accounts have no minimum or account fee, and Fidelity runs its own index mutual funds with a zero expense ratio. Beginners can buy fractional shares and use the mobile app; active traders get Fidelity Trader+, its desktop and web platform with advanced charts and order types. Phone and chat support is available around the clock, and there are walk-in investor centres across the US. Paid wealth management and financial advisers sit on top for people who want help. It is generally aimed at US residents and suits investors who want one place for retirement savings and taxable investing, with deeper research than app-first brokers, at the cost of a busier interface.

What is Webull?

Webull is a US brokerage aimed at self-directed investors who want more tools than a basic investing app. It offers commission-free trading of US-listed stocks, ETFs and options, plus crypto, futures, OTC stocks, bonds and money market funds. Its strength is analysis: detailed charts with drawing tools and indicators, Level 2 quotes, a screener, extended-hours trading from early morning to evening, and a paper-trading mode for testing strategies with no money at risk. Cash and margin accounts are available alongside Traditional, Roth and Rollover IRAs. You can trade on mobile, the web or a desktop app, and there is an API for developers. Trading is free of commissions, but regulatory fees and some contract fees apply, and paid data subscriptions and a Premium tier add extras. Webull Financial is a FINRA and SIPC member.

Side by side

Attribute	Fidelity	Webull
Pricing	Free plan + paid	Free plan + paid
Open source	No	No
Self-hostable	No	No
Platforms	Web, iOS, Android, Windows, macOS	Web, Windows, macOS, iOS, Android
Best for	US investors who want retirement and trading accounts in one place with strong research	Self-directed US traders who want pro-style charts and extended hours without commissions
Status	Active	Active

Verified facts, compared

Facts both apps publish, checked on each vendor's own site.

Fact	Fidelity	Webull
Commissions	$0 online US stock, ETF and option trades	$0 on US-listed stocks, ETFs and options