Webull vs Fidelity (2026)
Webull charges $0 per contract on stock and ETF options and runs a desktop app for Mac, Windows and Linux; Fidelity charges $0.65 a contract but $0 to transfer out, and offers over 10,000 mutual funds through FundsNetwork plus SEP, SIMPLE, HSA and 529 accounts. Webull's margin is 8.74% on the standard account or from 5.45% with Premium, against 12.075% at Fidelity under $25,000. Fidelity publishes the yields on its money market core positions, while Webull shows its sweep rate only in its app.
By Wealthy Pot Editorial · Facts checked October 19, 2026
| Feature | Webull | Fidelity |
|---|---|---|
| Type | App-first | Full-service |
| Stock/ETF commission | $0 | $0 |
| Options per contract | $0 stock/ETF options; index options $0.50 | $0.65/contract |
| 10-contract options trade, open + close | $0 ($0 a year at 2 a month) | $13 ($312 a year at 2 a month) |
| Rate on uninvested cash | Not published (Cash Management sweep (opt-in)) | 3.48% 7-day yield if you pick SPAXX (no default named) |
| Margin rate on $10,000 | 8.74% | 12.075% |
| Transfer out (full account) | $75 | $0 |
| Paid tier | Webull Premium: $3.99/mo | None |
| Account minimum | $0 | $0 |
| Fractional shares | Yes | Yes |
| Account types | Taxable, joint, IRA, Roth, rollover, custodial | IRA, Roth, SEP, SIMPLE, solo 401(k), HSA, 529, youth |
| Platforms | Web, iOS, Android, Desktop | Web, iOS, Android, Desktop |
Options, cash and margin rows are our arithmetic from each broker's published commissions, default cash rate and margin rates (commissions only, before small regulatory and exchange fees). Rates change with the Federal Reserve's rate.
Key differences
An options trader pays per contract only at Fidelity. Hypothetically, opening and closing 10 contracts 4 times a month is 80 contracts: 80 x $0.65 = $52 a month, or $624 a year, at Fidelity. At Webull stock and ETF options carry $0 commission and $0 per contract, with regulatory and clearing fees passed through, though orders of 500 or more contracts pay $0.10 a contract on the Held route. Index options cost $0.50 a contract at Webull plus the exchange's fee; Fidelity charges $0.65 plus an index fee such as $0.50 on SPX. Both take payment for order flow.
Mutual fund costs depend on whose fund you buy. Webull charges the lesser of 3% or $14.95 on each mutual fund purchase and each sale, with money market funds exempt; hypothetically, $500 a month into a fund costs $14.95 a purchase, $179.40 a year, plus a fee when you sell. Fidelity charges $0 for Fidelity funds and $49.95 per purchase on transaction-fee funds from other companies, $0 to sell. In an IRA, Webull pays 0.10% on enrolled cash, and Fidelity offers SPAXX or an FDIC sweep. Webull matches 1% of IRA contributions, or 3.5% with Premium, with a 5-year hold; Webull calls the 1% offers limited-time.
A margin borrower sees three prices. Hypothetically, a $20,000 debit balance carried for a year costs $20,000 x 12.075% = $2,415 at Fidelity, $20,000 x 8.74% = $1,748 on Webull's standard account, and $20,000 x 5.45% = $1,090 plus the $40 Premium fee, $1,130, on Webull Premium. Rates move with the Fed, and margin can lose you more than you deposit. On account security, Fidelity's Customer Protection Guarantee reimburses losses from unauthorized activity that is not your fault; we found no named guarantee on Webull's help pages, where two-factor login uses SMS codes.
Where Webull wins
- Desktop app for Mac, Windows and Linux, plus web and mobile
- $0 per contract on stock and ETF options
- Overnight session from 8 PM to 4 AM ET, Sunday to Thursday, for select securities
- $75 transfer-out fee, against $100 at Robinhood, Public and Moomoo
- Treasuries, corporate bonds and mutual funds as well as stocks
- Premium margin from 5.45% for $40 a year
Where Fidelity wins
- $0 to transfer out, close an IRA or send a domestic wire
- Money market core positions in taxable accounts, with SPAXX at 3.48% (7-day yield, September 30, 2026)
- Fractional shares in NYSE and Nasdaq-listed stocks and ETFs from $1
- Online trading in 25 countries and 16 currencies
- Excess of SIPC coverage with a $1.9 million per-customer cash limit
Which should you choose?
Pick Webull if
- You trade stock and ETF options and want no per-contract fee on them.
- You want a downloadable desktop app for Mac, Windows or Linux, not only a phone app.
- You borrow on margin and will pay $40 a year for Premium rates from 5.45%.
- You want Treasuries, corporate bonds and an IRA in the same app as your trading account.
Pick Fidelity if
- You hold funds or ETFs for the long run and want $0 transfer-out, IRA closing and annual IRA fees.
- You want a money market fund as the core position for idle cash rather than a bank sweep.
- You want branches: Fidelity says it has 215 Investor Centers.
- You buy foreign shares on their home exchange in a taxable account (25 countries).
Webull vs Fidelity: FAQ
Is Webull cheaper than Fidelity for options?
On stock and ETF options, Webull charges $0 per contract and Fidelity $0.65, so opening and closing 10 contracts costs $13 at Fidelity and $0 at Webull before pass-through fees. Fidelity makes buy-to-close orders at $0.65 or less free, and charges accounts designated as Professional Options Traders an extra $0.50 a contract. See our options platform guide.
Which pays more on cash, Webull or Fidelity?
We can quote only Fidelity: SPAXX had a 3.48% 7-day yield and FZFXX 3.52% on September 30, 2026. Webull pays interest only on cash you enroll in Cash Management and shows that rate only in its app; cash not enrolled earns nothing, and IRA cash in the program earns 0.10%. Compare money market funds.
Can I move from Webull to Fidelity for free?
Webull charges $75 per outgoing stock transfer, and moving IRA assets within 5 years of a Webull match can cost you the match. Fidelity charges $0 to transfer out or close an IRA if you leave later. You start the transfer at the receiving broker.
Compare these against every option in our online brokers comparison.
We summarize each company's published terms and pricing, not user reviews or our own testing. Facts come from our full reviews of both brokers, each checked against the broker's own fee schedule, rate and disclosure pages on October 19, 2026 with every source listed. Some outbound links may be affiliate links. That never affects our comparisons. Nothing here is investment advice.