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Clear out junk files and repair common Windows errorsFree Scan →Scan for outdated or missing drivers - takes under a minuteDriver Scan →For U.S. self-directed brokerage accounts, Webull and Fidelity both advertise $0 commissions on many online stock and ETF trades, but that does not make their total costs or services identical. Fidelity lists a $0.65 fee per online options contract; Webull lists charges for certain index options and oversized options orders. Webull also lists a $75 outgoing transfer fee, while Fidelity lists a $0 transfer-of-assets fee. Which is cheaper or a better fit depends on what you trade, the account services you need, and which direction you are moving assets.
This comparison uses the firms’ U.S. pages reviewed October 7, 2026. Fees, product availability, and transfer rules can change, so verify current terms with the brokerage before trading or initiating a transfer.
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How do Webull and Fidelity compare?
Both offer self-directed brokerage accounts, but their published materials emphasize different product ranges and services. Webull describes trading U.S.-listed stocks, ETFs, and options through mobile, desktop, and web products, alongside optional paid services and market-data features. Fidelity describes access to stocks, ETFs, mutual funds, bonds, options, fractional investing, research, and crypto-related services.
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Fidelity says its trading tools include research from more than 20 independent providers and advanced tools, including desktop platforms. That is a description of its available resources, not an independent performance or usability ranking. Webull’s materials also discuss futures and advisory services; these are separate arrangements, not necessarily part of a self-directed securities account.
#1 Best Overall
| Comparison point | Webull | Fidelity |
|---|---|---|
| Headline online stock and ETF commissions | $0 for specified self-directed individual cash or margin accounts and IRAs trading U.S.-listed securities; applicable fees may still apply. | $0 online commission for U.S. stocks and ETFs; other charges may still apply. |
| Options pricing | $0 commission is advertised for options, with $0.50 per contract for certain index options and $0.10 per contract for oversized options orders, plus applicable fees. | $0 online commission, with a $0.65 per-contract fee subject to stated exceptions and other fees. |
| Transfer-of-assets fee published by the firm | $75 outgoing stock-transfer fee; the firm’s transfer guidance says the receiving-side charge is $0 and the delivering broker typically charges about $75, but directs customers to confirm exact charges. | $0 per transfer of assets on its fee schedule. |
| Product and research range described on reviewed pages | U.S.-listed stocks, ETFs, and options; separate materials also discuss futures and advisory services. | Stocks, ETFs, mutual funds, bonds, options, fractional investing, research, and crypto-related services. |
For Fidelity account services and product eligibility, see its brokerage account page. Its trading page describes research and tools. Webull’s pricing page details its listed charges and services.
Which is cheaper for my trades?
Do not compare brokers on the headline commission alone. A $0 commission does not mean a trade or account is cost-free: contract charges, regulatory or exchange fees, margin interest, transaction charges, optional services, and transfer fees can affect the total.
Stocks and ETFs
Both firms publish $0 online commissions for many U.S. stock and ETF trades. Webull’s pricing statement applies to specified self-directed individual cash or margin accounts and IRAs trading U.S.-listed securities. Fidelity’s page lists $0 online commissions for U.S. stocks and ETFs. Applicable charges and eligibility conditions still matter; check the fee pages for the account and service you plan to use.
Rank #2
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Options
Fidelity’s brokerage account page lists $0.65 per online options contract, subject to stated exceptions. Webull lists $0.50 per contract for certain index options and $0.10 per contract for oversized options orders, in addition to applicable regulatory or exchange fees. These are not identical fee categories, so compare the specific contracts and order sizes you expect to use rather than treating either headline commission as an all-in options price.
Other costs to check
- Mutual funds: Fidelity’s fee page lists transaction charges for some non-Fidelity mutual funds. Webull’s cited self-directed pricing materials focus on U.S.-listed securities; confirm availability and costs for any fund you intend to hold.
- Margin: Both firms’ charges may depend on borrowing and account terms. Check current margin rates and calculate interest for your expected balance and holding period.
- Other services and markets: Webull identifies charges for some OTC activity, optional subscriptions, and other services. Fidelity lists examples including a foreign settlement fee and certificate-handling charges.
- Transfers: Fee depends on direction and which firm is delivering assets. Webull lists $75 for outgoing stock transfers; Fidelity lists $0 per transfer of assets. Confirm any fee with both firms before initiating.
Fidelity’s current commissions and margin rates page and Webull’s pricing page are the relevant places to check for current details. The published information does not establish one universally cheapest broker: the answer depends on your actual trades, account, borrowing, and services.
Which features and investments matter for your use?
Start with the investments you intend to hold, then consider the tools and account support you want. Fidelity’s page describes mutual funds, bonds, fractional investing, research, and crypto-related services in addition to common listed securities. Webull’s cited self-directed pricing materials describe stocks, ETFs, and options, with mobile, desktop, and web products, optional paid services, and market-data features.
Rank #3
- If you need mutual funds or bonds: Fidelity’s brokerage materials explicitly list them. Check fund-specific transaction charges and the eligibility of the particular bond or fund.
- If fractional investing matters: Fidelity describes fractional investing. Confirm the eligible securities and account restrictions before relying on it.
- If research or desktop tools matter: Fidelity describes research from more than 20 independent providers and advanced tools including desktop platforms. Consider whether those tools suit your workflow; their presence alone does not establish that they are better for you.
- If you are considering Webull futures or advisory services: Review the terms for the separate product or service arrangement. Do not assume that features discussed in those materials are included in a self-directed brokerage account.
- If you want a particular account type: Verify that the broker supports the registration and account features you need. Availability and restrictions can differ by account and product.
Fidelity identifies Fidelity Brokerage Services LLC as providing brokerage services and National Financial Services LLC as providing related custody services; it says both are registered broker-dealers and SIPC members. Product eligibility and account-specific restrictions should be confirmed directly with the firm.
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What does “security” mean in this comparison?
Security can mean protection of eligible assets if a brokerage fails, or controls intended to protect login credentials and prevent account takeover. These are different questions. The reviewed firm pages do not provide enough comparable detail to declare either Webull or Fidelity stronger in authentication, monitoring, or fraud response.
SIPC protection is not protection from market losses
Webull’s disclosures say its Webull Financial LLC securities accounts have SIPC coverage up to $500,000, including a $250,000 cash sublimit. The disclosure also describes additional coverage that depends on whether accounts are under an omnibus Apex clearing relationship or fully disclosed. It says SIPC and excess-SIPC protection do not cover declines in market value, and that futures and assets outside the covered securities account are not covered. These figures describe Webull’s cited disclosure, not a like-for-like comparison of the firms’ full coverage arrangements.
Fidelity’s reviewed brokerage page identifies its brokerage and custody entities as SIPC members, but it does not establish enough detail here for a comparable coverage-limit and arrangement comparison. SIPC membership does not tell you which firm has stronger login or account-monitoring controls. Webull’s disclosures page describes its stated coverage and includes the warning: “While we employ robust security measures, no system is completely immune to cyberattacks.”
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to transfer an account into Webull
Webull says an incoming transfer is submitted through ACATS after you have an approved, open Webull brokerage account. It allows full or partial transfers, subject to account and asset eligibility. Its Transfer Basics FAQ lists individual cash or margin accounts, Traditional, Rollover, and Roth IRAs, and joint cash or margin accounts among supported account types.
Check holdings and registration before starting
Webull’s FAQ says incoming assets generally must be tradable on Webull, denominated in U.S. dollars, and worth at least $100. Eligible categories listed include U.S. exchange-listed stocks, ETFs, ADRs, eligible options, Treasuries, corporate bonds, and certain tradable OTC stocks. Options require sufficient options approval, and certain options near expiration are ineligible.
Best Value
Open-ended mutual funds, cryptocurrencies, warrants, and rights are among the assets Webull lists as unsupported. Fractional shares are liquidated during an incoming transfer, according to the FAQ. Confirm the exact security, account registration, and any options eligibility with Webull before you submit the request.
Understand the transfer charge
Webull says it charges $0 on the receiving side. Its FAQ says the delivering broker typically charges approximately $75 and may charge more; ask that institution for its actual fee. This is separate from Webull’s listed $75 outgoing fee when Webull is the delivering firm.
How to transfer an account out of Webull
Webull’s instructions say to request an outgoing transfer through the receiving broker, rather than starting it in Webull. Before submitting, settle trades and deposits and check whether assets can transfer in kind. Webull lists a $75 fee for full and partial outgoing transfers.
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1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minute- Confirm the receiving account: Open the destination account and verify that its registration matches the account you intend to transfer.
- Review assets and settlement: Webull’s guidance says trades and deposits must be settled. Fractional shares, Treasury bonds, and money-market funds cannot be transferred under that guidance and are liquidated after an outgoing transfer is initiated.
- Check timing restrictions: Options expiring within two weeks cannot be transferred. Recently settled deposits may be subject to a holding period of up to 30 days.
- Submit the request to the receiving broker: Follow that firm’s ACATS instructions and confirm the Webull account details it requests.
- Allow for processing and basis information: Webull estimates 3–5 business days for outgoing ACATS processing and 10–15 business days for cost-basis information. It warns that circumstances can vary, so these are estimates rather than guarantees.
For a partial transfer, Webull says tax lots depend on the account’s active tax-lot method. Review the lots and records in both accounts after the transfer. The full process and restrictions are on Webull’s outgoing transfer instructions.
What should you verify before transferring to or from Fidelity?
Fidelity’s fee schedule lists transfer of assets at $0 per transfer. The reviewed Fidelity pages do not establish its detailed incoming and outgoing ACATS workflow, current unsupported-asset list, or transfer timing. Do not assume those details match Webull’s rules. Before starting a transfer in either direction, confirm the account registration, eligible holdings, transfer method, settlement requirements, and any charge with Fidelity and the delivering firm.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
