Webull vs. TradeZero Introduction
If basic trading tools aren’t enough for you, Webull and TradeZero may be worth a look. Both companies
offer advanced software and much more.
Cost
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
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Webull
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$0
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na
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$0 per contract
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$0
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$0
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TradeZero
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$0
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na
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$0.59 per contract
|
$0
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na
|
Services
| Broker Review |
Cost |
Investment Products |
Trading Tools |
Customer Service |
Research |
Overall Rating |
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Webull
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TradeZero
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Promotions
Webull:
Claim 12 free stocks worth up to $3,600 + a 5.00% APY on cash + a 3.5% IRA match with Webull.
TradeZero:
Currently, no promotions.
Tradable Assets
TradeZero delivers a relatively small selection of tradable instruments:
- Options
- ETFs
- Closed-end funds
- Equities, including OTC and penny stocks
Although penny stocks can be traded, securities priced below $1 and OTC/Pink Sheet trades have commissions. TradeZero’s current lineup focuses on U.S. equities, ETFs, and options; it does not include cryptocurrency trading.
Webull customers can trade the same assets TradeZero offers, plus futures, bonds, cryptocurrencies, event contracts, money market funds, and select mutual funds in IRAs. Webull does not charge an additional stock commission on eligible OTC trades.
Winner: Webull
Margin Accounts
Webull and TradeZero both offer cash and margin accounts. Webull no longer permits customers to convert an existing cash account to margin or vice versa; customers can instead open one individual cash account and one individual margin account. At both firms, at least $2,000 in margin equity is required to use margin buying power.
Both firms provide margin details for short and long positions on entered ticker symbols. At TradeZero, there is a Reg-T margin calculator on the website (look for it under the Tools tab). At Webull, a security’s profile has this information, and actually more.
TradeZero charges a flat 9% across all debit levels. Webull’s standard margin rate is 8.74%, while Webull Premium customers can receive lower rates based on the debit balance.
Winner: Debatable
Websites
Both investment firms offer browser-based trading platforms in addition to account-management tools. Webull’s site also has market and securities news. Stock profiles include charts and detailed company and trading information.
Webull’s browser platform delivers lots of useful tools, including multiple trade tickets. Available equity order types include:
- Market
- Limit
- Sell stop
- Stop limit
- Trailing stop
- Take-profit/stop-loss
- OCO
- OTO
- OTOCO
- Conditional
Charts on Webull’s site can be displayed across the full width of the monitor, and there are lots of analytical tools.
TradeZero has multiple web-based platforms, including ZeroFree and TZ1. Both platforms are free.
TZ1 has the stronger browser-based feature set, including custom layouts, advanced hotkeys, TradingView charting, direct short locates, and multi-leg options. Options trading is available across TradeZero’s web, desktop, and mobile platforms, although the most advanced multi-leg tools are found on TZ1 and ZeroPro.
Another weakness for TradeZero America is its $2,500 account-funding minimum. However, its platform lineup is broader than the original draft suggested.
Winner: Webull
Mobile Apps
TradeZero’s mobile app can trade options and includes a short-locate tool, making it unusual among brokerage mobile apps. Other widgets include watchlists and charts.
The Webull app doesn’t have a short-locate widget, although it does have many useful features. These include options trading and a community forum. TradeZero’s mobile app also supports options, but it does not have a comparable social forum. Webull’s app provides a standard order ticket and a TurboTrader interface that can be used to submit orders quickly.
We also like Webull’s app for its very good charting tools, which include a replay mode where previous price action plays out over time. The app also has a section for Webull promotions, which are ongoing.
Winner: Webull
Desktop Software
The highest level of trading will be found at either brokerage firm using a desktop platform. Webull’s is free, while TradeZero’s ZeroPro costs $59 per month. The ZeroPro fee is waived after 100,000 shares are traded during the month.
ZeroPro has many professional-level features. During our test drive of the software, we really liked the advanced order ticket, which includes the following features:
- Cxl Last (cancel the last order)
- Position (loads an existing position into the ticket)
- Range (bracket order)
Webull’s desktop platform also has bracket orders. Although the interface is noticeably different, the software has many of the features ZeroPro offers, including hotkeys, advanced charting, and watchlists. Both platforms support multi-leg option strategies.
Winner: Webull
Day Trading
Leverage: Webull offers up to 4:1 intraday leverage and 2:1 overnight leverage on eligible securities once the account meets the $2,000 margin-equity requirement. TradeZero America also requires at least $2,000 in margin equity to use margin. TradeZero International offers up to 6:1 intraday leverage on qualifying accounts funded with at least $500.
Shorting: Both brokerage firms permit short positions. Only TradeZero has a short-locate tool.
Extended Hours: Webull offers 24/5 trading in eligible stocks and ETFs. TradeZero offers pre-market and after-hours trading from 4:00 am to 8:00 pm ET but does not offer a separate overnight session.
Level II Quotes: Available at both brokerage firms, although subscription requirements and fees vary.
Routing Fees and Rebates: Only TradeZero has them.
Direct-access Routing: Ditto.
Winner: TradeZero
Other Services
Banking Tools: TradeZero does not offer any significant cash-management features. Webull pays
3.6% APY interest on eligible cash balances.
IRAs: Only Webull offers Individual Retirement Accounts.
Dividend Reinvesting: A free Dividend Reinvestment Program is available at Webull for eligible stocks and ETFs.
IPO Access: Eligible Webull customers can participate in Initial Public Offerings.
Fractional-share Trading: Available at Webull.
Winner: Webull
Recommendations
Beginners: Webull offers simulated trading on its platforms. TradeZero offers a free paper-trading account for 30 days, and funded customers can continue using paper trading.
Small Accounts: Because TradeZero America has a $2,500 account-funding minimum, we don’t recommend it. Webull has no minimum opening deposit, although $2,000 in margin equity is required to use margin buying power or short stocks.
Active Stock Trading: TradeZero has more specialized short-selling and direct-routing tools, although we don’t like ZeroPro’s software fee. We do like Webull’s fractional-share trading.
Long-Term Investors & Retirement Savers: As the only brokerage firm with IRAs, Webull gets the endorsement.
Webull vs TradeZero Summary
Although TradeZero has good day-trading tools, some of its advanced features come at a cost that Webull customers don’t have to pay. Webull is clearly the better value of the two, although investors who don’t mind ZeroPro’s software fee may find TradeZero’s specialized short-selling tools worthwhile.
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Updated on 7/24/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
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