Questrade versus Webull for Canadian and US citizens - compare commissions, investing fees, trading tools, account pros and cons. Which online broker is better?

Eligibility

Questrade is a low cost Canadian brokerage firm, and it is available ONLY to Canadian citizens and legal residents. See Questrade Reviews.

Webull is a brokerage firm focused mainly on United States customers, and it is NOT available to Canadians. Read WeBull Review.


Webull Promotion

Grab your last chance to get 12 free stocks valued up to $30,600.

Open WeBull Account

Questrade Promotion

Get $50 in free trades with new Questrade account.

Open Questrade Account

What is WeBull Investing?

Webull is a broker that gained big market share in the no-cost trading space by offering $0 commissions on all products. This article will offer a detailed look at what Webull is and the features they offer to their account holders.

Free Trades

Webull attracts investors with their $0 commissions. Trading with Webull is always commission-free. They also don’t require you to maintain any minimum balances to keep your account open or avoid maintenance fees (of which there are none). The only trading costs you’ll incur are the small regulatory, exchange-directed fees that all brokers pass on to investors.

Other Fees

Despite Webull’s free trading and lack of account fees, they do have a couple other fees you should be aware of. They are one of the few brokers that will charge you a fee for incoming wire transfers below $25,000 (except for your incepting deposit). There is an $8 fee for domestic wires and $12.50 charge for international transfers. This is in addition to the fees that the banks generally charge for sending a wire. Webull’s fees for outgoing wire transfers are notably higher at $25 and $45 for domestic and international wires, respectively.

The good news is that the more common method of moving money between accounts, electronic or ACH transfers are free at Webull. Transferring your Webull portfolio to another broker would incur a $75 fee, which is standard across the industry.


WeBull vs questrade


Webull


Continue Reading