Webull
Pros
- $0 commissions on U.S. exchange-listed stocks, ETFs and options
- No deposit minimums for brokerage accounts
- Fractional shares available from $1.00
- 24/5 trading on select stocks and ETFs
- Paper Trading lets users test strategies without real money
- Cash Management includes up to $5,000,000 of FDIC coverage
- Webull Advisors fee is 0.20% AUM or $1, whichever is greater
Cons
- $0.50 per contract fee applies to certain index option trades
- $0.10 per contract fee applies to oversized option orders
- $75 fee for outgoing stock transfers
- Margin trading requires at least $2,000 in equity
- Futures accounts are not protected by SIPC
- Overnight trading covers select stocks as whole shares only
- Coinbase-supported crypto customers have a $2 minimum order size