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Webull vs Fidelity for investors and Roth IRA savers in 2026

Nicolas StrautBy Nicolas StrautLast updated 7 min read
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Key takeaways

  • IRAs held $19.9 trillion in assets at the end of the second quarter of 2026, up 9.2% from the first quarter.1
  • When choosing between Webull and Fidelity, start with whether you will pay $40 a year for Webull Premium to earn its larger IRA match before you compare trading features.
  • Webull is the stronger fit for an IRA saver who contributes every year and keeps Premium, and Fidelity for an investor who wants 0% expense ratio index funds, mutual funds, and no fee to leave.
In this article

Webull vs Fidelity comes down to a match vs a free exit: Webull pays a 3.5% match on IRA contributions to members of its paid Premium plan, and Fidelity pays no match at all but charges nothing to move your account out.2 Fidelity offers its own index funds, a large mutual fund lineup, and no account fees. Webull's best perk, the 3.5% match, requires a Premium subscription. This guide compares Webull and Fidelity across the IRA match, funds, trading costs, and the cost of leaving.

Webull vs Fidelity at a glance

Webull vs Fidelity differs on almost every feature that affects an IRA. Webull's figures come from its own IRA and pricing pages and Fidelity's from fidelity.com, all read in the week ending October 6, 2026.

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WebullFidelity
IRA match on contributions3.5% with Premium, 1% withoutNone
Match on IRA transfers and rollovers1% with Premium, for a limited timeNone
Paid tierPremium, $40 a yearNone
IRA typesTraditional, Roth, rolloverTraditional, Roth, rollover
Options$0 on US-listed options; $0.50 per contract on certain index options$0 commission plus $0.65 per contract
Index funds at a 0% expense ratioNot confirmedFour ZERO funds, no minimum
MarginNot confirmedBase rate 10.825%; 12.075% on loans under $25,000
Uninvested cashSweep APY not confirmedSPAXX 7-day yield 3.49% (October 5, 2026)
Outgoing transfer$75 per stock transfer$0
Account minimumNo deposit minimum$0

What is Webull?

Webull is an app-first broker whose strongest pitch to a long-term saver is its IRA, offered as traditional, Roth, and rollover accounts, with 401(k) rollovers handled through a partner, Capitalize. Its paid tier, Webull Premium, costs $40 a year. Premium raises the IRA contribution match to 3.5%, vs 1% for everyone else.

Tweed's Webull review covers the trading app itself, and the Webull IRA review walks through the match terms in full. Most of Webull's IRA case depends on Premium.

What is Fidelity?

Fidelity is a full-service broker with $0 online commissions on US stocks, ETFs, and options, its own index funds, Treasuries, and bonds, and no account fee or minimum.3 It charges nothing to transfer an account out or to close an IRA.

Tweed's Fidelity IRA review covers its retirement accounts and its robo advisor, Fidelity Go. Fidelity has no subscription tier.

Webull vs Fidelity features compared

Webull wins on the match and on options pricing, and Fidelity wins on funds, published rates, and the exit. Each section opens with the broker that comes out ahead.

The IRA match

Webull wins for an IRA saver who contributes every year, because Premium members earn 3.5% on IRA contributions, while Fidelity pays no match. Without Premium, Webull still pays 1% on qualifying deposits, and Fidelity pays nothing. Webull's IRA page didn't spell out a holding period or a clawback when Tweed read it. If Webull can take the match back when you move early, you don't fully own the match until any holding period ends, so ask Webull before you count on it.

Index funds and mutual funds

Fund investors get Fidelity's four ZERO index funds at a 0% expense ratio with no minimum, and Fidelity's own funds cost $0 to buy. Funds that carry a transaction fee cost $49.95 a purchase, which is the main place a Fidelity investor can still pay to trade. Webull's fund lineup wasn't part of what Tweed confirmed on its pages, so a plan built on index mutual funds points to Fidelity.

Options and trading costs

Options traders pay less at Webull, whose pricing page lists $0 commission on US-listed stocks, ETFs, and options, with $0.50 per contract only on certain index options. Fidelity charges $0 commission plus $0.65 per contract, so 100 stock or ETF option contracts a year cost $65 there and nothing at Webull. Webull's page also lists two pass-through charges, the SEC fee and the Consolidated Audit Trail fee, that regulators set, not Webull.

Cash and margin

Idle cash has a published yield at Fidelity, where the SPAXX money market fund showed a 3.49% seven-day yield as of October 5, 2026. Fidelity's base margin rate is 10.825% as of September 18, 2026, but a loan under $25,000 pays 12.075%. Fidelity's lowest published rate, 7.75%, applies only above $1,000,000. Webull's sweep APY and margin rates weren't confirmed on its own pages.

The cost to leave

Investors who might move get a free exit at Fidelity, which charges nothing to transfer an account out or close an IRA, vs $75 for an outgoing stock transfer at Webull.4 Whether Webull takes back recent match money when you leave wasn't stated on its IRA page. Ask Webull before you move matched money.

Webull vs Fidelity fees for two kinds of IRA saver

Webull vs Fidelity fees differ most inside an IRA, so the tables below price two savers in dollars. They use the 2026 limit and today's terms for every year, leave out market returns, and assume Webull applies no clawback, which its IRA page didn't address.

A saver who maxes the IRA for five years, then moves

A saver who maxes the IRA every year and then moves the account nets $1,037.50 at Webull with Premium and nothing at Fidelity.5 Without Premium, Webull's 1% still leaves $300 after the exit fee.

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Five years at the $7,500 limit, under age 50FidelityWebull, no PremiumWebull with Premium
Match earned$0$375$1,312.50
Premium cost$0$0$200
Fee to transfer out$0$75$75
Net$0$300$1,037.50
Match a year at 50 and older, on $8,600$0$86$301

A saver putting in $2,000 a year

Premium pays for itself once you contribute more than $1,600 a year. Below that, the $40 fee takes more than the extra match adds.

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$2,000 a year into an IRAFidelityWebull, no PremiumWebull with Premium
Match$0$20$70
Premium cost$0$0$40
Net for the year$0$20$30

Webull vs Fidelity for a Roth IRA

Webull vs Fidelity for a Roth IRA is the same choice: Webull pays a match on what you contribute, while Fidelity offers lower-cost funds to hold once the money is in the account. The 2026 IRS rules below apply the same way at either broker, because the limit is per person, not per account.

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2026 Roth IRA ruleFigure
Contribution limit, under 50$7,500
Limit at 50 and older$8,600
Income phase-out, single$153,000 to $168,000
Income phase-out, married filing jointly$242,000 to $252,000

The broker changes the costs and features around that limit. Fidelity's Roth IRA has no opening fee or minimum and lets you invest from $1, and Fidelity Go charges no advisory fee under $25,000. Webull's edge is the match, which Tweed's best Roth IRA accounts list compares with the other brokers that pay a match.

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Roth IRAWebullFidelity
Contribution match3.5% with Premium, 1% withoutNone
Minimum to openNo deposit minimum$0
Managed RothNot covered hereFidelity Go, $0 advisory fee under $25,000
Fee to leave$75 outgoing stock transfer$0

Should you choose Webull or Fidelity?

Should you choose Webull or Fidelity? The answer depends on whether a contribution match or the funds inside the account matter more to you, and the lists below describe who each broker fits. For the wider field, Tweed's best IRA accounts roundup adds Schwab and Vanguard.

Choose Webull if

  • You contribute more than $1,600 a year to an IRA and will keep Premium
  • You want a match on an IRA transfer or rollover while Webull's limited-time 1% offer runs
  • You trade stock or ETF options and want to pay nothing per contract

Choose Fidelity if

  • You build around index funds or mutual funds, including the 0% expense ratio ZERO funds
  • You want no fee to leave and no subscription to track
  • You'd like a managed Roth with no advisory fee under $25,000

Run your own match math before you open an account

A 3.5% match pays more as your contribution grows, so run the Tweed Retirement Calculator once with the match and once without, then subtract the $40 fee. If a 3% match from Robinhood is also on your list,Robinhood vs Fidelity compares that match with the same Fidelity account. If Schwab is the other broker on your list, Webull vs Schwab compares Webull with Schwab.

Frequently asked questions about Webull vs Fidelity

Is Vanguard or Webull better?

Vanguard or Webull is better depending on what you hold. Vanguard charges $0 for online stock and ETF trades and is built around its own index funds, Most of its Admiral Shares index funds need $3,000 to start. Vanguard pays no IRA match, so Webull's Premium plan comes out ahead for a saver who contributes every year.

Is Webull as good as Robinhood?

Webull is as good as Robinhood on the IRA match: Premium pays 3.5% for $40 a year. Robinhood Gold pays 3% and costs $5 a month. Robinhood publishes a margin table and a cash rate that Webull's pages didn't confirm. Robinhood charges $100 to transfer out, vs Webull's $75.

Does Fidelity charge a fee if you sell a fund quickly?

Yes, Fidelity charges a fee if you sell a no-transaction-fee fund quickly: $49.95 when you sell it within 60 days of buying, according to its commissions page. Fidelity's own funds cost $0 to trade, and holding an outside no-transaction-fee fund for 60 days or more avoids the charge.

Does Webull charge a monthly fee?

No, Webull doesn't charge a monthly account fee, and Premium is optional and billed once a year at $40, not monthly. Fidelity has no account fee or subscription either. At both brokers, you'll pay a recurring IRA cost only for services you choose, not for holding the account.

Is Fidelity or Schwab better for IRA?

Fidelity or Schwab can both be the better IRA, and neither pays a match. Schwab offers five IRA types, including inherited and custodial, and thousands of OneSource funds with no transaction fee. Fidelity publishes a $0 fee to transfer an account out, a figure Tweed couldn't confirm on schwab.com, and offers 0% expense ratio index funds.

Is anything better than Fidelity?

Nothing is better than Fidelity for every investor, but several brokers beat it on a single feature. Webull, Robinhood, Public, and SoFi pay an IRA match and Fidelity doesn't. Robinhood's published margin rates top out at 5.25%, well under Fidelity's 12.075% on small loans. For a fund investor who wants a free exit, Fidelity is hard to beat.

Which brokerage has the best IRA?

The brokerage with the best IRA is the one whose strength matches how you save. On matches, Public's $20-a-month Reserve plan leads at 4% as of October 6, 2026, ahead of Webull Premium and Robinhood Gold. Fidelity, Schwab, and Vanguard pay none but offer far more mutual funds and account types.

Sources

  1. https://www.ici.org/statistical-report/ret_26_q2
  2. https://www.webull.com/trading-investing/ira
  3. https://www.fidelity.com/why-fidelity/pricing-fees
  4. https://www.webull.com/pricing
  5. https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500
Nicolas Straut
Nicolas Straut

Personal finance writer, former Forbes contributor and This Week in Fintech writer. He isn't a financial advisor or a CPA.

nicstraut.com

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