Schwab vs Webull options fees (2026)
Webull is cheaper per contract ($0.00 vs $0.65). Exercise/assignment fees can't be compared because Webull doesn't publish one we could verify. At the smallest balance tier each lists, Schwab charges 12.075% ($100-$24,999.99) and Webull charges 8.74% (Standard, all balances).
| Charles Schwab | Webull | |
|---|---|---|
| Per-contract commission | $0.65 Source: www.schwab.com, retrieved 2026-10-25 | $0.00 Source: www.webull.com, retrieved 2026-10-25 |
| Exercise / assignment fee | $0.00 Source: www.schwab.com, retrieved 2026-10-25 | unverified (not on webull.com/pricing) Source: www.webull.com, retrieved 2026-10-25 |
| Index option fees | $0.65/contract + exchange proprietary index fee passed through as Industry Fee (amount not stated by Schwab) Source: www.schwab.com, retrieved 2026-10-25 | $0.50/contract on certain index options Source: www.webull.com, retrieved 2026-10-25 |
| Margin rates | $100-$24,999.99: 12.075% $25,000-$49,999.99: 11.575% $50,000-$99,999.99: 10.625% $100,000-$249,999.99: 10.575% $250,000-$499,999.99: 10.325% Source: www.schwab.com, retrieved 2026-10-25 | Standard, all balances: 8.74% Premium $0-$24,999: 5.45% Premium $25k-$99,999: 5.25% Premium $100k-$499,999: 4.7% Premium $500k-$999,999: 4.65% Premium $1M-$9.99M: 4.45% Source: www.webull.com, retrieved 2026-10-25 |
Per-contract figures exclude regulatory pass-through fees. Estimate your yearly cost with the calculator. See full pages for Schwab and Webull.