Compare
Altruist vs Webull
Prices, payments, fees and registration, side by side.
Market orders fill at once; marketable limit orders add a price cap.
The short answer
S&P 500 · Market orders · all sizes under $200,000
Per $10,000 of market orders in S&P 500 stocks, Webull customers pay about $0.48 less than Altruist customers: $1.02 above the fair price against $1.50 above the fair price. On identical trades, though, Altruist comes out ahead: part of the gap is what each broker's customers trade.
Trading firms pay Altruist about $0.11 and Webull about $0.77 per $10,000 order. Altruist's stock commission is not confirmed yet.
Not a verdict on which broker is better overall; for your own habits, use the yearly cost calculator.
Side by side
Tap a name for its report
| Measure | Altruist | Webull |
|---|---|---|
| Prices you getSeptember 2026 · S&P 500 · Market orders | ||
| Extra cost per $10,000 traded Dollars paid above the fair price (midpoint of the best buy and sell quotes) per $10,000 of market orders, all sizes under $200,000 averaged (largest orders weigh most); lower is better. | $1.50 | better: $1.02 |
| Customer pays, as a share of the spread 0% = you got the fair price, 100% = you paid the full gap between buy and sell quotes; lower is better. | better: 34.9% | 44.9% |
| Same-trade gap vs other brokers Points of the spread on identical stocks and order sizes; below zero = better than other brokers. | better: +22.3 pt | +35.3 pt |
| Average execution speed Average time from receiving a market order to completing it; faster is not better here, as brokers whose orders took longer got better prices. | 3 ms | 7 ms |
| Broker is paid, per $10,000 order What trading firms pay the broker for a $10,000 order (payment for order flow). | $0.11 | $0.77 |
| Orders that beat the quoted price Share of orders filled at least slightly better than quoted; it says little about how much you save, so it is context, not a score. | 98% | 95% |
| Typical order size Average dollars per order; brokers whose customers place bigger orders tend to get better prices. | $3,803 | $4,518 |
| Feeschecked Nov 1, 2026 and Nov 2, 2026 | ||
| Commission per stock trade Dollars per online stock or ETF trade; nearly every broker charges $0, so the real cost is in the price you get. | not confirmed | $0.00 |
| Options fee per contract Dollars per options contract to open a trade, on top of any per-trade commission. | not confirmed | $0.00 |
| Margin interest rate Yearly interest on a $25,000 margin loan. | not confirmed | 8.74% |
| Interest on idle cash Yearly interest (APY) on uninvested cash in a standard account. | not confirmed | 0.50% |
| Transfer-out fee For moving your whole account to another broker. Lower is better. | not confirmed | $75.00 |
| Is it registered?regulator records, not an endorsement | ||
| FINRA record BrokerCheck: the broker's licences, history and any disciplinary actions. | BrokerCheckBrokerCheck record | BrokerCheckBrokerCheck record |
| SIPC member Returns your securities and cash (up to $500,000) if the broker fails; not investment losses. | Yes | Yes |
| Reports what it is paid for orders Rule 606: where a broker sends orders and what it is paid. A broker whose orders go through another firm files none. | Yes | Yes |
Tick = the better value; unticked rows are context, not a score. Prices: September 2026 (SEC Rule 605), orders under $200,000. Payment: Apr–Jun 2026 (SEC Rule 606). How we measure
Cost by order size
S&P 500 · Market orders
Show as a table
| Order size | Altruist | Webull |
|---|---|---|
| <$250 | $2.38 | $1.35 |
| $250 | $2.54 | $1.03 |
| $1k | $2.49 | $0.77 |
| $5k | $2.57 | $0.71 |
| $10k | $2.10 | $0.73 |
| $20k | $1.40 | $1.01 |
| $50k | $0.77 | $1.31 |
| $200k+ | $0.63 | $1.47 |
Every broker gets far worse prices on orders of $200,000 and over.
What does this add up to in a year?
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