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Public vs Webull
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Public leads
- 1
- Webull leads
- 1
- Level
- 7
Of 9 scored facts, Public leads on 1, Webull on 1, and 7 are level. Countries and the offer are not scored.
Trade & Sync with QuantWheel
Your tradingabout $0.56 a monthabout $6.68 a yearSEC, assignment and quote fees estimated.
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Trade & Sync with QuantWheel
Your tradingabout $0.59 a monthabout $7.07 a yearAssignment and inactivity fees estimated.
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Up to three brokers, with a year of your trading at each
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact | Public | Webull |
|---|---|---|
| Fee per contract | $0 per contract | $0 per contract |
| Public, Index options $0.35 plus exchange fees | Webull, Oversized and index orders cost extra | |
| Exercise and assignment | Not published | Not published |
| Approval | Naked | Naked |
| Public, Up to naked short options | Webull, Up to naked short options | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | Not published | Not published |
| Spreads in an IRA | No | No |
| Portfolio margin | No | Not published |
| Margin rate | 5.15%Best | 8.74% |
| Platforms | Web, Mobile, API | Web, Desktop, Mobile, APIBest |
| Paper trading | Not published | Yes |
| 24/7 support | No | No |
| Countries | US only (SSN, US address; citizen, permanent resident or valid visa) | US residents only (incl. accepted visa holders); SSN or ITIN and US address needed |
| QuantWheel | Trade & Sync | Trade & Sync |
| Public, Reads the account and places the orders you approve | Webull, Reads the account and places the orders you approve | |
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Public$0 per contract · exercise fee not published · naked
Public opens options accounts for residents of the United States only. It charges $0 per contract (Index options $0.35 plus exchange fees). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of 8 of the 243 countries this directory covers, among them the United States, Brazil and Mexico. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
Public
about $0.07 a trade, under 0.1% of your premium. SEC, assignment and quote fees estimated.
about $0.56 a monthabout $6.68 a year
Webull
about $0.07 a trade, under 0.1% of your premium. Assignment and inactivity fees estimated.
about $0.59 a monthabout $7.07 a year
Public does not publish every fee this strategy needs, so no broker is named lowest here.
A year from each broker's published fees. A fee a broker leaves out is estimated at the middle of what the brokers that publish it charge, and that total says about. Your broker statement can differ, and brokers change fees.
Who each suits
Written from the facts on this page. Each feature needs the broker's approval and account rules.Public suits a trader who trades 0DTE index options. It lets you open new same-day positions until 3:00 pm ET and close same-day index positions until 4:00 pm ET. Webull suits a trader who wants paper trading, a desktop platform or phone support. Both allow naked options at Level 4, with a minimum balance at Webull, and both allow covered calls and cash-secured puts in an IRA. QuantWheel sends the orders you approve to both.
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Public vs Webull