Webull vs. Charles Schwab for Copy Trading

By The RelayTrades Team · Reviewed for accuracy · Updated September 10, 2026 · 4 min read

Educational information, not investment advice. See our editorial standards.

Quick answer

For copy trading these two are not equivalent, and the difference is not a matter of taste. Webull is execution-enabled: copied orders route straight into your own Webull account, sized to your limits. Charles Schwab can be connected and tracked, but copied orders cannot be placed in it. Schwab requires every application that trades over its API to hold its own approved Schwab application keys, and that approval has not been granted to RelayTrades yet. It is a commercial review Schwab controls, with no published timeline. So if you want hands-off copying, the answer is Webull. If you hold Charles Schwab, you can still connect it to follow strategies and see everything in one place, then place trades yourself.

Part of the complete guide to copy trading.

Most broker comparisons come down to fees and apps. This one does not. For copy trading specifically, Webull and Charles Schwab are not interchangeable: only Webull can receive a copied order today.

The part that actually decides it

  • Webull: execution-enabled. Copied orders route into your own account, covering stocks, ETFs, and options.
  • Charles Schwab: tracking only. You can connect it and follow strategies, but copied orders cannot be placed.

Schwab requires every application that trades over its API to hold its own approved Schwab application keys, and that approval has not been granted to RelayTrades yet. It is a commercial review Schwab controls, with no published timeline.

What is the same on both

  • Both connect securely through SnapTrade, so your broker login is never shared with RelayTrades.
  • Both keep your funds in your own account. RelayTrades never takes custody.
  • Both show your positions, balances, and performance in one place.
  • You can revoke either connection whenever you want.

Broker style, if execution is not the deciding factor

Webull is an app-first broker popular with active and mobile-focused traders, with strong charting. Charles Schwab is one of the largest, most established full-service brokerages, with broad market access and extensive research. If that full-service feel is what you want and you also want copying to work today, E*TRADE is the closer match.

If you want copies placed for you, choose Webull. Charles Schwab connects for tracking, and this page will be updated the day copied orders can reach it.

Copy trading does not remove risk on either broker. The trader you copy can lose money and so can you, even with risk limits in place. RelayTrades is automation software, not affiliated with or endorsed by Webull or Charles Schwab. Past performance is not indicative of future results.

Frequently asked questions

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How to Choose a Copy Trading Strategy to Follow

Choose a copy trading strategy by reviewing its full track record (including drawdowns), the instruments it trades, its style and frequency, and how well it fits your goals.

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Or read the complete guide to copy trading and browse the glossary.

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RelayTrades provides software and automation support, not investment advice or capital management. All trading involves risk; past performance is not indicative of future results.