Based vs Webull
Webull is the commission-free trading app known for charts, options and overnight sessions.Based is a self-custody wallet for trading Hyperliquid's 24/7 markets. Different tools built on different assumptions. Here is how they actually compare, without trash talk.
Side by side
| Feature | Based | Webull |
|---|---|---|
| What it is | A self-custody wallet for trading on Hyperliquid, a decentralised platform. Not a broker. | A regulated US broker-dealer holding customer accounts. |
| Trading hours | 24/7. Nights, weekends and holidays included. | US stocks roughly 24/5, combining pre-market, regular, after-hours and overnight sessions. Closed on weekends. |
| Custody | Self-custodial. Assets stay in a wallet you control; Based never holds them. | Custodial. Assets are held in your Webull brokerage account. |
| Markets | Perpetual futures on Hyperliquid tracking US and Asian stocks, plus crypto perps and prediction markets. Derivatives with liquidation risk and funding fees, not share ownership. | US stocks, ETFs and options. Asian markets only via separate Webull entities in those countries. |
| Account requirements | No brokerage account and no bank account. A self-custodial wallet funded with USDC. | US brokerage account with identity verification and bank funding. |
| Fees | No commissions. All-in from 0.011% taker and 0.005% maker on stock perps, discounts for staking. | Commission-free stock trades, with per-contract pricing on some options tiers. |
Who Based suits
Based suits traders who already live in Webull's overnight sessions and keep hitting the same wall: Friday 8pm. Markets here run through the weekend, custody stays with you, and getting started takes a wallet rather than a brokerage application.
Who Webull suits
Webull suits active US traders who want real shares, options chains and detailed charting for free. If options are a big part of your trading, Webull covers ground Based does not.
Want the mechanics behind the differences? How trading without a broker works and market hours vs 24/7 trading cover them in plain terms. Or jump straight to a market: NVDA, TSLA or the full markets list.
Frequently asked questions
- Is there a Webull alternative that trades 24/7?
- Yes. Webull covers US stocks about 24 hours a day on weekdays, but closes for the weekend. The stock markets Based connects you to never close. You trade perpetual futures that track stock prices, from a self-custodial wallet, with no brokerage account and no bank account.
- Can I trade stocks on Saturday with Webull?
- No. Webull's overnight trading covers weeknights only. After Friday evening the next chance to trade is Sunday evening. On Based, Saturday is a normal trading day.
- How is Based different from Webull's overnight trading?
- Webull's overnight sessions route orders on selected US securities during weeknights, inside a standard brokerage account. Based connects you to native 24/7 markets on Hyperliquid, including weekends and Asian names like SK Hynix, traded from a wallet you custody yourself.
- Do I need a bank account to use Based?
- No. Deposits are USDC into a self-custodial wallet. Webull accounts are funded from a linked bank account.
Start in three steps
- Step 1
Connect a wallet
Any self-custodial wallet works. No account application, no paperwork.
- Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
- Step 3
Trade 24/7
Stock perps, crypto perps and prediction markets. Nights, weekends, holidays.
Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins.