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Fidelity vs Webull 2020

Is Fidelity better than Webull? After testing 15 of the best online brokers over five months, Fidelity (95%) is better than Webull (0%). Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 30 million customers, Fidelity is a winner for everyday investors.

Trade Commission-Free No commissions to trade online U.S. stocks, ETFs, and options.1 Open Account
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Overall Rating

Feature Fidelity Webull
Overall 5 3.5
Fidelity Review Webull Review

Trading Fees

Feature Fidelity Webull
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.00
Mutual Fund Trade Fee $49.95 N/A
Broker Assisted Trades Fee $32.95 N/A
Commissions & Fees 4.5 4.5
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Margin Rates

Feature Fidelity Webull
Under $24,999.99 8.33% 6.99%
$25,000.00 to $49,999.99 7.83% 6.49%
$50,000.00 to $99,999.99 6.88% 6.49%
$100,000.00 to $249,999.99 6.83% 5.99%
$250,000.00 to $499,999.99 6.58% 5.49%
$500,000.00 to $999,999.99 4.25% 4.99%
Above $1,000,000.00 4.00% 4.49%
Commissions & Fees 4.5 4.5
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Account Fees

Feature Fidelity Webull
IRA Annual Fee $0.00 N/A
IRA Closure Fee $0.00 N/A
Returned ACH Fee $0.00 $30.00
Returned Wire Fee $0.00 $30.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $100.00 N/A
Paper Statement Fee $0.00 $5.00
Paper Confirmation Fee $0.00 $2.00
Domestic Wire Fee $0.00 $8.00
International Wire Fee $0.00 $12.50
Commissions & Fees 4.5 4.5

Investment Options

Feature Fidelity Webull
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 1
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs all all
Mutual Funds (No Load)
3957 0
Mutual Funds (Total)
11246 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2
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Order Types

Feature Fidelity Webull
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2
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Trading Platforms

Feature Fidelity Webull
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
91 35
Heat Mapping
Yes No
AI Assistant Bot
Yes No
Platforms & Tools 4.5 3
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Charting Features

Feature Fidelity Webull
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
166 44
Charting - Drawing Tools
22 14
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
5 2
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
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Day Trading

Feature Fidelity Webull
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
No No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
No No
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
No No
Short Locator
Yes No
Order Liquidity Rebates
No No
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Mobile Trading Apps

Feature Fidelity Webull
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
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Mobile App Features

Feature Fidelity Webull
Watch List Syncing
Yes Yes
Stock Alerts
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 5 4
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Research Overview

Feature Fidelity Webull
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 5 2
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Stock Research

Feature Fidelity Webull
Stock Research - Reports
16 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 5 2
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ETF Research

Feature Fidelity Webull
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 2
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Mutual Fund Research

Feature Fidelity Webull
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 2
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Options Trading

Feature Fidelity Webull
Option Chains - Streaming
Yes No
Option Chains - Total Columns
26 12
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 3
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Beginners

Feature Fidelity Webull
Education (Stocks)
Yes No
Education (ETFs)
Yes No
Education (Options)
Yes No
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
No Yes
Videos
Yes No
Webinars (Monthly Avg)
8 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 2
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Banking

Feature Fidelity Webull
Retail Locations
197 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 0
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Overall

Feature Fidelity Webull
Fidelity Review Webull Review
Overall 5 3.5
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Fidelity vs Webull.

Is Fidelity or Webull better for beginners?
Fidelity is better for beginner investors than Webull. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about Fidelity vs Webull pricing?
Fidelity and Webull both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at Fidelity and $0 at Webull. For a complete commissions summary, see our best discount brokers guide.

Does Fidelity or Webull offer a wider range of investment options?
Fidelity offers a more diverse selection of investment options than Webull. Fidelity offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Advisor Services and International Trading. Looking at Mutual Funds, Fidelity offers its clients access to 11246 different mutual funds while Webull has 0 available funds, a difference of 11,246.

Which trading platform is better: Fidelity or Webull?
To compare the trading platforms of both Fidelity and Webull, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found Fidelity to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity while customers at Webull can have none of these.

Overall, between Fidelity and Webull, Fidelity is the better online broker.

Fidelity Review
Webull Review

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All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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