Written by StockBrokers.com
In this head to head comparison of Fidelity vs Webull, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
Here’s the short take: Fidelity is the better all-around pick for most investors thanks to its full lineup of investments and access to advisor services, while Webull stands out for traders who want futures and a wider crypto selection. If you prioritize mutual funds and guidance, go Fidelity. If you want to trade futures and dozens of cryptocurrencies, go Webull.
Both brokers let you trade stocks, options, margin, fractional shares, OTC stocks, forex, and crypto. Key differences: Fidelity offers mutual funds and advisor services, which Webull doesn’t. Webull offers futures trading, which Fidelity doesn’t. For crypto, Fidelity supports 3 coins, while Webull offers about 50. Both support Traditional and Roth IRAs.
Independent ratings echo the gap in breadth: Fidelity earns 5 stars for Range of Investments and ranks #3 of 14 at StockBrokers.com, while Webull earns 4 stars and ranks #11. That helps frame the choice—Fidelity for a wider menu and advice, Webull for futures access and a larger crypto list.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Account Feature - Margin Trading | Yes | Yes |
| Fractional Shares (Stocks) | Yes | Yes |
| OTC Stocks | Yes | Yes |
| Mutual Funds | Yes | No |
| Options Trading | Yes | Yes |
| Futures Trading | No | Yes |
| Crypto Trading | Yes | Yes |
| Crypto Trading - Total Coins | 3 | 50 |
| Range of Investments |
|
|
Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
When choosing between Fidelity and Webull for your trading needs, it's essential to weigh the strengths and features of each platform. Fidelity edges ahead slightly with its comprehensive suite, earning a rating of 4.5 stars for trading platforms and tools and securing the #4 rank out of 14 brokers on StockBrokers.com. Webull offers a strong alternative with a commendable rating of 4 stars and a #7 rank. The choice between the two may ultimately depend on specific preferences for tools like paper trading and customization options.
Both Fidelity and Webull offer versatile platforms accessible across Windows and Mac, and through a browser. They support advanced trading with impressive charting capabilities but differ in finer details. Fidelity stands out with features like a trading journal, 92 fields for watch lists, and custom date ranges on charts. Its users also benefit from more technical indicators (129) and drawing tools (38) compared to Webull, which offers 52 indicators and 19 drawing tools. Although lacking paper trading, Fidelity excels in chart notes, historical trade displays, and corporate event displays.
Webull shines with its novel paper trading feature, catering to those who wish to practice strategies without financial risk. It allows for the creation of custom studies, a feature Fidelity lacks. While both platforms permit adjusting open orders on charts, Webull offers fewer customization options for its SMA studies with only two fields compared to Fidelity's five. Despite these differences, both services provide the flexibility of saving multiple chart profiles and displaying automated technical analyses, ensuring traders have dynamic and customizable experiences across the board.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Mac) | Yes | Yes |
| Paper Trading | No | Yes |
| Watchlists - Total Fields | 92 | 35 |
| Charting - Indicators / Studies | 129 | 52 |
| Charting - Drawing Tools | 38 | 19 |
| Platforms & Tools |
|
|
Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
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Fidelity and Webull both offer beginner-friendly investing education, including lessons on stocks, ETFs, options, and bonds, plus videos, webinars, quizzes, and tools to track your learning progress. Fidelity adds guidance on mutual funds, which Webull does not cover. If you want to practice trading without risking money, Webull offers paper trading, while Fidelity does not.
For overall quality, StockBrokers.com rates Fidelity 5 stars and ranks it #2 out of 14 brokers for education. Webull earns 4 stars and ranks #10 out of 14. Choose Fidelity if you want deeper coverage across more investment types; pick Webull if hands-on practice with a paper account is a priority.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | Yes |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | Yes | No |
| Education (Fixed Income) | Yes | Yes |
| Paper Trading | No | Yes |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When examining stock trading apps from Fidelity and Webull, it's evident that both platforms offer robust capabilities for users, but Fidelity has a slight edge overall. Fidelity offers a top-notch user experience with its app, rated 5 stars and ranked third out of fourteen brokers by StockBrokers.com. This platform includes features like mobile after-hours stock trading, streaming live TV, and customizable watch list columns. With 128 technical studies available for charting and the ability to display stock comparisons, Fidelity offers a comprehensive suite of tools for traders. In comparison, Webull, with a rating of 4.5 stars and a fifth-place rank, provides a strong but slightly less extensive feature set.
Both Fidelity and Webull provide trading apps for iPhone and Android devices, along with Apple Watch integration. They both support streaming quotes and mobile options trading, alongside features like stock alerts and the ability to create custom watch lists. However, Fidelity sets itself apart with enhanced offerings such as live TV streaming and video on demand, which Webull currently lacks. While both platforms support after-hours charting and landscape mode viewing, Fidelity provides a more extensive selection with its ability to customize watch list columns and a greater number of technical studies.
For traders prioritizing an all-inclusive app experience with advanced tools and customization, Fidelity may be the perfect choice. Meanwhile, Webull remains a strong contender, particularly appealing to users seeking a straightforward, user-friendly interface with solid core features. Ultimately, the choice between these two well-regarded platforms will depend on the specific needs and preferences of individual traders.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - After-Hours | Yes | Yes |
| Charting - Technical Studies | 128 | 56 |
| Mobile Trading Apps |
|
|
Dive deeper: Best Stock Trading Apps for 2025
Bottom line: Fidelity vs. Webull comes down to what you value. Both brokers have $0 minimum deposits and $0 stock commissions, but Webull is cheaper for active options traders and margin users (an 8.74% margin rate on balances under $100,000 and $0 per options contract). Fidelity is the better pick if you expect to move accounts, since it charges $0 for both partial and full ACAT transfers, whereas Webull charges $75.
Trading costs: Stock trades are $0 at both brokers. Options at Fidelity cost $0.65 per contract, while Webull charges $0; both charge $0 for option exercises and assignments. Margin pricing differs notably: Fidelity is 12.575% for balances under $25,000, 12.075% for $25,000–$49,999, and 11.125% for $50,000–$99,999; Webull is 8.74% across those tiers.
Account and IRA fees: Each broker has a $0 minimum deposit, $0 IRA annual fee, and $0 IRA closure fee. Transfer fees diverge—Fidelity’s ACAT partial and full transfers are $0, while Webull’s partial or full ACAT transfers cost $75.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $0.00 | $0.00 |
| Options (Per Contract) | $0.65 | $0.00 |
| Options Exercise Fee | $0.00 | $0.00 |
| Options Assignment Fee | $0.00 | $0.00 |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $0.00 | $0.00 |
Dive deeper: Best Free Trading Platforms for 2025
For day traders focusing on online platforms, Fidelity and Webull both offer features like streaming time and sales for stocks, trading hotkeys for keyboard trade entries, and access to level 2 quotes. However, Fidelity distinguishes itself with a wider array of offerings such as streaming live TV, direct market routing for stocks, and a short locator tool that provides real-time availability of shares to short. Additionally, Fidelity offers basic strategy backtesting which could be beneficial for traders who want to test their trading strategies before live trading, even though advanced strategy backtesting isn't available.
Webull, on the other hand, excels in areas like providing ladder trading, a feature that Fidelity lacks. This can be an asset for traders interested in visualizing price action in a specific format. While Webull does not offer streaming live TV or direct market routing, it retains essential features like trading hotkeys and level 2 quotes, making it a competent choice for day trading. Both brokers do not provide advanced strategy backtesting or order liquidity rebates (maker/taker), which may impact those seeking deeper strategic trading capabilities. Ultimately, the choice between Fidelity and Webull will depend on the trader's specific needs and which tools they prioritize in their day trading activities.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | Yes | No |
| Direct Market Routing - Equities | Yes | No |
| Level 2 Quotes - Stocks | Yes | Yes |
| Trade Ideas - Backtesting | Yes | No |
| Trade Ideas - Backtesting Adv | No | No |
| Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms of 2025 for Beginners and Active Traders
Fidelity and Webull both provide market research capabilities, but Fidelity emerges as the superior choice for investors seeking a comprehensive array of tools and insights. With top-tier features such as downloadable PDF research reports, a variety of screeners, and the ability to evaluate portfolio allocation by asset class, Fidelity's commitment to thorough analysis is evident. In contrast, Webull, while offering valuable services like stock screeners and social media sentiment data, lacks depth in certain areas, particularly around ETFs, mutual funds, and bonds. Overall, Fidelity's rich offering earns it a five-star rating, while Webull scores a 2.5-star rating in market research capabilities according to StockBrokers.com.
Fidelity stands out with its impressive research capabilities, offering stock, ETF, and mutual fund research. Investors have access to seven downloadable PDF research reports for stocks and additional reports for ETFs. Moreover, Fidelity provides in-depth resources like ESG research, social media sentiment analysis, and insights into portfolio allocation by asset class. The platform also includes screeners for stocks, ETFs, mutual funds, and bonds, catering to a wide range of investment strategies and interests.
Webull offers stock research and social media sentiment analysis, and like Fidelity, includes a stock screener. However, it falls short in several areas. It lacks downloadable PDF research reports and does not support comprehensive research for mutual funds and bonds. Furthermore, it doesn't offer ESG research or portfolio allocation insights by asset class. These limitations contribute to Webull’s lower market research rating and ranking compared to Fidelity. While Webull is a sound platform for certain investors, those seeking a more detailed and diverse research experience might find Fidelity to be the more advantageous choice.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Research - Stocks | Yes | Yes |
| Screener - Stocks | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Screener - ETFs | Yes | No |
| Research - Mutual Funds | Yes | No |
| Screener - Mutual Funds | Yes | No |
| Research - Fixed Income | Yes | No |
| Screener - Fixed Income | Yes | No |
| Research |
|
|
When comparing the banking features of Fidelity and Webull, you'll find some differences in what each offers. Neither Fidelity nor Webull currently provides checking or savings accounts, but Fidelity stands out by offering a range of additional financial products. Fidelity provides debit and credit cards, allowing for flexible spending options, whereas Webull does not offer these cards. Additionally, Fidelity offers mortgage loans, making it a potential one-stop-shop for banking and investment needs. If you're interested in certificates of deposit (CDs), Fidelity has options available, unlike Webull, which does not offer CDs. Overall, if you're looking for more comprehensive banking services paired with investment capabilities, Fidelity may have a broader selection to meet your needs.
| Feature |
Fidelity
|
Webull
|
|---|---|---|
| Checking Accounts | No | No |
| Savings Accounts | No | No |
| Debit Cards | Yes | No |
| Credit Cards | Yes | No |
| Mortgage Loans | Yes | No |
| Brokerage CDs | Yes | No |
Dive deeper: Best Brokerage Checking Accounts for 2025
After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that Fidelity is better than Webull. Fidelity finished with an overall score of 96.2%, while Webull finished with a score of 81.0%.
Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
Fidelity and Webull both offer crypto trading, but their coin selection differs. Fidelity supports 3 cryptocurrencies, while Webull offers 50, providing a much broader choice for crypto investors.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Fidelity and Webull both offer traditional and Roth IRA accounts with no annual fees or closure fees, providing cost-effective retirement savings options for online investors.
Dive deeper: Best IRA Accounts for 2025
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0 of 5| Overall Rating | Fidelity | Webull | |
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| Review | Fidelity Review | Webull Review |
| Broker Screenshots | Fidelity | Webull | |
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| Trading Fees | Fidelity | Webull | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | $0.00 | N/A | |
| Mutual Fund Trade Fee | Varies | N/A | |
| Options (Per Contract) | $0.65 | $0.00 | |
| Futures (Per Contract) | (Not offered) | $1.25 | |
| Broker Assisted Trade Fee | $32.95 | N/A |
| Margin Rates | Fidelity | Webull | |
|---|---|---|---|
| Margin Rate Under $25,000 | 12.575% | 8.74% | |
| Margin Rate $25,000 to $49,999.99 | 12.075% | 8.74% | |
| Margin Rate $50,000 to $99,999.99 | 11.125% | 8.74% | |
| Margin Rate $100,000 to $249,999.99 | 11.075% | 8.74% | |
| Margin Rate $250,000 to $499,999.99 | 10.825% | 8.74% | |
| Margin Rate $500,000 to $999,999.99 | 8.500% | 8.74% | |
| Margin Rate Above $1,000,000 | 8.250% | 8.74% |
| Account Fees | Fidelity | Webull | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $0.00 | $0.00 | |
| Account Transfer Out (Partial) | $0.00 | $75.00 | |
| Account Transfer Out (Full) | $0.00 | $75.00 | |
| Options Exercise Fee | $0.00 | $0.00 | |
| Options Assignment Fee | $0.00 | $0.00 |
| Investment Options | Fidelity | Webull | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Account Feature - Margin Trading | Yes | Yes | |
| Fractional Shares (Stocks) | Yes | Yes | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 4 | |
| Futures Trading | No | Yes | |
| Forex Trading | Yes | Yes | |
| Crypto Trading | Yes | Yes | |
| Crypto Trading - Total Coins | 3 | 50 | |
| Fixed Income (Treasurys) | Yes | Yes | |
| Fixed Income (Corporate Bonds) | Yes | Yes | |
| Fixed Income (Municipal Bonds) | Yes | No | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | Yes | No | |
| International Countries (Stocks) | 25 | 0 |
| Order Types | Fidelity | Webull | |
|---|---|---|---|
| Order Type - Market | Yes | Yes | |
| Order Type - Limit | Yes | Yes | |
| Order Type - After Hours | Yes | Yes | |
| Order Type - Stop | Yes | Yes | |
| Order Type - Trailing Stop | Yes | Yes | |
| Order Type - OCO | Yes | Yes | |
| Order Type - OTO | Yes | Yes | |
| Order Type - Broker Assisted | Yes | No |
| Beginners | Fidelity | Webull | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | Yes | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | Yes | No | |
| Education (Fixed Income) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Retirement Calculator | Yes | No | |
| Investor Dictionary | Yes | Yes | |
| Paper Trading | No | Yes | |
| Videos | Yes | Yes | |
| Webinars | Yes | Yes | |
| Progress Tracking | Yes | Yes | |
| Interactive Learning - Quizzes | Yes | Yes |
| Stock Trading Apps | Fidelity | Webull | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | Yes | Yes | |
| Trading - Stocks | Yes | Yes | |
| Trading - After-Hours | Yes | Yes | |
| Trading - Simple Options | Yes | Yes | |
| Trading - Complex Options | Yes | Yes | |
| Order Ticket RT Quotes | Yes | Yes | |
| Order Ticket SRT Quotes | Yes | Yes |
| Stock App Features | Fidelity | Webull | |
|---|---|---|---|
| Mobile Research - Market Movers | Yes | Yes | |
| Stream Live TV | Yes | No | |
| Videos on Demand | Yes | No | |
| Stock Alerts | Yes | Yes | |
| Option Chains Viewable | Yes | Yes | |
| Watchlist (Real-time) | Yes | Yes | |
| Watchlist (Streaming) | Yes | Yes | |
| Mobile Watchlists - Create & Manage | Yes | Yes | |
| Mobile Watchlists - Column Customization | Yes | No |
| Stock App Charting | Fidelity | Webull | |
|---|---|---|---|
| Charting - After-Hours | Yes | Yes | |
| Charting - Can Turn Horizontally | Yes | Yes | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 128 | 56 | |
| Charting - Study Customizations | Yes | Yes | |
| Charting - Stock Comparisons | Yes | Yes |
| Trading Platforms | Fidelity | Webull | |
|---|---|---|---|
| Active Trading Platform | Active Trader Pro | N/A | |
| Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Mac) | Yes | Yes | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | No | Yes | |
| Trade Journal | Yes | No | |
| Watchlists - Total Fields | 92 | 35 |
| Stock Chart Features | Fidelity | Webull | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | Yes | |
| Charting - Indicators / Studies | 129 | 52 | |
| Charting - Drawing Tools | 38 | 19 | |
| Charting - Notes | Yes | Yes | |
| Charting - Historical Trades | Yes | Yes | |
| Charting - Corporate Events | Yes | Yes | |
| Charting - Custom Date Range | Yes | No | |
| Charting - Custom Time Bars | Yes | No | |
| Charting - Automated Analysis | Yes | Yes | |
| Charting - Save Profiles | Yes | Yes | |
| Trade Ideas - Technical Analysis | Yes | Yes | |
| Charting - Study Customizations | 5 | 2 | |
| Charting - Custom Studies | No | Yes |
| Day Trading | Fidelity | Webull | |
|---|---|---|---|
| Streaming Time & Sales | Yes | Yes | |
| Streaming TV | Yes | No | |
| Direct Market Routing - Equities | Yes | No | |
| Ladder Trading | No | Yes | |
| Trade Hot Keys | Yes | Yes | |
| Level 2 Quotes - Stocks | Yes | Yes | |
| Trade Ideas - Backtesting | Yes | No | |
| Trade Ideas - Backtesting Adv | No | No | |
| Short Locator | Yes | No | |
| Order Liquidity Rebates | No | No |
| Research Overview | Fidelity | Webull | |
|---|---|---|---|
| Research - Stocks | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Mutual Funds | Yes | No | |
| Research - Pink Sheets / OTCBB | Yes | Yes | |
| Research - Fixed Income | Yes | No | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | Yes | No | |
| Screener - Mutual Funds | Yes | No | |
| Screener - Fixed Income | Yes | No | |
| Portfolio Asset Allocation | Yes | No |
| Stock Research | Fidelity | Webull | |
|---|---|---|---|
| Stock Research - PDF Reports | 7 | 0 | |
| Stock Research - Earnings | Yes | Yes | |
| Stock Research - Insiders | Yes | Yes | |
| Stock Research - Social | Yes | Yes | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | Yes | No | |
| Stock Research - SEC Filings | Yes | Yes |
| ETF Research | Fidelity | Webull | |
|---|---|---|---|
| ETFs - Investment Objective | Yes | Yes | |
| ETF Fund Facts - Inception Date | Yes | Yes | |
| ETF Fund Facts - Expense Ratio | Yes | Yes | |
| ETF Fund Facts - Total Assets | Yes | Yes | |
| ETF Fund Facts - Total Holdings | Yes | Yes | |
| ETFs - Top 10 Holdings | Yes | Yes | |
| ETFs - Sector Exposure | Yes | Yes | |
| ETFs - Risk Analysis | Yes | No | |
| ETFs - Ratings | Yes | Yes | |
| ETFs - Morningstar StyleMap | Yes | No | |
| ETFs - PDF Reports | Yes | No |
| Mutual Fund Research | Fidelity | Webull | |
|---|---|---|---|
| Mutual Funds - Investment Objective | Yes | No | |
| Mutual Funds - Performance Chart | Yes | No | |
| Mutual Funds - Performance Analysis | Yes | No | |
| Mutual Funds - Prospectus | Yes | No | |
| Mutual Funds - 3rd Party Ratings | Yes | No | |
| Mutual Funds - Fees Breakdown | Yes | No | |
| Mutual Funds - Top 10 Holdings | Yes | Yes | |
| Mutual Funds - Asset Allocation | Yes | No | |
| Mutual Funds - Sector Allocation | Yes | No | |
| Mutual Funds - Country Allocation | Yes | No | |
| Mutual Funds - StyleMap | Yes | No |
| Options Trading | Fidelity | Webull | |
|---|---|---|---|
| Option Chains - Total Greeks | 5 | 5 | |
| Option Analysis - P&L Charts | Yes | Yes |
| Banking | Fidelity | Webull | |
|---|---|---|---|
| Bank (Member FDIC) | No | No | |
| Checking Accounts | No | No | |
| Savings Accounts | No | No | |
| Credit Cards | Yes | No | |
| Debit Cards | Yes | No | |
| Mortgage Loans | Yes | No |
| Customer Service | Fidelity | Webull | |
|---|---|---|---|
| Phone Support (Prospective Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | Yes | Yes | |
| Live Chat (Prospective Customers) | Yes | No | |
| Live Chat (Current Customers) | Yes | No | |
| 24/7 Support | Yes | No |
| Overall | Fidelity | Webull | |
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| Winner | check_circle | ||
| Review | Fidelity Review | Webull Review |
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