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Fidelity vs Webull 2021

Is Fidelity better than Webull? After testing 11 of the best online brokers over three months, Fidelity (99.36%) is better than Webull (65.17%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 32 million customers, Fidelity is a winner for everyday investors.


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Overall Rating

Feature Fidelity Webull
Overall 5 3.5
Commissions & Fees 5 4.5
Offering of Investments 4.5 2.5
Platforms & Tools 4.5 3
Mobile Trading 5 4
Research 5 2.5
Education 5 1.5
Ease of Use 5 5
Fidelity Review Webull Review
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Trading Fees

Feature Fidelity Webull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $49.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trades Fee $32.95 N/A

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% 4.99%

Account Fees

Feature Fidelity Webull
IRA Annual Fee $0.00 N/A
IRA Closure Fee $0.00 N/A
Account Transfer Out (Partial) $0.00 $75.00
Account Transfer Out (Full) $0.00 $75.00
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

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 4
Futures Trading
No No
Forex Trading
No No
Crypto Trading No Yes
Mutual Funds (No Load)
3786 0
Mutual Funds (Total)
9842 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
AI Assistant Bot
Yes No

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

Trading Platforms

Feature Fidelity Webull
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes Yes
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Heat Mapping
Yes No
Watch Lists - Total Fields
91 35

Charting Features

Feature Fidelity Webull
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
129 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
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
5 2
Charting - Custom Studies
No Yes

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 Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes No
Short Locator
Yes No
Order Liquidity Rebates
No No

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
Mobile Trading 5 4

Mobile App Features

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

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 Yes

Stock Research

Feature Fidelity Webull
Stock Research - Reports
11 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 Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No

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

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 Yes
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes Yes
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No

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 Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No

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)
15 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No

Banking

Feature Fidelity Webull
Retail Locations
200 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

Overall

Feature Fidelity Webull
Overall 5 3.5
Commissions & Fees 5 4.5
Offering of Investments 4.5 2.5
Platforms & Tools 4.5 3
Mobile Trading 5 4
Research 5 2.5
Education 5 1.5
Ease of Use 5 5
Fidelity Review Webull Review
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Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 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 charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both Fidelity and Webull. 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, Webull trails Fidelity by 9,842 total mutual funds, with Fidelity offering 9842 and Webull offering 0.

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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while Webull offers none of these.

Overall winner: Fidelity

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All pricing data was obtained from a published web site as of 01/19/2021 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.

1Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal.

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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