Firstrade vs Webull Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Firstrade vs Webull.
Is Firstrade or Webull better for beginners?
Webull offers more comprehensive new investor education for beginner investors than Firstrade. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), while Webull offers investors access to Paper Trading, Education (Stocks), Education (ETFs) and Education (Options). Neither have Education (Mutual Funds) and Education (Bonds). See our guide to Best Paper Trading Platforms for more.
What about Firstrade vs Webull pricing?
Firstrade and Webull charge the same amount for regular stock trades, $0.00. Firstrade and Webull both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Firstrade or Webull offer a wider range of investment options?
Firstrade offers investors access to Stock Trading, Options Trading, OTC Stocks and Mutual Funds, while Webull offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks. Neither have Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, Webull trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and Webull offering 0.
Which trading platform is better: Firstrade or Webull?
To compare the trading platforms of Firstrade and Webull, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Webull offers a better experience. With research, Firstrade offers superior market research. Finally, we found Firstrade 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 and Debit Cards are offered by Firstrade while Webull offers none. Neither have Savings Accounts, Credit Cards and Mortgage Loans.
Is Firstrade good?
Firstrade scored well in our 2023 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.
Is Webull good?
Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.
Firstrade vs Webull Winner
Overall winner: Firstrade
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