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Firstrade vs Webull 2023

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Written by StockBrokers.com

January 23, 2023

Is Firstrade better than Webull? After testing 17 of the best online brokers over three months, Firstrade (87.80%) is better than Webull (85.09%). 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.

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Overall RatingFirstradeWebull
Overall 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Customer Service 3.0/5 Stars 3.0/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Webull Review
Trading FeesFirstradeWebull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTCCB) $0.00 N/A
Mutual Fund Trade Fee $0 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee $19.95 N/A
Margin RatesFirstradeWebull
Margin Rate Under $25,000 11.50% 9.49%
Margin Rate $25,000 to $49,999.99 11.30% 8.99%
Margin Rate $50,000 to $99,999.99 10.80% 8.99%
Margin Rate $100,000 to $249,999.99 10.30% 8.49%
Margin Rate $250,000 to $499,999.99 10.00% 7.99%
Margin Rate $500,000 to $999,999.99 8.10% 6.99%
Margin Rate Above $1,000,000 7.50% 6.49%
Account FeesFirstradeWebull
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) $55.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment OptionsFirstradeWebull
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares No Yes
OTCBB / Pink Sheets Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 38 44
Mutual Funds (No Load) 13777 0
Mutual Funds (Total) 19027 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesFirstradeWebull
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
BeginnersFirstradeWebull
Education (Stocks) Yes Yes
Education (ETFs) No Yes
Education (Options) Yes Yes
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) Yes No
Retirement Calculator Yes No
Investor Dictionary Yes Yes
Paper Trading No Yes
Videos Yes No
Webinars Yes No
Webinars (Archived) Yes No
Progress Tracking No Yes
Interactive Learning - Quizzes No Yes
Stock Trading AppsFirstradeWebull
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No 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 FeaturesFirstradeWebull
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 50 35
Stock App ChartingFirstradeWebull
Charting - After-Hours No Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 81 56
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons No Yes
Trading PlatformsFirstradeWebull
Active Trading Platform Firstrade Navigator N/A
Desktop Trading Platform No Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Paper Trading No Yes
Trade Journal No No
Watch Lists - Total Fields 50 35
Stock Chart FeaturesFirstradeWebull
Charting - Adjust Trades on Chart No Yes
Charting - Indicators / Studies 102 52
Charting - Drawing Tools 8 19
Charting - Notes No Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades No Yes
Charting - Corporate Events Yes Yes
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis No Yes
Charting - Save Profiles No Yes
Trade Ideas - Technical Analysis No No
Charting - Study Customizations 6 2
Charting - Custom Studies No Yes
Day TradingFirstradeWebull
Streaming Time & Sales No Yes
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading No Yes
Trade Hot Keys No Yes
Level 2 Quotes - Stocks No Yes
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewFirstradeWebull
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds Yes No
Screener - Stocks Yes Yes
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock ResearchFirstradeWebull
Stock Research - PDF Reports 1 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social No Yes
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings Yes Yes
ETF ResearchFirstradeWebull
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes Yes
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net Assets Yes Yes
ETF Fund Facts - Total Holdings Yes Yes
ETFs - Top 10 Holdings Yes No
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 ResearchFirstradeWebull
Mutual Funds - Strategy Overview 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 TradingFirstradeWebull
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes Yes
Option Chains - Streaming No No
Option Chains - Total Columns 8 23
Option Chains - Greeks 5 5
Option Chains - Quick Analysis No Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis No Yes
Option Probability Analysis Adv Yes Yes
Option Positions - Greeks No Yes
Option Positions - Greeks Streaming No No
Option Positions - Adv Analysis No No
Option Positions - Rolling Yes No
Option Positions - Grouping No No
BankingFirstradeWebull
Bank (Member FDIC) No No
Checking Accounts Yes No
Savings Accounts No No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceFirstradeWebull
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes No
Live Chat (Current Customers) Yes No
24/7 Support No Yes
OverallFirstradeWebull
Overall 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Webull Review
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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?

Firstrade offers more comprehensive new investor education for beginner investors than Webull. 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).

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, OTCBB / Pink Sheets and Mutual Funds, while Webull offers investors access to Stock Trading, Fractional Shares, Options Trading and OTCBB / Pink Sheets, 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 Webull 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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