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Firstrade vs Webull 2024

StockBrokers.com

Written by StockBrokers.com

January 31, 2024

Is Firstrade better than Webull? After testing 18 of the best online brokers, our analysis finds that Firstrade (87.7%) is better than Webull (84.9%). Firstrade scored well for penny stock trading in our 2024 Annual Awards, 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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Compare

0 of 5
Overall Rating Firstrade Webull
Overall 4.5/5 Stars 4/5 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 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Webull Review
Broker Screenshots Firstrade Webull
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Firstrade Webull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 N/A
Mutual Fund Trade Fee $0 N/A
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $19.95 N/A
Margin Rates Firstrade Webull
Margin Rate Under $25,000 13.75% 9.74%
Margin Rate $25,000 to $49,999.99 13.5% 9.24%
Margin Rate $50,000 to $99,999.99 13% 9.24%
Margin Rate $100,000 to $249,999.99 12.5% 8.74%
Margin Rate $250,000 to $499,999.99 12.25% 8.24%
Margin Rate $500,000 to $999,999.99 10.35% 7.24%
Margin Rate Above $1,000,000 9.75% 6.74% info
Account Fees Firstrade Webull
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) info $55.00 $75.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Firstrade Webull
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No Yes
Forex Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 44
Mutual Funds (No Load) info 15460 0
Mutual Funds (Total) info 19666 0
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Firstrade Webull
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes No
Beginners Firstrade Webull
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info No Yes
Videos info Yes No
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps Firstrade Webull
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Firstrade Webull
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Watch Lists - Total Fields info 50 35
Stock App Charting Firstrade Webull
Charting - After-Hours info No Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 81 56
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No Yes
Trading Platforms Firstrade Webull
Active Trading Platform info Firstrade Navigator N/A
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No Yes
Web Trading Platform info Yes Yes
Paper Trading info No Yes
Trade Journal info No No
Watch Lists - Total Fields info 50 35
Stock Chart Features Firstrade Webull
Charting - Adjust Trades on Chart info No Yes
Charting - Indicators / Studies info 102 52
Charting - Drawing Tools info 8 19
Charting - Notes info No Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info No Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No Yes
Charting - Save Profiles info No Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 2
Charting - Custom Studies info No Yes
Day Trading Firstrade Webull
Streaming Time & Sales info No Yes
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No Yes
Trade Hot Keys info No Yes
Level 2 Quotes - Stocks info No Yes
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Firstrade Webull
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No
Stock Research Firstrade Webull
Stock Research - PDF Reports info 1 0
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info No Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes Yes
ETF Research Firstrade Webull
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Firstrade Webull
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Firstrade Webull
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info No No
Option Chains - Total Columns info 8 23
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info No Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info No Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info No Yes
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info No No
Banking Firstrade Webull
Bank (Member FDIC) info No No
Checking Accounts info Yes No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info Yes No
Mortgage Loans info No No
Customer Service Firstrade Webull
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No Yes
Overall Firstrade Webull
Overall 4.5/5 Stars 4/5 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 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. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.

Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare Firstrade vs Webull.

Is Firstrade or Webull better for beginners?

In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.

For 2024, our review finds that Firstrade offers more comprehensive new investor education for beginning 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. Firstrade and Webull both charge (Not offered) per option contract. For a deeper dive, see our best brokers for free stock trading or options trading guides

Does Firstrade or Webull offer a wider range of investment options?

Looking at a full range of investment options, including order types and international trading, our research has found that Firstrade offers a more comprehensive offering than Webull. Firstrade ranks #6 out of 18 brokers for our Investment Options category, while Webull ranks #12.

Firstrade offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks and Mutual Funds, while Webull offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks and Futures Trading. Neither have 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 4206 and Webull offering 0.

Do Firstrade and Webull offer cryptocurrency?

In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that neither Firstrade or Webull offer crypto trading.

Which trading platform is better: Firstrade or Webull?

To compare the day trading platforms of Firstrade and Webull, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, Webull offers a better experience.

Does Firstrade or Webull offer a better stock trading app?

After testing 25 features across the stock trading apps of Firstrade and Webull, we found Firstrade to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. Firstrade ranks #6 out of 18 brokers, while Webull ranks #7.

Firstrade Trading App Gallery

Webull Trading App Gallery

Which broker is better for researching stocks?

For research, Firstrade offers superior market research than Webull. Firstrade ranks #6 and Webull ranks #11.

Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.

How do Firstrade and Webull compare in terms of minimum deposit required?

Firstrade requires a minimum deposit of $0.00, while Webull requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.

Which broker offers better margin rates for accounts under $25,000?

Firstrade charges 13.75% for accounts under $25,000 while Webull charges a margin rate of 9.74%. The industry average of the 18 brokers we track is 9%.

Does Firstrade offer fractional shares? Does Webull?

Firstrade and Webull allow traders to trade fractional shares. Our research has found that 46% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.

Can you trade penny stocks with Firstrade or Webull?

Both Firstrade and Webull allow you to trade penny stocks. Firstrade charges $0.00 per trade while Webull charges N/A. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.

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.

Which broker offers stronger customer service?

StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.

Firstrade was rated 9th out of 13 brokers, with an overall score of 7.43 out of 10.

Webull was rated 13th out of 13 brokers, with an overall score of 4.42 out of 10.

Is Firstrade good?

Firstrade scored well for penny stock trading in our 2024 Annual Awards, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

In the 2024 StockBrokers.com Annual Awards, Firstrade placed among Best in Class for Penny Stock Trading.

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.

In the 2024 StockBrokers.com Annual Review, Webull ranked No. 1 for Paper Trading. It placed among Best in Class for Investor Community.

Firstrade vs Webull Winner

Overall winner: Firstrade

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