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Webull vs SpeedTrader 2020

Is SpeedTrader better than Webull? After testing 15 of the best online brokers over five months, Webull (73.21%) is better than SpeedTrader (51.25%). Webull offers a unique community experience and easy to use trading platforms that will satisfy most young investors. However, for everyday investing, Webull lacks the trading tools and features to compete with industry leaders who also offer $0 stock and ETF trades.

Overall Rating

Feature Webull SpeedTrader
Overall 3.5 2.5
Commissions & Fees 4.5 4
Offering of Investments 2 2.5
Platforms & Tools 3 3
Mobile Trading 4 3
Research 2.5 1
Education 2 1
Ease of Use 4 2.5
Banking 0 0.5
Webull Review SpeedTrader Review
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Trading Fees

Feature Webull SpeedTrader
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $0.00 $4.49
ETF Trade Fee $0.00 $4.49
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.00 $0.00
Mutual Fund Trade Fee N/A $50.00
Broker Assisted Trades Fee N/A $30.00

Margin Rates

Feature Webull SpeedTrader
Under $24,999.99 6.99% 6.00%
$25,000.00 to $49,999.99 6.49% 6.00%
$50,000.00 to $99,999.99 6.49% 6.00%
$100,000.00 to $249,999.99 5.99% 6.00%
$250,000.00 to $499,999.99 5.49% 6.00%
$500,000.00 to $999,999.99 4.99% 6.00%
Above $1,000,000.00 4.99% 6.00%

Account Fees

Feature Webull SpeedTrader
IRA Annual Fee N/A N/A
IRA Closure Fee N/A N/A
Returned ACH Fee $30.00 $40.00
Returned Wire Fee $30.00 $40.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $5.00 $10.00
Paper Confirmation Fee $2.00 $4.00
Domestic Wire Fee $8.00 $25.00
International Wire Fee $12.50 $75.00

Investment Options

Feature Webull SpeedTrader
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
No Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Crypto Trading Yes No
Mutual Funds (No Load)
0 0
Mutual Funds (Total)
0 0
Bonds (US Treasury)
No No
Bonds (Corporate)
No No
Bonds (Municipal)
No No
Advisor Services
No No
International Trading
No No

Order Types

Feature Webull SpeedTrader
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
No No
Order Type - MultiContingent
No No
Order Type - OCO
No Yes
Order Type - OTO
No No
Order Type - OTOCO
No No

Trading Platforms

Feature Webull SpeedTrader
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
35 30
Heat Mapping
No No
AI Assistant Bot
No No

Charting Features

Feature Webull SpeedTrader
Charting - Trade Off Chart
No Yes
Charting - Indicators / Studies
44 36
Charting - Drawing Tools
14 9
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
No Yes
Charting - Study Customizations
2 8
Charting - Custom Studies
Yes No

Day Trading

Feature Webull SpeedTrader
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
No Yes
Streaming TV
No No
Direct Market Routing - Stocks
No Yes
Direct Market Routing - Options
No Yes
Ladder Trading
No Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
No Yes
Level 2 Quotes - Options
No Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Order Liquidity Rebates
No No

Mobile Trading Apps

Feature Webull SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
No No
Trading - Option Rolling
No No
Touch / Face ID
Yes No

Mobile App Features

Feature Webull SpeedTrader
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No

Research Overview

Feature Webull SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Fixed Income
No No
Screener - Stocks
Yes No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
Yes No

Stock Research

Feature Webull SpeedTrader
Stock Research - Reports
0 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature Webull SpeedTrader
ETFs - Strategy Overview
No No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No

Mutual Fund Research

Feature Webull SpeedTrader
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No

Options Trading

Feature Webull SpeedTrader
Option Chains - Streaming
No Yes
Option Chains - Total Columns
12 17
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
No No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No No
Option Positions - Grouping
No No

Beginners

Feature Webull SpeedTrader
Education (Stocks)
No Yes
Education (ETFs)
No No
Education (Options)
No No
Education (Mutual Funds)
No No
Education (Fixed Income)
No No
Education (Retirement)
No No
Paper Trading
Yes Yes
Videos
No No
Webinars (Monthly Avg)
0 1
Webinars (Archived)
No Yes
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Banking

Feature Webull SpeedTrader
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No

Overall

Feature Webull SpeedTrader
Overall 3.5 2.5
Commissions & Fees 4.5 4
Offering of Investments 2 2.5
Platforms & Tools 3 3
Mobile Trading 4 3
Research 2.5 1
Education 2 1
Ease of Use 4 2.5
Banking 0 0.5
Webull Review SpeedTrader Review
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare SpeedTrader vs Webull.

Is SpeedTrader or Webull better for beginners?
Webull is better for beginner investors than SpeedTrader. Webull offers investors access to Paper Trading.

What about SpeedTrader vs Webull pricing?
SpeedTrader charges $4.49 per stock trade which is $4.49 more than Webull which charges customers $0 per trade. For options trading, both SpeedTrader and Webull charge the same base fee of $N/A. Option contracts cost $0 each at both brokerages. For a complete commissions summary, see our best discount brokers guide.

Does SpeedTrader or Webull offer a wider range of investment options?
Webull offers a more diverse selection of investment options than SpeedTrader. Webull offers investors access to Stock Trading and Options Trading. Looking at Mutual Funds, both SpeedTrader and Webull provide clients with access to 0 total mutual funds.

Which trading platform is better: SpeedTrader or Webull?
To compare the trading platforms of both SpeedTrader and Webull, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Webull offers a better experience. With research, Webull 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. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at SpeedTrader or Webull .

Overall, between SpeedTrader and Webull, Webull is the better online broker.

SpeedTrader Review
Webull Review

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All pricing data was obtained from a published web site as of 01/20/2020 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.

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