tastytrade vs Webull 2024
In this head to head comparison of tastytrade vs Webull, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In this head to head comparison of tastytrade vs Webull, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When considering the trade-offs between tastytrade and Webull, it's essential to examine their diverse investment offerings to determine which platform aligns best with your financial aspirations. Both platforms support stock trading, margin trading, and options trading, making them quite versatile for investors. They also offer fractional shares trading, enabling investors to diversify their portfolios without significant capital. While both brokers have their strengths, a notable distinction is in cryptocurrency trading, where tastytrade offers access to four coins, whereas Webull does not provide crypto trading options. Consequently, tastytrade might appeal more to those looking for a blend of traditional and crypto investment opportunities.
Tastytrade and Webull each cater to different market niches, but they share a similar breadth in some areas. Both platforms facilitate futures trading, and they support traditional IRA and Roth IRA accounts, offering tax-efficient retirement solutions. However, if your interest lies in trading OTC stocks, Webull is the better option, as tastytrade does not provide this service. It's worth noting that neither platform offers mutual funds or forex trading, nor do they provide dedicated advisor services. Thus, while they offer robust self-directed trading platforms, those seeking comprehensive financial planning tools may need to look elsewhere.
Based on the extensive variety of offerings, both tastytrade and Webull are rated four out of five stars for their investment options. This parity is further reflected in their rankings by StockBrokers.com, where tastytrade is positioned at #11 and Webull follows closely at #12 out of 18 evaluated brokers. This suggests that while both platforms have comprehensive options for self-directed investors, individual preferences and specific investment goals should guide the ultimate selection between these two online brokers.
Feature |
tastytrade
|
Webull
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | Yes |
OTC Stocks | No | Yes |
Mutual Funds | No | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | Yes |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 4 | 0 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When evaluating online trading platforms, both tastytrade and Webull present strong offerings, each excelling in different areas. While both platforms provide downloadable trading options for Windows and Mac, Webull distinguishes itself by offering paper trading—a feature not available with tastytrade. Charting tools are more extensive with tastytrade, which provides 308 technical indicators as opposed to Webull's 52, as well as 31 drawing tools compared to Webull's 19. Additionally, tastytrade offers more customization fields for SMA studies and allows the creation of custom studies, enhancing its appeal to advanced traders. Despite these differences, both platforms receive a commendable rating of 4.5 stars for their trading tools and capabilities.
Both tastytrade and Webull offer a comprehensive suite of features on their platforms, including support for Windows and Mac users, as well as browser-based trading. They provide similar charting features, such as the ability to adjust open orders directly on stock charts, add notes, overlay indexes, and display corporate events. These functionalities make both platforms attractive for traders who require detailed chart analyses. However, Webull excels in offering automated technical analysis and chart pattern recognition, adding extra depth for individuals interested in automated insights. Another highlight for Webull is its 35 fields for watch lists, slightly surpassing tastytrade's 33 fields, providing enhanced tracking capabilities for investors.
Despite the particular strengths of each platform, they both share some areas of improvement. Neither tastytrade nor Webull currently offers a trading journal, a feature that could enhance the analytical capacity for traders looking to evaluate their performance comprehensively. Additionally, both platforms lack the ability to set custom date ranges on charts, a limitation for those looking to analyze trends over specific intervals. However, the overall robust features and tools provided by tastytrade and Webull make them solid choices, demonstrating why they are placed #6 and #8, respectively, for trading platforms and tools by StockBrokers.com, out of 18 brokers surveyed.
Feature |
tastytrade
|
Webull
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | Yes |
Desktop Platform (Mac) | Yes | Yes |
Paper Trading | No | Yes |
Watch Lists - Total Fields | 33 | 35 |
Charting - Indicators / Studies | 308 | 52 |
Charting - Drawing Tools | 31 | 19 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When comparing tastytrade and Webull for their beginner and investor education capabilities, both platforms offer comprehensive educational resources with some differences that cater to varied learning preferences. Tastytrade and Webull both provide education on stocks, ETFs, and options, though neither offers materials on mutual funds or bonds. While Webull excels with paper trading, educational videos, and quizzes, tastytrade focuses heavily on webinars and uniquely allows users to track their learning progress. This makes tastytrade slightly more advantageous for those who value interactive learning through webinars.
Despite Webull's extensive range of learning tools, tastytrade is rated higher for education with 4 out of 5 stars, compared to Webull's 3 stars. According to StockBrokers.com, tastytrade ranks at #8 out of 18 brokers for education, showing a stronger positioning than Webull, which stands at #14. This suggests that while both platforms offer solid educational programs, tastytrade might be better suited for investors seeking a more structured learning pathway with the ability to monitor their educational journey.
Feature |
tastytrade
|
Webull
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | No | Yes |
Videos | No | Yes |
Webinars | Yes | Yes |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When choosing between tastytrade and Webull for their stock trading app capabilities, both platforms offer robust options for mobile trading with apps available for both iPhone and Android devices. However, Webull edges slightly ahead with additional features like an Apple Watch app and stock alerts, tailoring a more comprehensive mobile trading experience. While both apps boast a 4.5-star rating for their stock trading capabilities, Webull is ranked slightly higher at #7 compared to tastytrade's #10 by StockBrokers.com, providing an intuitive interface with more technical features to explore.
Both tastytrade and Webull offer essential features for traders such as after-hours stock trading, mobile options trading, and streaming quotes. While neither platform includes streaming live TV or video on demand, they both allow users to create and customize watch lists, as well as view charts in landscape mode with multiple time frame options. However, Webull further enhances its offerings with 56 technical studies for charting, compared to tastytrade, which provides none.
For traders seeking customizable watch lists, tastytrade may hold an advantage, offering customization of watch list columns, a feature not available with Webull. Conversely, Webull provides more advanced charting features, allowing users to display stock comparisons on charts, which is not supported by tastytrade. Ultimately, the decision between these two apps should consider the user's preference for either more technical charting features with Webull or the enhanced customization options offered by tastytrade for watch lists.
Feature |
tastytrade
|
Webull
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | Yes |
Stock Alerts | No | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 0 | 56 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
When deciding between tastytrade and Webull, it's important to consider not only the absence of a minimum deposit fee but also the costs associated with trading. Both platforms offer commission-free stock trading and free IRA annual fees, making them attractive choices for stock investors. However, when it comes to options trading and margin rates, Webull takes the lead with no charges per options contract and lower margin rates across different balance tiers. Additionally, Webull offers the benefit of zero fees for IRA closures, a cost that tastytrade manages to charge at $60.
Delving into the specifics, both tastytrade and Webull require no minimum deposit to open an account, ensuring easy entry for new investors. For regular stock trades, both platforms stand out by offering commission-free trading. However, a divergence appears in options trading, where Webull charges nothing per contract, while tastytrade applies a $0.50 fee per contract. Furthermore, analyzing the margin rates reveals that Webull consistently offers more competitive rates across all balance categories, making it a more cost-effective choice for margin account holders, especially for balances under $100,000.
For investors concerned about additional fees, both platforms charge $75 for partial and full account transfers (ACAT), keeping things balanced in this aspect. However, while tastytrade imposes a $5 fee for both options exercise and assignment, Webull stands out with zero charges for these fees. These differences could be pivotal for frequent options traders. Overall, while both platforms provide solid commission-free stock trading experiences, Webull's fee structure presents a more attractive offering for options traders and margin account users, along with notable savings on IRA-related costs.
Feature |
tastytrade
|
Webull
|
---|---|---|
Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.00 |
Options Exercise Fee | $5.00 | $0.00 |
Options Assignment Fee | $5.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $60.00 | $0.00 |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2024
When comparing day trading capabilities between tastytrade and Webull, there are distinctive features that cater to different trader preferences. Webull offers streaming time and sales for stocks, which is a significant advantage for traders who value real-time data insights. Additionally, Webull provides trading hotkeys for swift trade entries and level 2 quotes for comprehensive market depth, enabling a more informed trading experience. However, Webull lacks streaming live TV, a feature that tastytrade provides, allowing traders to stay updated with market news and analysis. Both platforms offer ladder trading, supporting a more intuitive order management process.
On the other hand, tastytrade shines with its short locator tool, giving traders the advantage of easily accessing real-time availability of shares available to short. Neither platform supports direct market routing for stocks or strategy backtesting, whether basic or advanced. Although tastytrade also does not offer level 2 quotes or streaming time and sales for stocks, its inclusion of streaming live TV may attract traders interested in staying informed through a continuous news stream. In terms of order liquidity rebates, both tastytrade and Webull do not offer maker/taker rebates, maintaining a straightforward fee structure.
Feature |
tastytrade
|
Webull
|
---|---|---|
Streaming Time & Sales | No | Yes |
Streaming TV | Yes | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | Yes |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2024
When comparing the market research capabilities of tastytrade and Webull, Webull slightly edges out with a higher rating and rank, offering more diverse tools to their users. Webull is rated at three stars for market research, ranking 11th out of 18 brokers, while tastytrade scores 2.5 stars, placing at 13th. This slight advantage is reflected in Webull's emphasis on offering unique tools such as social media sentiment data and the ability to research Pink Sheets/OTCBB stocks, which tastytrade does not provide.
Both tastytrade and Webull offer basic stock and ETFs research. However, neither platform provides mutual funds or bonds research, nor do they offer downloadable PDF research reports for any asset class, including stocks, ETFs, and mutual funds. Despite these limitations, Webull stands out by providing access to stock screeners, a useful tool for generating trade ideas, whereas tastytrade lacks this feature altogether.
One notable advantage of tastytrade is its offering of portfolio allocation analysis by asset class, which could be beneficial for investors keen on understanding their investment spread. Despite this, both platforms do not cater to ESG research needs and do not offer ETF screeners. These areas present growth opportunities for both brokers, as investor demand for such information rises. Overall, while Webull currently has a slight edge in market research tools, both platforms have room for enhancement to cater to a broader investor base.
Feature |
tastytrade
|
Webull
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | No | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
When comparing the banking capabilities of the online brokers tastytrade and Webull, both platforms present similar limitations. Neither tastytrade nor Webull provide traditional banking features such as checking accounts, savings accounts, debit cards, credit cards, mortgage loans, or certificates of deposit (CDs). This alignment highlights that tastytrade and Webull focus primarily on investment services rather than offering full-fledged banking solutions. As a result, investors seeking comprehensive banking features alongside their trading activities might need to consider additional financial institutions to meet their banking needs.
Feature |
tastytrade
|
Webull
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that tastytrade is better than Webull. tastytrade finished with an overall score of 84.9%, while Webull finished with a score of 84.9%.
Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.
When comparing online brokers tastytrade and Webull, tastytrade stands out by offering crypto trading with a selection of 4 coins, while Webull currently does not provide any crypto trading options.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
Both tastytrade and Webull provide traditional and Roth IRA accounts with no annual fees, but tastytrade imposes a $60 fee for closing IRA accounts, whereas Webull does not charge any closure fee.
Dive deeper: Best IRA Accounts for 2024
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0 of 5Overall Rating | tastytrade | Webull | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Webull Review |
Broker Screenshots | tastytrade | 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 | tastytrade | Webull | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | N/A | N/A | |
Options (Per Contract) | $0.50 | $0.00 | |
Futures (Per Contract) | $1.25 | $1.25 | |
Broker Assisted Trade Fee | $0 | N/A |
Margin Rates | tastytrade | Webull | |
---|---|---|---|
Margin Rate Under $25,000 | 11% | 9.24% | |
Margin Rate $25,000 to $49,999.99 | 10.5% | 8.74% | |
Margin Rate $50,000 to $99,999.99 | 10% | 8.24% | |
Margin Rate $100,000 to $249,999.99 | 9.5% | 7.74% | |
Margin Rate $250,000 to $499,999.99 | 9% | 7.74% | |
Margin Rate $500,000 to $999,999.99 | 8.5% | 6.74% | |
Margin Rate Above $1,000,000 | 8% | 6.24% |
Account Fees | tastytrade | Webull | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $60.00 | $0.00 | |
Account Transfer Out (Partial) | $75.00 | $75.00 | |
Account Transfer Out (Full) | $75.00 | $75.00 | |
Options Exercise Fee | $5.00 | $0.00 | |
Options Assignment Fee | $5.00 | $0.00 |
Investment Options | tastytrade | Webull | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | Yes | |
OTC Stocks | No | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | Yes | |
Forex Trading | No | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 4 | 0 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 0 | |
Bonds (US Treasury) | No | No | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | tastytrade | Webull | |
---|---|---|---|
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 | No | Yes | |
Order Type - OCO | Yes | Yes | |
Order Type - OTO | Yes | Yes | |
Order Type - Broker Assisted | Yes | No |
Beginners | tastytrade | Webull | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | Yes | |
Videos | No | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | Yes | Yes | |
Interactive Learning - Quizzes | No | Yes |
Stock Trading Apps | tastytrade | Webull | |
---|---|---|---|
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 Features | tastytrade | Webull | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | No | 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 |
Stock App Charting | tastytrade | Webull | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | Yes | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 56 | |
Charting - Study Customizations | No | Yes | |
Charting - Stock Comparisons | No | Yes |
Trading Platforms | tastytrade | Webull | |
---|---|---|---|
Active Trading Platform | tastytrade | N/A | |
Desktop Trading Platform | Yes | Yes | |
Desktop Platform (Mac) | Yes | Yes | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 33 | 35 |
Stock Chart Features | tastytrade | Webull | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 308 | 52 | |
Charting - Drawing Tools | 31 | 19 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | 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 | Yes | Yes | |
Trade Ideas - Technical Analysis | No | No | |
Charting - Study Customizations | 7 | 2 | |
Charting - Custom Studies | Yes | Yes |
Day Trading | tastytrade | Webull | |
---|---|---|---|
Streaming Time & Sales | No | Yes | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | Yes | |
Trade Hotkeys | No | Yes | |
Level 2 Quotes - Stocks | No | Yes | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | tastytrade | Webull | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | No | Yes | |
Research - Bonds | No | No | |
Screener - Stocks | No | Yes | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | tastytrade | Webull | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | Yes | |
Stock Research - Insiders | No | Yes | |
Stock Research - Social | No | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | Yes |
ETF Research | tastytrade | Webull | |
---|---|---|---|
ETFs - Strategy Overview | No | Yes | |
ETF Fund Facts - Inception Date | No | Yes | |
ETF Fund Facts - Expense Ratio | No | Yes | |
ETF Fund Facts - Net Assets | No | Yes | |
ETF Fund Facts - Total Holdings | No | Yes | |
ETFs - Top 10 Holdings | No | Yes | |
ETFs - Sector Exposure | No | Yes | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | No | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | tastytrade | Webull | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | Yes | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | tastytrade | Webull | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 20 | 23 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
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 - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | Yes | No |
Banking | tastytrade | Webull | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | No | No | |
Mortgage Loans | No | No |
Customer Service | tastytrade | Webull | |
---|---|---|---|
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 | No |
Overall | tastytrade | Webull | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Webull Review |