Webull vs TradeStation 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 Webull vs TradeStation.
Is Webull or TradeStation better for beginners?
TradeStation offers more comprehensive new investor education for beginner investors than Webull. Webull offers investors access to Paper Trading, Education (Stocks), Education (ETFs) and Education (Options), while TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options). Neither have Education (Mutual Funds), Education (Bonds) and Education (Retirement). See our guide to Best Paper Trading Platforms for more.
What about Webull vs TradeStation pricing?
Webull and TradeStation charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TradeStation, costing $0.60 per contract versus $0.00 per contract at Webull. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Webull or TradeStation offer a wider range of investment options?
Webull offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks, while TradeStation offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Futures Trading. Neither have Forex Trading and Advisor Services. Looking at Mutual Funds, Webull and TradeStation both provide customers access to 0 no transaction fee (NTF) mutual funds.
Which trading platform is better: Webull or TradeStation?
To compare the trading platforms of Webull and TradeStation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation 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. Neither Webull nor TradeStation offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. Neither have Mortgage Loans.
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.
Is TradeStation good?
TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh. TradeStation ranked among Best in Class in the Commissions and Fees and Investment Options categories in our 2023 Annual Review of online stockbrokers.
Webull vs TradeStation Winner
Overall winner: Webull
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