Written by StockBrokers.com
In this head to head comparison of Webull vs TradeStation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
Webull vs. TradeStation: Pick Webull if you want more modern asset types like crypto, forex, and fractional shares; pick TradeStation if mutual fund access and a higher third‑party score matter more. Both brokers cover the core essentials—stock, options, futures, and OTC stock trading—with margin available and both Traditional and Roth IRAs. Neither offers advisor services. According to StockBrokers.com, TradeStation earns 4.5 stars and ranks #5 of 14 for Range of Investments, while Webull earns 4 stars and ranks #11.
Webull supports stock trading, margin, fractional shares, OTC stocks, options, and futures. It also offers crypto trading with 50 coins and includes forex trading—useful for traders who want to branch beyond the stock market. Webull provides Traditional and Roth IRAs, but it does not offer mutual funds or advisor services.
TradeStation supports stock trading, margin, OTC stocks, options, futures, and adds mutual funds—appealing to investors who want fund choices. However, it does not offer fractional shares, crypto trading, or forex. TradeStation also provides Traditional and Roth IRAs and no advisor services, and it holds a stronger third‑party standing for range (4.5 stars, #5 of 14) than Webull.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Account Feature - Margin Trading | Yes | Yes |
| Fractional Shares (Stocks) | Yes | No |
| OTC Stocks | Yes | Yes |
| Mutual Funds | No | Yes |
| Options Trading | Yes | Yes |
| Futures Trading | Yes | Yes |
| Crypto Trading | Yes | No |
| Crypto Trading - Total Coins | 50 | 0 |
| Range of Investments |
|
|
Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
When it comes to choosing between Webull and TradeStation for trading platforms and tools, both options have distinct advantages based on user needs. With a 4-star rating, Webull stands out with its availability of both Windows and Mac desktop downloads, browser-based platform, and comprehensive chart annotation abilities, like adding notes and displaying corporate events. However, for more advanced traders needing intricate watch lists and a wider range of technical indicators and drawing tools, TradeStation leads with a 4.5-star rating, an impressive 341 watchlist fields, and 294 technical indicators, making it the preferred choice for in-depth market analysis.
Webull offers a versatile trading experience through its downloadable platforms for both Windows and Mac users, as well as a user-friendly browser-based option. It provides essential features like paper trading and the ability to adjust orders directly on charts, catering to traders who are in the learning phase or prefer a simple trading environment. Despite this, Webull is limited in certain advanced functionalities, such as custom date range settings for charts and the number of available customization fields for studies.
TradeStation excels with a robust feature set for power users, offering a Windows desktop platform and a sophisticated browser-based experience. Its platform caters to serious traders with a broader range of customization options, like setting custom date ranges, and a massive array of indicators and watchlist fields. While it lacks a Mac desktop application, its enhancements in technical tools outweigh this limitation, providing superior analytical capacities and earning it a higher rank in trading platform reviews.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Mac) | Yes | No |
| Paper Trading | Yes | Yes |
| Watchlists - Total Fields | 35 | 341 |
| Charting - Indicators / Studies | 52 | 294 |
| Charting - Drawing Tools | 19 | 23 |
| Platforms & Tools |
|
|
Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
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Between Webull and TradeStation, Webull offers a wider learning path for beginners and self-directed investors. Webull covers education on stocks, ETFs, options, and bonds (but not mutual funds), while TradeStation focuses on stocks and options and does not cover ETFs, bonds, or mutual funds. Both platforms include paper trading, educational videos, and webinars so you can practice and learn by watching and doing. Webull adds interactive quizzes and lets you track your learning progress, two helpful tools that TradeStation does not provide.
If you care about ratings and third-party rankings, Webull earns 4 out of 5 stars for education and is ranked #10 of 14 brokers by StockBrokers.com. TradeStation earns 3 out of 5 stars and comes in at #13 of 14. For most beginners looking for broader topic coverage and more interactive learning features, Webull will likely feel more complete, while TradeStation suits traders who only need stock and options education with standard video and webinar support.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | No |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | No | No |
| Education (Fixed Income) | Yes | No |
| Paper Trading | Yes | Yes |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When comparing the mobile stock trading apps of Webull and TradeStation, Webull emerges as a slightly more versatile option for users who value a wide array of app capabilities. Both platforms offer iPhone and Android applications, but Webull extends its reach to Apple Watch users, a feature absent in TradeStation. Furthermore, Webull ranks higher for its app capabilities as per StockBrokers.com, coming in at 5th place compared to TradeStation’s 8th, and both receive a commendable 4.5-star user rating for their mobile trading apps.
Webull particularly stands out by providing users with after-hours stock trading and the unique ability to view charts in landscape mode, allowing for better visualization of data. While both brokers support mobile options trading and offer streaming quotes, Webull takes it a step further by offering 56 technical studies compared to TradeStation's 45, and the capability to display stock comparisons on charts. Moreover, Webull supports the viewing of charts across multiple time frames, enhancing user flexibility and depth in technical analysis.
Though both brokers allow for the creation and management of custom watch lists, TradeStation provides more customization options for watch list columns. These subtle differences make Webull a more appealing choice for those who rely heavily on comprehensive charting capabilities and cross-platform accessibility, all while maintaining comparable features like stock alerts and basic chart functionalities. However, those who prefer more tailored list options might find TradeStation's capabilities better suited to their needs.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| iPhone App | Yes | Yes |
| Android App | Yes | Yes |
| Apple Watch App | Yes | No |
| Stock Alerts | Yes | Yes |
| Charting - After-Hours | Yes | Yes |
| Charting - Technical Studies | 56 | 45 |
| Mobile Trading Apps |
|
|
Dive deeper: Best Stock Trading Apps for 2025
Webull vs. TradeStation fees: If you want to keep costs as low as possible, Webull is the clear winner in this matchup. Both brokers have a $0 minimum to open an account and $0 commissions on stock trades, but Webull generally charges less almost everywhere else. You’ll pay $0 per options contract at Webull (vs. $0.60 at TradeStation), lower margin rates across common balance tiers, no IRA fees, and lower transfer charges.
Trading costs: Stock trades are free at both brokers. Options are cheaper at Webull with $0 per contract, while TradeStation charges $0.60 per contract. Webull also charges $0 for options exercise and assignment; TradeStation lists $14.95 for an exercise and $5.95 for an assignment. For margin, Webull’s rate is 8.74% for balances under $100,000 (including below $25,000 and $25,000–$49,999). TradeStation’s rate is higher: 12.5% below $50,000 and 11.5% from $50,000 to $99,999. Both have a $0 minimum deposit.
Account and transfer fees: Webull has no IRA annual fee and no IRA closure fee, while TradeStation charges $35 annually for IRAs and $50 to close one. For account transfers (ACAT), Webull is $75 for partial or full transfers; TradeStation is $125 for partial or full transfers.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trades | $0.00 | $0.00 |
| Options (Per Contract) | $0.00 | $0.60 |
| Options Exercise Fee | $0.00 | $14.95 |
| Options Assignment Fee | $0.00 | $5.95 |
| IRA Annual Fee | $0.00 | $35.00 |
| IRA Closure Fee | $0.00 | $50.00 |
Dive deeper: Best Free Trading Platforms for 2025
When evaluating Webull and TradeStation for day trading, both platforms provide essential tools but cater to different needs. Webull offers streaming time and sales data for stocks, ladder trading, trading hotkeys for quick trade entries, and level 2 quotes, which can be advantageous for active traders looking for simplicity and speed. However, it lacks features like direct market routing and strategy backtesting, which some traders might find limiting. Additionally, Webull doesn't provide a short locator tool or order liquidity rebates, potentially affecting its appeal for traders looking to short sell or benefit from trading fees.
Conversely, TradeStation presents a more comprehensive package for those who demand advanced day trading capabilities. Like Webull, it offers streaming time and sales data, ladder trading, trading hotkeys, and level 2 quotes. Yet, it stands out with direct market routing, basic and advanced strategy backtesting, a short locator tool, and order liquidity rebates. These features make TradeStation a more enticing option for traders who need detailed market access, enhanced analytical tools, and the ability to optimize trading strategies effectively.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | No | No |
| Direct Market Routing - Equities | No | Yes |
| Level 2 Quotes - Stocks | Yes | Yes |
| Trade Ideas - Backtesting | No | Yes |
| Trade Ideas - Backtesting Adv | No | Yes |
| Short Locator | No | Yes |
Dive deeper: Best Day Trading Platforms of 2025 for Beginners and Active Traders
Bottom line: Webull edges out TradeStation for market research. Webull earns 2.5 stars and ranks #9 out of 14 at StockBrokers.com, while TradeStation scores 2 stars and ranks #11. Choose Webull if you want social media sentiment built into stock research and a simple way to explore stocks, ETFs, and OTC/Pink Sheets. Pick TradeStation if seeing your portfolio allocation by asset class and having an ETF screener matter more to you. Both skip mutual fund and bond research, ESG data, and downloadable PDF reports.
On coverage, Webull and TradeStation both offer stock research, ETF research, and Pink Sheets/OTCBB research. Neither broker provides research on mutual funds or bonds. ESG research is not available on either platform, and there are no downloadable PDF research reports for stocks, ETFs, or mutual funds.
Tool-wise, both platforms include a stock screener for trade ideas. TradeStation adds an ETF screener, while Webull does not. Neither offers a mutual fund or bond screener. Webull stands out by showing social media sentiment for stocks, which TradeStation lacks. TradeStation’s unique perk is the ability to view portfolio allocation by asset class; Webull doesn’t offer this.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Research - Stocks | Yes | Yes |
| Screener - Stocks | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Screener - ETFs | No | Yes |
| Research - Mutual Funds | No | No |
| Screener - Mutual Funds | No | No |
| Research - Fixed Income | No | No |
| Screener - Fixed Income | No | No |
| Research |
|
|
When it comes to banking services, both Webull and TradeStation fall short of offering traditional banking products that some investors might find convenient. Neither Webull nor TradeStation provides checking accounts, savings accounts, CDs, debit cards, or credit cards, making them similar in their lack of these standard financial services. Additionally, for those looking into mortgage loans, both platforms also leave their users without options. Investors comparing these two online brokers should note that if they require integrated banking services, they might need to look beyond these platforms to fulfill those needs.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Checking Accounts | No | No |
| Savings Accounts | No | No |
| Debit Cards | No | No |
| Credit Cards | No | No |
| Mortgage Loans | No | No |
| Brokerage CDs | No | No |
Dive deeper: Best Brokerage Checking Accounts for 2025
After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that Webull is better than TradeStation. Webull finished with an overall score of 81.0%, while TradeStation finished with a score of 80.2%.
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.
Webull vs TradeStation: Webull offers crypto trading with 50 cryptocurrencies, whereas TradeStation does not offer crypto trading (0 coins).
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both Webull and TradeStation offer traditional and Roth IRA accounts; however, Webull stands out by offering no annual or closure fees, unlike TradeStation, which charges $35 annually and $50 for account closure.
Dive deeper: Best IRA Accounts for 2025
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| Review | Webull Review | TradeStation Review |
| Broker Screenshots | Webull | TradeStation | |
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| Trading Fees | Webull | TradeStation | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC) | N/A | $0.01 | |
| Mutual Fund Trade Fee | N/A | $14.95 | |
| Options (Per Contract) | $0.00 | $0.60 | |
| Futures (Per Contract) | $1.25 | $1.50 | |
| Broker Assisted Trade Fee | N/A | $25 |
| Margin Rates | Webull | TradeStation | |
|---|---|---|---|
| Margin Rate Under $25,000 | 8.74% | 12.5% | |
| Margin Rate $25,000 to $49,999.99 | 8.74% | 12.5% | |
| Margin Rate $50,000 to $99,999.99 | 8.74% | 11.5% | |
| Margin Rate $100,000 to $249,999.99 | 8.74% | 11.5% | |
| Margin Rate $250,000 to $499,999.99 | 8.74% | 12.0% | |
| Margin Rate $500,000 to $999,999.99 | 8.74% | 7.5% | |
| Margin Rate Above $1,000,000 | 8.74% | 7.5% |
| Account Fees | Webull | TradeStation | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $35.00 | |
| IRA Closure Fee | $0.00 | $50.00 | |
| Account Transfer Out (Partial) | $75.00 | $125.00 | |
| Account Transfer Out (Full) | $75.00 | $125.00 | |
| Options Exercise Fee | $0.00 | $14.95 | |
| Options Assignment Fee | $0.00 | $5.95 |
| Investment Options | Webull | TradeStation | |
|---|---|---|---|
| Stock Trading | Yes | Yes | |
| Account Feature - Margin Trading | Yes | Yes | |
| Fractional Shares (Stocks) | Yes | No | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 4 | |
| Futures Trading | Yes | Yes | |
| Forex Trading | Yes | No | |
| Crypto Trading | Yes | No | |
| Crypto Trading - Total Coins | 50 | 0 | |
| Fixed Income (Treasurys) | Yes | No | |
| Fixed Income (Corporate Bonds) | Yes | No | |
| Fixed Income (Municipal Bonds) | No | No | |
| Traditional IRAs | Yes | Yes | |
| Roth IRAs | Yes | Yes | |
| Advisor Services | No | No | |
| International Countries (Stocks) | 0 | 0 |
| Order Types | Webull | TradeStation | |
|---|---|---|---|
| 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 | No | Yes |
| Beginners | Webull | TradeStation | |
|---|---|---|---|
| Education (Stocks) | Yes | Yes | |
| Education (ETFs) | Yes | No | |
| Education (Options) | Yes | Yes | |
| Education (Mutual Funds) | No | No | |
| Education (Fixed Income) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Retirement Calculator | No | No | |
| Investor Dictionary | Yes | No | |
| Paper Trading | Yes | Yes | |
| Videos | Yes | Yes | |
| Webinars | Yes | Yes | |
| Progress Tracking | Yes | No | |
| Interactive Learning - Quizzes | Yes | No |
| Stock Trading Apps | Webull | TradeStation | |
|---|---|---|---|
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Apple Watch App | Yes | No | |
| 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 | Webull | TradeStation | |
|---|---|---|---|
| Mobile Research - Market Movers | Yes | Yes | |
| Stream Live TV | No | No | |
| Videos on Demand | No | No | |
| Stock Alerts | Yes | Yes | |
| Option Chains Viewable | Yes | Yes | |
| Watchlist (Real-time) | Yes | Yes | |
| Watchlist (Streaming) | Yes | Yes | |
| Mobile Watchlists - Create & Manage | Yes | Yes | |
| Mobile Watchlists - Column Customization | No | Yes |
| Stock App Charting | Webull | TradeStation | |
|---|---|---|---|
| Charting - After-Hours | Yes | Yes | |
| Charting - Can Turn Horizontally | Yes | No | |
| Charting - Multiple Time Frames | Yes | Yes | |
| Charting - Technical Studies | 56 | 45 | |
| Charting - Study Customizations | Yes | Yes | |
| Charting - Stock Comparisons | Yes | No |
| Trading Platforms | Webull | TradeStation | |
|---|---|---|---|
| Active Trading Platform | N/A | TradeStation 10 | |
| Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Mac) | Yes | No | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | Yes | Yes | |
| Trade Journal | No | No | |
| Watchlists - Total Fields | 35 | 341 |
| Stock Chart Features | Webull | TradeStation | |
|---|---|---|---|
| Charting - Adjust Trades on Chart | Yes | Yes | |
| Charting - Indicators / Studies | 52 | 294 | |
| Charting - Drawing Tools | 19 | 23 | |
| Charting - Notes | Yes | Yes | |
| Charting - Historical Trades | Yes | Yes | |
| Charting - Corporate Events | Yes | Yes | |
| Charting - Custom Date Range | No | Yes | |
| Charting - Custom Time Bars | No | Yes | |
| Charting - Automated Analysis | Yes | Yes | |
| Charting - Save Profiles | Yes | Yes | |
| Trade Ideas - Technical Analysis | Yes | Yes | |
| Charting - Study Customizations | 2 | 12 | |
| Charting - Custom Studies | Yes | Yes |
| Day Trading | Webull | TradeStation | |
|---|---|---|---|
| Streaming Time & Sales | Yes | Yes | |
| Streaming TV | No | No | |
| Direct Market Routing - Equities | No | Yes | |
| Ladder Trading | Yes | Yes | |
| Trade Hot Keys | Yes | Yes | |
| Level 2 Quotes - Stocks | Yes | Yes | |
| Trade Ideas - Backtesting | No | Yes | |
| Trade Ideas - Backtesting Adv | No | Yes | |
| Short Locator | No | Yes | |
| Order Liquidity Rebates | No | Yes |
| Research Overview | Webull | TradeStation | |
|---|---|---|---|
| Research - Stocks | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Mutual Funds | No | No | |
| Research - Pink Sheets / OTCBB | Yes | Yes | |
| Research - Fixed Income | No | No | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | No | Yes | |
| Screener - Mutual Funds | No | No | |
| Screener - Fixed Income | No | No | |
| Portfolio Asset Allocation | No | Yes |
| Stock Research | Webull | TradeStation | |
|---|---|---|---|
| Stock Research - PDF Reports | 0 | 0 | |
| Stock Research - Earnings | Yes | Yes | |
| Stock Research - Insiders | Yes | No | |
| Stock Research - Social | Yes | No | |
| Stock Research - News | Yes | Yes | |
| Stock Research - ESG | No | No | |
| Stock Research - SEC Filings | Yes | No |
| ETF Research | Webull | TradeStation | |
|---|---|---|---|
| ETFs - Investment Objective | Yes | No | |
| ETF Fund Facts - Inception Date | Yes | No | |
| ETF Fund Facts - Expense Ratio | Yes | No | |
| ETF Fund Facts - Total Assets | Yes | No | |
| ETF Fund Facts - Total Holdings | Yes | No | |
| ETFs - Top 10 Holdings | Yes | No | |
| ETFs - Sector Exposure | Yes | No | |
| ETFs - Risk Analysis | No | No | |
| ETFs - Ratings | Yes | No | |
| ETFs - Morningstar StyleMap | No | No | |
| ETFs - PDF Reports | No | No |
| Mutual Fund Research | Webull | TradeStation | |
|---|---|---|---|
| Mutual Funds - Investment Objective | 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 | Yes | |
| Mutual Funds - Fees Breakdown | No | No | |
| Mutual Funds - Top 10 Holdings | Yes | No | |
| 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 | Webull | TradeStation | |
|---|---|---|---|
| Option Chains - Total Greeks | 5 | 5 | |
| Option Analysis - P&L Charts | Yes | Yes |
| Banking | Webull | TradeStation | |
|---|---|---|---|
| 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 | Webull | TradeStation | |
|---|---|---|---|
| Phone Support (Prospective Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | Yes | Yes | |
| Live Chat (Prospective Customers) | No | Yes | |
| Live Chat (Current Customers) | No | Yes | |
| 24/7 Support | No | No |
| Overall | Webull | TradeStation | |
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| Winner | check_circle | ||
| Review | Webull Review | TradeStation Review |
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