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TradeStation vs Webull 2022

Is TradeStation better than Webull? After testing 15 of the best online brokers over six months, TradeStation (73.22%) is better than Webull (67.68%). As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.

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Overall Rating expand_moreexpand_less TradeStation Webull
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstar_borderstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstarstar_border
Research starstarstar_borderstar_borderstar_border starstarstar_borderstar_borderstar_border
Customer Service starstarstar_borderstar_borderstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstar_borderstar_border starstar_borderstar_borderstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
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Review TradeStation Review Webull Review
Trading Fees expand_moreexpand_less TradeStation Webull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $14.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) $1.50 N/A
Broker Assisted Trade Fee $0.00 N/A
Margin Rates expand_moreexpand_less TradeStation Webull
Margin Rate Under $24,999.99 9.50% 6.99%
Margin Rate $25,000.00 to $49,999.99 9.50% 6.49%
Margin Rate $50,000.00 to $99,999.99 8.75% 6.49%
Margin Rate $100,000.00 to $249,999.99 8.75% 5.99%
Margin Rate $250,000.00 to $499,999.99 8.75% 5.49%
Margin Rate $500,000.00 to $999,999.99 5.50% 4.99%
Margin Rate Above $1,000,000.00 5.50% 4.99%
Account Fees expand_moreexpand_less TradeStation Webull
IRA Annual Fee $35.00 N/A
IRA Closure Fee $50.00 N/A
Account Transfer Out (Partial) $125.00 $75.00
Account Transfer Out (Full) $125.00 $75.00
Options Exercise Fee 14.95 0.00
Options Assignment Fee 5.95 0.00
Investment Options expand_moreexpand_less TradeStation Webull
Stock Trading Yes Yes
Fractional Shares No Yes
OTCBB / Pink Sheets Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading Yes No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 4 11
Mutual Funds (No Load) 887 0
Mutual Funds (Total) 4357 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 0 1
Order Types expand_moreexpand_less TradeStation 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 Yes Yes
Order Type - OCO Yes Yes
Order Type - OTO Yes Yes
Order Type - Broker Assisted Yes No
Beginners expand_moreexpand_less TradeStation Webull
Education (Stocks) Yes No
Education (ETFs) No No
Education (Options) Yes No
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No No
Retirement Calculator No No
Investor Dictionary No No
Paper Trading Yes Yes
Videos Yes No
Webinars (Archived) No No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading Apps expand_moreexpand_less TradeStation Webull
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 expand_moreexpand_less TradeStation Webull
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes 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
Watch Lists - Total Fields 335 35
Stock App Charting expand_moreexpand_less TradeStation Webull
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 45 50
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons No Yes
Trading Platforms expand_moreexpand_less TradeStation Webull
Desktop Trading Platform Yes Yes
Web Trading Platform Yes Yes
Paper Trading Yes Yes
Trade Journal No No
Watch Lists - Total Fields 335 35
Stock Chart Features expand_moreexpand_less TradeStation Webull
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 290 52
Charting - Drawing Tools 23 14
Charting - Notes Yes No
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes Yes
Charting - Corporate Events No Yes
Charting - Custom Date Range Yes No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis No No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 12 2
Charting - Custom Studies Yes Yes
Day Trading expand_moreexpand_less TradeStation Webull
Streaming Time & Sales Yes No
Streaming TV No No
Direct Market Routing - Stocks Yes No
Ladder Trading Yes No
Trade Hot Keys Yes Yes
Level 2 Quotes - Stocks Yes Yes
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv Yes No
Short Locator Yes No
Order Liquidity Rebates Yes No
Research Overview expand_moreexpand_less TradeStation Webull
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks Yes Yes
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation No No
Stock Research expand_moreexpand_less TradeStation 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 expand_moreexpand_less TradeStation 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 No No
ETFs - Ratings No Yes
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund Research expand_moreexpand_less TradeStation 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 Yes
Mutual Funds - Country Allocation No Yes
Mutual Funds - StyleMap No No
Options Trading expand_moreexpand_less TradeStation Webull
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes No
Option Chains - Total Columns 32 21
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 No
Option Positions - Grouping Yes No
Banking expand_moreexpand_less TradeStation 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 expand_moreexpand_less TradeStation Webull
Phone Support (Prospect Customers) No Yes
Phone Support (Current Customers) No Yes
Email Support Yes Yes
Live Chat (Prospect Customers) No No
Live Chat (Current Customers) Yes No
24/7 Support No No
Overall expand_moreexpand_less TradeStation Webull
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstar_borderstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstarstar_border
Research starstarstar_borderstar_borderstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstar_borderstar_border starstar_borderstar_borderstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
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TradeStation vs Webull Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare TradeStation vs Webull.

Is TradeStation or Webull better for beginners?

TradeStation offers more comprehensive new investor education for beginner investors than Webull. TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options), while Webull offers investors access to Paper Trading, neither have Education (ETFs), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about TradeStation vs Webull pricing?

TradeStation and Webull charge the same amount for regular stock trades, $0.00. TradeStation and Webull both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

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

TradeStation offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Webull offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Forex Trading and Advisor Services. Looking at Mutual Funds, TradeStation and Webull both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: TradeStation or Webull?

To compare the trading platforms of TradeStation and Webull, 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 TradeStation 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 TradeStation nor Webull offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans, neither have Mortgage Loans.

Is TradeStation good?

As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.

Is Webull good?

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, like Webull, also offer $0 stock and ETF trades.

TradeStation vs Webull Winner

Overall winner: TradeStation

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