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E*TRADE vs Webull 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of E*TRADE vs Webull, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

E*TRADE
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Webull
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Investment options

When it comes to choosing between E*TRADE and Webull for online brokerage services, E*TRADE edges ahead with its comprehensive suite of investment options and superior ranking by StockBrokers.com. E*TRADE receives a 4.5-star rating for its diverse offerings, ranking #4 out of 18 brokers, thanks to its inclusion of mutual funds and advisory services. In contrast, Webull, while highly competitive with a 4-star rating and a #12 ranking, shines in areas like fractional shares trading but lacks mutual funds and advisory services.

E*TRADE and Webull both provide exemplary opportunities for stock, margin, and options trading, as well as access to OTC stocks, which will appeal to active traders. Investors looking for traditional or Roth IRA accounts will find both platforms accommodating. However, those requiring specialized advisor services will find E*TRADE more aligned with their needs, offering professional guidance that Webull does not.

While both brokers do not support forex or cryptocurrency trading, E*TRADE bolsters its offerings with futures trading, giving it an extra edge. Conversely, Webull caters to younger, tech-savvy investors by enabling fractional shares trading — a feature that E*TRADE lacks. This comparison highlights both platforms' capabilities, helping potential investors align their choice with personal financial goals and trading skills.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes Yes
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Investment Options 4.5/5 Stars 4/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

In the dynamic world of online trading, both E*TRADE and Webull stand out as formidable platforms, each earning a commendable 4.5-star rating for their trading tools and features. E*TRADE edges ahead with a #4 ranking from StockBrokers.com, surpassing Webull's #8 position. The standout features of E*TRADE include an extensive array of 121 technical indicators and 37 drawing tools for charting, compared to Webull's 52 technical indicators and 19 drawing tools. Additionally, E*TRADE excels at offering customizability with the ability to set custom date ranges and detailed customization fields for studies, enhancing the analytical capabilities for traders seeking in-depth market insights.

Webull offers the flexibility of a desktop downloadable platform compatible with both Windows and Mac, which E*TRADE does not provide. Both platforms facilitate trading with browser-based platforms and allow paper trading, making them accessible for both new and experienced traders. While watchlist customization is robust on both platforms, E*TRADE offers more fields with 43 columns compared to Webull’s 35, providing a slightly more comprehensive overview of market data. Both platforms support technical analysis with features like chart patterns and historical trades but differ in the ability to create custom chart studies, which Webull enables but E*TRADE does not.

For traders prioritizing charting flexibility and analytical depth, E*TRADE offers superior technical analysis resources. Meanwhile, Webull is more appealing to those who value downloadable platforms and custom study creation for personalized analysis. With E*TRADE and Webull each offering distinct strengths, traders can choose the platform that best aligns with their trading strategies and technological preferences.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Web Trading Platform info Yes Yes
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No Yes
Paper Trading info Yes Yes
Watch Lists - Total Fields info 43 35
Charting - Indicators / Studies info 121 52
Charting - Drawing Tools info 37 19
Platforms & Tools 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

When it comes to investor education, E*TRADE stands out as a comprehensive platform for beginners seeking to understand the financial markets. With educational resources covering stocks, ETFs, options, mutual funds, and bonds, E*TRADE provides a well-rounded foundation for new investors. The availability of paper trading, educational videos, and webinars further enhances the learning experience, although E*TRADE lacks interactive quizzes and a feature to track learning progress. Rated 5 stars for education and ranked #3 out of 18 brokers by StockBrokers.com, E*TRADE distinguishes itself as a leader in investor education.

In contrast, Webull caters to beginners with a more targeted educational offering that includes resources for stocks, ETFs, and options. While it matches E*TRADE in offering paper trading, educational videos, and webinars, Webull offers an engaging experience by incorporating educational quizzes and tracking learning progress, features not available with E*TRADE. Despite the innovative approach to learning, Webull falls short in areas like mutual funds and bonds education. Holding a 3-star education rating and ranking #14 out of 18 brokers by StockBrokers.com, Webull presents a solid choice for beginners, but with room for improvement compared to its competitor, E*TRADE.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When it comes to stock trading app capabilities, E*TRADE and Webull both offer robust platforms for users, yet E*TRADE slightly edges out Webull in overall performance and features. E*TRADE earns a perfect 5-star rating for its stock trading app, securing the #2 spot out of 18 brokers according to StockBrokers.com, while Webull follows with a commendable 4.5-star rating, ranking at #7. Both platforms provide comprehensive functionalities such as iPhone and Android apps, Apple Watch app support, mobile options trading, streaming quotes, and after-hours charting, catering to a wide range of trading needs.

E*TRADE and Webull both cater to mobile traders with applications across iPhone, Android, and Apple Watch, ensuring access to your portfolio anytime. More advanced features, such as mobile after-hours stock trading, are available on E*TRADE; however, Webull's offering in this area requires further confirmation. One key distinction between the platforms lies in streaming live TV, which E*TRADE offers, while Webull does not. Although both apps provide stock alerts and custom watch lists, only E*TRADE allows full customization of watch list columns, providing a more tailored experience for its users.

Charting capabilities also set these platforms apart, as E*TRADE provides 107 technical studies compared to Webull's 56, giving E*TRADE a more comprehensive suite of analysis tools. Both apps offer landscape chart viewing and multiple time frame options, as well as the ability to display stock comparisons on charts. While neither platform offers videos on demand, E*TRADE's extensive charting tools, fully customizable watch lists, and additional streaming content position it as a superior choice for those seeking a feature-rich trading experience on their mobile devices.

Feature E*TRADE logoE*TRADE
Webull logoWebull
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 107 56
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

For investors considering an online broker, both E*TRADE and Webull offer appealing features, but they cater to different needs when it comes to account fees and other charges. With no minimum deposit and commission-free stock trades, both platforms provide easy entry into the market. However, Webull distinguishes itself by offering commission-free options trading, whereas E*TRADE charges $0.65 per options contract. Additionally, Webull generally offers lower margin rates for balances under $100,000, making it an attractive option for margin traders on a tighter budget. Yet, when it comes to IRA or account transfers, E*TRADE proves more economical with free partial ACAT transfer services, compared to Webull's $75 charge.

Both E*TRADE and Webull present attractive options for budget-conscious investors, as neither charges a minimum deposit fee or commissions on regular stock trades. Importantly, while investors using E*TRADE will find themselves paying $0.65 per options contract, those opting for margin accounts will face considerably higher interest rates than those on Webull. In fact, Webull's margin rates start at 9.24% for balances below $25,000 and decrease to 8.24% for balances between $50,000 and $99,999. In contrast, E*TRADE's rates begin at 14.2% for balances under $25,000 and decrease to 13.2% for balances ranging from $50,000 to $99,999.

Examining additional fees reveals more distinctions: neither broker charges annual or closure fees for IRAs, and both offer zero-cost options exercise and assignment fees. However, decentralized brokers differ notably in account transfer fees. E*TRADE permits free partial account transfers but requires a $75 fee for complete transfers, a rate that Webull consistently applies to all ACAT transfers, partial or full. For traders evaluating E*TRADE and Webull, these factors are crucial considerations for determining the best platform suited to their trading strategies and financial goals.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When comparing E*TRADE and Webull for day trading, both platforms offer key features like streaming time and sales for stocks, making them suitable for active traders seeking real-time data. E*TRADE stands out with its streaming live TV offering, providing traders with instant access to market news and analysis, while Webull does not offer this feature. Additionally, E*TRADE provides direct market routing for stocks, a capability that experienced day traders may find beneficial, whereas Webull lacks this feature.

On the other hand, Webull offers ladder trading, an advantage for traders accustomed to this style, while E*TRADE does not. Both platforms support trading hotkeys and provide level 2 quotes, which can enhance a trader's speed and market depth insights. However, neither E*TRADE nor Webull offers basic or advanced strategy backtesting, a short locator tool, or order liquidity rebates, which could be limitations for traders seeking these specific functionalities.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes info Yes
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When comparing E*TRADE and Webull in terms of market research capabilities, E*TRADE stands out with a more comprehensive suite of offerings. E*TRADE provides extensive research tools, including access to stock, ETFs, mutual funds, and bond research. Moreover, E*TRADE users benefit from the ability to view portfolio allocation by asset class, something Webull lacks. E*TRADE also provides a greater number of downloadable research reports and screeners for stocks, ETFs, mutual funds, and bonds, positioning it as a stronger choice for investors looking for in-depth market insights. Rated as 5 stars for market research, E*TRADE ranks third among 18 brokers reviewed by StockBrokers.com, whereas Webull, with a 3-star rating, ranks 11th.

Both E*TRADE and Webull offer stock and ETFs research, catering to investors interested in these asset types. However, E*TRADE significantly surpasses Webull with its inclusion of mutual funds and bonds research, which Webull does not support. Additionally, E*TRADE provides investors with eight downloadable PDF research reports for stocks compared to Webull’s limitation in this area. Webull’s investors receive no such feature for ETFs and mutual funds, making E*TRADE the more equipped platform for detailed downloadable research.

In terms of research tools that integrate current trends, both platforms offer stock research using social media sentiment data. However, neither E*TRADE nor Webull includes ESG (Environmental, Social, and Governance) research in their offerings. Investors looking for advanced trade ideas will find that E*TRADE covers more ground with its stock, ETF, mutual fund, and bond screeners, while Webull is restricted to stock screeners only. This gives E*TRADE an upper hand in providing more diversified trade ideas and research solutions for traders and investors looking to optimize their market strategies.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 3/5 Stars

Banking

When comparing E*TRADE and Webull for their banking capabilities, E*TRADE clearly emerges as the more comprehensive option. E*TRADE offers a full suite of banking services, including checking accounts, savings accounts, debit cards, credit cards, mortgage loans, and certificates of deposit (CDs). In contrast, Webull does not provide these banking services, as it lacks offerings such as checking accounts, savings accounts, debit and credit cards, mortgage loans, and CDs. For users seeking robust banking features integrated with their online brokerage services, E*TRADE stands out as the superior choice.

Feature E*TRADE logoE*TRADE
Webull logoWebull
Checking Accounts info Yes No
Savings Accounts info Yes No
Debit Cards info Yes No
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that E*TRADE is better than Webull. E*TRADE finished with an overall score of 96.6%, while Webull finished with a score of 84.9%.

E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.

FAQs

Can you trade cryptocurrency with E*TRADE or Webull?

When comparing E*TRADE and Webull, neither online broker offers crypto trading, with both platforms providing zero coins for crypto trading enthusiasts.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does E*TRADE or Webull offer IRAs?

Both E*TRADE and Webull provide traditional and Roth IRA accounts with no annual fees, and neither charges a closure fee, making them cost-effective options for investors seeking fee-free retirement savings solutions.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating E*TRADE Webull
Overall 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 3/5 Stars
Customer Service 4.0/5 Stars 3.0/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review E*TRADE Review Webull Review
Broker Screenshots E*TRADE 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 E*TRADE Webull
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info $6.95 info N/A
Mutual Fund Trade Fee $0.00 N/A
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $1.50 $1.25 info
Broker Assisted Trade Fee $25 N/A
Margin Rates E*TRADE Webull
Margin Rate Under $25,000 14.2% info 9.24%
Margin Rate $25,000 to $49,999.99 13.7% 8.74%
Margin Rate $50,000 to $99,999.99 13.2% 8.24%
Margin Rate $100,000 to $249,999.99 12.7% 7.74%
Margin Rate $250,000 to $499,999.99 12.2% 7.74%
Margin Rate $500,000 to $999,999.99 Varies info 6.74%
Margin Rate Above $1,000,000 Varies info 6.24% info
Account Fees E*TRADE Webull
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options E*TRADE Webull
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes Yes
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 6486 0
Mutual Funds (Total) info 7242 0
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types E*TRADE Webull
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes No
Beginners E*TRADE Webull
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps E*TRADE Webull
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features E*TRADE Webull
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info No No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting E*TRADE Webull
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 107 56
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes Yes
Trading Platforms E*TRADE Webull
Active Trading Platform info Power E*TRADE N/A
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No Yes
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info No No
Watch Lists - Total Fields info 43 35
Stock Chart Features E*TRADE Webull
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 121 52
Charting - Drawing Tools info 37 19
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 8 2
Charting - Custom Studies info No Yes
Day Trading E*TRADE Webull
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info No Yes
Trade Hotkeys info Yes Yes
Level 2 Quotes - Stocks info Yes info Yes
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview E*TRADE Webull
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No
Stock Research E*TRADE Webull
Stock Research - PDF Reports info 8 0
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes Yes
ETF Research E*TRADE Webull
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research E*TRADE Webull
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading E*TRADE Webull
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 32 23
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes No
Banking E*TRADE Webull
Bank (Member FDIC) info Yes No
Checking Accounts info Yes No
Savings Accounts info Yes No
Credit Cards info Yes No
Debit Cards info Yes No
Mortgage Loans info Yes No
Customer Service E*TRADE Webull
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes No
24/7 Support info Yes No
Overall E*TRADE Webull
Overall 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 3/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review E*TRADE Review Webull Review
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