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Webull vs TradeStation 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

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
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60

Range of investments

When considering online brokers, Webull and TradeStation both offer unique advantages for investors, but TradeStation slightly edges out with a higher rating for the range of investments offered. Webull is favored for its user-friendly approach and offers many popular investment options such as stock, options, futures, and margin trading, as well as the ability to invest in fractional shares. On the other hand, TradeStation provides a broader range of investment choices, including mutual funds, and receives a higher ranking in range of investments compared to Webull. Understanding these distinctions can help investors make more informed choices depending on their specific trading needs.

Webull and TradeStation both support stock, margin, options, and futures trading, ensuring that they cater to a wide range of investment strategies. Webull allows trading in fractional shares and OTC stocks, which gives investors more flexibility in their portfolios. However, it falls short in offering mutual funds, which are available with TradeStation. Additionally, both platforms do not currently offer crypto or forex trading, aligning their focus on traditional investment avenues.

In terms of retirement accounts, both Webull and TradeStation offer traditional and Roth IRA accounts, catering to those planning for the future. The absence of advisor services on both platforms means investors should be prepared to make independent decisions, relying on their own research and strategy. Ultimately, while Webull is a solid choice for straightforward trading and modern features like fractional shares, TradeStation provides a wider scope of investment options, making it a strong contender for those looking to diversify further.

Feature Webull logoWebull
TradeStation logoTradeStation
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Mutual Funds info No Yes
Options Trading info Yes Yes
Futures Trading info Yes Yes
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Range of Investments 4/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When comparing Webull and TradeStation's trading platforms, Webull is known for its simplicity and solid performance, earning a commendable 4-star rating, while TradeStation stands out with its advanced features, securing a 4.5-star rating. Webull ranks 7th among 16 brokers for trading platforms and tools, while TradeStation holds a stronger position at 3rd, according to StockBrokers.com. This suggests that TradeStation generally offers more comprehensive tools for advanced traders, although both platforms meet essential needs effectively.

Webull provides both Windows and Mac desktop platforms along with a responsive browser-based interface, catering to a wider range of users. Similarly, TradeStation offers a robust Windows desktop platform and browser-based option, though it lacks a Mac-specific application. When it comes to paper trading, both platforms offer this essential feature, allowing users to practice trading strategies risk-free. Neither platform provides a trading journal, leaving users to track trades independently. In terms of customization, Webull boasts 35 watchlist columns, while TradeStation excels with a hefty 341, offering a more detailed view for tracking stocks.

For charting, Webull supplies 52 technical indicators and 19 drawing tools, whereas TradeStation offers a broader selection with 294 technical indicators and 23 drawing tools. Both allow users to add notes, index overlays, historical trades, and display corporate events on charts. Additionally, TradeStation enables custom date range selection and greater customization of studies like SMAs, with 12 fields compared to just 2 in Webull. Both platforms support automated technical analysis and multiple chart profiles, and they welcome user-created custom studies, ensuring flexibility in charting capabilities and the ability to tailor analyses to individual trading styles.

Feature Webull logoWebull
TradeStation logoTradeStation
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes No
Paper Trading info Yes Yes
Watch Lists - Total Fields info 35 341
Charting - Indicators / Studies info 52 294
Charting - Drawing Tools info 19 23
Platforms & Tools 4/5 Stars 4.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When it comes to beginner and investor education, Webull and TradeStation both offer resources, but they cater differently to new investors. Webull provides comprehensive education on stocks, ETFs, and options, while lacking in mutual funds and bonds education. They enhance the learning experience through paper trading, educational videos, webinars, educational quizzes, and progress tracking. These features earn Webull a 4-star rating for education and an 11th place ranking among 16 brokers reviewed by StockBrokers.com.

TradeStation also offers educational materials on stocks and options, with additional support through paper trading, educational videos, and webinars. However, it falls short in ETFs and mutual funds education and lacks features like educational quizzes and progress tracking. Consequently, TradeStation is rated with 3 stars for education and ranks 14th out of 16 brokers on StockBrokers.com. For those who prioritize a more interactive and diverse educational platform, Webull may present a slight advantage over TradeStation.

Feature Webull logoWebull
TradeStation logoTradeStation
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Education 4/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When it comes to stock trading apps, Webull and TradeStation both bring strong options to the table, catering to different user needs and preferences. Webull excels with its compatibility across a range of devices, including the Apple Watch, which TradeStation lacks. It also provides features like mobile after-hours stock trading, the ability to view charts in landscape mode, and stock comparison options directly on charts. While both apps share high ratings of 4.5 stars, Webull's slightly higher ranking of #5 compared to TradeStation's #8 among brokers highlights its edge in terms of app capability and convenience.

Both Webull and TradeStation are equipped with iPhone and Android apps, ensuring users can trade stocks and options on the go. However, Webull's added support for the Apple Watch allows for more versatility in accessing market updates. Both support after-hours trading and provide streaming quotes but neither offers streaming live TV or videos on demand. Yet, they both cater to traders who require immediate alerts and customizable watch lists to keep tabs on market movements, though Webull restricts column customization in watch lists, a feature available on TradeStation.

In terms of charting, Webull pulls ahead with 56 technical studies compared to TradeStation's 45, accommodating the needs of technical traders who rely on diverse analysis tools. Moreover, the ability to compare stocks on the same chart and access multiple time frames enhances Webull's appeal for visually oriented traders. While both platforms offer after-hours charting, Webull's provision for landscape mode enhances the viewing experience. TradeStation, however, maintains value with customizable watch list columns, catering to traders who prioritize detailed watch list management. Overall, Webull and TradeStation each offer valuable tools tailored for varied trading styles, making them both competent choices for stock trading enthusiasts.

Feature Webull logoWebull
TradeStation logoTradeStation
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 56 45
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing Webull and TradeStation, Webull stands out as the more cost-effective option due to its straightforward fee structure. With no minimum deposit or fees for regular stock trades and options contracts, Webull offers an appealing choice for budget-conscious traders. Additionally, Webull charges considerably lower rates for margin balances and imposes zero fees for IRA accounts' annual maintenance and closures. By contrast, TradeStation, while offering free stock trades and no minimum deposits, charges $0.60 per options contract and has higher margin interest rates alongside an annual IRA fee of $35 and closure fee of $50, in addition to more costly account transfers and fees related to options exercises and assignments.

When it comes to margin trading, Webull provides a better deal than TradeStation. For balances below $25,000, Webull's interest rate is 9.24% compared to TradeStation’s 13.0%. As the margin amounts rise to between $25,000 and $49,999, Webull's interest rate decreases to 8.74%, while TradeStation remains at 13.0%. Further increases in margin amounts, from $50,000 to $99,999, reduce Webull's rate to 8.24%, whereas TradeStation's rate only drops to 12.5%. This cost efficiency makes Webull particularly attractive for those who frequently utilize margin accounts.

Regarding additional account fees, Webull again proves to be more economical. Webull does not charge any fees for IRA accounts and their closures, unlike TradeStation which charges $35 and $50, respectively. Webull's account transfer fees, both partial and full, are set at $75, compared to TradeStation's $125. In terms of options fees, Webull imposes no charges for exercise or assignment, while TradeStation charges $14.95 and $5.95, respectively. These differences in fees underscore Webull's appeal to traders seeking a cost-effective and uncomplicated trading experience.

Feature Webull logoWebull
TradeStation logoTradeStation
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.00 $0.60
Options Exercise Fee info $0.00 $14.95
Options Assignment Fee info $0.00 $5.95
IRA Annual Fee info $0.00 $35.00
IRA Closure Fee info $0.00 $50.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 logoWebull
TradeStation logoTradeStation
Streaming Time & Sales info Yes Yes
Streaming TV info No No
Direct Market Routing - Stocks info No Yes
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info No Yes
Trade Ideas - Backtesting Adv info No Yes
Short Locator info No Yes

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When examining the market research capabilities of Webull and TradeStation, Webull takes a slight lead, receiving a 2.5-star rating compared to TradeStation's 2 stars. According to StockBrokers.com, Webull ranks as the ninth out of sixteen brokers for market research, while TradeStation sits in the eleventh position. This suggests that those seeking a broker with more comprehensive market research tools might lean towards Webull, but both platforms feature various research capabilities beneficial to users, albeit with room for improvement.

Webull and TradeStation both provide essential tools for investors, including stock and ETF research and Pink Sheets/OTCBB exploration. However, neither platform extends research capabilities to mutual funds or bonds. While neither offers downloadable PDF research reports for any assets, Webull stands out by incorporating social media sentiment data in stock research, a feature not available on TradeStation. Both brokers also include a handy stock screener, aiding traders in generating trade ideas, but lack corresponding ETF, mutual fund, or bond screeners.

In terms of unique offerings, TradeStation surpasses Webull by allowing users to see their portfolio allocation by asset class, which can be a valuable asset for those interested in a well-diversified investment strategy. Nonetheless, neither platform offers ESG (Environmental, Social, and Governance) research, which might be a deciding factor for investors focused on sustainable investing. Overall, your choice between Webull and TradeStation may depend on specific preferences, but both provide foundational market research elements for traders.

Feature Webull logoWebull
TradeStation logoTradeStation
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2.5/5 Stars 2/5 Stars

Banking

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 logoWebull
TradeStation logoTradeStation
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No No
Credit Cards info No No
Mortgage Loans info No No
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 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.

FAQs

Can you trade cryptocurrency with Webull or TradeStation?

Webull and TradeStation both currently do not offer crypto trading, with neither platform providing any coins for crypto trades, leaving the count at zero for each.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Webull or TradeStation offer IRAs?

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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Compare

0 of 5
Overall Rating Webull TradeStation
Overall 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 2.5/5 Stars 2/5 Stars
Customer Service 3/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Webull Review TradeStation Review
Broker Screenshots Webull TradeStation
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 Webull TradeStation
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info N/A $0.01 info
Mutual Fund Trade Fee info N/A $14.95
Options (Per Contract) info $0.00 $0.60
Futures (Per Contract) info $1.25 info $1.50
Broker Assisted Trade Fee info N/A $25
Margin Rates Webull TradeStation
Margin Rate Under $25,000 info 9.24% 13.0%
Margin Rate $25,000 to $49,999.99 info 8.74% 13.0%
Margin Rate $50,000 to $99,999.99 info 8.24% 12.5%
Margin Rate $100,000 to $249,999.99 info 7.74% 12.0%
Margin Rate $250,000 to $499,999.99 info 7.74% 12.0%
Margin Rate $500,000 to $999,999.99 info 6.74% 7.5% info
Margin Rate Above $1,000,000 info 6.24% info 7.5% info
Account Fees Webull TradeStation
IRA Annual Fee info $0.00 $35.00
IRA Closure Fee info $0.00 $50.00
Account Transfer Out (Partial) info $75.00 $125.00
Account Transfer Out (Full) info $75.00 $125.00
Options Exercise Fee info $0.00 $14.95
Options Assignment Fee info $0.00 $5.95
Investment Options Webull TradeStation
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
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 0 800
Mutual Funds (Total) info 0 4000
Bonds (US Treasury) info No Yes
Bonds (Corporate) info No Yes
Bonds (Municipal) info No Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Webull TradeStation
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 No Yes
Beginners Webull TradeStation
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No No
Retirement Calculator info No No
Investor Dictionary info Yes No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Webull TradeStation
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
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 Webull TradeStation
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No 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 No Yes
Stock App Charting Webull TradeStation
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 56 45
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes No
Trading Platforms Webull TradeStation
Active Trading Platform info N/A TradeStation 10
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info No No
Watch Lists - Total Fields info 35 341
Stock Chart Features Webull TradeStation
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 52 294
Charting - Drawing Tools info 19 23
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 No Yes
Charting - Custom Time Bars info No Yes
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info No Yes
Charting - Study Customizations info 2 12
Charting - Custom Studies info Yes Yes
Day Trading Webull TradeStation
Streaming Time & Sales info Yes Yes
Streaming TV info No No
Direct Market Routing - Stocks info No Yes
Ladder Trading info Yes Yes
Trade Hotkeys info Yes Yes
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info No Yes
Trade Ideas - Backtesting Adv info No Yes
Short Locator info No Yes
Order Liquidity Rebates info No Yes
Research Overview Webull TradeStation
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No No
Screener - Stocks info Yes Yes
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No Yes
Stock Research Webull TradeStation
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes No
ETF Research Webull TradeStation
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Webull TradeStation
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Webull TradeStation
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info No Yes
Option Chains - Total Columns info 23 29
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 No Yes
Option Positions - Adv Analysis info No Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info No Yes
Banking Webull TradeStation
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info No No
Mortgage Loans info No No
Customer Service Webull TradeStation
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 Yes
Live Chat (Current Customers) info No Yes
24/7 Support info No No
Overall Webull TradeStation
Overall 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 2.5/5 Stars 2/5 Stars
Education 4/5 Stars 3/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Webull Review TradeStation Review
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