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Webull vs TradeStation 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 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 it comes to choosing between Webull and TradeStation for online trading, there are several key factors to consider based on their available investment options. Both platforms allow users to trade stocks, options, and futures, and provide the option for margin trading. Webull shines with its offering of fractional shares, which TradeStation lacks. However, TradeStation compensates with mutual funds, an option not available with Webull. Both platforms are on even footing when it comes to trading OTC stocks and do not support crypto or forex trading. Webull and TradeStation also offer traditional and Roth IRA accounts, making them versatile choices for retirement planning. Both platforms fall short in providing advisor services. Despite these similarities and differences, TradeStation edges slightly ahead in terms of the range of investments, rated at 4.5 stars and ranked 5th out of 15 brokers by StockBrokers.com, while Webull holds 4 stars and the 11th position.

Webull caters to individual investors who prioritize flexibility with fractional shares and access to OTC stocks without delving into mutual funds. It provides a user-friendly interface that caters to those looking to maximize their investments across diverse stocks, options, and futures. Despite not offering mutual funds, users appreciate the simplicity and accessibility of fractional shares on Webull’s platform, along with its suitability for investors starting out or those looking for straightforward, cost-effective trading options.

TradeStation, on the other hand, is a strong contender for more experienced investors seeking a wider range of investment types, including mutual funds. While it lacks the option for fractional share trading, it compensates with stronger investment support, including comprehensive tools for trading stocks, options, futures, and mutual funds. The platform may appeal to investors who are looking for deeper market insights and a broader range of investment opportunities. Furthermore, TradeStation's higher star rating and ranking reflect its broader capabilities in catering to diverse investment strategies for seasoned traders.

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

Both Webull and TradeStation provide impressive trading platforms, but each has unique strengths that cater to different trading styles. TradeStation pulls ahead with a slightly higher 4.5-star rating and a better ranking from StockBrokers.com, securing the third spot out of 15 brokers. Webull, while not as extensively featured, still maintains a solid 4-star rating and a respectable seventh-place ranking. If depth in chart customization and technical analysis tools are key priorities, TradeStation might be the more suitable choice. Meanwhile, Webull presents a versatile and user-friendly experience, particularly as it supports Mac users and those seeking a straightforward trading setup.

When it comes to platform accessibility, Webull impresses with both Windows and Mac desktop downloadable platforms, ensuring broad user access. TradeStation, however, lacks a Mac client, focusing on Windows and browser-based access. Both platforms offer a browser-based option and support for paper trading, offering the flexibility to trade virtually without any risk. Although neither platform offers a trading journal, users can adjust open orders directly on stock charts, add notes and index overlays, and display historical trades and corporate events on charts through both services.

In terms of technical capabilities, TradeStation offers an extensive array of options with 294 technical indicators and 23 drawing tools, compared to Webull's 52 indicators and 19 drawing tools. TradeStation also provides enhanced watch lists with 341 fields, a significant leap over Webull's 35. Features like custom date ranges for charts, automated technical analysis, and creating custom studies are available on both platforms, though TradeStation offers more customization options within these features. Whether you prioritize advanced charting capabilities or a seamless Mac experience, your choice between Webull and TradeStation will ultimately depend on your specific trading needs and personal preferences.

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: Best Online 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, both Webull and TradeStation offer extensive resources, yet they differ in several key areas. Webull excels with stock, ETF, and options education while also providing unique features such as educational quizzes and the ability to track your learning progress. These offerings help learners to consolidate and evaluate their knowledge, especially in options and ETFs, areas where TradeStation doesn't provide educational materials for ETFs. Both platforms offer paper trading, educational videos, and webinars, ensuring that users can practice and absorb information in various formats.

Despite both platforms sharing certain educational features, Webull's more comprehensive learning tools lead to a higher rating of 4 stars for education, compared to TradeStation's 3 stars. This distinction is apparent in rankings provided by StockBrokers.com, where Webull holds the 11th spot out of 15 brokers, surpassing TradeStation, which is ranked 14th. For those beginning their journey in investing, Webull's diverse educational offerings and resources make it a more suitable choice for effective learning.

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

In comparing the stock trading app capabilities of Webull and TradeStation, Webull appears to have a slight edge in some areas. Both platforms receive a solid rating of 4.5 stars for their apps, signifying strong user satisfaction across the board. However, Webull holds a higher rank, positioned at #5 compared to TradeStation’s #8 among 15 brokers as per StockBrokers.com. This suggests that Webull may cater slightly better to the needs of mobile traders, potentially offering features and user experiences that are more in line with trader expectations.

Both Webull and TradeStation provide comprehensive apps for iPhone and Android users, supporting mobile options trading and allowing the creation of custom watch lists. An area where Webull takes the lead is in its support for an Apple Watch app, while TradeStation lacks this capability. Additionally, Webull offers after-hours stock trading and the ability to view charts in landscape mode, both of which are unavailable on TradeStation. Webull also brings more flexibility by offering 56 technical studies for mobile charting, compared to TradeStation’s 45.

While both apps deliver essentials like streaming quotes and stock alerts, Webull goes further by offering the ability to display stock comparisons on charts, a feature absent in TradeStation. On the other hand, TradeStation provides the option to customize watch list columns, a feature not present in Webull's app. Such differences highlight how each platform serves diverse trader preferences, with Webull offering a slightly broader range of mobile app features that might appeal to traders who prioritize detailed charting and multi-device compatibility.

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 comparing Webull and TradeStation for market research capabilities, Webull seems to have a slight edge over TradeStation. Webull ranks higher in market research with a rating of 2.5 out of 5 stars, placing it 9th among 15 brokers, while TradeStation comes in at 2 stars, ranking 11th. If you're deciding between these two platforms for market research, Webull might be the more appealing choice, especially if features like social media sentiment analysis are important to you.

Both Webull and TradeStation offer stock and ETF research but neither supports mutual funds or bonds research. While neither broker provides downloadable PDF reports, Webull distinguishes itself by leveraging social media sentiment data to enhance stock research, a feature TradeStation lacks. However, if portfolio allocation insights are crucial, TradeStation has the upper hand, allowing users to view allocation by asset class, a feature not available in Webull.

For trade ideas, both platforms offer stock screeners but lack options for ETFs, mutual funds, or bonds. Neither offer downloadable PDF resources for any asset class, aligning them as equal in the provision of in-depth, downloadable research reports. Despite these limitations, investors seeking user-friendly social media insights might prefer Webull, while those interested in detailed portfolio insights could lean towards TradeStation.

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 15 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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