Webull vs TradeStation 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.
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.
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 |
|
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | No |
OTC Stocks | Yes | Yes |
Mutual Funds | No | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | Yes |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
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 |
|
|
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | Yes |
Desktop Platform (Mac) | Yes | No |
Paper Trading | Yes | Yes |
Watch Lists - Total Fields | 35 | 341 |
Charting - Indicators / Studies | 52 | 294 |
Charting - Drawing Tools | 19 | 23 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
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 |
|
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | No |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | Yes | Yes |
Videos | Yes | Yes |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
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 |
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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 |
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Dive deeper: Best Stock Trading Apps for 2025
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 |
|
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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 |
|
|
---|---|---|
Streaming Time & Sales | Yes | Yes |
Streaming TV | No | No |
Direct Market Routing - Stocks | 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 for 2025
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 |
|
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
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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 |
|
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
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.
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
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
Select Brokers
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0 of 5Overall Rating | Webull | TradeStation | |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Webull Review | TradeStation Review |
Broker Screenshots | Webull | TradeStation | |
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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 | |
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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 | 9.24% | 13.0% | |
Margin Rate $25,000 to $49,999.99 | 8.74% | 13.0% | |
Margin Rate $50,000 to $99,999.99 | 8.24% | 12.5% | |
Margin Rate $100,000 to $249,999.99 | 7.74% | 12.0% | |
Margin Rate $250,000 to $499,999.99 | 7.74% | 12.0% | |
Margin Rate $500,000 to $999,999.99 | 6.74% | 7.5% | |
Margin Rate Above $1,000,000 | 6.24% | 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 | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | No | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | Yes | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Mutual Funds (No Load) | 0 | 800 | |
Mutual Funds (Total) | 0 | 4000 | |
Bonds (US Treasury) | No | Yes | |
Bonds (Corporate) | No | Yes | |
Bonds (Municipal) | No | Yes | |
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 (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | No | |
Paper Trading | Yes | Yes | |
Videos | Yes | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | 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 | |
---|---|---|---|
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 | 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 | |
Watch Lists - 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 - Index Overlays | 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 | No | 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 - Stocks | No | Yes | |
Ladder Trading | Yes | Yes | |
Trade Hotkeys | 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 - Bonds | No | No | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | No | Yes |
Stock Research | Webull | TradeStation | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | Yes | No | |
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 - Strategy Overview | Yes | No | |
ETF Fund Facts - Inception Date | Yes | No | |
ETF Fund Facts - Expense Ratio | Yes | No | |
ETF Fund Facts - Net 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 - 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 | 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 - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | No | Yes | |
Option Chains - Total Columns | 23 | 29 | |
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 | No | Yes | |
Option Positions - Adv Analysis | No | Yes | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | No | 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 (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | Yes | |
Live Chat (Current Customers) | No | Yes | |
24/7 Support | No | No |
Overall | Webull | TradeStation | |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | Webull Review | TradeStation Review |