Written by StockBrokers.com
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 vs TradeStation: Both online brokers offer a wide range of investment options and each earns 4 out of 5 stars for Range of Investments. The key difference is what they add on top of core trading. Webull is the better fit if you want crypto (50 coins), forex, and fractional shares along with stocks, options, futures, OTC stocks, and margin. TradeStation is the better pick if you need mutual funds; it also supports stocks, options, futures, OTC stocks, and margin. Both support Traditional and Roth IRAs, and neither offers advisor services. For Range of Investments, StockBrokers.com ranks TradeStation #6 and Webull #8 out of 14 brokers.
Webull’s investment menu includes stock trading, options trading, futures, OTC stocks, and margin trading. It adds fractional shares for small-dollar investing, plus crypto trading with 50 coins and access to forex. Webull does not offer mutual funds and does not provide advisor services. Traditional and Roth IRA accounts are available.
TradeStation offers stock trading, options trading, futures, OTC stocks, and margin trading. It includes mutual funds, which Webull lacks, but it does not offer fractional shares, crypto trading, or forex. Traditional and Roth IRA accounts are available, and advisor services are not offered.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Stock Trading | Yes | Yes |
| Account Feature - Margin Trading | Yes | Yes |
| Fractional Shares (Stocks) | Yes | No |
| OTC Stocks | Yes | Yes |
| Mutual Funds | No | Yes |
| Options Trading | Yes | Yes |
| Futures Trading | Yes | Yes |
| Crypto Trading | Yes | No |
| Crypto Trading - Total Coins | 50 | 0 |
| Range of Investments |
|
|
Dive deeper: Best Options Trading Platforms for 2026, Best Futures Trading Platforms for 2026
Webull vs. TradeStation: For trading platforms and tools, TradeStation takes the lead for power and flexibility, while Webull suits traders who want something simpler. StockBrokers.com rates Webull 3 stars (ranked #9 of 14) and TradeStation 4 stars (ranked #3 of 14). Both offer Windows and Mac desktop apps plus a browser platform and paper trading, but TradeStation’s deeper charting and watchlist control make it the better pick for active traders who want extensive customization.
Platform access is a tie: Webull and TradeStation both provide downloadable desktop software for Windows and Mac, as well as a web platform. Each supports paper trading, order adjustments directly on charts, notes on charts, historical trade markers, corporate events, automated chart pattern detection, multiple saved chart profiles, and the ability to create custom studies. Neither broker includes a built-in trading journal.
Where they differ is depth. TradeStation packs 341 watchlist columns (vs. Webull’s 35), 294 technical indicators (vs. 52), 45 drawing tools (vs. 19), and 12 editable fields when adjusting a simple moving average study (vs. 2 in Webull). TradeStation also lets you set custom date ranges for charts, which Webull does not. If you want a wide indicator library, more drawing options, granular study controls, and expansive watchlists, TradeStation is the stronger choice; if you prefer a leaner setup that’s easy to learn, Webull gets the job done.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Mac) | Yes | Yes |
| Paper Trading | Yes | Yes |
| Watchlists - Total Fields | 35 | 341 |
| Charting - Indicators / Studies | 52 | 294 |
| Charting - Drawing Tools | 19 | 45 |
| Advanced Trading |
|
|
Dive deeper: Best Stock Brokers for 2026, Best Paper Trading Apps & Platforms for 2026
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Webull vs. TradeStation for investor education: Both brokers offer stock and options lessons, on-demand videos, live webinars, and a paper trading simulator. Webull goes further with ETF and bond education that TradeStation lacks. Webull also includes quizzes and learning progress tracking, which can help beginner investors build skills step by step. Neither broker provides mutual fund education.
Looking at ratings, Webull earns 3 out of 5 stars and ranks #10 of 14 for education on StockBrokers.com, while TradeStation scores 2 out of 5 stars and ranks #14. If you want broader coverage and tools to test your knowledge, Webull is the stronger pick; if you mainly need core lessons plus paper trading, TradeStation can work but offers fewer study aids.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Education (Stocks) | Yes | Yes |
| Education (ETFs) | Yes | No |
| Education (Options) | Yes | Yes |
| Education (Mutual Funds) | No | No |
| Education (Fixed Income) | Yes | No |
| Videos | Yes | Yes |
| Webinars | Yes | Yes |
| Education |
|
|
Dive deeper: Best Stock Trading Platforms for Beginners of 2026
Webull edges out TradeStation for stock trading apps. StockBrokers.com rates Webull 4.5/5 stars (No. 4 of 14) versus TradeStation at 4/5 stars (No. 6). Both brokers cover the basics well, but Webull adds Apple Watch support, landscape charting, more technical studies, and the ability to compare stocks on charts. If you want Apple Watch access and extra chart depth, Webull is the better pick; if customizing watch list columns matters most, TradeStation has that advantage.
Mobile access is strong on both: iPhone and Android apps are available from Webull and TradeStation, and both support mobile options trading, streaming quotes, price alerts, and custom watch lists. Neither app includes streaming live TV or videos on demand. Webull offers mobile after-hours stock trading; the data provided here does not specify whether TradeStation’s mobile app supports after-hours trading. TradeStation does let you customize watch list columns, while Webull does not.
Charting is where Webull pulls ahead for many users. Both apps include after-hours charting and multiple time frames, but Webull supports landscape mode, offers 56 technical studies (versus TradeStation’s 45), and lets you compare multiple stocks on the same chart. TradeStation lacks landscape charting on mobile and does not offer stock comparisons on charts. Overall, choose Webull for more flexible mobile charting and Apple Watch access, and TradeStation if you value customizable watch list columns.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| 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 |
|
|
Dive deeper: Best Stock Trading Apps for 2026
Webull vs. TradeStation fees: If you want to keep costs as low as possible, Webull is the clear winner in this matchup. Both brokers have a $0 minimum to open an account and $0 commissions on stock trades, but Webull generally charges less almost everywhere else. You’ll pay $0 per options contract at Webull (vs. $0.60 at TradeStation), lower margin rates across common balance tiers, no IRA fees, and lower transfer charges.
Trading costs: Stock trades are free at both brokers. Options are cheaper at Webull with $0 per contract, while TradeStation charges $0.60 per contract. Webull also charges $0 for options exercise and assignment; TradeStation lists $14.95 for an exercise and $5.95 for an assignment. For margin, Webull’s rate is 8.74% for balances under $100,000 (including below $25,000 and $25,000–$49,999). TradeStation’s rate is higher: 12.5% below $50,000 and 11.5% from $50,000 to $99,999. Both have a $0 minimum deposit.
Account and transfer fees: Webull has no IRA annual fee and no IRA closure fee, while TradeStation charges $35 annually for IRAs and $50 to close one. For account transfers (ACAT), Webull is $75 for partial or full transfers; TradeStation is $125 for partial or full transfers.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| 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 2026
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
|
TradeStation
|
|---|---|---|
| Streaming Time & Sales | Yes | Yes |
| Streaming TV | No | No |
| Direct Market Routing - Equities | 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 of 2026 for Beginners and Active Traders
Bottom line: Webull edges out TradeStation for market research, earning 3 stars and ranking #8 of 14 on StockBrokers.com, versus TradeStation’s 2.5 stars and #11 rank. Both cover the basics for stock and ETF research, but Webull adds social media sentiment tools, while TradeStation counters with an ETF screener and a helpful portfolio allocation view. Pick Webull if you want sentiment-driven stock insights; choose TradeStation if you value ETF screening and seeing your asset mix at a glance.
Coverage is similar across many areas: both offer research for stocks, ETFs, and OTC stocks (Pink Sheets/OTCBB). Neither supports research for mutual funds or bonds, and neither offers ESG research. If you want downloadable PDF reports, note that both platforms offer none for stocks, ETFs, or mutual funds.
For idea generation, both provide a stock screener. TradeStation goes further with an ETF screener, while Webull does not. Neither offers screeners for mutual funds or bonds. Portfolio tracking differs: Webull does not show allocation by asset class, but TradeStation does—useful if you want a quick breakdown of how your holdings are spread across categories.
| Feature |
Webull
|
TradeStation
|
|---|---|---|
| Research - Stocks | Yes | Yes |
| Screener - Stocks | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Screener - ETFs | No | Yes |
| Research - Mutual Funds | No | No |
| Screener - Mutual Funds | No | No |
| Research - Fixed Income | No | No |
| Screener - Fixed Income | No | No |
| Research |
|
|
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
|
TradeStation
|
|---|---|---|
| Checking Accounts | No | No |
| Savings Accounts | No | No |
| Debit Cards | No | No |
| Credit Cards | No | No |
| Mortgage Loans | No | No |
| Brokerage CDs | No | No |
Dive deeper: Best Brokerage Checking Accounts for 2026
After opening live accounts and testing 14 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 69.9%, while TradeStation finished with a score of 68.4%.
Webull has evolved past its origins as a low-cost disruptor, solidifying its position as a sophisticated hub for active market participants. It offers a great mobile experience and a fantastic paper trading platform that offers a perfect sandbox to test strategies without risking capital. With AI-powered summaries that slice through market noise and industry-leading paper trading tools for testing strategies, Webull presents a compelling choice for traders.
Webull vs TradeStation: Webull offers crypto trading with 50 cryptocurrencies, whereas TradeStation does not offer crypto trading (0 coins).
Dive deeper: Best Online Brokers for Crypto Trading in 2026
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 2026
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0 of 5| Overall Rating | Webull | TradeStation | |
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| Review | Webull Review | TradeStation Review |
| Broker Screenshots | Webull | TradeStation | |
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| Broker Gallery (click to expand) |
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| Trading Fees | Webull | TradeStation | |
|---|---|---|---|
| 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 | 8.74% | 12.5% | |
| Margin Rate $25,000 to $49,999.99 | 8.74% | 12.5% | |
| Margin Rate $50,000 to $99,999.99 | 8.74% | 11.5% | |
| Margin Rate $100,000 to $249,999.99 | 8.74% | 11.5% | |
| Margin Rate $250,000 to $499,999.99 | 8.74% | 12.0% | |
| Margin Rate $500,000 to $999,999.99 | 8.74% | 7.5% | |
| Margin Rate Above $1,000,000 | 8.74% | 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 | |
| Account Feature - Margin Trading | Yes | Yes | |
| Fractional Shares (Stocks) | Yes | No | |
| OTC Stocks | Yes | Yes | |
| Options Trading | Yes | Yes | |
| Complex Options Max Legs | 4 | 4 | |
| Futures Trading | Yes | Yes | |
| Forex Trading | Yes | No | |
| Crypto Trading | Yes | No | |
| Crypto Trading - Total Coins | 50 | 0 | |
| Fixed Income (Treasurys) | Yes | No | |
| Fixed Income (Corporate Bonds) | Yes | No | |
| Fixed Income (Municipal Bonds) | No | No | |
| 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 (Fixed Income) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Retirement Calculator | No | No | |
| Investor Dictionary | Yes | No | |
| Paper Trading | Yes | Yes | |
| Videos | Yes | Yes | |
| Webinars | 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 | |
|---|---|---|---|
| Mobile Research - Market Movers | Yes | Yes | |
| Stream Live TV | No | No | |
| Videos on Demand | No | No | |
| Stock Alerts | Yes | Yes | |
| Option Chains Viewable | Yes | Yes | |
| Watchlist (Real-time) | Yes | Yes | |
| Watchlist (Streaming) | Yes | Yes | |
| Mobile Watchlists - Create & Manage | Yes | Yes | |
| Mobile Watchlists - 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 | Yes | |
| Web Trading Platform | Yes | Yes | |
| Paper Trading | Yes | Yes | |
| Trade Journal | No | No | |
| Watchlists - 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 | 45 | |
| Charting - Notes | 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 | Yes | 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 - Equities | No | Yes | |
| Ladder Trading | Yes | Yes | |
| Trade Hot Keys | 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 - Fixed Income | No | No | |
| Screener - Stocks | Yes | Yes | |
| Screener - ETFs | No | Yes | |
| Screener - Mutual Funds | No | No | |
| Screener - Fixed Income | No | No | |
| Portfolio Asset Allocation | No | Yes |
| Stock Research | Webull | TradeStation | |
|---|---|---|---|
| Stock Research - PDF Reports | 0 | 0 | |
| Stock Research - Earnings | Yes | Yes | |
| 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 - Investment Objective | Yes | No | |
| ETF Fund Facts - Inception Date | Yes | No | |
| ETF Fund Facts - Expense Ratio | Yes | No | |
| ETF Fund Facts - Total 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 - Investment Objective | 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 - Total Greeks | 5 | 5 | |
| Option Analysis - P&L Charts | Yes | 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 (Prospective Customers) | Yes | Yes | |
| Phone Support (Current Customers) | Yes | Yes | |
| Email Support | Yes | Yes | |
| Live Chat (Prospective Customers) | No | Yes | |
| Live Chat (Current Customers) | No | Yes | |
| 24/7 Support | No | No |
| Overall | Webull | TradeStation | |
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| Winner | check_circle | ||
| Review | Webull Review | TradeStation Review |
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