Webull vs. E*TRADE: 2023 Comparison
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Webull and E*TRADE both have easy-to-use trading platforms, which is always a plus. But below, we'll compare these two brokers head-to-head in more detail to help you decide which might be best for you.
Webull has a slick website and app, but it's short on educational resources and doesn't offer mutual funds. For that reason, the broker may not be a good fit for beginner investors. But outside of that group, Webull stands out from competitors by offering direct access to over 40 cryptocurrencies; many brokers don't offer direct access to any crypto.
E*TRADE offers access to crypto-related products, but not actual cryptocurrencies. The broker does offer top-notch educational resources and a vast selection of no-transaction-fee mutual funds, making it a strong choice for both newer and and advanced investors alike.
Webull is best for
Intermediate investors.
Active traders.
Options traders.
Webull at a glance
Account minimum | $0. |
Stock trading costs | $0. |
Options trades | $0 per trade, $0.55 per contract. |
Account fees (annual, transfer, closing, inactivity) | None. |
Interest rate on uninvested cash | 5%. |
Tradable securities |
|
Number of no-transaction-fee mutual funds | Not rated. |
Trading platform | Mobile, browser-based and downloadable desktop platforms available with advanced charts, indicators, screeners and customization. Not the most intuitive buy/sell interface, but it's usable. |
Mobile app | Mobile app offers advanced features including charts and indicators, paper trading, price alerts and voice command. |
Research and data | A handful of data providers including Bloomberg and Refinitiv. |
Customer support options (includes how easy it is to find key details on the website) | Customer support available by e-mail and phone from 9:30 a.m. Eastern time to 4:30 p.m. In-app help center available 24/7. |
» Read our full review of Webull
E*TRADE is best for:
Frequent traders.
Beginner investors.
Research and data.
Retirement planning assistance.
E*TRADE at a glance
Account minimum | $0 |
Stock trading costs | $0 |
Options trades | No base commission; $0.65 per contract (volume discount available) |
Account fees (annual, transfer, closing, inactivity) | No annual or inactivity fee. $75 full transfer out fee. |
Interest rate on uninvested cash | 0.01% |
Number of no-transaction-fee mutual funds | More than 4,000 |
Tradable securities | • Stocks • Bonds • Mutual funds • ETFs • Options • Futures |
Trading platform | Two platforms available for free to all customers: • E-Trade Web • Power E-Trade |
Mobile app | Two apps: • E*TRADE mobile • Power E*TRADE Available on iOS and Android. |
Research and data | Free and extensive, with several external providers available at no cost. |
Customer support options (includes how easy it is to find key details on the website) | Phone, email and chat support 24/7; 64 local and 2 national branches |
» Read our full review of E*TRADE
NerdWallet rating 4.9 /5 | NerdWallet rating 5.0 /5 | NerdWallet rating 4.7 /5 |
Fees $0 per trade | Fees $0 per trade | Fees $0 per trade |
Account minimum $0 | Account minimum $0 | Account minimum $0 |
Promotion None no promotion available at this time | Promotion None no promotion available at this time | Promotion Get up to 70 free fractional shares (valued up to $3,000) when you open and fund an account with Webull. |
Want to compare more brokerages? Here's our full list of the best brokers for stock trading.
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