Webull vs. E*TRADE: 2024 Comparison

Webull and E*TRADE both shine for easy-to-use trading platforms. Educational resources, mutual funds and crypto access vary. NerdWallet compares the two brokers.
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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's sister app Webull Pay offers access to 8 cryptocurrencies that can be traded for USD.

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
NerdWallet rating 
Learn More

on Webull's website

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 and $0 per contract on equity options. $0.55 per contract on non-equity options such as index options.

Account fees (annual, transfer, closing, inactivity)

None.

Interest rate on uninvested cash

5%.

Tradable securities

  • Stocks.

  • ETFs.

  • Options.

  • ADRs.

  • Crytpo (via Webull Pay).

  • Bonds only available in the form of bond ETFs.

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 phone from 9:00 a.m. Eastern time to 4:15 p.m. Email and in-app help center available 24/7.

E*TRADE
NerdWallet rating 
Learn More

on E*TRADE's website

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

Advertisement
NerdWallet rating 

4.9

/5
NerdWallet rating 

4.3

/5
NerdWallet rating 

5.0

/5

Fees 

$0

per online equity 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 

1 Free Stock

after linking your bank account (stock value range $5.00-$200)

Promotion 

None

no promotion available at this time

Want to compare more brokerages? Here's our full list of the best brokers for stock trading.

Methodology

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

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