Webull vs. E*TRADE: 2022 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 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
NerdWallet rating 

on Webull's website

Webull is best for

  • Intermediate investors.

  • Active traders.

  • Options traders.

  • Cryptocurrency traders.

Webull at a glance

Account minimum

$0.

Stock trading costs

$0.

Options trades

$0.

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fees; $75 full/partial transfer fee.

Tradable securities

  • Stocks.

  • ETFs.

  • Options.

  • ADRs.

Number of no-transaction-fee mutual funds

Not rated.

Trading platform

Browser-based and downloadable desktop platforms available with advanced charts, indicators, screeners and customization.

Mobile app

Mobile app offers advanced features including charts and indicators, paper trading, price alerts and voice command.

Research and data

News, research and analysis available from several sources including Nasdaq Totalview, Morningstar and Dow Jones.

Customer support options (includes how easy it is to find key details on the website)

24/7 phone, email and chat.

E*TRADE
NerdWallet rating 

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; $25 partial

Number of no-transaction-fee mutual funds

Over 4,700

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 10 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; 29 local and 2 national branches

TD Ameritrade
NerdWallet rating 

on TD Ameritrade's website

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 judgements 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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