WeBull vs Etrade


Etrade or WeBull - which is better in 2021? Compare investing accounts, online trading fees, stock broker extended hours, and differences.



Overview of E*Trade and Webull


E*Trade has some rising competition out of Webull, a new broker with a growing list of tools and services. Can E*Trade fend off this new upstart? Here are the details:


Cost


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na $0 per contract $0 $0
Etrade $0 $19.95 $0.65 per contract $0 $0

When it comes to commissions, Webull is better priced than E*Trade. The firm also offers much lower margin rates, which is important if you'll be borrowing money from your broker.


Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
WeBull
Etrade


Promotions


WeBull: Get 2 FREE stocks valued up to $1,850.

Etrade: Get zero commission on stock and ETF trades.



What Investments Are Available?


E*Trade customers can buy and sell equities (including both penny and over-the-counter stocks), bonds, mutual funds, ETF’s, closed-end funds, options, and futures, including bitcoin futures. The broker’s website also offers an IPO hub.

At Webull, traders gain access to stocks, options, ETF’s, crypto trading, and closed-end funds. The broker-dealer does not offer trading in OTC investments, but it does have an IPO center. Fractional shares of stocks and ETFs are now available on Webull but not on E*Trade.

The victory in the first category is awarded to E*Trade.


What Educational and Research Tools Do the Two Firms Have?


On the E*Trade website, we found a Knowledge center with articles on a variety of topics, such as:

  • What is a dividend?
  • Intro to asset allocation
  • Five retirement investing myths

Stock profiles have many helpful data points, including:

  • Blogger sentiment
  • Price analysis
  • Analyst reports in pdf format
  • Insider trading activity
  • And more

E*Trade offers many more research tools, including an options income backtesting tool, bond and stock screeners, a portfolio analysis tool, and live streaming of Bloomberg TV.

At Webull, traders get a stock screener; although the tool has fewer search variables than E*Trade’s. Stock profiles have lots of information, though, including:

  • News articles
  • Time & sales data
  • Trade recommendations with price targets

As for general investing education, Webull’s website hosts a Help section with articles on topics such as:

  • Can I trade with bracket orders on Webull?
  • What is an IPO?
  • How much leverage does Webull offer me?

Both brokerage firms have YouTube channels. E*Trade has far more videos than Webull.

E*Trade is the outperformer here.


Does Either Broker Offer IRA’s?


An Individual Retirement Account can be opened at either firm. Webull offers Roth and Traditional accounts; and an old employer’s plan can be rolled over into either variety.

At E*Trade, investors have these IRA choices plus several others, including Inherited IRA’s and Minor IRA’s.

Although both brokerage firms charge no on-going fees, E*Trade does have a few $25 fees for various activities, such as withdrawals prior to age 59½.

We’ll take Webull here.


And What About Software?


E*Trade offers several platforms to submit orders. First is the broker’s website, which itself is fairly powerful. The site has full-screen charting and a user-friendly trade ticket. Next is a browser platform called Power E*Trade. It has a much more sophisticated trade ticket plus good charting. And last, but certainly not least, is E*Trade Pro. This is a desktop program with many professional-level features, including Level II data and direct access to market makers.


Etrade or Webull


Webull recently added a login to its site, although it only provides very basic account management tools. For trading, there is one platform that can function either as a browser platform or desktop program. It doesn’t have many of the features that E*Trade’s software offers, such as Level II quotes, direct-access routing, Bloomberg news, and option spreads.


Webull or Etrade


E*Trade definitely.


And Mobile Apps?


E*Trade clients get to use two apps. Collectively, they offer a great deal of trading resources. Highlights include:


E*Trade Mobile


  • Streaming video news
  • Options, futures, and mutual fund trading
  • Mobile check deposit
  • Horizontal charting with tools

The order tickets on both apps offer advanced strategies like trailing and stop-loss orders.

Over at Webull, we found just one app; but it does offer many great features. For example, there is a really nice community forum where traders can connect with each other. Charting is very advanced with several tools. And we really liked the order ticket, which offers bracket trading.


WeBull versus Etrade


We'll take Webull.


Who Is Better for Options Trading?


Option contracts can be traded with either broker. Webull’s computer platform and mobile app both offer chains with call and puts (only). There are no spreads, and it’s not possible to create multi-leg orders.

At E*Trade, investors can trade calls and puts or pre-installed multi-leg strategies. The website, browser platform, desktop program, and mobile app all have pre-installed spreads. Moreover, the website and desktop program deliver profit-loss diagrams. Other option tools available at E*Trade include a screener, probability calculator, and strategy optimizer.

Webull has no per contract fees, while E*Trade charges 65 or 50 cents per contract.

Webull wins here.


Which Broker Has Better ETF Resources?


On E*Trade’s website we found a very good ETF screener. Here is a small sampling of some of the criteria that can be used:

  • Overnight trading
  • Expense ratio
  • Analyst ratings
  • Dividend yield

E*Trade clients get access to All-Star ETF’s. These are investments that are selected by the broker’s licensed security analysts for their return-risk profiles. ETF profiles on E*Trade’s site offer Morningstar ratings and commentary, a fund report, prospectus, option chains with spreads, news articles, and other data points.

Webull doesn’t have a fund screener. It does provide some information, such as news articles, order flow, option chains (calls and puts only), and time & sales information.

E*Trade easily wins this category.


Other Services


Dividend Reinvestment Program: Traders who want to reinvest cash dividends as additional shares of securities should go with E*Trade because Webull doesn’t offer a DRIP program.

Automatic Mutual Fund Investing: E*Trade offers this great service, and it’s a breeze to sign up on the broker’s user-friendly website.

Cash Management: E*Trade, but not Webull, offers several banking tools, including checks and a Visa debit card.

Investment Advice: Once again, E*Trade outdoes its rival, offering several portfolio management packages, in both robo and old-school formats. Webull currently doesn’t offer any managed accounts.

Another defeat for Webull.


Our Recommendations


Beginners: Although Webull’s social networking feature could help some new traders, overall E*Trade seems better to us. It has 24/7 customer support, a website chat tool, and better learning materials.

Mutual Fund Traders: E*Trade is the only choice.

Long-Term Investors and Retirement Savers: Webull has no IRA fees.

Small Accounts: Webull is our pick.

Equity Traders: With a large range of free stock reports and multiple trading platforms, we tend to learn towards E*Trade. But Webull’s platform does offer margin details on every ticker symbol; and lower margin rates so if you plan on trading on margin, Webull would be a good pick.

Options and Crypto: definitely Webull.



Promotions


WeBull: Get 2 FREE stocks valued up to $1,850.

Etrade: Get zero commission on stock and ETF trades.




Webull vs Etrade Judgement


Webull lost to the stalwart E*Trade. Webull, however, took the crucial Cost category. The firm also offers an excellent mobile app and a trading platform. The budget broker is attracting millions new customers with its $0 commissions, and now has more than twice as many clients as E*Trade.