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Webull vs Fidelity (2025)
Fidelity Investments or Webull: which is better? Compare margin accounts, online trading fees,
stock broker extended hours, and differences.
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Webull vs. Fidelity Introduction
Fidelity Investments advertises a lot more than Webull. Does that mean Fidelity is the better brokerage
firm? Our research reveals the answer.
Cost
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
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Webull
|
$0
|
na
|
$0 per contract
|
$0
|
$0
|
|
Fidelity
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$0
|
$49.95
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$0.65 per contract
|
$0
|
$0
|
Available Products
Fidelity traders can buy and sell the following investment vehicles in self-directed accounts:
- Cryptocurrencies (currently, just 2)
- Options
- Closed End Funds
- Exchange Traded Funds
- Mutual Funds
- Bonds
- Stocks (including foreign stocks)
Webull customers lose mutual funds and foreign equities but gain futures.
Fidelity and Webull also offer investment-advisory accounts. Fidelity's advisory accounts come in a variety of setups, including both robo and full-service options. The automated program begins at 0.00% and trades Fidelity Flex mutual funds, which have no expense ratios.
Webull offers two tax structures for trading: individual taxable accounts and IRAs. Fidelity has these two formats plus a long list of other choices, including estate accounts, trusts, and solo 401k plans.
Winner: Fidelity
Websites
Fidelity’s website has tools for both account management and trading (cryptocurrencies have to be traded on its mobile app). For the former, we found a virtual help bot that can answer most questions and perform various tasks.
For actual trading, the Fidelity website has multiple order tickets, including ones with some really advanced trade types, like multi-contingent and OTOCO (one triggers one cancels the other). A Trade Armor ticket is able to set a bracket order to exit a position at a pre-defined point.
There are other tickets for bonds, basket orders, mutual funds, and options. Derivatives have a few pre-installed strategies, and there is a drop-down menu for routing choices.
Webull’s website doesn’t have direct-access routing or any integrated option spreads. It does have a browser platform, though, which Fidelity doesn’t use. Webull’s website proper has just a few account management tools.
Trading tools on Webull’s web-based platform include multiple order tickets with some of the same order
types we saw at Fidelity—trades like OCO and bracket orders. Then there are additional tools we didn’t
find on the Fidelity site—resources like price ladders and time & sales data.
Paper trading is another feature on Webull’s platform that Fidelity’s software doesn’t have. Advanced order types, like OTO and bracket orders, aren’t included in this demo version, however.
Winner: Overall, it’s pretty even
Mobile Apps
Trading and account management continue on the brokers’ mobile apps. Fidelity delivers market news from Reuters and Bloomberg (the latter in video format) and tons of data points on markets. One tool shows orders by other Fidelity customers with the buy/sell ratio on each asset.
Charting can be accomplished in full-screen and horizontal modes with several useful tools. These include:
- Multiple plot styles, like mountain and OHLC
- Comparisons
- Technical studies
- Linear and logarithmic scales
There are two modes on the Fidelity app: classic and Beta. The latter must be turned on in order to trade cryptocurrencies. Beta is the simpler of the two.
Webull’s app only has one mode, although it does have a lot of great features. Simulated trading and
social networking with other traders are two salient features that Fidelity’s app doesn’t have.
Charts on Webull’s app can be rotated horizontally, and there are some really useful features that bring the graphing experience to a high level. Events like open orders and trading records can be turned on and off. And a dual-charting mode stacks two charts in vertical format.
Winner: Another draw
Desktop Software
Although we have been impressed by both firms’ software thus far, it’s fixing to get even more advanced.
Webull and Fidelity both have desktop programs, and they deliver many high-level features.
Webull’s desktop platform functions on Windows, Mac, and Linux. During our investigation, we found the
following tools:
- Custom layouts
- Several integrated option strategies
- Simulated trading
- Learning center (for learning the platform)
- Multiple trade tickets with advanced orders
Fidelity calls its platform Active Trader Pro. It is compatible with Windows and Mac machines. Like Webull’s platform, it has a lot of sophisticated features that experienced traders will really like. During our test drive of it, we found:
- Basket order ticket that can send multiple orders simultaneously
- Conditional order ticket with advanced orders like OTO
- Time & sales data
- Integrated option strategies with profit-loss diagrams
- Level II quotes
- Direct-access routing with a few ECN choices
- Full-screen charts with lots of tools
Although there are a few research tools on ATP, these usually create new pages in the default web browser. ATP has a link to live streaming of business news, which Webull’s platform lacks.
Winner: Fidelity
Margin
Cash accounts are just the beginning at both firms. It’s possible to upgrade to margin trading on both websites. Webull does require a $2,000 account balance before this request can be submitted.
Whether margin is turned on or off, Webull’s software will display all sorts of details for entered ticker symbols. These data points include overnight leverage for short positions and day-trading leverage for long positions. Fidelity’s software does not display this information.
Webull also has lower prices for margin debits. Right now, the broker-dealer charges
9.74% to 5.74%. Fidelity’s scale ranges from 12.325% to 8.325%.
Winner: Webull
Additional Services
Banking Resources: Fidelity offers multiple accounts that deliver some pretty impressive cash
management tools. Although they are technically brokerage accounts, they are designed for saving and
spending. Available features include round ups, bonuses for using a debit card at participating
retailers, and fee-free ATM withdrawals. Webull now pays an impressive
3.85% APY interest on cash balances–much more than almost all banks.
Extended-hours Trading: Early-morning and after-hours trading sessions are available for ETFs and stocks at both firms. Webull has more hours.
Initial Public Offerings: Both brokerage houses provide trading in primary-market stock offerings.
DRIP Service: Fidelity and Webull clients can turn on dividend reinvesting for stocks and
exchange-traded funds.
Individual Retirement Accounts: Roth and Traditional accounts are available at Webull (the broker does restrict customers to one IRA each). Fidelity customers can open multiple IRA types if they wish, and the brokerage firm does have several types, including SEP, SIMPLE, and Inherited accounts.
Fractional Shares: It’s possible to buy assets at both firms in whole dollars.
Periodic Mutual Fund Investing: Fidelity has it.
Winner: Webull
Recommendations
ETF/Stock Trading: Both firms are excellent choices for active equity trading. Webull has much lower margin rates.
Small Accounts: Both brokerage houses have eliminated fees and minimums from accounts of all
types. Webull also
eliminated all commissions.
Long-Term Investors & Retirement Savers: There is only one investment firm in this survey with
managed accounts and financial planning. That company is Fidelity.
Beginners: A robo-advisor at either firm.
Mutual Fund Trading: Fidelity is it.
Fidelity vs Webull: Judgment
No, Fidelity’s emphasis on marketing does not give it a clear edge over Webull. The latter broker has
excellent tools for equity and options trading, although Fidelity is our choice for advisory
accounts and global trading.
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Updated on 5/16/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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