Webull vs. Fidelity Introduction
Fidelity Investments advertises far more than Webull. Does that mean Fidelity is the better brokerage
firm? Our research has the answer.
Cost
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
|
Webull
|
$0
|
na
|
$0 per contract
|
$0
|
$0
|
|
Fidelity
|
$0
|
$49.95
|
$0.65 per contract
|
$0
|
$0
|
On commissions, Webull comes in cheaper than Fidelity in a few categories. It also
posts significantly lower margin rates, which matters a lot if you plan to borrow against your account.
Promotions
Webull:
3.5% match on contributions and $20 stock bonus with $500 deposit at Webull.
Fidelity: Currently, no promotions.
Available Products
Fidelity traders can buy and sell the following investments 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 stocks but gain futures.
Fidelity and Webull also offer advisory accounts. Fidelity has several choices, including robo and full-service options. The automated program starts at 0.00% and uses Fidelity Flex mutual funds, which have no expense ratios.
Webull offers two account formats: individual taxable accounts and IRAs. Fidelity offers these two plus many more, including estate accounts, trusts, and solo 401k plans.
Winner: Fidelity
Websites
Fidelity’s website includes tools for both account management and trading (cryptocurrencies must be traded on its mobile app). For account management, we found a virtual help bot that can answer most questions and handle various tasks.
For trading, Fidelity’s website offers multiple order tickets, including some advanced trade types, such as multi-contingent and OTOCO (one triggers one cancels the other). A Trade Armor ticket can place a bracket order that exits a position at pre-set price points.
There are also tickets for bonds, basket orders, mutual funds, and options. Options trading includes a few built-in strategies, and there is a drop-down menu for routing choices.
Webull’s website does not offer direct-access routing or integrated option spreads. It does include a browser platform, though, which Fidelity does not use. Webull’s main website has only a few account management tools.
Webull’s web-based platform includes multiple order tickets with some of the same order
types we saw at Fidelity, including OCO and bracket orders. It also includes tools we did not
find on Fidelity’s website, such as price ladders and time & sales data.
Paper trading is another feature on Webull’s platform that Fidelity’s software does not have. Advanced order types, like OTO and bracket orders, are not available in the demo version, however.
Winner: Overall, it’s pretty even
Mobile Apps
Trading and account management continue on the brokers’ mobile apps. Fidelity provides market news from Reuters and Bloomberg (the latter in video form) and a large amount of market data. One tool shows orders placed by other Fidelity customers, including the buy/sell ratio for each asset.
Charting can be viewed in full-screen and horizontal modes, with several helpful tools, including:
- Multiple chart styles, such as mountain and OHLC
- Comparisons
- Technical studies
- Linear and logarithmic scales
The Fidelity app has two modes: classic and Beta. Beta must be enabled to trade cryptocurrencies, and it is the simpler of the two.
Webull’s app has one mode, but it includes many strong features. Simulated trading and
social networking with other traders are two standout features that Fidelity’s app does not offer.
Charts on Webull’s app can be rotated horizontally, and there are several helpful tools that improve the charting experience. Items like open orders and trading history can be turned on and off. A dual-chart mode also stacks two charts vertically.
Winner: Another draw
Desktop Software
Both firms have impressed us with their tools so far, and the software gets even more advanced here.
Webull and Fidelity both offer desktop platforms with many high-level features.
Webull’s desktop platform works on Windows, Mac, and Linux. In our review, we found the
following features:
- Custom layouts
- Several built-in options strategies
- Simulated trading
- Learning center (to learn the platform)
- Multiple trade tickets with advanced orders
Fidelity’s platform is called Active Trader Pro. It works on Windows and Mac. Like Webull’s desktop platform, it includes many advanced tools that experienced traders will appreciate. In our testing, we found:
- Basket order ticket that can place multiple orders at once
- Conditional order ticket with advanced orders like OTO
- Time & sales data
- Built-in options strategies with profit/loss diagrams
- Level II quotes
- Direct-access routing with a few ECN choices
- Full-screen charts with many tools
ATP does include some research tools, but these often open new pages in the default web browser. ATP also has live streaming business news, which Webull’s platform does not include.
Winner: Fidelity
Margin
Cash accounts are just the start at both firms. Margin trading can be enabled on both websites. Webull does require a $2,000 account balance before the request can be submitted.
Whether margin is enabled or not, Webull’s software shows many details for entered ticker symbols. These include overnight leverage for short positions and day-trading leverage for long positions. Fidelity’s software does not show this information.
Webull also charges less for margin borrowing. Right now, the broker-dealer charges
8.74% to 4.74%. Fidelity’s schedule ranges from 11.825% to 7.825%.
Winner: Webull
Additional Services
Banking Resources: Fidelity offers multiple accounts with strong cash
management features. Although these are technically brokerage accounts, they are built for saving and
spending. Features include round ups, bonuses for using a debit card at participating
retailers, and fee-free ATM withdrawals. Webull now pays an impressive
3.35% APY interest on cash balances–more than almost all banks.
Extended-hours Trading: Pre-market and after-hours sessions are available for stocks and ETFs at both firms. Webull has more hours.
Initial Public Offerings: Both brokerage houses provide access to upcoming IPOs.
DRIP Service: Fidelity and Webull clients can enable dividend reinvesting for stocks and
exchange-traded funds.
Individual Retirement Accounts: Roth and Traditional accounts are available at Webull (the broker limits clients to one IRA each). Fidelity clients can open multiple IRA types, and the company offers several, including SEP, SIMPLE, and Inherited accounts.
Fractional Shares: Both firms allow investing in whole dollars.
Periodic Mutual Fund Investing: Fidelity offers it.
Winner: Webull
Recommendations
ETF/Stock Trading: Both firms are strong choices for active stock and ETF trading. Webull has much lower margin rates.
Small Accounts: Both brokers have removed fees and minimums from accounts of all
types. Webull also
removed most commissions.
Long-Term Investors & Retirement Savers: Only one firm in this comparison offers
managed accounts and financial planning. That firm is Fidelity.
Beginners: A robo-advisor at either firm.
Mutual Fund Trading: Fidelity is the choice.
Promotions
Webull:
3.5% match on contributions and $20 stock bonus with $500 deposit at Webull.
Fidelity: Currently, no promotions.
Fidelity vs Webull: Judgment
No, Fidelity’s heavy marketing does not automatically make it better than Webull. Webull has
excellent tools for stock and options trading, while Fidelity is our pick for advisory
accounts and international trading.
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Updated on 4/22/2026.
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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