WeBull vs Vanguard


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



Vanguard vs. Webull Introduction


Which brokerage firm has the trading tools you need, Webull or Vanguard? Webull has an excellent desktop program, while Vanguard is known for its investment-advisory services and its large selection of mutual funds.

Here’s a more exhaustive research study on these two brokers:


Cost


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na $0 per contract $0 $0
Vanguard $0 $20 $1.00 per contract $20* $20*

When it comes to commissions, Webull is much better priced than Vanguard. 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
Vanguard


Promotions


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

Vanguard: Open a Vanguard investment account.



Webull Pros and Cons


Traders at Webull enjoy these benefits:

- Very good software
- Simulated trading on all platforms
- Social networking with other Webull customers

But they have to accept these disadvantages:

- Small selection of tradable assets
- Customer service is rather limited


Vanguard Pros and Cons


Vanguard is known for its many strengths, which include:

- Traditional and robo management
- Vanguard-branded mutual funds and ETFs
- Educational materials

But Vanguard clients have to accept these downsides:

- Simple trading tools
- No banking tools anymore
- Per-contract fees on option trades (although large accounts pay nothing)


First Category: Tradable Assets


If you open a brokerage account at Vanguard, you’ll be able to trade these securities:

- Bonds and CDs
- Equities (including the OTC marketplace)
- Option contracts
- Mutual, closed-end, and exchange-traded funds

Webull drops over-the-counter stocks, mutual funds, and fixed-income products but adds cryptocurrencies to the mix. Currently, the broker-dealer offers trading in five currencies: Litecoin, Dogecoin, Ethereum, Bitcoin, and Bitcoin Cash.

Winner: Vanguard


Second Category: Websites


The Vanguard website can be difficult to navigate at times. If you open a Vanguard account, you will need to learn it as the broker doesn’t have a browser platform. A search field in the upper-right corner makes finding things easier.


Vanguard trading


Once you get on a security’s profile, you’ll find Vanguard’s charting software. There is no full-screen mode, but there are multiple graph styles and a few technical studies. Company events also make an appearance, but Vanguard has left out drawing tools. The broker’s order ticket has four order types: market, limit, stop, and stop limit.

Webull’s website is very minimal with just a few tools for account management, like transferring funds. But the broker has a browser platform that is launched from within the site, and we were very impressed with many of its features.

Webull’s order ticket has the same order types that Vanguard’s has plus trailing orders. Moreover, Webull has added bracket orders to its ticket, and these can be turned on or off quite easily.

Charting on Webull’s browser platform can be performed in full-screen mode, another advantage over Vanguard. There are more graph styles available (including Heikin Ashi and Base Line), and we really like right-click trading.

Winner: Webull


Third Category: Desktop Platforms


Traders at Webull who don’t find the browser platform to their liking can download and install the broker’s desktop program. The software does have a lot of similarities to its browser cousin; the primary advantages it has are custom layouts and trade management outside of the web browser.


Webull platform


One of the downsides of the desktop platform is that cryptocurrencies can’t be traded on it. The browser platform, by contrast, does have crypto trading capability.

Vanguard has no desktop platform at all.

Winner: Webull


Fourth Category: Mobile Apps


Somewhat surprisingly, Webull’s mobile app has even better charting than its computer platforms. For example, the mobile app has a replay feature that replays the previous day’s price action with time & sales data displayed next to the graph. It’s possible to adjust the replay speed.


WeBull app


Other great features on Webull’s app include a social networking forum and trading competitions in practice mode.

Advantages that Vanguard has over Webull in this category include:


Vanguard app


- Mobile check deposit
- Ability to trade Vanguard mutual funds

But Vanguard’s app surprisingly doesn’t offer any charting other than simple graphs for market indexes. And its order ticket is more difficult to use and has fewer order types.

Winner: Webull


Fifth Category: Investment Education


In case you need to brush up investment topics, Vanguard has many resources for you. Its YouTube channel boasts over 200 videos that cover a wide swath of financial topics. Examples include:

- Planning for health care costs in retirement
- How to plan the transition to Medicare

Vanguard’s website has many educational articles on investing and personal finance. Just click on News & Perspectives in the top menu to get started. Articles can be filtered by category, such as retirement or financial management. Besides articles, podcasts and videos are also here.

Webull doesn’t quite have the same level of educational resources. It delivers no videos of any kind, and its website has only a FAQ section; although this can be helpful for new traders.

Winner: Vanguard


Sixth Category: Options Trading


If you want to trade derivatives, both Vanguard and Webull have tools for you. Webull’s mobile app and computer platforms have a really nice graphical interface where you can drag a contract to adjust its strike price and switch between buy and sell. Greek values are shown along with maximum gain and loss. The one downside is that only single-leg orders can be entered.

Vanguard also offers only calls and puts. Its software is much simpler than Webull’s without any Greek values.

Winner: Webull


Seventh Category: Margin Borrowing


Margin accounts are available at both brokerage firms in this rivalry. Webull charges between 4% and 7%, depending on the amount borrowed. Vanguard customers pay between 4.75% and 8.50%.

In addition to lower rates, Webull also provides margin details on all its platforms for any entered ticker symbol. These figures include leverage and maintenance requirement.

Winner: Webull


Eighth Category: Miscellaneous Services


Dividend Reinvestment Program: Webull clients don’t get DRIP service, but Vanguard customers do.

IRAs: While both brokerage houses offer Roth and Traditional IRAs, only Vanguard has SEP and SIMPLE plans.

Fractional-share Trading: Not available at either broker.

IPO availability: Webull, but not Vanguard, offers access to Initial Public Offerings. To participate, just tap on the bull’s horns at the bottom of the mobile app, then tap on the More icon, and then select IPO Center.

Extended hours: Webull offers both pre-market and after-hours trading. Vanguard only has an after-hours period.

Automatic Mutual Fund Investing: Vanguard customers can set up recurring deposits into Vanguard-branded mutual funds.

Winner: Vanguard


At Last, Our Recommendations


Beginners: Vanguard is our pick. Its robo service is a great place to start, and newbies can get some practice with self-directed trades as well. Plus, its educational materials are more thorough than Webull’s.

Long-Term Investors and Retirement Savers: With financial-planning services, target-date mutual funds, and an individual 401(k), Vanguard is the easy choice.

Stock/ETF Trading: With a desktop platform, decent charting, and a good order ticket, Webull gets our endorsement.

Small Accounts: Neither company has any on-going fees or balance requirements.



Promotions


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

Vanguard: Open a Vanguard investment account.




Webull vs Vanguard Judgement


Overall, it looks really even. Active traders should definitely choose Webull, while long-term investors should stick with Vanguard.