Compare Webull versus Firstrade: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which $0-commission broker app is better in 2025?

Overview of Firstrade and Webull

If your priority is trading with the lowest possible commissions, Webull and Firstrade are excellent choices. Both brokers provide low fees and a range of features that make them attractive options for traders. This article will compare these two brokers to determine which one offers better overall value.

Comparison Table

Range of Offerings

Webull currently provides access to ETFs, options, bonds, futures, cryptocurrencies, and stocks. However, it restricts trading in stocks priced below $1 or with a market capitalization below $10 million. Additionally, Webull offers robo-advisory services.

Firstrade expands on this range by also offering mutual funds but looses futures and cryptocurrencies.

Desktop Trading

Webull's website is simple, offering market news, basic charting, and account management tools. However, trading is conducted through its browser platform, which includes:

• Full-screen charting with various tools
• Advanced trade tickets
• Watchlists
• Simulated trading
• Market data
• A stock screener

Firstrade allows account management and trading directly from its website. Its trade bar, located at the bottom of the browser, facilitates trading in stocks, ETFs, and options. The trade bar is expandable, providing access to additional information and tools.





The expanded trade bar includes multiple order types, expiration options, option chains, a small chart, news articles, and Morningstar ratings. Firstrade's site also supports mutual fund and bond trading, customizable alerts, a real-time watchlist, and Morningstar-powered charting tools.

Firstrade's website impressed us with its account management features, including tax information, electronic document uploads, and the ability to transfer accounts to Firstrade.

Firstrade offers a more robust desktop trading experience compared to Webull.

Mobile Apps

Webull offers a feature-rich mobile app with powerful tools. The charting feature is a highlight, offering ten technical indicators, various graph styles, a horizontal display option, and the ability to compare stocks or indexes. The app also supports extended-hours trading and displays company events.





In contrast, Firstrade’s mobile app does not support simulated trading but includes a solid charting program with about 20 technical studies. However, it does not display company events or allow horizontal rotation of graphs. The app’s order ticket is comparable to Webull’s, offering similar features. Firstrade has an advantage in enabling trading of option contracts.

Promotions

Webull: Webull offers 2% deposit match for any amount!

Firstrade: $250 ACAT rebate and $0 commission trades.

Customer Service

Webull allows customers to reach out via email, and its website and mobile app include a phone number for inquiries. The mobile platform also offers an internal email system. Webull operates a single physical office in New York.

Firstrade provides phone support on weekdays and has an online chat feature on its website, which is particularly useful. The broker has introduced a chatbot named Sammi to answer basic questions. Firstrade also holds a customer service session on Saturdays at its Flushing, New York headquarters.

Investment Education and Research

Both brokers offer helpful investment research tools. Webull provides limited resources on its website, but its mobile app compensates with a variety of features. Users can view information on international indexes, stock profiles with analyst ratings (some stocks feature over 40 ratings), financial reports, and recent news. The app also displays financial statement data in bar chart format.

Firstrade’s mobile app is less resource-intensive, but its website is packed with useful information. Firstrade integrates Morningstar data, providing detailed information usually found on the Morningstar platform. Additionally, Firstrade’s website features an Education Center with articles covering ETFs, options, stocks, mutual funds, and bonds.

When it comes to investment education and research, Webull excels on its mobile platform, while Firstrade stands out for its comprehensive website resources.

Recommendation

For bond or mutual fund traders, Firstrade is the better option due to its wider offerings in these areas.

Mobile traders will find Webull more advantageous, thanks to its feature-rich app with extensive research tools.

For beginners, Webull is a better choice because it offers simulated trading, which Firstrade lacks.

Stock and ETF traders should consider Webull for its advanced trading platform and competitive margin rates.

Firstrade vs Webull Summary

Firstrade and Webull compete closely in several areas. While Firstrade has remained consistent in its offerings, Webull continues to expand rapidly. Use this comparison to decide which broker suits your trading needs best.

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