Compare TD Ameritrade versus WeBull: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which online broker is better in 2019?

Overview of TD Ameritrade and WeBull

TD Ameritrade and Webull are very different brokerage firms, but they do have some similarities in a few areas. Before opening an account, be sure you’re aware of the following important issues:

Broker Cost

Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na na $0 $0
TD Ameritrade $6.95 $49.95 $6.95 + $0.75 per contract $0 $0

Services

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

Promotions

WeBull: Get one FREE stock between $8 and $1000 when you deposit $100+ at WeBull.

TD Ameritrade: Trade free for 60 days + get up to $600.


Available Investments

Webull is a zero-commission broker. One of the consequences is that the company only offers stocks and exchange-traded funds. Over-the-counter securities aren’t available, and anything with a price tag less than $1.00 isn’t tradable, either.

TD Ameritrade does offer stocks under $1.00. It also provides access to the OTC marketplace. Other investments include futures, fixed-income assets, forex, ETF’s, closed-end funds, mutual funds, and bitcoin.

The winner here is obviously TD Ameritrade.

Websites

Webull has decided to forgo website trading altogether. Its site hosts a FAQ that focuses on the company’s trading services. There is no client login.

The situation at TD Ameritrade is very different. After logging into our trial account, we found an excellent trade bar at the bottom of the site. It can submit orders for stocks, ETF’s, option contracts, and closed-end funds. There are multiple order types, duration options, and some advanced features like all-or-none and conditional orders. Options have direct-access routing.

Charting on the TD Ameritrade site provides a lot of great tools, such as upper indicators, lower indicators, company events, comparisons, and display choices. The one disappointment is in the realm of drawing tools: only trendlines are included.


TD Ameritrade Thinkorswim Review


TD Ameritrade’s site also provides watchlists (several can be created, edited, and deleted), cash management tools, a tax center, alerts, triggers, and bond and mutual fund trading tickets.

Clearly, the winner once again is TD Ameritrade.

Mobile Platforms

While Webull’s site was not as robust, its mobile platform is quite impressive. Charting has some advanced features, including long timeframes, lots of technical indicators, and a horizontal mode. We especially liked the simulated trading feature, which we used during our research.


WeBull Review: Charting


The order form on the mobile system offers multiple order types, and there is an extended-hours option. Missing is direct-access routing and complex order types such as order cancels other. Alerts, an economic calendar, and a watchlist are added bonuses. Missing features include check deposit and video news.

TD Ameritrade offers a total of three apps. One platform offers charting with approximately 400 technical indicators. Another app provides Level II quotes. Unlike Webull, TD Ameritrade offers live streaming of video news from both CNBC and TD Ameritrade’s own channel. Mobile check deposit is another perk.


webull vs Ameritrade


An added defeat for Webull.

Desktop Software

Both firms in our investigation have desktop platforms. Webull’s provides good charting with Fibonacci retracements, several indicators, full-screen mode, and trading from the chart. A really nice feature is paper trading; and we definitely like the incorporation of hot keys and an active trade widget that can place orders with just one click. We wanted to see direct-access routing and Level II quotes, but didn’t find them.


Webull Trading Platform


On TD Ameritrade’s desktop program we did find them. We also found 400 technical studies on the charting section along with many other bells and whistles. The order ticket provides a lot of advanced order types, such as on-the-close, trailing, and OCO.


TD Ameritrade Thinkorswim Review


Another great feature is live streaming of video news. A chart can link to an on-demand video library by displaying icons on a graph that show when news pieces were released on a particular stock.

TD Ameritrade looks like the better choice here.

Research & Education

On Webull’s mobile app and desktop system, we found many good research materials. These are mainly in the area of stock analysis rather than general investing education. An equity screener is able to search by earnings per share, volume, % change, and more variables. Analyst ratings for stocks are shown; although pdf downloads are missing in action. News articles are shown, press releases are available, data concerning institutional holdings can be accessed, and there’s much more.

TD Ameritrade has a section on its site devoted to investment education. We found learning materials on how to purchase an annuity and how to trade derivatives. Transitioning to research, there are screeners for stocks, mutual funds, and ETF’s. We found them easy to use with lots of search criteria. TD Ameritrade doesn’t provide as many analyst ratings, but the broker does offer free pdf reports.

We’ll take TD Ameritrade here.

Global Trading

Neither broker-dealer in this investigation offers trading in foreign securities. Webull does provide data on stocks that trade in Germany and the UK. While TD Ameritrade doesn’t have this type of global emphasis, the company does provide access to the American OTC market; and this makes it possible to trade foreign stocks that appear here.

We have our first tie.

Other Services

TD Ameritrade customers can sign up for the broker’s free DRIP (dividend reinvestment program) in order to buy more shares of a security instead of receiving a cash distribution. Webull unfortunately doesn’t offer this service, even for a fee.

A similar situation exists for Individual Retirement Accounts. TD Ameritrade provides a large assortment of IRA’s; but Webull offers none at all.

Once again, we see the same state of affairs with automatic investing. TDA clients can sign up for regular contributions to mutual funds. The broker does require a paper form, which is one disadvantage. There is also a minimum purchase of $50 per transaction. Webull does not provide automatic investing (as we saw, it does not offer mutual funds); and it does not provide any type of recurring deposit, either.

TD Ameritrade is obviously the better pick here.

Promotions

WeBull: Get one FREE stock between $8 and $1000 when you deposit $100+ at WeBull.

TD Ameritrade: Trade free for 60 days + get up to $600.


Recommendation

For beginners, we definitely recommend TD Ameritrade over Webull. The latter just doesn’t have the learning materials or customer service that the former does.

For retirement savers and long-term investors, we once again suggest TD Ameritrade. Webull doesn’t have IRA’s or other long-term investing resources.

For mutual funds, the obvious pick is TD Ameritrade. As for stocks and ETF’s, the broker does have better tools, but Webull has the lower commission. Take your pick.

TD Ameritrade vs WeBull Summary

TD Ameritrade is head and shoulders above Webull. Nevertheless, the latter broker can provide a good value with $0 trading.



Webull


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