Compare Fidelity Investments versus WeBull: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which online broker is better in 2021?

Webull vs. Fidelity Introduction

If you’re looking for a place to open a brokerage account, Webull and Fidelity should be at the top of your list. These two firms do differ in some areas, however; so be sure you’re aware of the following variations:


Fidelity Investments Review
Rating Webull Rating Fidelity Investments rating
Stocks, ETFs $0 $0
Options (per contract) $0 $0.65
Mutual Funds na $49.99 to buy
Crypto $0 na
Initial Funding Requirement $0 $2,500
Inactivity Fee $0 $0
IRA Annual Fee $0 $0
IRA Termination Fee $0 $50
Full Account Transfer Out$75$0
Partial Account Transfer Out$0$0
Promotion Grab your last chance to get 2 free stocks up to $1850. Open a Fidelity account and get $0 stock trades.

As you see from the table above, Webull is better priced than Fidelity for options traders.


1st Category: Investing Options

The first thing you should be interested in when looking for a broker is the investment options it offers.

Webull:

- ETFs and closed-end funds
- Stocks
- Options
- Cryptocurrencies

The above assets can only be traded inside of self-directed accounts. The broker-dealer does not offer any investment-advisory services.

Fidelity:

Inside of self-directed accounts, Fidelity customers can trade:

- Funds, including not just ETFs and closed-end funds, but also mutual funds
- Bonds and cash equivalents
- Stocks, including OTC and foreign securities
- Options

Inside of managed accounts, Fidelity offers mutual funds with zero expense ratios (in its robo program called Go) and stocks, funds, and bonds in traditional packages. Prices range from free to 1.5%, depending on multiple variables.

Winner: Fidelity


2nd Category: Education and Security Analysis

Whether new to investing or a seasoned trader, you’ll definitely need research and educational tools.

Webull:

During our investigation, we didn’t find very much in terms of general investing education at Webull. But the broker does have a stock screener with 21 search variables. Stock profiles have lots of helpful resources, including financial statements, public releases, order flow, and more.

Fidelity:

Unlike Webull, Fidelity has a large library of educational resources, and these aren’t just articles. We found videos, infographics, podcasts, and more. Examples of upcoming live webinars include:

- Tax planning opportunities
- What are ETFs? And why you might want to use them

Fidelity’s stock screener outperforms Webull’s, too, with roughly 100 search criteria. Equity profiles have enormous amounts of information on them. For Coca-Cola, we found 11 pdf reports from multiple analysts. (Webull does not provide stock reports, although it does have trade recommendations.)

Winner: Fidelity


3rd Category: Websites

Webull:

After logging into our Webull account, we found only simple tools for downloading account documents and moving money. There are stock and ETF profiles on the website, although these have far less data on them than profiles on the company’s browser platform. Launched from the website, this program has a lot of great features, including:

- Advanced charting in full-screen mode with technical studies, drawing tools, and notes
- Watchlists (an infinite number can be created)
- Alerts (can be set up with a right click on a chart)
- Price ladder
- Multiple trade tickets
- Option chains (but no strategies)
- Demo mode


Webull Referral Program


Fidelity:

Fidelity’s website has much more material on it than Webull’s. But Fidelity doesn’t have a web-based platform. Everything is on the website. While this isn’t necessarily a bad thing, it does make the site a little more difficult to navigate than Webull’s site, which has very little on it.


Fidelity or Webull


Fidelity customers will find advanced charting, a pop-out order ticket, option chains with multi-leg strategies, and a very large self-help section that doesn’t appear on the Webull site.

Winner: Pretty close


4th Category: Desktop Platforms

Now we come to the crown jewels. Both firms have them.

Webull:

Compatible with both Windows and Mac (and Linux, too), Webull’s desktop platform is very similar to its browser cousin. The desktop version has integrated option strategies, an improvement over the web-based system. Other highlights include:

- Simulated-trading mode
- Multiple layouts, including a day-trading setup
- Heat maps with the day’s action
- Volume analysis widget
- Short interest details


Webull versus Fidelity


Fidelity:

Active Trader Pro is Fidelity’s desktop software. It has a few features that don’t make an appearance on Webull’s desktop program. These advantages include basket trading (the ability to send multiple orders at the same time), direct-access routing, and live streaming of video news (courtesy of Bloomberg).


Active Trader Pro


But ATP is also missing some features that Webull’s platform has. These include short interest, a price ladder, and volume analysis.

Winner: Close once again


5th Category: Mobile Apps

Webull:

Webull’s mobile app has a very good charting program, with not only technical studies but some really obscure features, such as a replay mode and a dual-chart function (just in case you need to track multiple securities simultaneously).


WeBull vs Fidelity Investments


Other highlights include a social-networking feature, trading competitions among other Webull customers, and bracket orders.

Fidelity:

Fidelity’s app doesn’t have a community forum or trading competitions. But it does have mobile check deposit and video news, neither of which will be found on Webull’s app. It also has asset profiles with lots of data points, including social sentiment scores, a Trefis valuation, and much more.


WeBull vs Fidelity


Winner: Overall, draw


Promotions

Webull: Grab your last chance to get 2 free stocks up to $1850.

Fidelity: Open a Fidelity account and get $0 stock trades.



6th Category: Margin Borrowing

If you want to bring your trading to the next level, both Fidelity and Webull offer margin accounts.

Webull:

One of the great resources at Webull is margin information. Just enter a ticker symbol on any platform and you’ll get details such as shorting status and the initial maintenance requirement. Webull charges anywhere from 3.99% to 6.99% for a margin loan.

Fidelity:

Fidelity’s desktop platform doesn’t provide in-depth margin details. It does have a margin calculator on its website that can display details like margin buying power and what impact a hypothetical trade will have. Pricing is from 4.025% to 8.325%.

Winner: Webull


7th Category: Option Tools

Webull:

The best option trading experience will be found on Webull’s mobile app and desktop platform. There are 9 strategies installed. Each one has a description with a profit-loss diagram in case you need a quick review. The final order ticket has a color-coded profit-loss diagram for a final review. Market and limit are the two available order types.

Fidelity:

Unlike Webull, Fidelity has very good option tools on its website. These include a probability calculator, an IV index widget, key stats, option market commentary, and a profit-loss calculator. There are 12 integrated spreads. Chains have a histogram, although this can be turned off.

An option screener is icing on the cake. This great tool has lots of search criteria. Active Trader Pro has even more derivative tools.

Winner: Fidelity


WeBull Review: Charting


8th Category: Miscellaneous Services

Banking Tools: Fidelity, but not Webull, offers checkwriting and a Visa debit card. These banking tools carry no fees of any kind, and Fidelity reimburses ATM fees.

IRAs: Both brokerage firms have Individual Retirement Accounts. Fidelity has SEP, SIMPLE, Inherited, and Minor IRAs, which Webull doesn’t offer.

IPO Availability: Webull and Fidelity both offer IPO participation. Fidelity does require a very steep $100,000 in assets to get in on the action (even higher in some situations), a requirement that Webull doesn’t have.

Fractional-share Trading: Fidelity customers can place trades for stocks and ETFs in whole-dollar amounts. Webull also offers partial shares investing.

Dividend Reinvestment Program: Fidelity has a DRIP service. Webull does not.

Extended Hours: Traders at either firm in this rivalry can submit orders early in the morning and late in the evening. Webull’s early session starts at 4:00 AM, Fidelity’s at 8:00 AM.

Winner: Pretty close


Recommendations

Beginners: With Fidelity’s network of branch locations, very good 24/7 customer service, and large selection of educational materials, we have to endorse it.

Stock/ETF Trading: This category is a little more difficult. We do like both companies’ trading platforms. WeBull is our pick.

Small Accounts: Neither brokerage house has any ongoing fees or account minimums. We'll take Webull.

Long-Term Investors and Retirement Savers: Fidelity has financial-planning services, a longer list of IRAs, a self-employed 401k, annuities, and lots of retirement resources on its website (like calculators) that Webull doesn’t offer. Easy pick.


Promotions

Webull: Grab your last chance to get 2 free stocks up to $1850.

Fidelity: Open a Fidelity account and get $0 stock trades.



Webull vs Fidelity Judgement

In the realm of software, it really does come down to a matter of personal preference. For long-term investing, Fidelity is the top dog.

Open Webull Account


Open WeBull Account

Open Fidelity Account


Open Fidelity Account

Updated on 3/10/2021.


Webull


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