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

Overview of Vanguard and WeBull

Vanguard is a buy-and-hold fund company, while Webull is a frequent stock trading firm. Despite this difference, the two companies do have some amount of overlap. Customers at one firm should check out what the other broker offers. Here’s what we found:

Broker Cost

Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na na $0 $0
Vanguard $7-$20 $8-$35 $30 + $1.50 per contract $20* $20*

Services

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

Promotions

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

Vanguard: none right now.


Range of Investments

Webull customers get just two investment vehicles they can trade: equities and exchange-traded funds. There are no closed-end funds or mutual funds. Securities under $1 in price or with a market cap under $10 million aren’t eligible for trading. Over-the-counter securities aren’t tradable, either. Penny stocks (stocks under $5 but above $1) on major American exchanges are available.

Vanguard offers stocks, ETF’s, mutual funds, closed-end funds, fixed-income assets (including CD’s and UIT’s), and options.

Vanguard triumphs in the opening category.

Website Trading

Webull’s website hosts a short FAQ that covers questions that most new customers will have. The site also advertises the company’s pricing schedule and trading services. There is no login, which obviously means there is nothing inside for traders to use.

We found much more at Vanguard. The broker’s website offers security research, account management, investment education, charting, and order entry. The site’s charting is fairly basic. A small graph appears on the overview page of a single stock. Clicking on the ‘Charts’ tab produces a much larger chart, although it can’t be displayed full screen. Up to 10 years of price data is available. The software offers four graph styles, comparisons to indexes and other stocks, ten technical indicators, and company events.


Vanguard versus Webull


Finding Vanguard’s trading ticket is a little odd. There are no buy and sell buttons on the site. Instead, a stock’s profile has a column of links on the right-hand side. The header says “I want to...” and several links are displayed below. One of them is “Trade this stock.” Clicking on this generates the trade ticket.

We found market, limit, and stop orders. There are no trailing or other advanced order types. Duration choices include day and GTC. An after-hours option is available, but only during the after-hours period.

Several links are displayed on the order ticket. They provide information on how to place a trade, the difference between order types, and how to read a quote box.

Vanguard obviously wins this category.

Mobile Apps

This category is going to be much closer. Webull’s app is compatible with Apple and Android phones and tablets. During our trial, we found a wide variety of functions. Charting is quite advanced, with up to five decades of price action. A chart can be rotated horizontally; there are 8 chart styles, 25 technical indicators, and 6 drawing tools. Company events can be displayed, and extended hours can be shown. A feature we really liked was dual charting, where two charts of two stocks can be displayed next to each other for comparison.


WeBull vs Vanguard


Webull’s order ticket offers market, stop, and limit orders only. There are two time-in-force options: GTC and day. An order can be specified as an extended-hours trade. A chart is shown on an order ticket, and a tab shows open orders.

Vanguard’s app functions on Android, Apple, and Kindle devices. Its first failure is lack of any charting. It doesn’t have video financial news, but neither does Webull’s. Vanguard mutual funds can be traded on the platform, and we liked mobile check deposit, something Webull neglected.


Vanguard vs WeBull


Vanguard’s order ticket provides real-time pricing with market, limit, and stop orders. There are only two duration choices. We did not find a demo mode on Vanguard’s app, which Webull’s does have.

Overall, we’ll call it a tie here.

Desktop Software

Vanguard, as we noted in the introduction, doesn’t emphasize active trading. Hence, it doesn’t offer any type of desktop platform. Webull does, and the software offers some effective trading tools, but falls short in some places.

The Webull platform offers full-screen charting with technical indicators, company events, and multiple chart styles. Several order tickets can be displayed on the platform with multiple graphs for multiple stocks. The order ticket offers the same features that the mobile platform delivers.


Webull Platform


Account information can be accessed on the desktop system. We found graphs for net assets, daily P&L, and P&L%.

A paper trading mode once again appears. Direct-access routing unfortunately does not make an appearance, and Level II data is also absent.

Webull triumphs here.

DRIP Availability

Vanguard clients are automatically enrolled in the company’s free dividend reinvestment program. This is the default setup for all accounts, but it is possible to opt out. Webull does not offer any type of dividend reinvesting.

Vanguard is the clear winner here.

Security Research

Webull’s two software platforms offer a lot of educational and research tools. The desktop platform, for example, has a stock screener that looks for potential investments based on a wide variety of criteria, such as exchange, market cap, and EPS. Available markets include India, Hong Kong, China, the U.S., and Canada. General market data is available on indexes and most active stocks. The mobile app has news articles for a particular stock, order flow, analyst recommendations (although not reports), and press releases.

Vanguard also provides a lot of investment research. Many educational articles are hosted on its site, although these can be difficult to find at times. A stock’s profile page offers free reports from Argus and MarketGrader. There are no other analyst recommendations. Fund and stock screeners are able to look for undervalued investments.

Too close to call here.

Recommendation

For active stock traders, we definitely recommend Webull. Active stock traders at Vanguard who have at least $5 million in the broker’s funds qualify for zero-dollar commissions.

For traders who need good customer service, we suggest Vanguard over its rival. Webull doesn’t even have a phone number. Good luck getting a hold of someone.

For cash management needs, we once again propose Vanguard over Webull. Although Vanguard’s banking features aren’t the best in the industry, Webull doesn’t offer any at all.

Promotions

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

Vanguard: none right now.


Vanguard vs WeBull Summary

Vanguard is the overall winner, but active stock traders who want a desktop platform should go with Webull.



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