This TD Ameritrade and Webull review will compare different investment options and features of both brokerage firms to help you decide which agent best suits your investment goals .
The Short Version
- Both Webull and TD Ameritrade offer commission-free stock trading.
- Webull is a mobile-first trading platform suitable for the intermediate investor.
- TD Ameritrade has a powerful analysis and charting interface, making it an excellent trading platform for the advanced investor.
provides free options trading in addition to commission-free stock and ETF trading, but TD Ameritrade charges a flat fee per contract traded. TD Ameritrade provides a wide range of accounts for investors, while Webull offers only a few account types and no interest on uninvested cash.
Webull vs. TD Ameritrade: Overview
What Is Webull?
provides free options deal in addition to commission-free stock and ETF trade, but TD Ameritrade charges a directly tip per contract traded.provides a wide range of accounts for investors, while Webull offers only a few explanation types and no interest on uninvested cash. Founded in 2017, Webull Financial LLC is a relatively fresh online investment broke. Like Robinhood, the platform attracts more millennials because of its mobile-friendly approach. however, it offers a meaning number of features found on many traditional brokerages .
Webull is regulated by the US Securities and Exchange Commission and has a highly secure deal environment. The broker is a fiscal Industry Regulatory Authority ( FINRA ) member .
While this broke may be a more holocene entrant to the online investing scene, its mobile app has become very popular among youthful traders. And it could be bang-up choice for those who prefer short-run and frequent or day trade. besides, fractional shares are available to traders, which is a big asset .
What Is TD Ameritrade?
TD Ameritrade has been around for closely five decades. Founded in 1975, the brokerage is well-established, with brick-and-mortar offices in over 170 locations .
Over the years, TD Ameritrade has built a repute for being a reliable and trustworthy online broke, offering traders a wide choice of investment products for a sincerely diversified portfolio. The company was acquired by Charles Schwab in October 2020, but it still operates as an mugwump post .
TD Ameritrade has a huge variety of educational resources on its chopine. It besides provides enough of tools to help novice traders get situated and more know clients to develop and test strategies. In addition to its world wide web platforms, the broker has two mobile apps .
Further reading: TD Ameritrade : Is This the Broker For You ?
Webull vs. TD Ameritrade: Available Investments Products
Both Webull and TD Ameritrade offer stocks, options, and ETFs. When it comes to cryptocurrency, Webull allows you to immediately trade 30+ of the top coins on the market. TD Ameritrade merely offers Bitcoin futures .
here is a table of available assets on both trading platforms .
|Investment Product||Webull||TD Ameritrade|
|exchange traded fund||Yes||Yes|
|Commodities & Metals||No||Yes|
As the more establish brokerage house party, TD Ameritrade shines when it comes to their bluff range of available investing products, including stocks, futures trading, reciprocal funds, options trade, IPOs, ADRs, and ETFs. It has more than 400 common funds and bonds to choose from, making it a more suitable platform for investors looking to build a more diversify portfolio .
additionally, it offers a diverseness of retirement accounts and parents can even open accounts for minors using the custodial account option. Webull, meanwhile, offers traditional, Roth, and Rollover IRAs. It besides offers a gross profit report and presently charges significantly lower interest rates than TD Ameritrade .
here ’ s a list of the respective account types available on both platforms .
|Account type||Webull||TD Ameritrade|
|Individual Taxable brokerage||Yes||Yes|
Read more: Forum Policy
Webull vs. TD Ameritrade: Trading Platform and Usability
primitively designed as a mobile app, Webull has a very user-friendly platform that suits the intercede investor. The platform has banal screening tools, watchlists, and customizable alerts—easy-to-read essentials that will help you on the go .
While active traders should be pleased with Webull ‘s have set, it ‘s hard for any agent to beat the trade tools that TD Ameritrade is able to offer through its Thinkorswim trade platform. It includes a dizzy align of features, insights and functionalities, all available via desktop app and mobile. In accession to having entree to malcolm stock screeners and watchlists, users can develop custom indicators and other tools for testing versatile trade strategies .
Both Webull and Ameritrade offer newspaper trade accounts. This allows traders to test out their strategies without risking any very funds .
Webull vs. TD Ameritrade: Fees & Account Minimums
Webull offers commission-free trade of stocks, options, and ETFs and it does n’t charge a per compress fee on options. There are technically no commissions on crypto trades either, but Webull does add a bedspread of 100 basis points, which translates to about 1 % of the order amount .
ACH transfers are spare up to a maximal of $ 50,000 a day ; transfers through U.S Domestic Wire are charged at $ 8 per down payment and $ 25 per withdrawal. International wires are charged at $ 12.50 per deposit and $ 45 per withdrawal .
TD Ameritrade besides charges no commissions on stocks and ETFs. however, there is a fee of $ 2.25 for each futures deal condense and a per contract consign of $ 0.65 on options trades .
There are no minimal balances for accounts held on Webull. The only exception is for traders who prefer margin trade. In this lawsuit, a minimal account balance wheel of $ 2,000 is required. TD Ameritrade does not require a minimum libra for accounts except a $ 25,000 necessity for allowance accounts .
Webull vs. TD Ameritrade: Customer Service
TD Ameritrade has been around for well over four decades, so it has plenty of experience when it comes to providing solid node service. The broke provides earphone, electronic mail, and live chat confirm that ‘s available 24/7. Clients can besides consult with fiscal advisors over the telephone or in person at local TD Ameritrade offices .
Webull is an easy-to-use platform, but you may still run into problems that require attention from their customer service team. unfortunately, the agent only provides electronic mail and phone support. It does not offer 24/7 digest and there is no exist chat available for stream and prospective customers .
Pros and Cons of Webull
- Intuitive platform. The broker offers easy-to-use desktop and mobile app with intuitive and clean design. Traders will find the interface pretty easy to use with plenty of helpful trading tools.
- Low fees. Webull offers commission-free stock, ETF, and options trading. It also stands out as one of the few brokers today that doesn’t charge any contract fees on options.
- Cryptocurrency support. If you’re looking to consolidate your stock and crypto trading on one platform, Webull is a strong option.
- No account minimums. Customers don’t need to maintain a minimum account balance.
- Quick and easy account setup. The process of opening a brokerage account and getting it approved is fast, and adding your bank account is pretty straightforward too.
- Limited educational resources: Completely new investors may have a harder time learning the basics of trading with Webull. Where other online brokerages might offer video tutorials, helpful articles about investing, WeBull is more focused on helping intermediate investors understand the platform.
- No mutual funds: Mutual funds are one asset class conspicuously missing on the Webull trading platform. The trading platform also lacks a few of the advanced tools that can be found on Thinkorswim.
- Zero income on excess cash: Webull customers don’t earn any interest on the uninvested cash sitting in their brokerage accounts.
Pros and Cons of TD Ameritrade
- Lots of educational content: Both newbie and experienced investors will find the high-quality education and research tools on TD Ameritrade quite helpful.
- Wider range of investments: TD Ameritrade offers a range of investment options suitable for both passive investors and active traders.
- Good customer support: The brokerage firm is available 24/7, and customers can reach the broker via email, phone, live chat, or in person at local branches.
- Excellent trading tools: The Thinkorswim platform offer simplicity, high-quality, and robust capabilities for traders of all experience levels.
- No fractional shares: While TD Ameritrade customers have access to a wide range of assets, the broker doesn’t offer fractional shares yet.
- No crypto support: TD Ameritrade customers can’t directly invest in any cryptocurrencies.
- Higher margin rates: TD Ameritrade’s margin interest rates are considerably higher than Webull’s.
Webull vs. TD Ameritrade: Which Broker Is Better for You?
TD Ameritrade is a hardy in the brokerage scene and it has something to offer merely about every type of investor and trader. active stock traders, specially, will love the agent ‘s wide roll of trade tools and feature .
however, when it comes to supporting trendier assets, TD Ameritrade falls a moment curtly. You ca n’t invest in fractional shares, for exemplar. And when it comes to crypto, you ’ ra limited to Bitcoin futures.
Read more: Forum Policy
Webull is an excellent choice if you want an all-in-one platform that supports stock and crypto assets. It’s besides deserving considering if you want to use fractional shares to spread out your capital to several stocks or ETFs. however, you should n’t choose Webull if you’re wanting to invest in reciprocal funds .
Still searching? Check out our round-up of the best online breed brokers for 2022 .