Webull vs E*TRADE • Benzinga compare

Webull and E*TRADE compete in the online brokerage business. They offer innovative low-cost products for traders looking for profit-maximizing investments. Yet, in many ways, these companies are very different.

E*TRADE is an online brokerage with a history dating back to 1983. It was one of the first companies to offer online brokerage services directly to customers in 1992. Its product line includes comprehensive banking services with a range of accounts.

Webull was launched in 2017 as an online brokerage. The company offers commission-free and fee-free trading in stocks and exchange-traded funds (ETFs), as well as direct trading in cryptocurrencies.

Look at how companies compare.

What is Webul?

Webull is an online brokerage firm launched in 2017. The New York-headquartered Chinese firm targets intermediate and advanced stock and ETF traders. Webull users enjoy commission-free trading on a range of investment assets.

The Webull platform is available as a mobile or desktop application. It is well designed, clean and easy to use. All stocks have their own pages, connecting to company announcements and news. The comments section allows users to gauge investor sentiment.

A deposit is not required to open an account, but if you want to use margin, you will need a minimum of $2,000 in your account. Use leverage up to four times your account amount for same-day trades and double the leverage for overnight trades.

Webull’s educational offering may not be as good as some of the competing products. It offers trading courses and a simulator that allows users to learn the system and try out trading strategies using virtual money. The simulator returns information and graphics in real time.

Webull users can access technical and fundamental analysis charts and tools, including statistics and analyst recommendations. The platform allows trading during extended hours with trading before and after business hours.

Customer service is as good as it gets with 24/7 chat, phone, and email response.

Trading options

  • Direct crypto trading: Trade for as little as $1 from a choice of 25 cryptocurrencies, including Bitcoin and Ethereum. Expect a 1% fee via price spread on all transactions. Trade crypto 24/7.
  • US listed stocks and ETFs
  • Fractions of shares: Investments as low as $5 allow traders to invest in expensive stocks that would otherwise have been out of their league.

Bonds and mutual funds are not available.

What is E*TRADE?

An online discount trading house, E*TRADE, is a banking and brokerage service offering users a wide selection of account options. E*TRADE does not charge commissions or fees for stock or ETF transactions. Most mutual funds are also free to trade.

Two mobile apps

E*TRADE has two mobile apps, Standard E*TRADE and Power E*TRADE. Both are free to use on Apple and Android phones. The Standard app is simple to use and is aimed at buy-to-hold investors. The standard version contains graphs and analyzes but is not at the same level as the more advanced application. This can be an advantage for beginners as it simplifies things.

The Power app offers additional features, including advanced charts, analytics tools, and social media sentiment tracking. It targets day traders and derivatives. Both versions offer paper trading so you can try trading without risking your money.

The mobile app is user-friendly and easy to navigate. The interface is clear and uncluttered so that you can easily find your way around.

Learn how to trade various assets, customize stock charts, and use filters by tapping into the tutorial videos. If you are new to trading, you will find everything you need to know in the E*TRADE library. The app also contains a powerful analysis tool – Earnings Motion Analyzer. It uses historical data to offer insight into future earnings so you can test your trading strategies. Users have access to fundamental and technical analysis.

Business assets

E*TRADE offers trading at all levels. Here are the assets you can access through the E*TRADE platform:

  • Shares
  • AND F : 2,300
  • Mutual fund : 9,000 sorted by asset allocation, leverage and expense ratio. More than 4,300 funds do not charge fees.
  • Option : Stock, index and futures contracts with four options trading levels
  • Futures contracts: In eight markets
  • Forex: Trading in nine currencies

E*TRADE does not include fractional shares or direct crypto trading in its range of trading assets.

E*TRADE offers excellent customer service, available by email, phone or chat. You can also make appointments in person at 30 branches.

Your funds are safe with E*TRADE. Morgan Stanley, member of the Federal Deposit Insurance Corp., supports E*TRADE.

How are Webull and E*TRADE different?

While there are some similarities between Webull and E*TRADE product offerings, there are also several important differences.

Business assets: E*TRADE has a wider range of trading assets, including mutual trusts, futures and bonds that Webull users do not have access to. Webull offers split stock trading, allowing traders to buy shares of large companies for as little as $5.

Direct crypto trading: Webull offers direct cryptocurrency trading with access to 25 cryptocurrencies. E*TRADE users have access to crypto-related products, but not to cryptocurrency trading.

Account options: E*TRADE is a banking brokerage company offering users a wide range of accounts, including long-term savings accounts and current accounts. Webull offers brokerage accounts and limited retirement options. Cash management accounts are not an option.

Platform: E*TRADE offers two platform options for standard and expert trading data requirements. Webull has a unique platform.

Options trading fees: E*TRADE charges 65 cents per trade. Webull options trades are free.

  • Best for

    Intermediate Traders and Investors

How are E*TRADE and Webull similar?

Despite their differences, E*TRADE and Webull have several similarities, including:

To pay: No deposit

Account maintenance fees: No account or inactivity fees. $75 to transfer funds to another broker

Platform: Functional platforms with user-friendly interfaces

Fees and commissions on stock exchange and EFT transactions: No-commission, no-fee stock and EFT trading

Demo accounts: Test your trading strategies on E*TRADE and Webull without putting your money at risk

Customer service: 24/7 customer support via email, chat and phone

Choose the right online broker for you

The right broker for you will depend on your trading strategy. E*TRADE offers a wide range of assets to buy, while Webull caters to more active traders. If you want to invest in bonds or trusts, E*TRADE may be the right platform for you. If you trade cryptocurrencies, direct trading of 25 cryptocurrencies makes Webull an attractive option.

It is essential to make the right choices when it comes to investing. Every investor wants to maximize their profits, so do your research before you jump in. Discover new investment opportunities and brokerage options on Benzinga.

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Frequently Asked Questions

questions and answers

Q

Is Webull good for beginners?

A

Webbull is good for beginners. Although it targets intermediate and advanced traders, there are plenty of educational materials that beginners can learn from. Beginners can also use the simulator to practice trades without risking their money.

A

E*COMMERCE is easy to use as the most advanced charts and analytics appear on the E*COMMERCE Expert app. This ensures that the standard app is uncluttered and easy to navigate.

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