In the very competition sphere of online trading brokers, Webull is making great strides against more established platforms like E*TRADE.
In this Webull vs ETRADE tutorial, I will present you with unique insights and facts to help you determine which one of these two brokers fills your trading needs in 2022 and beyond.
Table of Contents
Webull vs ETRADE or ETRADE vs Webull
Let me preface by telling you that I have been using both of these brokers from many years now,
ETRADE has been my default trading platform since 2016.
I created an account with Webull in 2019.
Since then, my YouTube videos on Webull and ETRADE have featured all the benefits and advantages of each broker.
Is ETRADE better than Webull ?
Based on my over 4 years of using Both ETRADE and Webull along with a survey of 100 traders from my Discord Chennel, the now owned Morgan-Stanley ETRADE still gets the nudge. ETRADE gets 92% score vs 87% for the newcomer Webull.
ETRADE is the clear winner because of its great educational content, investments assets such as stocks, options and futures, its ease to use through Power ETRADE, a nice Mobile App and a24/7 Customer service that will support you with all your trading needs.
Summary of Webull vs ETRADE
| Attributes | Webull | ETRADE |
| Education and Training | 18 out of 20 | 20 out of 20 |
| Mobile Trading Applications | 10 out of 10 | 9 out of 10 |
| Investments Variety | 9 out of 10 | 7 out of 10 |
| Due Diligence Research | 8 out of 10 | 9 out of 10 |
| Platforms and Tools | 17 out of 20 | 19 out of 20 |
| User Interface | 16 out of 20 | 20 out of 20 |
| Commissions and Fees | 9 out of 10 | 8 out of 10 |
| Summary Score | 87/100 | 92/100 |
| Individual Reviews | Webull Review | ETRADE Review |
For the categories, I had to decide which ones to give more weighting towards so that we could get a rounded 100 score.
After another survey from my traders, I settled on giving priority to the Education, the platforms and tools and the Ease of Use of the User interface.
All 3 of these get a maximum score of 20 while the other features were scored on a 10 scale.
Education and Training
| Category | Webull | ETRADE |
| Stock Education | Yes | Yes |
| ETFs Education | Yes | Yes |
| Mutual Funds and Bonds Education | No | Yes |
| Crypto Education | Yes | No |
| Futures Education | No | Yes |
| Paper Trading | Yes (finally!) | Yes |
| Retirement Education | Yes | Yes |
| Internation Markets Education | Yes | No |
Trading Commissions and Fees
| Attribute | Webull | ETRADE |
| Minimum Deposit | $0 | $1,000 (to get Live Quotes) |
| Stocks Trades | $0 | $0 |
| ETF Trade Fees | $0 | 2 cents |
| Mutual Fund Fee per trade | $0 | $19.99 |
| Options Fees per contract | $0 | $0.5 after 1st 3 months ($0.65 default) |
| Futures per contract | N/A | $1.5 |
| Trade over the phone Fee | N/A | $25 |
If you have been trading for a couple of years with ETRADE or nay broker for that matter, you can call them up and negotiate your trading fees. I currently pay 30 cents per contract with ETRADE since negotiating with them in 2018.
Margin Rates
| Dollar Amount ($) | Webull | ETRADE |
| Less than 25K | 8.95% | 6.99% |
| between 25k and 50k | 8.45% | 6.49% |
| between 50 k and 99k | 7.95% | 6.49% |
| between 100k and 250k | 7.45% | 5.99% |
| between 250k and 500k | 6.95% | 5.49% |
| between 500k and 1 million | 6.45% | 4.99% |
| greater than 1,000,000 | 5.45% | 4.99% |
Investments Offerings
| Investment Types | Webull | ETRADE |
| Crypto Trading | Yes | Not Yet |
| Number of Coins to Trade | Over 50 | 0 |
| Stocks Trading | Yes | Yes |
| Fractional Shares Trading | Yes | Not Yet |
| OTCBB/ Pink Sheets | No | Yes |
| Futures | No | Yes |
| Mutual Funds | No | Yes |
| Bonds | No | Yes |
| International Markets | Yes | No |
| Options Trading | Yes | Yes |
| Options Trading Restrictions in Volatile Conditions | Yes ! | No |
Available Order Types
| Types of Orders | Webull | ETRADE |
| Market Order | Yes | Yes |
| Limit Order | Yes | Yes |
| After Hours Trading | Yes | Yes |
| Stop Loss Order | Yes | Yes |
| Trailing Stop Orders | Not Yet | Yes |
| Open Until Close Orders | Yes | Yes |
| Broker Assisted Order | No | Yes ($25 Fee) |
Stock and Options App Features
| Features | Webull | ETRADE |
| Watchlist Creation for stocks and Options | Yes | Yes |
| Watchlist Management | Yes | Yes |
| Watchlist Filtering for stocks and Options | Yes | Yes |
| Alerts on Options and Stocks | Yes | Yes |
| Options Chains Listing | Yes | Yes |
| Watchlist Live Updates | Yes | Yes |
Charting Capabilities
| Features | Webull | ETRADE |
| Stocks Comparison | Yes | Yes |
| Custom Studies | Yes | Yes |
| Technical Analysis Studies | Over 50 and growing | Over 50 |
| Multiple Timeframes | Yes | Yes |
| After Hours Availability | Yes | Yes |
Trading Chart Features
| Capabilities | Webull | ETRADE |
| Multiple Indicators and Studies | over 125 | over 50 |
| Add Notes on Charts | Yes | Yes |
| Overlay Index such as SPY, QQQ, DIA, IWM | Yes | Yes |
| Historical Trades | Yes | Yes |
| Custom Day Range | Yes | No |
| Template Saving | Yes | Yes |
| Trade Ideas | Yes | No |
| Custom Studies | Yes | No |
| Company events (Dividend, Earnings, stock Splits) | Yes | Yes |
| Drawing Tools | Over 35 | Over 30 |
Day Trading Features
| Features | Webull | ETRADE |
| Streaming times and Sales | Yes | Yes |
| Level 2 Quotes Data | Yes, with Volume profile | Yes, but. |
| Streaming TV | No | Yes (Bloombeg TV Feed) |
| Ladder Trading | No | No (only on Futures) |
| Hot Keys Trading | Yes | Yes |
| Strategies BackTesting | No | No |
| Hard to Borrow Indicator | Yes | Yes |
| Live Option Flow | No | Yes ! |
Stock Fundamental Analysis Research | Due Diligence
| Capabilities | Webull | ETRADE |
| Stock Research – PDF Reports | 0 | 6 |
| Earnings Analysis | Yes | Yes |
| Insiders Reports | Yes | Yes |
| SEC Filings | Yes | Yes |
| Balance Sheet and Cash Flow | Yes | Yes |
| News Feed | Yes | Yes |
| Corporate Sustainability Reports (ESG) | No | No |
Exchange Traded Funds (ETF) Research
| Description | Webull | ETRADE |
| Strategy Overview and Comparison | Yes | Yes |
| Inception Date | Yes | Yes |
| Expense Ratio | Yes | Yes |
| Net Assets | Yes | Yes |
| Top 10 and Total Holdings | Yes | Yes |
| Performance Analysis | Yes | Yes |
| Sector exposure | Yes | Yes |
| Risk Analysis | Yes | No |
| PDF Reports | Yes | No |
Options Trading Capabilities
| Features | Webull | ETRADE |
| Option Chains Basic views | Yes + Tree View | Yes |
| Streaming Options Chains | Yes (Finally!) | Yes |
| Options Greek streaming | Yes (Finally!) | Yes |
| Quick Analysis | Yes | Yes |
| Profit and Loss (P&L) charts | Yes | |
| Positions Greeks | Yes | Yes |
| Options Rolling | No | Yes |
| Option Positions Grouping | No | Yes |
| Option Simulation Trade Lab | No | Yes |
Banking
ETRADE is a member of the FDIC that provides full banking services.
Your ETRADE bank account comes with checking and savings accounts that you can link to your trading for ease of money transfer.
Debit and credit cards are also available from ETRADE with their recent acquisition by Morgan Stanley.
Webull on the other hand does not provides any banking feature or even mortage loans which ETRADE is currently offering.
Customer Service Support
| Availability | Webull | ETRADE |
| Phone Support – Current and Prospect Customers | Yes, hard to get though | Yes |
| Email Support | Yes | Yes |
| Live Chat Support | No | Yes |
| 24/7 Customer Support | No | Yes |
FINAL THOUGHTS On Webull vs ETRADE
I have been using ETRADE since 2016 and Webull platform since 2019.
To compare Webull vs ETRADE, I surveyed 100 traders from my Discord room who are users of both ETRADE and Webull over the years.
The rating score came out in favor of Webull albeit these number are way closer than our original 2019 review of Top trading platforms in the US.
Also, I have provided extended resources for beginning options traders on my YouTube channel and this blog to help you take your trading to the next level.
Hold a Master Degree in Electrical engineering from Texas A&M University.
African born – French Raised and US matured who speak 5 languages.
Active Stock Options Trader and Coach since 2014.
Most Swing Trade weekly Options and Specialize in 10-Baggers !
YouTube Channel: https://www.youtube.com/c/SuccessfulTradings
Other Website: https://237answersblog.com/
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