Are you confused about whether to choose TD Ameritrade vs Webull as a broker for your investing needs?
In this side-by-side comparison, we analyse TD Ameritrade vs Webull to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
TD Ameritrade vs Webull: In a Nutshell
US traders looking for an all-in-one solution
TD Ameritrade is an established online broker with a strong presence in the United States, offering 0% commissions on stocks, ETFs and options.
One of the key advantages of TD Ameritrade is its robust trading platform, thinkorswim. This platform offers advanced charting capabilities and customizable layouts.
TD Ameritrade prides itself on its exceptional customer service, offering 24/7 support via phone, email, and live chat, including a network of physical branches throughout the United States.
US investors looking for commission-free stock, ETF and options trading
Webull is a user-friendly and modern investment app based in the United States, which does not charge a commission when investing in some of its financial products.
It offers trading in stocks, options, ETFs, cryptos, fractional shares, and even Over-The-Counter (OTC) stocks. New users get up to 12 free stocks.
Webull appeals more to beginners but the brokerage also delivers a wide range of tools for more advanced investors (in-depth charting, dozens of technical indicators, customization,…).
Pros and Cons
TD Ameritrade
Pros
- 0% commissions on stocks, ETFs and options
- No minimum deposit
- Good research and educational tools
- Excellent customer support
- Wide investment selection
Cons
- No fractional shares
- The only available market is the US
- No credit/debit cards for deposit/withdrawals
Webull
Pros
- Commission-free stock, ETF and options trading
- Fast and easy account opening
- No inactivity fee
- No minimum deposit
- Demo account
Cons
- Limited product portfolio
- Expensive for deposits and withdrawals
- No live chat support
TD Ameritrade vs Webull: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
