Webull vs ETrade: Which Is The Better Investing Platform?

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Investing Simple is affiliated with Webull. This relationship does not influence our opinion of this platform.

Webull VS E-Trade

What Is Webull?

Recently, a number of new brokerage platforms have emerged. One of the more popular platforms is Webull. Webull is a commission free stock and ETF trading platform. Webull is designed for the active trader who is looking for a more dynamic user interface. Webull has a variety of features that benefit traders such as technical indicators, research agency ratings, financial calendars and free margin trading as well as short selling. With easy access to margin, research tools and live data, Webull has built an ideal platform for active traders.

Check out our detailed review of Webull here.

Webull Trading App

Webull is a platform that is designed for the intermediate trader who already has some experience with the stock market. If you are a complete beginner, you might experience information overload. If you are a somewhat experienced trader, Webull will give you all of the data you will likely need!

Webull Free Stock Promotion!

If you sign up via our link, you will get a free stock! You don’t need to fund the account to get the stock, you just have to open it.

Click Here To Open An Account With Webull!

Webull App Features

Real-Time Market Data: Webull offers real-time market data for all US markets. This ensures you are viewing consistent real prices in real time, making sure you are making the right investment decisions based on accurate data. This feature is extremely important for active traders who need price accuracy down to the penny.

You may also have access to real-time global market data on the Webull platform. There is a monthly fee for this feature. This is charged on a monthly subscription basis and the fee differs by market.

Webull Real-Time Market Data

News Stream: Webull offers real-time financial news through the news stream feature. Articles from Reuters and Bloomberg and other financial institutions are available through this feature. This can be extremely helpful in getting the most up to date news articles and possibly making important trades on breaking news for specific companies. This feature provides a single location to view financial news as well as providing a mixed collection of high quality content giving you a variety of different points of view on specific topics.

Webull News Stream

Virtual Trading Simulator: Webull offers a virtual trading simulator on their platform in order to learn new investing strategies without any risk. This is a valuable feature if you are trying out new trading strategies you’ve never used before. It can also be helpful in testing out a simulated portfolio before risking any real money. Anyone who is new to investing should first start out by using a trading simulator. This way you can gain experience and knowledge without taking any real risk. Webull is one of the first platforms to offer a built-in trading simulator!

Agency Ratings: Another feature offered by Webull is the ability to track and see professional analyst ratings on certain stocks. Rated stocks will have a number of ratings by professional rating agencies and firms. They will rank the company as a buy, sell, or hold and sometimes ratings in between.

The screenshot below shows a company with 40 analyst ratings as well as the trend over time. Institutional analyst ratings can give you an idea of what Wall Street is saying about a certain company or fund.

Webull Agency Ratings

Smart Alerts: Webull gives you the ability to set a variety of smart alerts that will notify you if a specific holding hits a defined price, moves a defined percentage, or has reached a specific volume level. These smart alerts can provide a system for executing trades at a certain price level or after a series of volume or price changes. Tools like this allow traders to be more effective and efficient when trying to execute trades over a period of time.

Financial Calendar: Webull offers a financial calendar that keeps you informed on upcoming financial news for the month. The financial calendar tools keeps track of upcoming IPOs, earnings releases, and which companies are about to pay out dividends. This tool provides a consolidated calendar of events, keeping you informed on upcoming market events all on one screen.

Margin Trading: Webull offers easy access to margin trading on the platform. You must have a minimum account balance of $2,000 to be approved for margin trading. When trading on margin you are virtually pledging the assets within your account as collateral to borrow money and invest it in more securities. Webull will lend you these funds for a fee at a specific interest rate. If your account drops below $2,000 you run the risk of a margin call and forced liquidation of your funds. Margin creates leverage which could increase potential returns, but carries significant risk as it could also amplify losses.

Webull Margin Rates

Technical Indicators: Webull prides itself on the usability of its platform for serious traders. Many traders use technical price indicators to indicate ideal buy and sell levels. The platform gives you access to 22 technical indicators for developing trading strategies.

If you sign up via our link, you will get a free stock! You don’t need to fund the account to get the stock, you just have to open it.

Click Here To Open An Account With Webull!

What Is E*Trade?

E-Trade is one of the top investing platforms available today. E-Trade is a full-service brokerage that allows you to invest in stocks, bonds, options, ETFs, Mutual Funds, Futures and Forex. With multiple investing platforms, research tools, education center, and more its features may justify the $6.95 commission fee per trade.

E*Trade Logo

The core difference between E-Trade and Webull is that Webull does not charge any commission for trades placed on the app. E-Trade offers features above and beyond what Webull has to offer, however.

E-Trade has a $500 minimum account balance and will allow you to invest with as little as a few hundred dollars. E-Trade offers one of the most dynamic investing platforms available today. From executing orders as a day trader to having your investments managed for you, there is a tremendous amount of flexibility on the E-Trade platform.  

Investments: E-Trade allows you to invest a variety of different asset classes, funds and currencies. E-Trade investments: Stocks, bonds, ETFs, Mutual Funds, Forex, Options and Futures.

Managed Accounts/ E-Trade Capital Management: Active ongoing portfolio management by E-Trade. This is full-service portfolio management offered by E-Trade if you have a minimum account balance starting at $5,000. E-Trade will build a portfolio of ETFs and Mutual Funds that matches your risk, time horizon and goals. E-Trade will handle all the rebalancing of your account as well as tax management in your portfolio. There are 3 tiers of management, Core, Blend, and Dedicated…

Core Portfolio

  • Minimum $5,000 investment
  • 0.30% flat fee.
  • ETFs only
  • Tax Sensitive Portfolios
  • Socially Responsible Investments
  • Smart Beta Investments
  • Help from a managed account specialist

Blend Portfolio

  • Minimum $25,000 investment
  • 0.65%-0.90% blended annual fee
  • ETFs and Mutual Funds
  • Tax Sensitive Portfolios
  • Socially Responsible Investments
  • Smart Beta Investments
  • Help from a Financial Consultant and a managed account specialist

Dedicated Portfolio

  • Minimum $150,000 investment
  • 0.95%-1.25% blended annual fee
  • ETFs, Mutual Funds, Individual Stocks
  • Tax-sensitive portfolios
  • Tax loss harvesting
  • Socially Responsible Investments
  • Category and Security Restrictions
  • Ongoing one on one relationship with a financial consultant

Investment Assistance: E-Trade offers investment assistance through E-Trade Securities LLC. E-Trade will help you create an investment plan as well as help you manage your portfolio’s risk.

E*Trade Trading Platforms

E-Trade Web Platform – For most people, the E-Trade web-based platform has more than enough features and tools available to investors. You can research companies, use screeners, access to third-party research, news, live quotes, and charts.

Advanced Trading – OptionsHouse: E-Trade purchased investing company OptionsHouse in order to offer an advanced trading platform within their scope of service. You can trade stocks, options, ETFs, and currencies within OptionsHouse. You have the option to choose from idea generating ideas such as options chains or trading laters all with real-time data.

E*Trade OptionsHouse

Mobile App: The E-Trade mobile app is focused on a user friendly experience. We believe this mobile app could be one of the best and most dynamic out of all the investment platforms we have reviewed so far.

E*Trade Mobile App

E*Trade Account Fees

Stock Trades: $6.95/Trade ($4.95/Trade if you trade 30+ times per quarter)

Options Trades: $6.95/Trade + $0.75/Contract ($4.95/Trade when you trade 30+ times per quarter)

Mutual Funds: $19.99/trade

Commission Free ETFs: E-Trade offers over 250 commission free Exchange Traded Funds (ETFs) on their platform. As well as over 4,000 no-load mutual funds.

Account Types:

  • Individual Taxable
  • Joint Taxable
  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • Simple IRA
  • Coverdell
  • Trusts
  • Custodian
  • Solo 401(k)

The Verdict

E-Trade is a great platform for a variety of different investors and traders. We believe E-Trade may be one of the most dynamic platforms available today. As a full-service brokerage, there are many different approaches you can take when investing with E-Trade. We believe it is a great platform for an experienced investor. When compared to Webull, we believe the two platforms have many similarities. Both are great platforms for traders and for experienced investors. Webull has the advantage with completely free trading fees. This could be a game breaker, especially for investors who are fee sensitive or those who have smaller accounts.  

Webull Free Stock Promotion!

If you sign up via our link, you will get a free stock! You don’t need to fund the account to get the stock, you just have to open it.

Click Here To Open An Account With Webull!

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