Webull versus TD Ameritrade

Webull continues to expand its trader base but remains a newcomer on the brokerage scene. TD Ameritrade remains a stalwart among brokers across the US, combining high-quality online trading services with its brick-and-mortar financial advisory business, now part of Charles Schwab. TD Ameritrade presents traders with superior trading platforms, desktop clients and mobile apps, and high-quality trading tools, missing at Webull.

Both brokers offer IRA accounts, but TD Ameritrade has a notably broader choice of trading instruments, allowing traders and investors to achieve in-depth cross-asset diversification. It also maintains quality research and education, where Webull, as an execution-only broker, focuses on lower trading costs and order execution. TD Ameritrade also supports algorithmic trading and offers managed portfolios, absent at Webull.

We have conducted an in-depth review of Webull and TD Ameritrade to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Webull versus TD Ameritrade - Verdict

Features and Platforms

Features & Platforms	TD Ameritrade (visit site)	Webull (visit site)
Headquarter:	US	US
Established :	1971	2017
Retail Loss Rate:	Undisclosed	Undisclosed
Regulation:
Minimum Deposit:	$0	$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:		Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	4	2
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:		Undisclosed
Bonuses and Promotions:
Unique Feature One:	Choice of trading platforms	Excellent order execution
Unique Feature Two:	Brick-and-mortar broker	Low trading costs
Broker Offers:	See what TD Ameritrade offers	See what Webull offers

Noteworthy:

Following its 2020 acquisition by Charles Schwab, TD Ameritrade became the US leader for self-directed investors and traders. Webull remains highly popular among millennial and GenZ traders with its mobile-centric approach.

Available Markets

Webull presents traders with almost 15,000 equities listed in the US, Canada, and Hong Kong and features 48 cryptocurrencies. The overall asset selection at TD Ameritrade remains significantly broader across all sectors except for cryptocurrencies. TD Ameritrade also offers mutual funds, managed accounts, bonds, and annuities, but both brokers offer IPO trading.

Typical Spreads and Fees

Both brokers offer commission-free trading, but TD Ameritrade only applies it for US-listed equities and ETFs. Otherwise, a commission of $6.95 applies for equities, and options traders pay $0.65 per contract. Regulatory and exchange charges apply at Webull and TD Ameritrade. Webull offers low financing costs, with a maximum of 6.99% versus an excessive 9.50% at TD Ameritrade.