Webull and thinkorswim are both designed for active traders. You will find more advanced tools and features with thinkorswim, but Webull has a more user friendly experience.
Is TD Ameritrade better than Webull? After testing 11 of the best online brokers over three months, TD Ameritrade (100%) is better than Webull (65.17%). ... This outstanding all-around experience makes TD Ameritrade our top overall broker in 2021.
Webull only lets you buy and sell equities, ETFs, options, and cryptocurrency — not available at TD Ameritrade. You can trade so much more on TD Ameritrade: stock, bonds, ETFs, mutual funds, options, futures, forex, foreign ADRs, and IPOs for qualified accounts.
Thinkorswim and its parent brokerage company, TD Ameritrade, do not have annual account fee or monthly service charges.
Webull is headquartered in New York but is owned by Fumi Technology, a Chinese holding company that has received backing from Xiaomi and other private equity investors in China. Wang owns a 35% stake in Webull's parent, Fumi Technology, according to Bloomberg.
Webull and Robinhood have many similarities, but there's one major difference: Webull offers more sophisticated trading features geared toward intermediate and advanced traders, while Robinhood provides a bare-bones trading platform for new investors looking for a streamlined experience.
Webull has some of the lowest fees among brokerages, without skimping on advanced trading tools. Despite the low costs, it may not be the best brokerage for beginners.
Webull has no fees or commissions on any stock or ETF trade. All you'll pay is the spread and SEC transaction cost, which are fractions of a penny. You can transfer money in and out of your account with no fees using ACH, although domestic wire transfers cost $8 per deposit and $25 per withdrawal.
To initiate an ACH withdrawal:
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