The debate between Webull and Fidelity has been going on for years. Some people swear by Webull for its low fees and easy-to-use interface, while others prefer Fidelity for its wide range of investment options. So, which one is really better?
In this article, you will learn about the Webull vs Fidelity comparison, which includes their trading experience, fees, security, support, usability, investment options, and other criteria. Therefore, you can make your decision easily which platform you should choose to make an investment in. And make sure you are making a profit out of it.
It's going to be a neutral review. AtoZ Markets is in no way responsible for any opinions made by the writer.
About Webull
image source: Webull
Webull is a unique, user-friendly financial platform that provides free stock trading and analysis tools to individual investors. And it allows you to buy and sell stock along with exchange-traded funds commission-free and also gives access to real-time and insightful data tools.
Since its launch in 2017, Webull has grown to become one of the most popular financial platforms in the United States. More than 2 million users have registered for Webull accounts, and the platform has processed more than $1.5 billion in trades.
READ OUR FULL REVIEW OF WEBULL
About Fidelity
image credit: Fidelity
Fidelity Investments is one of the largest mutual fund companies in the world and offers a wide range of mutual funds, including actively managed funds, index funds, and exchange-traded funds (ETFs). The company also offers a variety of products and services for retirement planning, including 401(k) plans and individual retirement accounts (IRAs).
READ OUR COMPARISON FIDELITY vs VANGUARD
Webull vs Fidelity: Trading Experience
Both Webull and Fidelity offer commission-free trading, making them ideal choices for investors looking for a low-cost option. However, the trading experience offered by these two platforms varies greatly.
Desktop Platforms
Both Webull and Fidelity offer exceptional desktop trading experiences with robust features and tools. However, there are some key differences that investors should be aware of.
Features
Webull is a commission-free stock trading app that offers a wide range of features and benefits. Some of the key features include:
- Real-time stock quotes and charts
- Ability to place market, limit, and stop orders
- A wide range of investment options, including stocks, options, ETFs, and mutual funds
- 24/7 customer support
- User-friendly interface
Fidelity is a well-known and trusted name in the world of investing, with over $7 trillion in assets under management. In addition, they offer a wide range of features, including:
- 24/7 customer support
- Over 180 commission-free ETFs
- Access to a wide range of investment options, including stocks, options, ETFs, and mutual funds
- User-friendly interface
Layout
Webull's layout is extremely user-friendly. The main screen is dominated by a watch list, which is customizable and includes a variety of columns that can be sorted and filtered. The order ticket is also prominently displayed, making it easy to quickly enter and track orders. Also, the charting section is well-organized and easy to use.
Fidelity's layout is not as user-friendly as Webull's. For example, the watch list is not as customizable and does not include all of the same columns as Webull. The order ticket is also not as prominently displayed, and the charting area is not as well-organized.
Ease of Use
Webull has a much cleaner and user-friendly interface, for starters, making it easy to navigate and trade. In addition, Webull offers a wide range of technical indicators and charting tools, which is great for more experienced traders. Fidelity offers similar features but can be a bit more complicated to use.
Overall, both Webull and Fidelity offer excellent desktop trading experiences, but Webull is a bit easier to use and has no commissions. So, if you're looking for a user-friendly platform with a wide range of features, Webull is a great option.
Mobile Apps
There is no comparison between Webull and Fidelity when it comes to mobile trading. Webull's mobile app is incredibly user-friendly, making it easy for anyone to trade stocks and ETFs on the go. In addition, the app offers a wide range of features, including real-time quotes, market news and data, and powerful charting tools.
Fidelity's mobile app, on the other hand, is not nearly as user-friendly as Webull's. The navigation system is quite uncomfortable, and a lot of features are missing here. For example, Fidelity does not offer real-time quotes or market news and data on its app. And its charting tools are not nearly as powerful as the tools available on Webull's app.
Overall, Webull's mobile app is far superior to Fidelity's app when it comes to trading stocks and ETFs on the go.
Webull vs Fidelity: Usability
Fidelity's website is cluttered and difficult to navigate. In contrast, Webull's website is clean and easy to use. And, it will be a lot easier to find any information.
One of the biggest usability issues with Fidelity's website is the clutter. It has too many features and options on the screen. And that makes it harder to use and find any necessary information quickly. In contrast, Webull's website is clean and minimalist. And, navigating to any necessary features is pretty easy.
Another issue with Fidelity's website is the layout. The font size is not well-optimized for phones and tablets, and that makes it harder to use in smart screen devices. In contrast, Webull's website is designed for mobile devices. And, mobile-optimized helps to ensure better visibility on any device.
Overall, Webull is the clear winner when it comes to usability. Their website is clean, easy to use, and designed for mobile devices. Fidelity'sOn the other hand, the website is cluttered, difficult to navigate, and difficult to read on a phone or tablet.
Webull vs Fidelity: Fees
Webull is clearly better than Fidelity when you compare their online trading fees. But there is much to calculate in brokerage.
Trading Fees
Webull's commission schedule is simple: $0 for equity and ETF trades. Period. There are no hidden fees, no platform fees, no minimum account balance requirements, and no annual fees. Fidelity, on the other hand, has a more complicated commission schedule. For equity and ETF trades, Fidelity charges $4.95 per trade. However, if you have at least $50,000 in your account, you can trade commission-free.
But the real difference between Webull and Fidelity when it comes to trading fees is in the margin rates. Webull offers margin rates as low as 3.75%, while Fidelity's margin rates start at 6.25%. This means that if you want to borrow money to buy more stocks, Webull will charge you less interest than Fidelity.
So, if you're looking for a commission-free trading platform with low margin rates, Webull is the clear winner. Both brokers do not have minimum deposit.
Inactivity Fees
Webull does not charge any inactivity fees. This means that investors can go for long periods of time without trading, and they will not be charged any extra fees. On the other hand, Fidelity charges a $25 inactivity fee for each account that has been inactive for more than 12 months. This can add up quickly if an investor has multiple accounts with Fidelity.
There are a few reasons why Webull's no inactivity fee policy is a major advantage. First, it removes a major barrier to entry for new investors. Many people are hesitant to get involved in stock trading because they are worried about being charged extra fees if they don't trade frequently. Webull eliminates this concern, making it easier for people to get started.
Second, it encourages investors to stay engaged with the markets. Even if an investor is not actively trading, they can still benefit from keeping an eye on the markets and staying up-to-date on news and trends. If an investor is not actively trading with Fidelity, they can quickly fall behind and lose out on potential opportunities.
Overall, Webull's no inactivity fee policy is a major advantage. It makes the platform more accessible and encourages investors to stay engaged with the markets.
Non-Trading/ Other Fees
Neither Webull nor Fidelity charges a commission for buying or selling stocks or ETFs, but there are a few other fees to be aware of.
For example, Fidelity charges a $25 annual account fee, while Webull does not. Fidelity also charges a $0.65 per-transaction fee for mutual fund and bond trades, while Webull charges $0.00.
Webull vs Fidelity: Investment Options
Both offer multiple options such as stocks, options, mutual funds, and ETFs. However, there is more to discuss before making one of them a trading platform.
Webull is known for its user-friendly platform, making it a great choice for beginner investors. And it offers investment options, including stocks, options, mutual funds, and ETFs. Also, it allows doing trade margin, which is a great way to maximize your money.
On the other hand, Fidelity is also a great platform. And it also offers various investment options, including stocks, options, mutual funds, and ETFs. Also, trade margin is available in Fidelity too. However, Fidelity also offers a wide range of other services, including retirement planning and wealth management. So this can be a great choice for investors who want a one-stop shop for all their investment needs.
So, which one you should choose depends on your goal. In terms of investment options, Webull is for beginners, and Fidelity is better for having multiple features and services.
Fidelity vs Webull: Account types
Webull
Webull offers two account types: individual and joint. An individual account is perfect for a single person, while a joint account is great for married couples or partners. Both account types offer commission-free trading and a variety of investment options such as Roth and traditional IRAs, and SEP and SIMPLE IRAs, etc.
Fidelity
Fidelity offers a wider range of account types, including investment and trading, Brokerage Account, Managed Accounts, savings for retirements, trust, custodial, savings for child and many more. They also offer a range of options for each type of account, including traditional and Roth IRAs, 529 college savings plans, and 401(k) retirement plans.
When it comes to choosing an online broker, it's important to consider the account type that best suits your needs. For example, Webull offers two commission-free account types, while Fidelity offers a wider range of options.
Webull vs Fidelity: Regulation
Webull is subject to the rules and regulations of the SEC and FINRA. Also, regulated by SFC (Hong Kong Securities and Futures Commission). So, it ensures a good amount of protection of the users investment.
Fidelity is also a registered broker-dealer, and it is in good standing with the SEC and FINRA. However, it is also regulated by FCA ( Financial Conduct Authority) and authorized by Prudential Regulation Authority (PRA).
So, both companies are regulated by SEC and FINRA and ensure top-quality security and guarantee of your money. But, Fidelity is one step further by adding FCA and PRA regulation.
Webull vs Fidelity: Security
Webull is one of the most secure online investment platforms available. They use state-of-the-art security measures to protect your information, and they never store your passwords or account information on their servers. Also, you will get two-factor authentication security in Webull.
Fidelity is not that bad in security too. They ensure a variety of security measures to protect your account, along with two-factor authentication. However, they do store your passwords and account information on their servers, which could be a security risk.
Webull vs Fidelity: Research Tools
Starting with Webull, their research tools are all easily accessible from the main menu. The first tab, called "Research," offers a variety of research reports, including earnings releases, SEC filings, and analyst ratings. The "Ideas" tab provides a list of stocks that Wall Street analysts are recommending. And the "News" tab offers a variety of news sources, including Reuters, CNBC, and Fox Business.
Fidelity's research tools are a bit more scattered. The "Research" tab offers research reports, SEC filings, and analyst ratings. The "Investment Ideas" tab provides a list of stocks Wall Street analysts recommend. The "Tools & Resources" tab offers a variety of research tools, including a stock screener, bond screener, and options screener. And the "News" tab offers a variety of news sources, including Reuters, CNBC, and Fox Business.
So, Webull or Fidelity, which brokerage is better when it comes to research tools? It depends on what you are looking for. If you are looking for various research reports, SEC filings, and analyst ratings, then Webull is the better choice. On the other hand, Fidelity is the better choice if you are looking for research tools such as a stock screener, bond screener, and options screener.
Webull vs Fidelity: Support
In terms of customer support, Webull and Fidelity are both very comparable. They offer customer support through their websites, apps, and emails, and they have a wealth of resources available on their websites for customers to access. Yet, they have some differences.
First of all, Webull has a blog that is updated regularly with new content. And, it is a great resource for customers, as it offers helpful tips and advice on using the Webull app, investing, and more. Unfortunately, Fidelity does not have that.
But, Fidelity offers customer support through phone calls. This can be helpful for customers who need assistance with their account or have questions that they need to be answered quickly. Unfortunately, Webull does not offer customer support through phone calls.
Overall, both Webull and Fidelity offer great customer support options. They have websites, apps, and emails where customers can get help, and they have a wealth of resources available on their websites. However, Webull offers a blog that is updated regularly with new content, while Fidelity does not. Additionally, Fidelity offers customer support through phone calls, which Webull does not.
Is Webull better than Fidelity?
Fidelity is a full-service brokerage that offers a wide range of products and services, including individual and joint brokerage accounts, retirement accounts, options trading, and more. Fidelity also offers a wide range of investment options, including mutual funds, ETFs, individual stocks and bonds, and more.
Webull, on the other hand, is a commission-free stock brokerage that specializes in offering low-cost investment options. Webull offers a limited range of products and services, including individual and joint brokerage accounts, options trading, and more. However, Webull offers a much wider range of investment options than Fidelity, including stocks, ETFs, options, and more.
So, which is better? It depends on what you are looking for. Fidelity is a good option if you are looking for a full-service brokerage with various products and services. On the other hand, if you are looking for a commission-free stock brokerage that offers multiple investment options, Webull is a better option.
Conclusion
So that was the Webull vs Fidelity Comparison. I hope you've got enough information to make your decision.
In our view, Fidelity is a great choice for investors who want a lot of hand-holding and guidance, as well as access to a wide range of investment options. However, their fees can be on the high side.
Webull is a great choice for more investors who are looking for low fees and a wide range of investment options. They don't offer as much hand-holding as Fidelity, but they do have a very user-friendly platform.
In the end, it comes down to what's important to you. If you want guidance and access to a lot of investment options, go with Fidelity. If you want low fees and a lot of flexibility, go with Webull.