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Written by StockBrokers.com
January 31, 2024
Is tastytrade better than Webull? After testing 18 of the best online brokers, our analysis finds that tastytrade (84.9%) is better than Webull (84.9%). Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.
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- check_box_outline_blankcheck_boxAlly Invest
- check_box_outline_blankcheck_boxCharles Schwab
- check_box_outline_blankcheck_boxCiti Self Invest
- check_box_outline_blankcheck_boxE*TRADE
- check_box_outline_blankcheck_boxeToro
- check_box_outline_blankcheck_boxFidelity
- check_box_outline_blankcheck_boxFirstrade
- check_box_outline_blankcheck_boxInteractive Brokers
- check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
- check_box_outline_blankcheck_boxMerrill Edge
- check_box_outline_blankcheck_boxPublic.com
- check_box_outline_blankcheck_boxRobinhood
- check_box_outline_blankcheck_boxSoFi Invest
- check_box_outline_blankcheck_boxtastytrade
- check_box_outline_blankcheck_boxTD Ameritrade
- check_box_outline_blankcheck_boxTradeStation
- check_box_outline_blankcheck_boxTradier
- check_box_outline_blankcheck_boxVanguard
- check_box_outline_blankcheck_boxWebull
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Overall Rating | tastytrade | Webull | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Webull Review |
Broker Screenshots | tastytrade | Webull | |
---|---|---|---|
Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | tastytrade | Webull | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC)info | N/A | N/A | |
Mutual Fund Trade Fee | N/A info | N/A | |
Options (Per Contract) | $0.50 info | $0.00 | |
Futures (Per Contract) | $1.25 | (Not offered) | |
Broker Assisted Trade Fee | $0 | N/A |
Margin Rates | tastytrade | Webull | |
---|---|---|---|
Margin Rate Under $25,000 | 11% | 9.74% | |
Margin Rate $25,000 to $49,999.99 | 10.5% | 9.24% | |
Margin Rate $50,000 to $99,999.99 | 10% | 9.24% | |
Margin Rate $100,000 to $249,999.99 | 9.5% | 8.74% | |
Margin Rate $250,000 to $499,999.99 | 9% | 8.24% | |
Margin Rate $500,000 to $999,999.99 | 8.5% | 7.24% | |
Margin Rate Above $1,000,000 | 8% | 6.74% info |
Account Fees | tastytrade | Webull | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $60.00 | $0.00 | |
Account Transfer Out (Partial)info | $75.00 | $75.00 | |
Account Transfer Out (Full)info | $75.00 | $75.00 | |
Options Exercise Fee | $5.00 | $0.00 | |
Options Assignment Fee | $5.00 | $0.00 |
Investment Options | tastytrade | Webull | |
---|---|---|---|
Stock Tradinginfo | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Sharesinfo | Yes info | Yes | |
OTC Stocksinfo | No | Yes | |
Options Tradinginfo | Yes | Yes | |
Complex Options Max Legsinfo | 4 | 4 | |
Futures Tradinginfo | Yes | Yes | |
Forex Tradinginfo | No | No | |
Crypto Tradinginfo | Yes | Yes | |
Crypto Trading - Total Coinsinfo | 8 | 44 | |
Mutual Funds (No Load)info | 0 | 0 | |
Mutual Funds (Total)info | 0 | 0 | |
Bonds (US Treasury)info | No info | No | |
Bonds (Corporate)info | No | No | |
Bonds (Municipal)info | No | No | |
Traditional IRAsinfo | Yes | Yes | |
Roth IRAsinfo | Yes | Yes | |
Advisor Servicesinfo | No | No | |
International Countries (Stocks)info | 0 | 0 |
Order Types | tastytrade | Webull | |
---|---|---|---|
Order Type - Marketinfo | Yes | Yes | |
Order Type - Limitinfo | Yes | Yes | |
Order Type - After Hoursinfo | Yes | Yes | |
Order Type - Stopinfo | Yes | Yes | |
Order Type - Trailing Stopinfo | No | Yes | |
Order Type - OCOinfo | Yes | Yes | |
Order Type - OTOinfo | Yes | Yes | |
Order Type - Broker Assistedinfo | Yes | No |
Beginners | tastytrade | Webull | |
---|---|---|---|
Education (Stocks)info | Yes | Yes | |
Education (ETFs)info | Yes | Yes | |
Education (Options)info | Yes | Yes | |
Education (Mutual Funds)info | No | No | |
Education (Bonds)info | No | No | |
Education (Retirement)info | No | No | |
Retirement Calculatorinfo | No | No | |
Investor Dictionaryinfo | Yes | Yes | |
Paper Tradinginfo | No | Yes | |
Videosinfo | No | No | |
Webinarsinfo | Yes | No | |
Webinars (Archived)info | Yes | No | |
Progress Trackinginfo | No | Yes | |
Interactive Learning - Quizzesinfo | No | Yes |
Stock Trading Apps | tastytrade | Webull | |
---|---|---|---|
iPhone Appinfo | Yes | Yes | |
Android Appinfo | Yes | Yes | |
Apple Watch Appinfo | No | Yes | |
Trading - Stocksinfo | Yes | Yes | |
Trading - After-Hoursinfo | Yes | Yes | |
Trading - Simple Optionsinfo | Yes | Yes | |
Trading - Complex Optionsinfo | Yes | Yes | |
Order Ticket RT Quotesinfo | Yes | Yes | |
Order Ticket SRT Quotesinfo | Yes | Yes |
Stock App Features | tastytrade | Webull | |
---|---|---|---|
Market Movers (Top Gainers)info | Yes | Yes | |
Stream Live TVinfo | No | No | |
Videos on Demandinfo | No | No | |
Stock Alertsinfo | No | Yes | |
Option Chains Viewableinfo | Yes | Yes | |
Watch List (Real-time)info | Yes | Yes | |
Watch List (Streaming)info | Yes | Yes | |
Watch Lists - Create & Manageinfo | Yes | Yes | |
Watch Lists - Column Customizationinfo | Yes | No | |
Watch Lists - Total Fieldsinfo | 33 | 35 |
Stock App Charting | tastytrade | Webull | |
---|---|---|---|
Charting - After-Hoursinfo | Yes | Yes | |
Charting - Can Turn Horizontallyinfo | Yes | Yes | |
Charting - Multiple Time Framesinfo | Yes | Yes | |
Charting - Technical Studiesinfo | 0 | 56 | |
Charting - Study Customizationsinfo | No | Yes | |
Charting - Stock Comparisonsinfo | No | Yes |
Trading Platforms | tastytrade | Webull | |
---|---|---|---|
Active Trading Platforminfo | tastytrade | N/A | |
Desktop Trading Platforminfo | Yes | Yes | |
Desktop Platform (Mac)info | Yes | Yes | |
Web Trading Platforminfo | Yes | Yes | |
Paper Tradinginfo | No | Yes | |
Trade Journalinfo | No | No | |
Watch Lists - Total Fieldsinfo | 33 | 35 |
Stock Chart Features | tastytrade | Webull | |
---|---|---|---|
Charting - Adjust Trades on Chartinfo | Yes | Yes | |
Charting - Indicators / Studiesinfo | 308 | 52 | |
Charting - Drawing Toolsinfo | 31 | 19 | |
Charting - Notesinfo | Yes | Yes | |
Charting - Index Overlaysinfo | Yes | Yes | |
Charting - Historical Tradesinfo | Yes | Yes | |
Charting - Corporate Eventsinfo | Yes | Yes | |
Charting - Custom Date Rangeinfo | No | No | |
Charting - Custom Time Barsinfo | No | No | |
Charting - Automated Analysisinfo | No | Yes | |
Charting - Save Profilesinfo | Yes | Yes | |
Trade Ideas - Technical Analysisinfo | No | No | |
Charting - Study Customizationsinfo | 7 | 2 | |
Charting - Custom Studiesinfo | Yes | Yes |
Day Trading | tastytrade | Webull | |
---|---|---|---|
Streaming Time & Salesinfo | No | Yes | |
Streaming TVinfo | Yes | No | |
Direct Market Routing - Stocksinfo | No | No | |
Ladder Tradinginfo | Yes | Yes | |
Trade Hot Keysinfo | No | Yes | |
Level 2 Quotes - Stocksinfo | No | Yes | |
Trade Ideas - Backtestinginfo | No | No | |
Trade Ideas - Backtesting Advinfo | No | No | |
Short Locatorinfo | Yes | No | |
Order Liquidity Rebatesinfo | No | No |
Research Overview | tastytrade | Webull | |
---|---|---|---|
Research - Stocksinfo | Yes | Yes | |
Research - ETFsinfo | Yes | Yes | |
Research - Mutual Fundsinfo | No | No | |
Research - Pink Sheets / OTCBBinfo | No | Yes | |
Research - Bondsinfo | No | No | |
Screener - Stocksinfo | No | Yes | |
Screener - ETFsinfo | No | No | |
Screener - Mutual Fundsinfo | No | No | |
Screener - Bondsinfo | No | No | |
Misc - Portfolio Allocationinfo | Yes | No |
Stock Research | tastytrade | Webull | |
---|---|---|---|
Stock Research - PDF Reportsinfo | 0 | 0 | |
Stock Research - Earningsinfo | No | Yes | |
Stock Research - Insidersinfo | No | Yes | |
Stock Research - Socialinfo | No | Yes | |
Stock Research - Newsinfo | Yes | Yes | |
Stock Research - ESGinfo | No | No | |
Stock Research - SEC Filingsinfo | No | Yes |
ETF Research | tastytrade | Webull | |
---|---|---|---|
ETFs - Strategy Overviewinfo | No | Yes | |
ETF Fund Facts - Inception Dateinfo | No | Yes | |
ETF Fund Facts - Expense Ratioinfo | No | Yes | |
ETF Fund Facts - Net Assetsinfo | No | Yes | |
ETF Fund Facts - Total Holdingsinfo | No | Yes | |
ETFs - Top 10 Holdingsinfo | No | No | |
ETFs - Sector Exposureinfo | No | Yes | |
ETFs - Risk Analysisinfo | Yes | No | |
ETFs - Ratingsinfo | No | Yes | |
ETFs - Morningstar StyleMapinfo | No | No | |
ETFs - PDF Reportsinfo | No | No |
Mutual Fund Research | tastytrade | Webull | |
---|---|---|---|
Mutual Funds - Strategy Overviewinfo | No | No | |
Mutual Funds - Performance Chartinfo | No | No | |
Mutual Funds - Performance Analysisinfo | No | No | |
Mutual Funds - Prospectusinfo | No | No | |
Mutual Funds - 3rd Party Ratingsinfo | No | No | |
Mutual Funds - Fees Breakdowninfo | No | No | |
Mutual Funds - Top 10 Holdingsinfo | No | Yes | |
Mutual Funds - Asset Allocationinfo | No | No | |
Mutual Funds - Sector Allocationinfo | No | No | |
Mutual Funds - Country Allocationinfo | No | No | |
Mutual Funds - StyleMapinfo | No | No |
Options Trading | tastytrade | Webull | |
---|---|---|---|
Option Chains - Basic Viewinfo | Yes | Yes | |
Option Chains - Strategy Viewinfo | Yes | Yes | |
Option Chains - Streaminginfo | Yes | No | |
Option Chains - Total Columnsinfo | 20 | 23 | |
Option Chains - Greeksinfo | 5 | 5 | |
Option Chains - Quick Analysisinfo | Yes | Yes | |
Option Analysis - P&L Chartsinfo | Yes | Yes | |
Option Probability Analysisinfo | Yes | Yes | |
Option Probability Analysis Advinfo | Yes | Yes | |
Option Positions - Greeksinfo | Yes | Yes | |
Option Positions - Greeks Streaminginfo | Yes | No | |
Option Positions - Adv Analysisinfo | Yes | No | |
Option Positions - Rollinginfo | Yes | No | |
Option Positions - Groupinginfo | Yes | No |
Banking | tastytrade | Webull | |
---|---|---|---|
Bank (Member FDIC)info | No | No | |
Checking Accountsinfo | No | No | |
Savings Accountsinfo | No | No | |
Credit Cardsinfo | No | No | |
Debit Cardsinfo | No | No | |
Mortgage Loansinfo | No | No |
Customer Service | tastytrade | Webull | |
---|---|---|---|
Phone Support (Prospect Customers)info | Yes | Yes | |
Phone Support (Current Customers)info | Yes | Yes | |
Email Supportinfo | Yes | Yes | |
Live Chat (Prospect Customers)info | Yes | No | |
Live Chat (Current Customers)info | Yes | No | |
24/7 Supportinfo | No | Yes |
Overall | tastytrade | Webull | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Webull Review |
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tastytrade vs Webull Comparison
Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.
Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare tastytrade vs Webull.
Is tastytrade or Webull better for beginners?
In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.
For 2024, our review finds that tastytrade offers more comprehensive new investor education for beginning investors than Webull. tastytrade offers investors access to Education (Stocks), Education (ETFs) and Education (Options), while Webull offers investors access to Paper Trading, Education (Stocks), Education (ETFs) and Education (Options). Neither have Videos, Education (Mutual Funds), Education (Bonds) and Education (Retirement).
What about tastytrade vs Webull pricing?
tastytrade and Webull charge the same amount for regular stock trades, $0.00. Option contracts are pricier at tastytrade, costing $0.50 per contract versus $0.00 per contract at Webull. For futures, tastytrade charges $1.25 per contract and Webull charges (Not offered) per contract. For a deeper dive, see our best brokers for free stock trading or options trading guides.
Does tastytrade or Webull offer a wider range of investment options?
Looking at a full range of investment options, including order types and international trading, our research has found that tastytrade offers a more comprehensive offering than Webull. tastytrade ranks #11 out of 18 brokers for our Investment Options category, while Webull ranks #12.
tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading, while Webull offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks and Futures Trading. Neither have Mutual Funds, Forex Trading and Advisor Services. Looking at Mutual Funds, tastytrade and Webull both provide customers access to 0 no transaction fee (NTF) mutual funds.
Do tastytrade and Webull offer cryptocurrency?
In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that both tastytrade and Webull offer crypto trading.
Which trading platform is better: tastytrade or Webull?
To compare the day trading platforms of tastytrade and Webull, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, tastytrade offers a better experience.
Does tastytrade or Webull offer a better stock trading app?
After testing 25 features across the stock trading apps of tastytrade and Webull, we found Webull to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. tastytrade ranks #10 out of 18 brokers, while Webull ranks #7.
tastytrade Trading App Gallery
Webull Trading App Gallery
Which broker is better for researching stocks?
For research, Webull offers superior market research than tastytrade. tastytrade ranks #13 and Webull ranks #11.
Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.
How do tastytrade and Webull compare in terms of minimum deposit required?
tastytrade requires a minimum deposit of $0.00, while Webull requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.
Which broker offers better margin rates for accounts under $25,000?
tastytrade charges 11% for accounts under $25,000 while Webull charges a margin rate of 9.74%. The industry average of the 18 brokers we track is 9%.
Does tastytrade offer fractional shares? Does Webull?
tastytrade and Webull allow traders to trade fractional shares. Our research has found that 46% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.
Can you trade penny stocks with tastytrade or Webull?
tastytrade offers clients access to penny stock trading while Webull does not. tastytrade charges N/A per trade. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Neither tastytrade nor Webull offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. Neither have Mortgage Loans.
Which broker offers stronger customer service?
StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.
Tastytrade was rated 10th out of 13 brokers, with an overall score of 7.37 out of 10.
Webull was rated 13th out of 13 brokers, with an overall score of 4.42 out of 10.
Is tastytrade good?
Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.
In the 2024 StockBrokers.com Annual Awards, tastytrade placed No. 1 for Options Trading, Futures Trading, Desktop Options Trading Platform, and Desktop Futures Trading Platform. It placed among Best in Class for Commissions & Fees, Investor Community, and Day Trading.
Is Webull good?
Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.
In the 2024 StockBrokers.com Annual Review, Webull ranked No. 1 for Paper Trading. It placed among Best in Class for Investor Community.
tastytrade vs Webull Winner
Overall winner: tastytrade
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Disclosure: *The $4,000 bonus offer is available with a $500,000 to $999,999 deposit. Visit info.tastytrade.com/tasty-offer for full details, terms, conditions, and restrictions. Offer expires 03/31/2024. tastytrade, Inc. is a registered broker-dealer and member of FINRA, NFA, and SIPC.
*Webull Disclaimer View Disclaimer.