TD Ameritrade vs. Webull: Which Broker Is Right for You?
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TD Ameritrade has been acquired by Charles Schwab, and the company expects all accounts to be transitioned by the end of 2024. We've kept this page covering TD Ameritrade for historical purposes.
TD Ameritrade and Webull are two of our top-rated brokers, but there are some big differences between the two that investors should be aware of before signing up. In this TD Ameritrade vs. Webull comparison, we'll take a closer look at the key similarities and differences investors need to know to see if one of them might be a good fit.
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Rating
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Rating
Rating image, 5.0 out of 5 stars.
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
| Commissions |
Commissions |
Commissions |
| Account Minimum |
Account Minimum |
Account Minimum |
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When it comes to commissions and fees, TD Ameritrade and Webull both offer zero-commission online stock trades, just like most of the brokerage industry. Neither charges an account maintenance fee, and the fee to transfer a stock account to another broker is $75 at both. But that's where the similarities end.
Both brokers offer options trading, but Webull is one of the only places where you can trade options with no commissions. On the other hand, TD Ameritrade charges a $0.65 fee per options contract traded, which is more in line with what many brokers charge.
READ MORE: Best Options Trading Platforms
TD Ameritrade currently doesn't offer cryptocurrency trading, while Webull does. And while Webull doesn't charge a "fee," the company makes it clear that there is a 1% markup priced into each order.
On the other hand, Webull doesn't allow mutual fund investing. And while TD Ameritrade's standard mutual fund commission of $49.95 is a bit on the high side, there are thousands of mutual funds available through the platform with no transaction fee.
| TD Ameritrade | Webull | |
|---|---|---|
| Stock & ETF Commissions | $0 | $0 |
| Options Commissions | $0 + $0.65 per contract | $0 |
| Crypto Commissions | N/A | 1% |
| Mutual Fund Commissions | $49.95 (thousands for free) | N/A |
| Account Transfer Fee | $75 (full only) | $75 |
| Account Maintenance Fee | $0 | $0 |
As alluded to in the previous section, both TD Ameritrade and Webull offer stocks, ETFs, and options on their platforms, but beyond that there are very different offerings. Let's start with what TD Ameritrade offers that Webull doesn't.
TD Ameritrade offers:
You can even trade foreign currencies through the broker's highly rated thinkorswim trading platform.
LEARN MORE: Best Online Stock Brokers for Beginners
On the other hand, Webull offers a few investment products that aren't available on TD Ameritrade. For stock investors, Webull allows fractional share trading, which can be a big perk to newer investors. However, it's worth noting that TD Ameritrade has been officially acquired by Schwab, which does offer fractional share trading, so at some point in the not-too-distant future, it likely should be available.
Webull also offers cryptocurrency trading, and with a greater variety than most of its peers. There are currently 25 digital currencies available to trade on Webull's platform, and the company plans to add more over time.
| TD Ameritrade | Webull | |
|---|---|---|
| Stocks and ETFs | Yes | Yes |
| Fractional Shares | No | Yes |
| Options | Yes | Yes |
| Mutual Funds | Yes (more than 13,000) | No |
| CDs | Yes | No |
| Bonds | Yes | No |
| Futures | Yes | No |
| Crypto | No | Yes |
| Currencies (Forex) | Yes | No |
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2025.
| Broker | Best For | Commissions | Learn More |
|---|---|---|---|
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Managing your finances under one roof | $0 for stocks,¹ $0 for options contracts⁴ |
Learn More for SoFi Active Investing
On SoFi Active Investing's Secure Website. |
Rating image, 4.0 out of 5 stars.
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Low mutual fund fees. | $0 per trade |
Learn More for J.P. Morgan Self-Directed Investing
On J.P. Morgan Self-Directed Investing's Secure Website. |
Rating image, 4.5 out of 5 stars.
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Low fees on stocks, ETFs, crypto, and options | $0 for stocks, ETFs, and options |
Learn More for Robinhood
On Robinhood's Secure Website. |
Aside from having its own branded credit card, TD Ameritrade allows investors to open virtually any type of account they want. In addition to standard individual or joint taxable brokerage accounts, TD Ameritrade has a robo-advisory platform, and also offers a range of retirement accounts. For parents and others who want to open accounts for minors, TD Ameritrade offers custodial accounts (UGMA/UTMA) as well as 529 college savings accounts and Coverdell ESAs. It also offers a variety of specialty accounts, such as trusts and investment accounts for businesses.
LEARN MORE: Best Robo-Advisors
On the banking side, TD Ameritrade offers an interest-bearing cash management account that can have a debit card issued for purchases and ATM withdrawals. And while TD Ameritrade doesn't technically offer a checking account, investors can apply for check-writing privileges to write checks directly from their brokerage account's cash balance.
On the other hand, Webull's account options are far more limited, which is one of the biggest differences between the two brokers. For one thing, Webull only offers individual brokerage accounts, so if you want to open an account with someone else, like your spouse, you'll have to look elsewhere. Webull supports retirement accounts, but only traditional and Roth IRAs, and it doesn't offer custodial, college saving, trust, or other account types. And unlike many of its peers, it doesn't have a cash management account.
READ MORE: Best IRA Accounts
It's worth mentioning that while both of these brokers offer margin accounts, Webull has much lower margin interest rates. Webull's highest margin interest rate as of the summer of 2022 was 6.99%, while TD Ameritrade's was 11.00%. If you regularly use margin, this can make a big difference over time.
| TD Ameritrade | Webull | |
|---|---|---|
| Taxable Brokerage | Yes | Yes |
| Joint Tenant | Yes | No |
| Margin | Yes | Yes |
| Robo-Advisor | Yes, TD Ameritrade Essential Portfolios Review | No |
| Traditional IRA | Yes | Yes |
| Roth IRA | Yes | Yes |
| Other IRA | Yes (SEP IRA, Solo 401(k), Simple IRA, other pension or profit plans) | No |
| Custodial | Yes (UGMA/UTMA, 529 college savings accounts, Coverdell ESAs) | No |
| Checking | No, but you can write checks on brokerage account | No |
| Savings | Yes | No |
| Credit Card | Yes | No |
Both have well-rated apps that are very functional and easy to use. TD Ameritrade holds ratings of 4.5 and 3.4 out of 5 stars on the App Store and Google Play store, respectively. And Webull's ratings are somewhat better at 4.7 and 4.5.
TD Ameritrade offers the top-notch thinkorswim trading app for more sophisticated investors, which is especially well known for its options and foreign exchange trading capabilities. It has App Store and Google Play ratings of 4.7 and 3.8, respectively.
Prospective customers can test drive the trading platforms of both TD Ameritrade and Webull with fully functional "play money" demo accounts. So, the best way to decide what works best for you might be to try each platform out.
If you want to invest in mutual funds or bonds, Webull isn't the place for you. Conversely, if you want the ability to buy fractional shares of your favorite stocks, or if cryptocurrencies are a part of your investment strategy, TD Ameritrade isn't the best option for you.
On the other hand, if both of these brokers offer the investment products, account types, and features you're looking for, it depends which is a better fit for you. Both are among our favorite overall brokers, so either one could be a good option for your investing journey.
On Webull's Secure Website.
2025 Award Winner
Webull is a standout mobile investing app. You can access advanced trading tools on desktop and mobile. Basic trades are commission-free, so it's competitive with similar apps. The mobile app offers Lite mode, a simpler interface for beginner investors. Consider opening a Webull account for its advanced toolset, more powerful than its closest competitors'.
$0 per trade
$0
On Webull's Secure Website.
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Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.
Investing is risky. Bonus offers subject to terms and conditions, visit robinhood.com/hoodweek for more information. Margin is not suitable for all investors. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee. Brokerage services offered through Robinhood Financial LLC (member SIPC), a registered broker dealer.
SoFi Disclosure:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
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J.P Morgan Disclosure
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
