As online stock trading becomes increasingly popular, Fidelity and Webull have emerged as two of the top choices for investors. Both platforms offer $0 commission trading, extensive research tools, and easy-to-use mobile apps. However, there are some key differences between fidelity investments and webull that investors should consider. This article will provide an in-depth comparison of the two platforms across several factors like fees, investment choices, research capabilities and more. By understanding the strengths and weaknesses of each brokerage, investors can make an informed decision on which platform better suits their needs.
Fidelity Offers a Wider Variety of Investment Products
Fidelity allows investors to trade stocks, ETFs, options, bonds and mutual funds commission-free. With over 3,000 mutual funds, Fidelity offers one of the largest fund selections in the industry. The broker also provides access to IPOs and foreign stocks. In contrast, Webull currently only supports trading of stocks, ETFs and options. For investors looking to diversify their portfolio beyond stocks and funds, Fidelity provides more investment choices.
Webull’s Trading Platform Is More User-Friendly for New Investors
Webull is frequently rated as having one of the best trading platforms for novice investors. It provides virtual paper trading capabilities, educational resources and an intuitive mobile app. Webull’s charts and screening tools also make it easy for new traders to conduct research and execute trades. Fidelity’s platforms can be more overwhelming for beginners, with numerous features spread across its website, Active Trader Pro desktop platform and mobile apps.
Fidelity Offers Investor-Focused Research and Planning Tools
For fundamental research, Fidelity is hard to beat. The broker provides its own analysts’ reports, third-party research from Recognia and Morningstar, and an array of screening tools. Fidelity also offers portfolio analysis, a robo-advisor service and financial planning resources that can appeal to long-term, buy-and-hold investors. While Webull has decent charting and analysis tools, its research capabilities do not match Fidelity.
Webull’s $0 Commissions Extend to Margin Trading and Options
A key advantage of Webull is that all stock and ETF trades are commission free with no account minimums. Importantly, $0 commissions also apply to margin trading and options contracts. Meanwhile, Fidelity requires a $2,500 minimum to qualify for $0 stock and ETF trades, and options contracts are $0.65 each. For active traders utilizing margin and options, Webull provides more value.
Fidelity Offers Physical Branch Access for Personalized Support
Fidelity operates hundreds of brick-and-mortar Investor Centers across the U.S. where customers can receive face-to-face support. Having access to in-person representatives can provide peace of mind for some investors. In contrast, Webull only offers customer service through online chat, phone, and email. However, Webull’s customer support receives high ratings from users.
In summary, Fidelity excels in the depth of tradable assets, long-term planning capabilities and investor research. But Webull offers an easier platform for beginners and $0 commissions across all trade types. Investors should weigh factors like investment needs, trading activity, platform preference and costs when deciding between these two excellent stock brokerages.