Tradestation vs WeBull Comparison: Fees, Features, and More (2026)
Tradestation and WeBull are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.
| Feature | Tradestation | WeBull |
|---|---|---|
| Website | https://www.tradestation.com/ | https://www.webull.com/ |
| Broker Type | Discount | Discount |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0; routing/clearing fees may apply | $0 commission; regulatory fees may apply |
| Fractional Shares? | No | Yes; eligible U.S. stocks and ETFs |
| Percent Allocations? | No | Yes; Portfolio Blueprint |
| Crypto Trading? | Yes | Yes |
| Crypto Fees | Tiered maker/taker pricing based on account balance | 1% spread (stablecoins exempt) |
| Options Trading? | Yes | Yes |
| Options Fee | $0.80/contract standard tier; $0.40/contract multi-leg | $0; $0.50/contract for certain index options |
| Bond Trading Available? | Yes; Treasuries, corporate, and municipal bonds | Yes; U.S. Treasury and corporate bonds |
| Receives payment for order flow (PFOF)? | Yes | Yes |
| Interface: Web trading? | Yes | Yes |
| Desktop trading? | Yes; TradeStation Desktop/Web/Mobile | Yes; Webull Desktop |
| API Trading? | Yes; TradeStation WebAPI and FIX APIs | Yes; Webull Open API |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | Over 2,000 | Not publicly stated; availability varies |
| NTF Mutual Funds | Not publicly stated | None stated; money-market funds exempt |
| Non-NTF Fund Fee | $14.95 | Lesser of 3% or $14.95 |
| Early Redemption Fee? | Varies by fund | Yes; no short-term redemption-fee funds currently |
| Redemption Hold (Days) | Fund-specific | None currently |
| Early Redemption Fee | Fund-specific | None from Webull; fund-specific terms may apply |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes; Traditional, Roth, SEP, SIMPLE, and Rollover | Yes; Traditional, Roth, and Rollover |
| HSAs Offered? | No | No |
| Money Market Sweep? | No | Yes; Webull Cash Management FDIC bank sweep |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | No | Yes |
| Robo-Advisor Service | None | Webull Advisors |
| Robo-Advisor Fees | Not applicable | 0.15%-0.30% annually (0.20% diversified example) |
| Basics: Headquarters | Plantation, FL | St. Petersburg, FL |
| Year Founded | 1982 | 2017 |
| Clearing Firm | TradeStation Securities, Inc. (self-clearing) | Apex Clearing Corporation |
| Local Branches? | No; corporate offices only | No; corporate offices only |
| New Account Minimum | $0 |
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