Webull has probably been the first investing and active trading app that you’ve heard about. It boasts of zero-commission trades, sophisticated charting software, and a smooth interface, making it a favorite among technology-focused traders. Nevertheless, the choice is not confined to that. There are lots of strong applications to choose such as Webull, even though you want to have additional functionality, another interface, or certain investment tools. We will discuss Best Trades to Learn options that have distinct benefits, including beginner-friendly websites and professional trading platforms, in this article to help you find an option that fits your needs the most.
Robinhood
One of the most popular options instead of Webull is Robinhood that provides its clients with a chance to trade stocks, ETFs, and cryptocurrencies commission-free. It is also distinctive with its mobile interface that is user-friendly and is therefore suitable to novice investors. Fractional shares are also available in Robinhood and it enables a user to invest as little as $1. Although it lacks in-depth technical instruments like Webull, it is a good option when one is not a complicated stock trader.
TD Ameritrade
TD Ameritrade is a strong trading site which appeals to newcomers and seasoned traders. It has an advanced charting, technical indicators on its thinkorswim platform and real-time data. In contrast to Webull, TD Ameritrade makes mutual funds and fixed income investments available to users as well. Despite the absence of an in-built trading cryptocurrency feature, its educational opportunities and research capabilities make it a good option in choices of people who want a more holistic trading experience.
E*TRADE
ETRADE is a long-established web and mobile-based brokerage. It offers a broad selection of investment options, such as stocks, ETFs, options, mutual funds, and bonds, and is thus a flexible substitute to Webull. ETRADE also provides two different platforms: ETRADE Web that can be used by casual investors and Power ETRADE that is offered to active traders. The latter contains such sophisticated features as customizable charting, technical studies and options analytics. It might impose fees on some of its trades but the value it brings to serious traders is worth the price.
Fidelity
Another full service brokerage that does not only offer trading is Fidelity. It has a reputation of outstanding customer care, retirement planning software and zero commission trades of stock and ETFs. Fidelity may not have as flashy or quick of a Webull, but it provides a solid alternative to long-term investors who value that it is more stable, offers account features, and conducts research. Moreover, the Active Trader Pro platform of Fidelity is also rich in analytics that can be used by advanced traders.
SoFi Invest
SoFi Invest is a low-tech site that serves as a platform that would attract new investors to test their feet in trading. It provides an experience of free trading on stocks and ETFs, as well as automated investment. SoFi Invest is more than a trading application as it also has a provision of financial advisors, career coaching and educational content. Although it lacks as sophisticated charting features as Webull, it is a good option in case one wants to have simplicity and comprehensive financial planning under one application.
Moomoo
The active trading and the sophisticated charting tools used at Moomoo often compare it directly with Webull. Established by Futu Holdings, Moomoo features zero-commission trades, live level 2 market data, and its set of research tools is comparable to that of more established products. The customizable features and its user interface make it especially appealing to traders who are tech-savvy. Moomoo offers a very good option to users seeking a Webull like experience with a slightly different set of aesthetics and data tools.
TradeStation
TradeStation has been the favorite of serious and professional traders since the time of its powerful analytics and trading tools. It offers stocks, ETF, options and futures. Although learning curve might be steeper than Webull, customization options, real-time data and scripting (such as EasyLanguage) make it a good option. Most asset classes in TradeStation are also free of commission trade which comes at a low cost to active traders.
Charles Schwab
Charles Schwab is a premium brokerage that provides the end-to-end excellent investment experience. It has a commission-free trading, a broad assortment of investment opportunities, and a quality of research tools that puts it in competition with Webull. The StreetSmart Edge platform of Schwab is user-friendly but it has features designed to be used by more sophisticated users whereas its standard web and mobile interfaces are easy to use by the beginners. Customer support, retirement services, and banking products are the other strong points of the brokerage and Webull can l lag behind.
Public
Public is an investment trading application that is a combination of social media and investing which allows people to follow other investors, see their portfolios and discuss investment strategies. It provides fractional investments in ETFs and stocks, which have no commission fees. Although Public lacks technical trading resources as in Webull, it makes an excellent choice when a beginner is looking to build his knowledge base through engagement with a community of someone who understands him. Another important element in ethical investing is transparency, and Public has eliminated a major feature of Payment for Order Flow (PFOF).
Interactive Brokers
Interactive Brokers (IBKR) is one of the strongest trading platforms in the globe. It has an enormous investment selection, such as international stocks, options, futures, forex, and even bonds. The Trader Workstation (TWS) of IBKR is a powerful and professional tool, which supports in-depth analytics, algorithmic trading, and thorough research. Webull is more oriented toward retail traders whereas IBKR serves the high-volume and institutional investors. Though, since the release of IBKR Lite (commission-free), it has also become more available to amateur traders.
Acorns
Acorns is a very different platform than Webull, as it is less about active trading and more about long-term investing which is automated. It takes your daily expenditure and puts the surplus in a diversified portfolio. Although you will not get advanced trading capabilities or live charting at Acorns, the company is an excellent choice when you are new to investing and would rather a passive way of amassing wealth. It is more of a robo-advisor, rather than a trading application, yet it is ideal to hands-off investors and those who want to begin saving and investing with minimum effort.
Final Thoughts
Webull is a mighty platform offering commission-free trading and advanced tools, yet it is not the lone ranger in the scene. You can find an app on this list that suits you whether you want simplicity, detailed trading features, automated investment, or a social investment community. On one hand, similar to Webull, platforms such as Robinhood and Moomoo are somewhat alike; on the other hand, full-fledged platforms and services such as Fidelity, TD Ameritrade, and Interactive Brokers all have their own advantages and disadvantages.
The selection of an appropriate trading app relies on your level of experience, investment aims, and the style of trading that you would want to pursue. Others are application-oriented and some educational and community-oriented, and others are tools at the institutional level of deep market analysis. Whatever your priorities are, these 11 apps offer a great variety of choices that can be the great alternatives to Webull.