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Fidelity vs Webull
Webull versus Fidelity Investments: which is better for IRA account in 2025? Compare investing accounts,
online trading fees, stock broker extended hours, and differences.
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Fidelity vs. Webull Highlights
• Active Trader Pro from Fidelity and Webull’s desktop software both deliver some really advanced trading tools.
• There are no fees or minimums to use either desktop program.
• Only Webull offers simulated trading.
Webull vs. Active Trader Pro Introduction
If you’re looking for advanced desktop software to amp up your trading routine, Fidelity and Webull may have an answer for you. The former broker-dealer has Active Trader Pro, while Webull gives no name to its desktop program. Whatever you want to call them, both programs pack quite a punch.
Getting Ready to Trade
Both software platforms are regularly updated. Upon login, both programs notify the user if any updates are available. Webull’s desktop program, but not ATP, has a tool inside to manually update the platform.
Both Webull and Active Trader Pro have three color themes. These are white, black, and blue on both platforms. Fonts can be changed, and the colors of plot styles (candlesticks and the like) can be adjusted, too, on both platforms.
The one feature we really like on Webull’s platform is the ability to close the application and come back without having to log in again. On ATP, a login is required every time the program is launched.
Winner: Webull
Cost
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
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WeBull
|
$0
|
na
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$0
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$0
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$0
|
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Fidelity
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$0
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$49.95
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$0 + $0.65 per contract
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$0
|
$0
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Promotions
Webull:
Get up to 20 free stocks and up to $7,500 bonus at Webull!
Fidelity: Get $0 trades + 65₵ per options contract at Fidelity.
Order Entry
Placing a trade on either platform is fairly straightforward. Active Trader Pro has 6 order tickets, each with its own bells and whistles. Add-ons include extended hours, option trades, and direct-access routing. Links to the various trade forms will be found under the Trade & Orders tab in the top menu.
On the Webull system, there are 4 trade tickets. There are discrete selections for buy to cover and sell short. On the Classic ticket, there is an icon in the quantity field to place a trade using a percentage of buying power. An order can also be set to a whole-dollar amount, which results in a fractional-share trade. Active Trader Pro doesn’t have this capability (although fractional-share trading is possible on Fidelity’s website and mobile app).
Advanced orders, such as OTO and OCO, are available on both platforms. Only Active Trader Pro has conditional orders and direct-access routing.
Winner: Draw
Charting
We mustn’t forget the importance of graphs in the desktop experience. Both programs in this contest offer full-screen charting with many tools. ATP has about 70 technical studies, while Webull’s platform has approximately 60. Webull’s charts have a really useful Replay feature that will show the previous day’s price action of an entered ticker symbol in accelerated time (the speed can be adjusted).
On ATP, a chart can be saved, exported, and printed (icons are at top in the title bar). On the Webull system, buy and sell buttons can be added to the title bar for quick order entry.
Winner: Pretty close
Day Trading
Both platforms can be used for day and swing trading. As a matter of fact, Webull’s platform has a pre-installed layout for day trading. To find it, click on the Custom icon in the main menu. In this workspace, there is a rapid-fire trade ticket, Level II quotes, and time & sales data.
Active Trader Pro has a Quick Trade layout. Time & sales data and Level II quotes are available, although there is no rapid-fire ticket (despite the name of the layout). ATP does have order routing, though.
Winner: Draw
Education
Both platforms in this survey have educational resources on them to help learn all the gadgets and gizmos. The vertical left-hand menu on the Webull system has an icon for its Learning Center. Click on this to pull up various articles and videos that describe how to use the software. Examples include how to adjust default layouts, use a price ladder, read market news, use chart widgets, and more.
On Active Trader Pro, there is a link to the software’s learning center under the Help tab that appears in the title bar in the upper-right corner. The links open in a browsing window. As with the Webull platform, resources appear in both article and video formats.
The Webull program has a digital bulletin board where users can discuss the trading of specific assets and the day’s market news (look for the Community icon in the left-hand menu). It also offers simulated trading (look for the Paper Trading icon in the same menu). Active Trader Pro has neither feature.
Winner: Webull
Our Recommendations
Frequent Stock Trading: Both software programs are really good for active equity trading.
Beginners: Because Webull’s desktop program has fractional-share trading and a demo mode, we endorse it.
Small Accounts: Neither brokerage firm has any account minimums to use its desktop platform.
Promotions
Webull:
Get up to 20 free stocks and up to $7,500 bonus at Webull!
Fidelity: Get $0 trades + 65₵ per options contract at Fidelity.
Active Trader Pro vs Webull Verdict
Both desktop applications in this survey are very advanced and will satisfy the needs of most traders.
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Updated on 3/1/2025.
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