WeBull or IBKR for swing trading?
By - Professional-Trading
IBKR has MUCH better execution quality than Webull.
But I use IBKR on desktop only, can't stand their mobile app. Recently signed up for [Strikes mobile app](https://www.trystrikes.com/), UI is good and it has options-specific analytics which is rare for a sleek mobile app. Fill quality is decent and if it stays that way I may consider using it long-term..
You don’t like ibot?
“Ibot buy 1000 shares of GME”
“Sorry I didn’t quite get that. Did you say buy 1000 shares of IBKR? EXECUTING EXECUTING”
Webull execution is better than ibkr but in reality both use apex clearing. Ibkr mobile is unusable. Webull gives back the money they get on limit orders never happens for me with ibkr. Like I say I'll sell for .20 but I get filled for .21 or more. That's a whole dollar per contract sold for $20... adds up getting fucked on execution. But I don't trust I'll ever get my money put of Webull. Do trust ibkr with that part.
Ibkr don't use Apex clearing, they clear internally.
I don't believe that because of the statements made on Jan 28th by the old European guy who presently is in charge.
Interesting, can you pls clarify?
I believe they refer to this:
And how does that show that they use Apex for clearing?
What is this misinformation. IBKR smashes Webull in execution from my comparison with friends who use it. Webull is generally trash due to its harsh PFOF (isn't it one of the worst offenders?). IBKR mobile is modern and well built (is it perfect? no but its very usable and I use it often although I still prefer TWS on Desktop because PC > Mobile). Also to clarify again, I've had some insane executions with IBKR, sometimes I get filled at a crazy price during a volatile move and within a second my fill was at the end of the tick and I'm already 20% green. Also important to note you can tweak your execution settings on IBKR to suit your needs / minimise rebate in favour of good fills or vise versa.
Disclaimer: Never used Webull.
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Bruh do you have a stake in Strikes or something?
why do you ask that? they only mention it twice in their last two pages of comments and this is one of them
I've been on various subs involving stocks/options/trading for a while now. Every time I see something about Strikes, it's always them, and every single time, it's the same comment on how IBKR's mobile app is not the best. I don't see anyone else promoting it. Also, the link they provide has no referral code.
fair, admittedly i didn't go any further than their last two pages so wouldn't have found much if they've been at it for a while. thanks!
I was in the same boat and tried Webull first, liked both Desktop and Mobile version but their lack of support for different Options strategy was the deal breaker for me. Webull doesn’t have diagonal, PMCC and can’t adjust IC width - I’m settled with TOS now, much better if you’re seriously into options trading.
There are strategies besides PMCC?
PMCC is technically a diagonal; IC is a neutral strategy - combo of PCS & CCS.
TOS has phenomenal interface and is top tier for analyzing the market for research. IBKR has the lowest commissions and their Trader Workstation is decent.
If you cam get both - use TOS for analysis and execute orders of IBKR .
>IBKR has the lowest commissions
true, plus their margin interest is much lower
No it's not. I negotiated the same rate with TD.
that's the beauty of TD, you can negotiate your fees down with them.. know some folks that managed to negotiate their per-contract fees with TD down to $0.45
They refused to for me.
It could be directly related to how large your account is or how active you are.
Idk if anyone else has this prob. But Webull desktop crashes on me way too often and its the most infuriating fucking thing.
I prefer TOS
Hmm I use TOS on desktop to daytrade. The mobile app looked like shit to me though so I never bothered to poke around in it. Might give it another look around
I gave RH, Fidelity, Webull and TOS all a shot at the same time and ended up primary using TOS. The UI takes a while to get use to but once you get accustomed to every feature you’ll really enjoy it. Highly customizable is an understatement, even down to charts on a mobile platform nothing compares
I had robinhood back in 2017 and currently Fidelity.
I don't have any other experience to go off of but Fidelity has just updated their app. They did a beta version where they rolled out a new main screen a month or so ago and just this last week rolled out a completely overhauled app.
It's similar in style to robinhood (at least how it was a few years ago. The old one sucked balls but the new Fidelity app is amazing.
Am wish fidelity app is good. But it still shows it's underlying age. But definitely better than before
Does IBRK have full premarket and after hours?
IBKR Pro does. Lite only starts at 7 am
Why am I downvoted? Like for real. Which one of you guys is following me and downvoting whatever I say?
Have my updoot
I use both Webull and TOS mobile apps. You cannot beat Webull's low fees for options, but its mobile app features are very limited for options. On the other hand, TDA fees are standard for options, but its TOS mobile app features are just excellent - rolling options, PMCC, calendar, diagonal, a variety of other options trading setups, allowing you to very quickly reuse any of your prior trades (working, filled, canceled, etc.) with or without modifications, quickly displaying the current mid-price for any of your trades in the working orders list, detailed daily charts for options, etc.
So, to save on fees on options, use Webull. To get rich features, use TOS.
WeBull is a private Chinese and American brokerage with most offices in China. They are subject to both US and Chinese laws.
I keep seeing this get brought up. Is that really that big of an issue?
If you don't care about personal info to a foreign country. It does have security insurance on cash deposited so if it bellys up you should be OK first 250K. If SEC froze all accounts then it will be sometime US court gives your stocks back.
For that reason I keep a trading account under 250k with WeBull for options swing trading.
Your private infor. FICA, assets then become transparent to another country cyber cop. Webull has adequate insurance on cash deposited so if they default you get your cash back. If it belly up as a US brokerage it froze all customer account until court orders to give back. If you have another account with a major US public brokerage then it is not a big deal.
Power E\*TRADE app is nice for options.
People don’t say this enough. Power E*TRADE on desktop is good enough (I also use tastyworks) but the E*TRADE mobile app is pretty slick for options trading. I know E*TRADE has its faults and I’ve been a big critic on the /etrade sub but the mobile app works very well.
Because I live in Central time zone I often do my best trading on the way to work (8:30-9:00am aka first hour of market open on east coast) 😆
Webull, much better UI
UI-wise 100%, but then IBKR has much better fill quality and options analytics..
If this guy is asking between IBKR and webull he wont utilize any of that
Trading options on a broker that’s “free” because they are selling your order flow to institutions is like trying to win the Indy 500 riding a lama.
Can you dumb this down or elaborate? I’m not sure what it means when a broker is “selling my order flow”.
TOS if you’re in the US. IBKR for Canada
Fineco if your in UK/EUR. No PDT rule either
If you are just outright buying options, Webull might be the quickest bet. They are hella limited when it comes to selling premium though, so find something else if theta gang is your style. I like the mobile app for quick scalps since it shows the option price movement chart while you are entering your order. They also have a really clean UI to setup stop/take profit order, but I seriously wouldnt use them as a go to main broker
IBKR not only has better execution, but a massively better selection of stock. I’m not a day trader so I still prefer Webull, but there is no denying the many advantages of IBKR.
I'd say TD Ameritrade
IBKR because they don’t do PFOF.
How much is this for trading options on webull? Can't be that much can it?
EDIT: I guess I don't understand what PFOF is. Looks like IBKR does direct routing, meaning better fills?
There’s a lot on the internet regarding the pros and cons of payment for order flow. It’ll be up to you to decide. I’ve closed almost all accounts with broker-dealers that do payment for order flow.
just curious which brokers have you kept.. Fidelity (no PFOF on stocks) and IBKR?
They do participate in a PFOF scheme unless you make a special arrangement for that.
Only Lite accounts have PFOF. Even then, it's as if they stopped receiving payments as of Q2, which is very weird.
Source: In their Q2 606 disclosure, it shows that there is no net payment to/from Citadel Securities and Hudson River Trading.
I swing traded my girlfriend once. Just with the small twist that I did get nothing in return when she traded me for another man and also I learned about it months after it happened.