Compare
tastytrade vs Webull
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- tastytrade leads
- 1
- Webull leads
- 3
- Level
- 6
Of 10 scored facts, tastytrade leads on 1, Webull on 3, and 6 are level. Countries and the offer are not scored.
Trade & Sync with QuantWheel
Your tradingabout $0.59 a monthabout $7.07 a yearAssignment and inactivity fees estimated.
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Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  tastytrade | Webull |
|---|---|---|
| Fee per contract | $1 open / $0 close | $0 per contractBest |
| tastytrade, $10 opening cap per leg; other fees apply | Webull, Oversized and index orders cost extra | |
| Exercise and assignment | $5 | Not published |
| Approval | Naked | Naked |
| tastytrade, Up to naked short options | Webull, Up to naked short options | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | Yes | Not published |
| Spreads in an IRA | YesBest | No |
| Portfolio margin | Yes | Not published |
| Margin rate | 10.00% | 8.74%Best |
| Platforms | Web, Desktop, Mobile, API | Web, Desktop, Mobile, API |
| Paper trading | No | YesBest |
| 24/7 support | No | No |
| Countries | US residents and listed eligible countries (e.g. UK, Singapore); not Canada; India cash only | US residents only (incl. accepted visa holders); SSN or ITIN and US address needed |
| QuantWheel | Trade & Sync | Trade & Sync |
| tastytrade, Reads the account and places the orders you approve | Webull, Reads the account and places the orders you approve | |
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.tastytrade$1 open / $0 close · $5 per event · naked
tastytrade opens options accounts for residents of 55 of the 243 countries this directory covers, among them the United States, Singapore and the United Kingdom. It charges $1 open / $0 close ($10 opening cap per leg; other fees apply). Exercise and assignment cost $5 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of 8 of the 243 countries this directory covers, among them the United States, Brazil and Mexico. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
tastytrade
$1.93 a trade, 1.6% of your premium.
$15 a month$185 a year
Webull
about $0.07 a trade, under 0.1% of your premium. Assignment and inactivity fees estimated.
about $0.59 a monthabout $7.07 a year
Webull does not publish every fee this strategy needs, so no broker is named lowest here.
A year from each broker's published fees. A fee a broker leaves out is estimated at the middle of what the brokers that publish it charge, and that total says about. Your broker statement can differ, and brokers change fees.
Who each suits
Written from the facts on this page. Each feature needs the broker's approval and account rules.tastytrade suits a trader who wants spreads in an IRA or portfolio margin. It offers options on futures at The Works level in a margin account and opens accounts in listed countries such as the UK. Webull's IRAs go up to Level 2. Webull suits a US resident who wants paper trading or a custodial account. Both allow naked options, with a minimum balance at Webull, and offer a desktop platform. QuantWheel sends the orders you approve to both.
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tastytrade vs Webull