Compare
TradeStation vs Webull
The same facts side by side. Swap a broker from the menu under its logo.
Trade & Sync with QuantWheel
Your trading through QuantWheelabout $0.60 a monthQuantWheel exclusiveabout $7.20 a yearClearing, options regulatory, audit trail, SEC, FINRA, quote, platform and inactivity fees estimated.
View broker
Trade & Sync with QuantWheel
Your tradingabout $0.59 a monthabout $7.07 a yearAssignment and inactivity fees estimated.
View brokerAdd a third broker
Up to three brokers, with a year of your trading at each
Head-to-head
TradeStation is the sponsored broker, and its better values are marked.| Fact | TradeStation | Webull |
|---|---|---|
| Fee per contract | $0 via QuantWheel | $0 per contract |
| TradeStation, Index options add $0.75 per contract | Webull, Oversized and index orders cost extra | |
| Exercise and assignment | $0 | Not published |
| Approval | Naked | Naked |
| TradeStation, 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 | Not published | Not published |
| Margin rate | Negotiable | 8.74% |
| Platforms | Web, Desktop, Mobile, API | Web, Desktop, Mobile, API |
| Paper trading | Yes | Yes |
| 24/7 support | No | No |
| Countries | US and non-US residents (no country list); EEA via TradeStation Europe B.V. | US residents only (incl. accepted visa holders); SSN or ITIN and US address needed |
| QuantWheel | Trade & Sync | Trade & Sync |
| TradeStation, Reads the account and places the orders you approve | Webull, Reads the account and places the orders you approve | |
| Offer | Quant plan at no additional fee, paid by TradeStation |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the rows where TradeStation has the lowest cost or the widest allowance.
The two brokers
One paragraph each.TradeStation$0 via QuantWheel · $0 exercise and assignment · naked
TradeStation opens options accounts for residents of 132 of the 243 countries this directory covers, among them the United States, India and Singapore. It charges $0 via QuantWheel (Index options add $0.75 per contract). Exercise and assignment cost $0. 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.
Through QuantWheelQuantWheel exclusive
TradeStation, about $0.08 a trade, under 0.1% of your premium. Clearing, options regulatory, audit trail, SEC, FINRA, quote, platform and inactivity fees estimated.
about $0.60 a monthabout $7.20 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
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.TradeStation suits a trader who wants options on futures through FuturesPlus, with a minimum balance, or multi-leg options in an IRA. Through QuantWheel, TradeStation charges $0 per options contract and $0 for exercise and assignment. Index options carry a $0.75 per-contract surcharge. Webull suits a US resident who wants a custodial account. Both allow naked options, with a minimum balance at Webull, and offer index options, a desktop platform and an API. QuantWheel sends the orders you approve to both.
More comparisons
Questions people ask
TradeStation vs Webull