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Webull vs TD Direct Investing : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Webull
TD Direct Investing
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Self-directed retail brokerage platform
None
Years of Existence / Established Year
2017
1984
Customer Base / Number of Accounts
20 Million
17 M
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
CIPF, CIRO
Awards Won (count for the last 2 years)
2024 Global Private Banking Awards
No major awards listed
Security Measures
SIPC, FIDC, Apex Clearing Corp upto $150 million
CIPF
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
3,300 ETFs including OTC, Margin, Index options, US treasuries bonds
Fixed income investments, GICs
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
Yes
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
Desktop, Web, and Mobile apps
TD app, web trader, Advanced dashboard, TD active trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, IRA, Futures, Advisor, Entity
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$0
$0
Leverage Available
4:1 to 2:1
No
Trade Limit (maximum per trade)
Unlimited number of day trades
Depends on asset types
Commission (per account type)
$0
NA
Best Suited For (e.g., beginners, experienced traders)
Beginners, Active and passive investor
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit
Direct bank account, Check
Withdrawal Methods
ACH withdrawals
SWIP, Wire payment
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Education, Market News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
Fees & Commissions
Trading-Related Fees
Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume
Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Spread (typical, fixed, variable)
Variable
NA
Per Lot Fees
NA
NA
Options Contract Fees
$0.10 per contract
$9.99 + $1.25 per contract
Futures Contract Fees
$1.50
NA
Markup Fees on Spread
1.50%
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
4:1
No
Non-Trading Fees
Dormant Fees
$0
NA
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing
$2-$5
Account Opening Fee
$0
Applicable, Depends on account types
Account Maintenance Fee
$0
$25 per quarter
Deposit Fee
$8 for deposits in the U.S., $12.5 for international deposits
$17.50 U.S
Currency Conversion Fee
$10
2.50%
Withdrawal Fee
$25 for withdrawals in the U.S, and $45 for international withdrawals
$30-$100
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-market trading from 4:00 AM to 9:30 AM EST
Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
Monday to Friday, 7 am to 10 pm ET
Customer Support Methods (phone, email, live chat)
E-mail: [email protected], call :1-888-828-0618, in app chat
Phone: 1-800-465-5463, , Book an appointment
Support Languages
15+
4
Additional Information
Headquarters Location
44 Wall Street, New York City
66 Wellington Street West, Toronto, ON M5K 1A2
Complaints (for crypto brokers)
No
No
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