Webull vs Robinhood
Webull is a good free trading app for more experienced investors. How does it compare to Robinhood? Read our comparison chart below.
Webull is a self-directed investment platform offering commission-free trading of stocks, ETFs, and options. It has a $0 minimum deposit and offers full extended hours trading. It also has a paper trading feature which lets you trade with unlimited virtual money.
While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
Compare Webull with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
Webull | Robinhood | |
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Up to $100 Transfer Fee Reimbursement - | Get a Free Stock (worth between $5 and $200) - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | ||
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | ||
Live Chat Support | Available 24/7 (requires sign in) | |
Email Support | Yes (customerservices@webull.us) | |
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Penny Stocks | ||
Tax Loss Harvesting | ||
Transaction Fee | ||
Copy Trading | ||
Limit Orders | ||
Margin Trading | Margin rates will vary based on a customer's margin balance, ranging from 5.7% to 6.75%. | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | Experienced investors; Active traders | |
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | Yes (4.7 stars, 296.2k ratings) | |
Android App | ||
Bank Account Purchase Fee | ||
Debit Card Purchase Fee | ||
Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
Mobile App | ||
ACH Transfer Fee | ||
Desktop App | ||
Wire Transfer Fee | $8 domestic deposit, $25 domestic withdrawal, $12.50 international deposit, $45 international withdrawal | |
Anonymity | ||
Biometric Login | ||
Maximum Trading Amount |
| |
Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
Withdrawal Limit | ||
Forex Trading | ||
Futures Trading | ||
Bond Trading | ||
CFD Trading | ||
Currency Trading | ||
Customer Service | Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com | |
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | Desktop, Web Trading, Mobile Apps | |
Virtual Trading | Yes. Free paper trading account with unlimited fake money | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Research | ||
Minimum Deposit | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Good free trading app for more experienced investors... | Free way to trade stocks with limited bells and whistles... |
Visit Site | Visit Site | |
Robinhood: Pricing information from published websites as of 08/13/2024. |
Up to $100 Transfer Fee Reimbursement
Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.
Free 1-Month Access to Level 2 Quotes (Nasdaq TotalView)
New customers get a 1-month free subscription to Level 2 Quotes after completing registration.
Buy and Sell Cryptocurrency
Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.
Which is Better: Webull or Robinhood?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Webull or Moomoo.
In short: Webull's research is worth mentioning. Robinhood's stock trading and ease of use are impressive.