Webull vs Robinhood 2024
In this head to head comparison of Webull vs Robinhood, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In this head to head comparison of Webull vs Robinhood, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When evaluating online brokers, both Webull and Robinhood offer robust options for investors, though Webull slightly edges out with a broader range of investment choices. Both platforms provide stock, margin, fractional shares, options, and crypto trading, yet Webull distinguishes itself with the availability of futures trading and a larger selection of cryptocurrencies, offering 44 compared to Robinhood’s 19. This gives Webull a higher rating of 4 stars compared to Robinhood's 3.5 stars for investment options, with Webull ranking 12th and Robinhood 14th out of 18 brokers on StockBrokers.com for investment options.
For mainstream investment options, both Webull and Robinhood serve as accessible platforms for trading stocks, options, and cryptocurrencies. Investors will find margin trading and fractional shares available on both platforms, allowing increased flexibility in portfolio management. However, neither broker offers mutual funds, forex trading, nor advisory services, indicating that both are more suited to self-directed investors looking to trade actively rather than seeking managed investments or diverse asset classes.
While Webull and Robinhood both offer traditional and Roth IRA accounts for those looking to maximize tax-advantaged investment potential, the differences in their offerings may sway more diversified traders towards Webull. The inclusion of futures trading and the broader crypto options make Webull an attractive choice for investors seeking a slightly expanded investment toolkit. On the other hand, Robinhood’s straightforward platform remains popular for beginners and those looking for ease of access to core trading tools without the complexities of more advanced trading features.
Feature |
Webull
|
Robinhood
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | Yes |
OTC Stocks | Yes | Yes |
Mutual Funds | No | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | Yes | Yes |
Crypto Trading - Total Coins | 44 | 19 |
Investment Options |
Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024
When comparing Webull and Robinhood for their trading platforms and tools, Webull emerges as the more robust and versatile option, particularly for investors seeking advanced features and functionality. Rated 4.5 stars, Webull ranks #8 out of 18 brokers as per StockBrokers.com, while Robinhood, with a 3-star rating, stands at #13. This suggests that Webull offers a more comprehensive suite of tools, catering to both novice and experienced traders, whereas Robinhood provides a simpler, more limited experience.
Webull offers a downloadable trading platform for both Windows and Mac, unlike Robinhood, which only provides a browser-based platform. Webull's platform includes numerous features that enhance the trading experience, such as paper trading, 52 technical indicators, and 19 drawing tools for charting. It also allows users to adjust open orders directly on stock charts, display historical trades, and show corporate events, functionalities that are absent in Robinhood's platform. Furthermore, Webull provides extensive customization options, including the ability to create custom studies for charts, adding a layer of depth to technical analysis.
In contrast, while Robinhood offers the convenience of browser access similar to Webull, it lacks several of the advanced features that Webull users enjoy. For example, Robinhood watch lists only offer 3 fields compared to Webull's 35, and it does not support paper trading or any drawing tools. Moreover, Robinhood's technical indicators and chart customization options are minimal. These limitations may suffice for beginners focused on simplicity, but for traders wanting a full-fledged trading toolkit, Webull's range of features and customizability offer a more compelling platform.
Feature |
Webull
|
Robinhood
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 35 | 3 |
Charting - Indicators / Studies | 52 | 6 |
Charting - Drawing Tools | 19 | 0 |
Platforms & Tools |
Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024
Both Webull and Robinhood provide educational resources designed to aid beginners and experienced investors alike. Webull stands out by offering a wide array of educational materials, including stock and options education, as well as ETF education, although it lacks content for mutual funds and bonds. Furthermore, Webull includes unique features like educational quizzes and the ability to track learning progress, securing a 3-star rating from StockBrokers.com and a ranking of #14 among 18 brokers for education.
On the other hand, Robinhood also offers educational content on stocks and options but falls short regarding ETFs, mutual funds, and bonds. While it does not provide paper trading, educational videos, or webinars, Robinhood's overall education capability is rated slightly higher at 3.5 stars, with a ranking of #10 for education among the same group of brokers. Overall, both platforms offer valuable educational resources, but Webull's additional features may better support beginners looking to enhance their trading skills.
Feature |
Webull
|
Robinhood
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | No |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | Yes | No |
Videos | No | No |
Webinars | No | No |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
In the realm of stock trading apps, both Webull and Robinhood offer robust platforms with a myriad of features tailored for mobile trading. While both apps are rated 4.5 stars for their capabilities, Webull secures a slightly higher ranking, positioned at #7 compared to Robinhood's #9 ranking according to StockBrokers.com. This advantage may appeal to users seeking broader technical analysis options, as Webull offers 56 technical studies for charting, well above Robinhood's 6, along with features such as stock comparison tools and landscape chart viewing that might attract a more advanced investment audience.
Both Webull and Robinhood provide comprehensive app support across iPhone and Android devices, with additional availability on Apple Watch. For those trading after hours, both platforms offer mobile after-hours stock trading and provide after-hours charting capabilities. Users can also perform mobile options trading, access streaming quotes, and receive stock alerts on both apps. However, neither platform currently supports streaming live TV or videos on demand, which is a consideration for those who value multimedia integration in their trading experience.
Customization and user experience are crucial elements where the two apps diverge. While each platform enables the creation of custom watch lists, Robinhood provides the added flexibility of customizing watch list columns, a feature Webull lacks. On the other hand, Webull allows charts to be viewed in landscape mode and supports multiple time frames, which could provide a more detailed analytical perspective absent in Robinhood’s offerings. With both platforms robustly designed for mobile trading needs, the differentiating factors often lie in these nuanced features that cater to specific investor preferences.
Feature |
Webull
|
Robinhood
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | Yes |
Stock Alerts | Yes | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 56 | 6 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps of 2024
When comparing Webull and Robinhood in terms of overall fees and charges, both platforms offer a compelling no-cost approach for casual traders, with no minimum deposit requirements, free regular stock trades, and zero commissions on options contracts. This makes them both attractive to investors looking to minimize costs. However, there are key differences, particularly in margin trading costs and account transfer fees, where Robinhood generally provides more competitive rates. Based on this comparison, the choice between Webull and Robinhood may ultimately hinge on the investor's margin trading activity and potential for account transfers.
In terms of account fees, both Webull and Robinhood offer remarkable accessibility with a $0 minimum deposit and $0 fees for regular stock trades, options contracts, and IRA-related charges such as annual and closure fees. This positions both platforms as appealing to beginners and experienced traders alike. However, a significant point of differentiation lies in margin interest rates. For balances below $25,000, Webull charges a rate of 9.74%, whereas Robinhood is more cost-effective at 6%. This trend continues with Robinhood maintaining lower rates across all margin balance tiers, including a competitive 5.8% for balances between $50,000 and $99,999 compared to Webull’s consistent 9.24% rate for that range.
Looking further into account management, Robinhood and Webull both score well on IRA fees, charging nothing for annual maintenance or closure. Yet, costs diverge dramatically concerning Account Transfers (ACAT). Webull charges a fee of $75 for both partial and full transfers, offering a slight advantage over Robinhood's higher $100 charge for each of these services. Both platforms, however, continue their fee-free policy with no charges for options exercise and assignment fees, ensuring a solid environment for options traders to execute their strategies without additional cost concerns.
Feature |
Webull
|
Robinhood
|
---|---|---|
Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.00 | $0.00 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $0.00 | $0.00 |
Commissions & Fees |
Dive deeper: Best Brokers for Free Stock Trading of 2024
In the realm of day trading, Webull and Robinhood offer distinct features that cater to different trader needs. Webull stands out by providing streaming time and sales data for stocks and offering a variety of tools instrumental for active traders, such as ladder trading and keyboard trade entry via hotkeys, along with level 2 quotes for more detailed market data. Although Webull does not offer direct market routing, streaming live TV, or any strategy backtesting capabilities, these features give traders advanced insights into market movements, making it an attractive choice for those who require more robust data and execution tools for day trading.
By contrast, Robinhood offers a more streamlined and simplified trading experience, lacking certain advanced tools that can be pivotal for day traders. While Robinhood misses out on streaming time and sales, ladder trading, hotkey trade entry, and level 2 quotes, it mirrors Webull in the absence of direct market routing, strategy backtesting, streaming live TV, a short locator tool, and order liquidity rebates. Consequently, Robinhood may appeal more to novice traders or those who prefer a straightforward platform without the complexities needed for rigorous day trading.
Feature |
Webull
|
Robinhood
|
---|---|---|
Streaming Time & Sales | Yes | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms of 2024
When evaluating market research capabilities, Webull slightly edges out Robinhood, securing a 3-star rating compared to Robinhood's 2.5-star rating. Both platforms offer stock and ETF research, as well as Pink Sheets / OTCBB research while lacking in mutual funds and bonds research. However, Webull's ability to utilize social media sentiment data in stock research sets it apart, making it a more comprehensive option for investors interested in this data-driven insight. Webull's edge is further validated by StockBrokers.com's ranking, which places Webull 11th out of 18 brokers, above Robinhood's 14th position.
Webull and Robinhood furnish their users with basic tools for understanding stocks and ETFs, though neither provides research on Bonds or Mutual Funds. The discovery tools offered by Webull are more extensive, featuring a stock screener for generating trade ideas, a feature Robinhood lacks. This makes Webull potentially more attractive for active traders seeking thorough stock analysis and trade strategy formulation.
Despite the similarities in some areas, Webull distinguishes itself by integrating social media sentiment into its stock research tools—offering a modern twist that resonates with today's digitally savvy investors. Neither platform supplies downloadable PDF research reports across stocks, ETFs, or mutual funds, indicating a shared limitation in resources for offline review. Nevertheless, for traders keen on leveraging current sentiments and capabilities, Webull presents a marginally superior option over Robinhood.
Feature |
Webull
|
Robinhood
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
When examining the banking capabilities of popular online brokers Webull and Robinhood, both platforms do not offer traditional checking or savings accounts, making them less comprehensive in terms of banking services compared to standard banks. However, Robinhood edges slightly ahead with its offering of debit cards, a feature unavailable with Webull. Both brokers do not provide credit cards, mortgage loans, or Certificates of Deposit (CDs), indicating limited banking functionalities. While Webull and Robinhood primarily focus on investment services, Robinhood's inclusion of a debit card offers a marginally broader suite of financial tools for users looking for more than just investment opportunities.
Feature |
Webull
|
Robinhood
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | Yes |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | No |
Dive deeper: Best Bank Brokerages of 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Webull is better than Robinhood. Webull finished with an overall score of 84.9%, while Robinhood finished with a score of 84.5%.
Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.
Both Webull and Robinhood offer crypto trading, with Webull providing access to 44 different coins compared to Robinhood's 19 coins, making Webull the more versatile choice for cryptocurrency enthusiasts.
Dive deeper: Best Crypto Trading Platforms of 2024
Webull and Robinhood both offer traditional and Roth IRA accounts with no annual or closure fees, making them cost-effective options for retirement savings.
Dive deeper: Best IRA Accounts of 2024
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0 of 5Overall Rating | Webull | Robinhood | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | N/A | ||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Webull Review | Robinhood Review |
Broker Screenshots | Webull | Robinhood | |
---|---|---|---|
Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | Webull | Robinhood | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | N/A | |
Mutual Fund Trade Fee | N/A | N/A | |
Options (Per Contract) | $0.00 | $0.00 | |
Futures (Per Contract) | $1.25 | (Not offered) | |
Broker Assisted Trade Fee | N/A | N/A |
Margin Rates | Webull | Robinhood | |
---|---|---|---|
Margin Rate Under $25,000 | 9.74% | 6% | |
Margin Rate $25,000 to $49,999.99 | 9.24% | 6% | |
Margin Rate $50,000 to $99,999.99 | 9.24% | 5.8% | |
Margin Rate $100,000 to $249,999.99 | 8.74% | 5.5% | |
Margin Rate $250,000 to $499,999.99 | 8.24% | 5.5% | |
Margin Rate $500,000 to $999,999.99 | 7.24% | 5.5% | |
Margin Rate Above $1,000,000 | 6.74% | 5.25% |
Account Fees | Webull | Robinhood | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $0.00 | $0.00 | |
Account Transfer Out (Partial) | $75.00 | $100.00 | |
Account Transfer Out (Full) | $75.00 | $100.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Webull | Robinhood | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | Yes | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | Yes | |
Crypto Trading - Total Coins | 44 | 19 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 0 | |
Bonds (US Treasury) | No | No | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | Webull | Robinhood | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | No | No |
Beginners | Webull | Robinhood | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | No | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | Yes | No | |
Videos | No | No | |
Webinars | No | No | |
Webinars (Archived) | No | No | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | Yes | No |
Stock Trading Apps | Webull | Robinhood | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | Yes | Yes | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | Yes |
Stock App Features | Webull | Robinhood | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | No | Yes |
Stock App Charting | Webull | Robinhood | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 56 | 6 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | Yes | No |
Trading Platforms | Webull | Robinhood | |
---|---|---|---|
Active Trading Platform | N/A | ||
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 35 | 3 |
Stock Chart Features | Webull | Robinhood | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 52 | 6 | |
Charting - Drawing Tools | 19 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | No | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | No | No | |
Charting - Study Customizations | 2 | 1 | |
Charting - Custom Studies | Yes | No |
Day Trading | Webull | Robinhood | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Webull | Robinhood | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Bonds | No | No | |
Screener - Stocks | Yes | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | No | No |
Stock Research | Webull | Robinhood | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | Yes | Yes | |
Stock Research - Insiders | Yes | No | |
Stock Research - Social | Yes | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | Yes | No |
ETF Research | Webull | Robinhood | |
---|---|---|---|
ETFs - Strategy Overview | Yes | Yes | |
ETF Fund Facts - Inception Date | Yes | Yes | |
ETF Fund Facts - Expense Ratio | Yes | Yes | |
ETF Fund Facts - Net Assets | Yes | Yes | |
ETF Fund Facts - Total Holdings | Yes | Yes | |
ETFs - Top 10 Holdings | No | Yes | |
ETFs - Sector Exposure | Yes | Yes | |
ETFs - Risk Analysis | No | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | Webull | Robinhood | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | Yes | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | Webull | Robinhood | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | No | Yes | |
Option Chains - Total Columns | 23 | 17 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | No | |
Option Probability Analysis Adv | Yes | No | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | No | Yes | |
Option Positions - Adv Analysis | No | No | |
Option Positions - Rolling | No | Yes | |
Option Positions - Grouping | No | Yes |
Banking | Webull | Robinhood | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | No | Yes | |
Mortgage Loans | No | No |
Customer Service | Webull | Robinhood | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | No | |
Live Chat (Current Customers) | No | Yes | |
24/7 Support | Yes | Yes |
Overall | Webull | Robinhood | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Webull Review | Robinhood Review |