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 comparing the investment options offered by Webull and Robinhood, Webull stands out slightly, receiving a 4-star rating for its investment choices compared to Robinhood’s 3.5 stars. According to StockBrokers.com, Webull ranks 12th out of 18 brokers for investment options, while Robinhood follows at 14th. Both platforms cater to investors with a range of trading features, but each has unique offerings that may appeal to different types of traders.
Both Webull and Robinhood offer stock and margin trading, as well as fractional shares and options trading, making them competitive choices for users interested in diverse trading facilities. However, only Webull provides access to Over-The-Counter (OTC) stocks and futures trading, allowing for more varied investment strategies. It's worth noting that neither platform offers mutual funds or forex trading, streamlining their focus toward other modern trading avenues.
When it comes to cryptocurrency, Robinhood has the upper hand, offering trading in 20 different cryptocurrencies, while Webull does not support crypto trading at all. Both platforms allow for the opening of Traditional and Roth IRA accounts, serving the needs of investors planning for retirement. Despite their comprehensive offerings, neither company provides advisor services, maintaining a self-directed approach to investments. Ultimately, the choice between Webull and Robinhood will depend on an investor's priorities and the specific trading tools they seek.
Feature |
Webull
|
Robinhood
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | Yes |
OTC Stocks | Yes | No |
Mutual Funds | No | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 20 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
In a comprehensive comparison of online trading platforms, Webull emerges as a more robust choice over Robinhood, particularly in terms of trading tools and capabilities. Rated 4.5 out of 5 stars against Robinhood's 3 stars by StockBrokers.com, Webull is ranked 8th among 18 brokers compared to Robinhood's 13th position. This can be attributed to Webull's advanced offerings, such as a desktop platform available for both Windows and Mac, as well as features like paper trading and extensive customization options for charts, which are not available with Robinhood.
Webull provides a downloadable desktop platform for Windows and Mac users, alongside a browser-based platform. Robinhood, in contrast, only offers a browser-based platform. Both brokers allow for chart adjustments directly through stock charts and the addition of notes and index overlays. However, Webull stands out by offering more extensive charting capabilities, such as 52 technical indicators compared to Robinhood's 16, and automated technical analysis patterns which are absent in Robinhood. Additionally, Webull supports more comprehensive watch lists with 35 available columns, vastly exceeding Robinhood's 3.
When it comes to trading tools, Webull excels in offering features like paper trading and the ability to show historical trades and corporate events on charts, which Robinhood does not provide. Webull users can save multiple chart profiles and create custom studies, delivering a tailored trading experience. While both platforms offer options like adding notes to charts and setting custom date ranges, Webull's enhanced flexibility and an abundance of tools provide a more intricate and customizable trading environment, making it a preferable choice for both new and experienced traders.
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 | 16 |
Charting - Drawing Tools | 19 | 23 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When comparing the educational tools and resources offered by online brokers Webull and Robinhood, both platforms provide foundational support for beginner investors. Webull and Robinhood offer extensive stock, ETF, and options education, addressing the core investment types that interest many novices. Neither platform, however, provides educational resources for mutual funds or bonds, potentially leaving a gap for investors interested in diversifying their portfolios with these asset classes. A unique advantage of Webull is its inclusion of paper trading, allowing beginners to practice trading strategies without risk. Webull also enhances learning through educational videos, quizzes, and tools to track learning progress, resources that Robinhood does not offer. Meanwhile, both platforms host webinars to support their user base and enrich investor knowledge.
Despite the array of learning tools, Webull is rated 3 out of 5 stars for education, while Robinhood slightly edges ahead with a 3.5-star rating, according to market evaluations. StockBrokers.com ranks Webull at 14th place out of 18 brokers for education, whereas Robinhood claims the 10th spot, reflecting a greater recognition in overall investor education capabilities. As beginners weigh their options, these reviews and rankings can guide their choice between Webull’s comprehensive learning features and Robinhood’s slightly superior education rating.
Feature |
Webull
|
Robinhood
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | Yes | Yes |
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 for 2024
When comparing Webull and Robinhood, potential investors will find that both platforms offer fee structures that cater to cost-conscious traders. Neither platform requires a minimum deposit, making them accessible to a wide range of investors. Additionally, both Webull and Robinhood do not charge fees for regular stock trades or options contracts. For those interested in retirement accounts, both platforms provide an attractive offer with $0.00 fees for both IRA annual maintenance and IRA closure, ensuring no unexpected charges for investors managing their retirement savings.
When it comes to margin trading, Robinhood provides a more competitive fee structure than Webull across various balance tiers. For margin balances below $25,000, Robinhood charges 6.25%, whereas Webull imposes a rate of 9.24%. Marginally favorable rates continue with larger balances, with Robinhood charging 6.05% for margins between $25,000 and $49,999, compared to Webull's 8.74%. For margin balances between $50,000 and $99,999, Robinhood offers a rate of 5.8%, which is notably lower than Webull's 8.24%. These differences could influence the choice of platform for investors who frequently engage in margin trading.
In terms of account transfer fees, Webull has a slight edge for those considering moving their accounts, with a charge of $75 for both partial and full Account Transfers (ACAT). By contrast, Robinhood sets its fees at $100, making it a more costly option for transferring accounts. However, both platforms maintain a user-friendly approach for options trading, as neither charges fees for options exercises or assignments. This elimination of extra fees enhances the appeal of both Webull and Robinhood for traders focused on options. Ultimately, the decision between these two platforms may hinge on specific needs such as margin trading rates and transfer costs.
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 Free Trading Platforms for 2024
When evaluating the day trading capabilities of Webull versus Robinhood, several key differences and similarities come to light. Webull offers streaming time and sales for stocks, a feature absent from Robinhood, providing traders with enhanced market data insights. Both platforms enable ladder trading, but Webull extends its advantage by offering trading hotkeys for keyboard trade entry and level 2 quotes while Robinhood does not. These tools can enrich the trading strategy and execution speed on Webull, making it potentially more appealing for active day traders.
Despite these differences, both Webull and Robinhood share a few common drawbacks, such as the lack of direct market routing for stocks and access to streaming live TV. Neither offers basic or advanced strategy backtesting or a short locator tool, which could limit more intricate trading strategies. Additionally, order liquidity rebates are unavailable on either platform. For traders keen on accessing advanced market data and more efficient trade entry methods, Webull offers more comprehensive tools, whereas Robinhood serves as a straightforward platform for those who prioritize simplicity over specialized features.
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 for 2024
For those prioritizing market research capabilities, Webull edges out Robinhood with a slightly better offering. Webull is rated three stars out of five, ranking 11th among 18 brokers on StockBrokers.com, while Robinhood lags slightly behind with a 2.5-star rating, placing it 14th. Both platforms provide stock and ETFs research but do not extend their offerings to mutual funds, bonds, or ESG data. Given their limitations, choosing between Webull and Robinhood hinges on a few differentiating features, notably Webull’s edge in social media sentiment analysis.
Both Webull and Robinhood offer investors tools for stock analysis, including basic screeners for trade ideas. However, they fall short in providing comprehensive downloadable PDF reports for stocks, ETFs, and other assets. Users looking for detailed research reports may need to consider alternative resources, as neither broker supports this feature. The absence of mutual fund and bond research also limits the scope of their market research capabilities.
Webull distinguishes itself by incorporating social media sentiment data into their stock research tools, a feature not offered by Robinhood. This enhancement provides Webull users an extra layer of insight into market trends driven by public sentiment. Nonetheless, both platforms lack portfolio allocation insights by asset class and omit ESG research, indicating areas for future improvement. Ultimately, investors looking for robust market research might find both platforms lacking, but Webull offers slightly more advanced tools.
Feature |
Webull
|
Robinhood
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
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 Accounts for Trading Stocks for 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.
When comparing online brokers, Webull does not offer crypto trading, while Robinhood facilitates crypto trading with access to 20 different coins.
Dive deeper: Best Online Brokers for Crypto Trading in 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 for 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 | 9.24% | 6.25% | |
Margin Rate $25,000 to $49,999.99 | 8.74% | 6.05% | |
Margin Rate $50,000 to $99,999.99 | 8.24% | 5.8% | |
Margin Rate $100,000 to $249,999.99 | 7.74% | 5.75% | |
Margin Rate $250,000 to $499,999.99 | 7.74% | 5.75% | |
Margin Rate $500,000 to $999,999.99 | 6.74% | 5.75% | |
Margin Rate Above $1,000,000 | 6.24% | 5.5% |
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 | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 20 | |
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 | Yes | |
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 | Yes | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | 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 | Robinhood Legend | |
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 | Yes | |
Charting - Indicators / Studies | 52 | 16 | |
Charting - Drawing Tools | 19 | 23 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | No | Yes | |
Charting - Custom Time Bars | No | Yes | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | Yes | |
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 | Yes | |
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 | Yes | |
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 | Yes | 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 | Yes | |
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 | Yes | 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 | No | 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 |