Webull and Robinhood are two of the best mobile-first trading platforms available.
Both offer commission-free stocks, exchange-traded funds (ETFs) and equity options, fractional share trading and direct access to cryptocurrency. While Webull has more advanced trading tools and tradable assets, Robinhood’s user-friendly trading platform is one of the most intuitive trading apps I’ve reviewed.
These platforms are solid choices whichever way you go, but they cater to different types of investors.
Here’s how they compare.
 Webull |  Robinhood | |
| Finder Score |
|
|
| Account types | Individual, joint, traditional/Roth IRA | Individual, joint, traditional/Roth IRA |
| Minimum to open | $0 | $0 |
| Annual fee | $0 | $0 |
| Stock trade fee | $0 | $0 |
| Investment options | Stocks, ETFs, options, index options, cryptocurrency, futures, money market funds, US Treasuries | Stocks, ETFs, options, index options, cryptocurrency, futures, event contracts |
| Customer support | 24/7 support, phone support | 24/7 support, live chat, phone support |
| Mobile app reviews | Apple App Store: 4.7/5 stars based on over 313,700 reviews Google Play Store: 4.5/5 stars based on over 198,000 reviews | Apple App Store: 4.2/5 stars based on over 4.5 million reviews Google Play Store: 4.2/5 stars based on over 512,000 reviews |
| Bonus offer | Get up to 75 free fractional shares when you deposit $25,000 or more | Earn between $5 and $200 to spend on whole or fractional shares of any of the 26 available stocks. |
| Learn more |
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| Webull | Robinhood | |
|---|---|---|
Annual fee | $0 | $0 |
Stock trade fee | $0 | $0 |
Equity options trade fee | $0 | $0 |
Index options trade fee | $0.55, or $0.45 with Webull Premium | $0.50, or $0.35 with Robinhood Gold |
Options contract fee | $0 | $0 |
Crypto trade fee | 1% spread | 0.6% spread |
Futures trade fee | $0.13–$1 depending on the contract; $0.25 off with Webull Premium | $0.75, or $0.50 with Robinhood Gold |
ACATS fee | $75 | $100 |
Inactivity fee | $0 | $0 |
| Webull | Robinhood | |
|---|---|---|
Robo-advisor | Yes | Yes |
Human financial advisor | No | No |
Fractional shares | Yes | Yes |
IRA match | 3.5% with Webull Premium, or 1% without | 3% with Robinhood Gold, or 1% without |
Cash sweep rate | 4.1% APY with Webull Premium | 4% APY with Gold |
IPO access | Yes | Yes |
Instant buying power | Yes | Yes |
Paper trading | Yes | No |
24/5 trading | No, extended hours only | Yes |
Educational resources | Yes | Yes |
Webull and Robinhood offer distinct trading platforms tailored to different types of investors.
Webull is geared towards more experienced traders, providing advanced charting tools, technical indicators and customizable charts. It also offers paper trading, allowing users to practice strategies with virtual money. Webull provides in-depth market data, including real-time quotes, Level 2 market data (for a fee), financial calendars and news feeds, along with powerful screeners for identifying investment opportunities.
Robinhood is designed for simplicity and ease of use, making it ideal for beginners and intermediate traders and investors. It features a straightforward, user-friendly interface. And while Robinhood Gold offers Morningstar research and Robinhood’s new trading platform, Robinhood Legend, is a dedicated advanced trading platform, Robinhood overall lacks many of the advanced analytical capabilities found in Webull.
Overall, Webull caters to traders seeking more sophisticated tools and data, whereas Robinhood appeals to those who prefer a simpler, more intuitive trading experience.
Webull and Robinhood are frontrunners among other stock trading apps. Both offer:
Neither offers access to human financial advisors, but both offer IRA match programs. Earn a 3.5% IRA contribution match when you subscribe to Webull Premium for $3.99 per month. Earn a 3% IRA contribution match with Robinhood Gold’s $5 per month subscription.
Robinhood is hard to beat if you want a low-cost, intuitive trading experience that simplifies investing. Robinhood makes it incredibly easy to sign up and start investing and offers some of the lowest fees among brokers we review.
Meanwhile, its educational content is straightforward and helpful for those just starting, and its IRA match program can incentivize beginners to start investing.
While Robinhood Legend gives Robinhood a dedicated advanced trading platform, Webull is the clear choice for advanced traders. Its platform is more tailored to active traders, offering advanced charts, deep financial analysis tools, a dedicated, customizable desktop platform and a paper trading account to test your trading strategies.
Webull and Robinhood’s brokerage accounts are SIPC-insured up to $500,000, including $250,000 for cash claims. Security for their cash sweep programs and crypto varies a bit.
Cash deposited into Robinhood’s cash sweep program is eligible for FDIC insurance of up to $2.25 million, while Webull’s Cash Management account offers FDIC insurance of up to $2.5 million. In terms of cash sweep programs, Webull is the winner.
Most coins with Robinhood Crypto and Webull Pay — through Bakkt Crypto Solutions — are held in cold storage. Both platforms offer two-factor authentication and are registered with FinCEN as a money services business. Both also carry crime insurance to help protect assets against potential loss, including cybersecurity breaches. Webull and Robinhood are tied here.
In June 2021, the Financial Industry Regulatory Authority (FINRA) fined Robinhood approximately $70 million, the largest financial penalty ever ordered by FINRA, for misleading customers regarding options trading and for outages experienced in March 2020.(1) Robinhood settled with FINRA, neither admitting nor denying the charges.
Likewise, in March 2023, FINRA fined Webull $3 million for not conducting proper due diligence before approving customers for options trading.(2) Webull settled with FINRA, neither admitting nor denying the charges.
These two are very close, so it really comes down to preference and situation.
If you want an incredibly user-friendly platform, Robinhood is hard to beat. It’s also building out its advanced trading tools, which will appeal to active traders.
On the other hand, if you want access to US Treasuries or money market funds or just prefer a more expansive collection of trading tools, Webull might be the better option.
Both Webull and Robinhood have limited investment options. If you’re looking to build a more diversified portfolio, plenty of options are available.
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