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Webull vs. Robinhood

Both are similar, but Robinhood stands out for beginners while Webull offers powerful research tools for active investors.

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Webull and Robinhood offer commission-free trades on stocks, ETFs and options. They also provide free stocks for new applicants.

But in terms of features and tools, Webull emerges a winner. Still, new investors will find Robinhood’s simplicity and educational content to be very beneficial. You can also move uninvested cash into an interest-bearing checking account with a linked Robinhood debit card.

Which one is better?

Based on the five-star schema system we use to rate trading platforms, Webull edges out its competitor with a composite rating of 4.4 to Robinhood’s 3.5.

Robinhood has plenty to offer, but it misses the mark in three important categories: reliability, customer support and research.

Robinhood can’t compete with Webull’s extensive research and analytics tools. And unlike Webull’s in-app, email and phone support, Robinhood’s customer service is limited to email inquiries. Robinhood also suffered several major service outages triggered by the market volatility in early 2020 — but no such outages were reported by Webull investors.

Overview

WebullRobinhood
Fees

★★★★★ 4.25/5

★★★★★ 4/5

Available securities

★★★★★ 4.5/5

★★★★★ 4.5/5

Customer support

★★★★★ 4/5

★★★★★ 3/5

Mobile app

★★★★★ 4.4/5

★★★★★ 4.8/5

Research and tools

★★★★★ 5/5

★★★★★ 3/5

Reliability

★★★★★ 5/5

★★★★★ 2/5

To learn how our star ratings are calculated, read the methodology at the bottom of the page.

How do Webull and Robinhood compare?

WebullRobinhood
Webull logo
Open an account
Robinhood logo
Open an account
Finder’s rating

★★★★★ 4.4/5

Webull is a trading platform that offers real-time market data. There are no initial deposit requirements or commissions. It is especially convenient for active traders who want research and analytics tools.

★★★★★ 3.5/5

Robinhood’s stock and option trading platform is beginner friendly and doesn’t charge commissions. It is best suited to first-time investors, small quantity investors and cryptocurrency investors.

Stock trade fee$0$0
Option trade fee$0$0
Annual fee0%0%
Minimum deposit to open$0$0
Benefits
  • Get a retirement account. Webull lets you open a traditional, Roth or rollover IRA. Some trading platforms don’t offer access to retirement accounts.
  • Reliable. No major service outages have been reported for this platform.
  • Options trading. Webull’s lineup of tradable securities is limited, but it recently added options trading to the roster — an attractive perk for advanced traders.
  • Cash Management. Sweep uninvested cash into a checking account that pays interest.
  • Fast approval. Deposits of up to $1,000 are approved in seconds.
  • Beginner-friendly platform. Much of Robinhood’s praise stems from its intuitive platform for first-time traders.
Drawbacks
  • No 529 plans. If you want to open a 529 college savings plan, you must look elsewhere.
  • Limited account options. Investors seeking a joint account need to look elsewhere.
  • Margin requirements. Webull margin accounts are only available to those with at least $2,000 on hand, and rates range as high as 6.99%.
  • Service outages. Robinhood appeared in the headlines several times in early 2020 for reported service outages.
  • Limited support. Customer support is only available by email.
  • No IRAs. Robinhood doesn’t offer retirement accounts.
Tools and research
  • Watchlists. Assemble watchlists that monitor stock price, volume, market movement and more.
  • Charts. Wield advanced charting tools equipped with numerous indicators, chart types, time intervals and drawing tools. Covered stats include highs, lows, dividend yields, financial forecasts and press releases.
  • Markets. Track data across the global, US, Hong Kong and crypto markets, with net inflow, rankings, trends and market news.
  • Screeners. Create customizable screeners to monitor stocks by market caps, prices, percent changes, volume, turnover rates and listing dates.
  • Newsfeed. Access news articles from the Financial Post, MarketWatch, Reuters and the New York Times on its website.
  • Daily stock information. Review Robinhood’s daily rundown of significant movers within the market.
  • Robinhood Gold. Pay an added $5 monthly to access Robinhood Gold: equipped with Morningstar and NASDAQ Level II Market Datastock research reports.
Reputation and customer reviews
  • Reviews are: Mixed.
  • Customers praise: Low fees and robust research tools.
  • Customers complain about: Account verification delays and mobile app functionality.
  • Reviews are: Mostly negative.
  • Customers praise: Commission-free trades and an easy-to-navigate platform.
  • Customers complain about: Limited customer support and delays in the cash withdrawal process.
Apple App Store reviews

★★★★★ 4.7/5

★★★★★ 4.8/5

Google Play Store reviews

★★★★★ 4.5/5

★★★★★ 4.3/5

Support
  • Phone. Call 1-888-828-0618
  • Secure message. Message via the app
  • Email. customerservice@webull-us.com
  • Email. Fill out an online support ticket request on Robinhood’s website for an email response from the customer service team.
Learn more

Read our review

Read our review

Bottom line

Webull and Robinhood share some common ground: They both offer commission-free trades and have no minimum deposit requirements. But in the end, Webull charges through its competitor with robust research tools, a reliable platform and more comprehensive customer support.

If you’re ready to sign up, use the buttons below to head to the Webull or Robinhood site. If neither one of these platforms seem like the right fit, compare other options.

Frequently asked questions

How we rate trading platforms

★★★★★ 5/5 — Excellent

★★★★★ 4/5 — Good

★★★★★ 3/5 — Average

★★★★★ 2/5 — Subpar

★★★★★ 1/5 — Poor

We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.

For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

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