Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Webull vs. Robinhood

Compare pros, cons, research tools and reviews for these two trading platforms.

Posted

Fact checked

Webull and Robinhood have a lot in common, including commission-free trades and free stocks for new applicants. But when push comes to shove, one of these platforms emerges as a clear winner.

Which one is better?

Based on the star schema system we use to rate trading platforms, Webull edges out its competitor with a composite rating of 4.4 out of 5 to Robinhood’s 3.5 out of 5. Robinhood has plenty to offer, but 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 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

★★★★★ 3/5

★★★★★ 4/5

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

Bonus star

1

We awarded a bonus star for Webull’s paper trading.

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 short-term investors, mobile users and new investors.

★★★★★ 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
  • Paper trading. Webull earned itself a bonus star for the inclusion of its paper trading feature. The ability to test trading strategies on a virtual market is a useful feature — and not typically offered by most trading platforms.
  • 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.
  • Cryptocurrency trading. Few trading platforms offer access to cryptocurrency, helping Robinhood differentiate itself from competitors.
  • 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
  • Limited securities. Webull investors can only trade stocks, ETFs and options contracts.
  • 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

★★★★★ 4.3/5

★★★★★ 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 when push comes to shove, Webull edges out 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.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site