Answer some questions to get offerswith no impact to your credit score. Bank details to get paid in 30 different countries. Regardless, youll have access to customer support 24/7 and their mobile app on both Android and iOS. How much does it cost to transfer stocks from Robinhood to Webull? News available from Benzinga, Reuters, Bloomberg and WSJ. Also, both companies do not have financial advisors for broker assisted trades, so fees are not applicable here either. Customer support options (includes how easy it is to find key details on the website). Her Encyclopedia of Personal Finance is a teaching tool for financial literacy. . Robinhood charges 2.5% on any money you borrow, while Webull charges . Instant, super-cheap money transfer save up to 6x. Webull also offers the a number of cryptocurrencies for trade. Although, when trading crypto at Robinhood, there may be embedded spread charges which mean that you might pay a higher fee when buying and receive a lower price when selling compared to the market quote. The charts offered by Welbull and Robinhood are easy to read and include real-time quotes. Users can quickly access watch lists, quotes, charts, analyst ratings, and news. Robinhood targets beginner investors, while Webull offers more advanced trading tools. Robinhood and Webull both have a restricted set of account types. And other revolutionary stuff. $100 ACAT outgoing transfer fee. A key point to note here, however, is that Webull and Robinhood were the top two brokers in terms of PFOF. The desktop trading experience is highly customizable at Webull with access to templates for stock, ETF, options, day, and cryptocurrency trading. The transfer fee is $75. Bankrate follows a strict editorial policy, Robinhood mobile is good for basic trades and investing education. Webull wins the category again for active intermediate and advanced traders who need the flexibility of conditional orders to control position entry and exit. But youll have a $75 charge on both trading platforms to transfer your account out to another brokerage. . Theres no deposit fee for an ACH deposit, but they charge $8 for domestic wire transfer deposits and $12.50 for international. Even as it tried to keep a low profile, Webull built up a user base of 2 million retail investors as of last year. That compares to the industry standard of $0.65 per contract, though some brokers offer discounts for high-volume traders. Your financial situation is unique and the products and services we review may not be right for your circumstances. His work has been cited by CNBC, the Washington Post, The New York Times and more. Arielle OShea leads the investing and taxes team at NerdWallet. Webull doesnt charge to transfer your account from another brokerage, and the service currently isnt available for Robinhood. Chris Davis is a NerdWallet investing writer. In our evaluations, the major difference came down to the impression that Robinhood is designed for more casual investors while Webull is a fully featured trading platform. Mobile trading platform includes customizable alerts, news feed, advanced charting and ability to listen live to earnings calls. $0 for brokerage accounts, Robinhood Gold accounts and IRAs. Investing involves risk including the potential loss of principal. Find out which is the best trading app for you. Stocks. She is based in Charlottesville, Virginia. And when youre ready, you can fund your brokerage account and set up recurring payments with a free Wise account. Which certificate of deposit account is best? The customization and advanced charting tools put Webull in a class with much larger trading platforms. Webull is no slouch here either, but not quite as good. Theyre both solid investment platforms with one key difference. Robinhood and Webull cater to the most popular trading categories, meaning that they dont offer some other securities that are usually offered at other brokers (forex, bonds and mutual funds, for example). "Investments You Can Make on Robinhood. But recently an able competitor has emerged in Webull, which offers many of the same no-cost trading features. Remember that on the platform, Webull offers more comprehensive research tools geared towards experienced traders. But investors looking for mutual funds will want to turn to a top broker with an offering in that area. No annual or inactivity fees; $75 full/partial transfer fee. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. Robinhood by far has the best looking app. You can do the same with Robinhood and Webull if you prefer one aspect of one interface over the other. We value your trust. Webull also offers cash and margin individual taxable brokerage accounts. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. Both brokers offer cryptocurrency trading with no out-of-pocket costs, though youll implicitly pay a spread markup on any transactions, so its more like the costs are hidden in the trading price. With Wise, you can withdraw your earnings from your brokers and convert and hold balances in over 54+ currencies. All Rights Reserved. Has advanced features including live earnings calls and news feed, alerts, and various charts. Unlike many other stock trading mobile apps, Robinhoods mobile app has minimal customization and no chart drawing tools nor the ability to trade from the chart. Webull and Robinhood both offer free trading of stocks, options and ETFs. Both accept deposits and withdrawals primarily by bank transfer and charge nothing for this. Webull is a commission- and minimum-free brokerage service that features an extremely easy-to-use mobile app. Robinhood and Webull are two of the most popular investment apps. See more Robinhood alternatives. Here again, though, the educational resources at both brokers still pale in comparison with larger rivals. But until then, Webull remains the winner here, allowing individual accounts as well as IRAs, including a traditional IRA, Roth IRA or rollover IRA. "Webull Financial Releases 'Webull 8.0'. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. That said, a clear negative is that neither Robinhood nor Webull offers trading in mutual funds, which may not be a dealbreaker if youre only choosing these brokers for short-term trading. Webull and Robinhood both have trading limitations in place to protect investors from excessive risks. The differences between Webull and Robinhood are what really matter when youre trying to decide which platform is best for you. Should you accept an early retirement offer? Financial news from top providersWSJ, CNBC, Reuters. Plus, you can hone your trading chops with a paper money account that gives you $1 million in virtual cash and lets you run wild on the trading platform. On the other hand, Robinhood offers a more basic experience geared toward new investors. Robinhood and Webull are two of the most popular investing apps, and millions of users have flocked to them for their ability to quickly trade and track stocks, options and cryptocurrency. "Commission Free Cryptocurrency Investing. If you need low-cost margin, you might opt for Robinhood. Webull, while offering a similar FAQ and e-mail option, also has a customer support telephone number where investors can directly get help. While both platforms offer good user experience, Webull provides more features than Robinhood for experienced investors. The regulatory fees they charge are the same as any other brokerage. They offer well-designed mobile apps that are simple to navigate and offer the features you need to trade on the go. But at 2.5% across the board, Robinhoods annual margin rate comes out on top over Webull. Youll need to pay $5 per month for a Robinhood Gold membership to get a margin account. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Step 2: Lookup a stock and select it by tapping on it. (Interested in other options? Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Webull offers telephone access during trading hours, but wait times can be long. The first is an options regulatory fee from the Options Exchange at $0.02135 x Number of Contracts. Robinhood is a mobile-first brokerage specifically targeting new investors who want a simple app to buy and sell stocks, ETFs, and cryptocurrency. Webull and Robinhood have many similarities, but theres one major difference: Webull offers more sophisticated trading features geared toward intermediate and advanced traders, while Robinhood provides a bare-bones trading platform for new investors looking for a streamlined experience. Webull had the highest per share PFOF $0.01088 during the period we analyzed to $0.00499 per share at Robinhood. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. This makes their product more complex, but also more sophisticated for investors who know how to use this information. Webull and Robinhood are both safe to use. Your funds are just as secure here as with larger brokers like Charles Schwab and TD Ameritrade. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. In the head-to-head contest, Webull is a notch ahead of Robinhood in the basic portfolio analysis features. Sophisticated investors are unlikely to find any significant benefit in Robinhoods ease of use. FINRA doesnt charge over $5.95 per execution for this fee, so neither do they. Webull goes beyond the basic order types and includes specialty conditional orders like one-cancel-the-other (OCO), one-triggers-an-OCO (OTOCO), and one-triggers-the-other (OTO). He is based in Longmont, Colorado. ETFs. Its like a sort of in-house Twitter that can help new users learn about trading by talking to more advanced traders. ", Webull. Webull and Robinhood offer commission free stock trading, ETFs, options, and crypto trading, but Webull has more cryptocurrency pairs than Robinhood. (Not available in IRAs.) And with Webull, youll see more advanced trading features that cater to intermediate and advanced level traders. If youre looking for an easy-to-use investing app, either will do nicely though Webulls charting apps really do add a nice advantage. "What Are the Fees or Commissions for Trading Crypto on Webull? Both Webull and Robinhood offer stock, ETF, cryptocurrency, and options trading. But if youre someone with trading experience who doesnt need investment training, Webull could be the right one for you. If you need slick charting and a paper trading account, then Webull may be your choice. Learn everything about the PayPal Balance account (Formerly PayPal Cash account & PayPal Cash Plus account). Generally, both brokers are comparable in terms of account costs, with no activity fees or ongoing account fees. Webull and Robinhood do not offer mutual funds or futures. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. If youre looking for differences between Webull and Robinhood, youre going to have difficulty. How Much Do I Need to Save for Retirement? Here the fee structures differ. One of the key differences between Robinhood and Webull is in their withdrawal and deposit fees. Webull offers margin trading at interest rates of 9.49% for balances under $25,000 and 5.49% for balances over $3 million. All investing involves risk, including loss of principal. Come, see it yourself and open a free account today. You'll also get to take advantage of Robinhood's wildly popular trading commissions: $0 per trade, or commission-free, though you'll still be paying a built-in spread markup on any trades. This level of unreliability may be a turn-off to traders who need to jump into the market to make a trade at a specific time. Neither platform has any. An author, teacher & investing expert with nearly two decades experience as an investment portfolio manager and chief financial officer for a real estate holding company. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. If you need slick charting and a paper trading account, then Webull may be your choice. What about alternatives? Your broker wants to make money, Robinhood wants to make money, you and me want to make money. Brian Beers is the managing editor for the Wealth team at Bankrate. Robinhood is most suitable for active traders as well as the new investor, while Webull is a mobile-first trading platform suitable for the intermediate investor. Margin trading is available on both platforms as well. Webull supports both buying and selling crypto, but its selection of coins is even more limited than Robinhood's. If you want the full functionality of trading crypto, Webull is a better bet . editorial integrity, Robinhood's 13 million users still dwarf Webull's following, but Webull may . Both Webull and Robinhood offer a few more features: Commission free stock, ETF, options and crypto trading. Are you sure you want to rest your choices? But depending on your trading experience, the best choice for you could swing either way. And Webull offers a $0 minimum deposit and balance on most accountsyou need $2,000 in your account to do margin trading. On Monday afternoon, Johnson & Johnson which owns each of these brands, put a number on it: About $40 billion. Investors who perform in-depth research and trade frequently will find a range of features at Webull. Webull also offers a very well designed, easy-to-use mobile investing app for stock trading and buying cryptocurrency. That said, opening multiple brokerage accounts can have some key benefits, too. We like the simplicity and comprehensiveness of Robinhoods educational content. This model weighs key factors like trading technology, range of offerings, mobile app usability, research amenities, educational content, portfolio analysis features, customer support, costs, account amenities, and overall trading experience according to their importance. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. We maintain a firewall between our advertisers and our editorial team. Beyond support, both products are known for their well-designed user experience. Webull ran the table for our Best Broker for Low-Cost Options Trading, Best Low-Cost Day Trading Platform, and Best Low Cost Options Broker categories. It was really easy. Now Earn 4% APY With Robinhood Gold. Bankrate.com is an independent, advertising-supported publisher and comparison service. Robinhood is solely responsible for forcing the hands of all the other brokers to significantly reduce their fee. Here's an explanation for how we make money of contracts (Min $0.01) - Activity fee on sells, $0.0000051 x Total $ Trade amount (Min $0.01) - Regulatory on sells, $0.02135 x No. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. Compare more options: View our list of the best stock apps, About the author: Chris Davis is a NerdWallet investing writer. It has been built for ease of use and, while this comes at the expense of many more sophisticated trading tools, it excels at this. Read this. Our partners compensate us. Traditional individual retirement account (IRA). For example, if you are a professional trader with years of experience, you may be able to trade at a higher level than the average investor. Robinhood charges $5 per month for access to margin trading, whereas Webull provides the service for free. For most investors seeking low-cost trading, this shouldnt be a problem. Users of the mobile platform can access most features, along with a view designed for the smaller screen. Robinhood is self consciously designed for new investors, but it also incentivizes and enables active trading, which carries higher levels of risk. If opening a retirement account, the 1% match may have appeal over WeBulls retirement account. He has more than 10 years of agency, freelance, and in-house experience writing for financial institutions and coaching financial writers. Robinhood has built more of a gamification market, emphasizing its app-based approach and ease of use for new investors. Webull lets users open a traditional individual retirement account (IRA) or a Roth IRA and accepts IRA rollovers. There are no guarantees that working with an adviser will yield positive returns. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. While we adhere to strict The bulk of investors and traders, however, will appreciate Webull's larger slate of tools and more developed trading platforms. You have money questions. A sample of the new features includes 20 additional technical indicators, expanded market news, added tools for both technical and fundamental analysis, and advanced charting. Information is well laid out and easy to find. Robinhood reports that 84.67% of orders are executed at National Best Bid and Offer (NBBO) or better. Robinhood offers only an individual taxable account for now, but it may finally be about to step up with a move to IRAs, if reports from Bloomberg prove to be true. Live brokerage accounts were also obtained for most of the platforms we reviewed, which our team of expert writers and editors used to perform hands-on testing in order to lend their qualitative point of view. If you want extended market access with low fees, Webull can be a solid option. Home equity line of credit (HELOC) calculator. of contracts - Regulatory fee on buys and sells, $0.02 x No. It continues with its bread-and-butter - no-cost trades on stocks, ETFs, options and cryptocurrency (although the latter has a built-in markup) using its slick mobile app. It lacks the full suite of services you . For me, Webull is 100% the clear winner. so you can trust that were putting your interests first. It also has an online help center for more routine questions. The user interface is accessible throughout the web-based, downloadable, and mobile apps. Or you are just keen to explore what e-books are available from a Kindle store overseas? Both platforms make trading easy and quick, whether from a desktop or a smartphone screen. Given its decent feature set and ease of use, Robinhood is not a terrible option for new investors who want to get started in the stock market. Our team of researchers gathered 2425 data points and weighted 66 criteria based on data collected during extensive research for each of the 25 companies we reviewed. For technical and day traders seeking advanced and customizable charting, Webull is best. For the average investor seeking a low cost platform, however, sophisticated trading technology isnt usually the top priority. See our full comparison of Robinhood and Webull below. Robinhood also offers phone and email customer service options, but the process of reaching support is convoluted, and response time was very slow in our evaluation. Here is a list of our partners. While Robinhood is designed for novice investors, it is likely not a good fit for them. It is not intended to amount to advice on which you should rely. Ask our Investing expert. Robinhood investment options They pass these fees down to the customer. Beginning investors will be fine with the Robinhood mobile app, while those that delve into advanced technical stock and ETF trading, fundamental analysis, and options trading will prefer Webull. However, the platform has also taken some criticism for many of its design decisions, such as a Netflix-like panel at the bottom of each stock, which recommends other equities that you may also like. The idea of nudging users to treat securities like entertainment content has raised concerns that the platform encourages risk-taking behavior among inexperienced users. Robinhood was the first company to roll out a true mobile platform for investments and trading, and its brand has always been that it makes trading easy for novice investors. The Gold Plan has the same basic . Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. Lastly, a niche but highly valuable feature offered by Webull is known as paper trading. Still, you wont have to pony up big bucks for a promotion as you will at the larger brokers, even if youre guaranteed to get a bigger payday there.