Robinhood vs Webull

Robinhood vs Webull Comparison Table 2023
Robinhood Review 2023 Webull Review 2023
0.9

Robinhood is #38 in our broker rankings.

We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
4.4

Webull is #7 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Robinhood is an American stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust US regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.

Bonus Offer
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker." "Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."
Pros
  • Crypto trading available with no commission fees and a low minimum deposit of $1
  • Intuitive mobile trading app with 24/7 live support and in-app stock market news
  • Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners
  • Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment
  • Robinhood Cash Card offers weekly bonuses invested into stocks and crypto, as well as cashback on popular brands
  • Receive NFTs on the Polygon and Ethereum network and connect to decentralized applications via your Robinhood wallet
  • Respected broker regulated by the SEC and FINRA
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • Zero commissions or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares available
Cons
  • Not available outside the US
  • Limited research and education tools compared to other brands
  • Previous lawsuits and negative press surrounding the firm's controversial business practices
  • Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes
  • Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5%
  • The broker falls short in terms of in-depth analysis and research tools, which may deter novice traders
  • Concerning history of security breaches
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
  • Narrow range of payment methods
  • No MetaTrader 4 access
Instruments
Stocks, Options, Crypto, ETFs Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares
Demo Account
No Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Desktop App
  • Web Terminal
Payment Methods
Minimum Trade
$10 0.00001 (Fractional Share)
Regulator
SEC SEC, FINRA
Margin Trading
No Yes
Margin Rate
2.5% 5.49% - 9.49%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows iOS & Android
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Forex Trading
Forex trading not offered Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.
GBPUSD Spread
0.4
EURUSD Spread
0.2
EURGBP Spread
0.4
Assets
15+
Cryptocurrency
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak. Webull offers trading on 8 popular cryptos through its Webull Pay app. With premium analysis tools, traders can review market trends and identify opportunities in a few taps.
Spread
0% Floating
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • SOL
  • DOGE
  • BTG
  • OMG
  • XMR
  • QTUM
  • DASH
  • XRP
  • XLM
  • ZEC
  • NEO
  • LSK
  • BTC
  • BCH
  • DOGE
  • ETC
  • ETH
  • LTC
  • SHIB
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Robinhood
vs
Webull
vs