Looking at Robinhood vs Webull, youll notice a lot of similarities. So this narrowed selection will work well for most investors. Robinhood provides basic SIPC insurance up to $500,000, including $250,000 cash protection. Webull and Robinhood both allow you to trade U.S. stocks, ETFs, options and ADRs (a form of global security that allows investors on American markets access to foreign securities.) Whereas, Robinhood offers a flat 2.50% across the board. This category of traders should slow down and consider how they are investing their money. 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. This distinguishes the platforms from simpler investing apps that dont update you on market prices as they change in real time. Want to put your crypto into a cold wallet for safekeeping or move it to a crypto exchange? In totality, Robinhoods educational content is superior to that of Webull. Webull and Robinhood are two popular online stock trading platforms where users can invest and make trades largely commission-free. Webull and Robinhood both offer free trading of stocks, options and ETFs. Robinhood Gold members can access premium Morningstar research reports and Nasdaq Level II market data for $5 a month. Do not sell or share my personal information. Robinhood lets you invest with as little as $1, and it can divide stock into chunks as little as one-millionth of a share. Whichever you choose, you can fund your brokerage account and set up recurring payments with a free Wise account. 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. Which certificate of deposit account is best? One of the key differences between Robinhood and Webull is in their withdrawal and deposit fees. Though Webull has Nasdaq-approved market data and real-time quotes, its overall educational resources are limited. Customer service is another big differentiator between Webull and Robinhood. The mobile apps interface is streamlined and easy to use. Robinhood has built more of a gamification market, emphasizing its app-based approach and ease of use for new investors. Webulls slightly more complicated interface and meaningfully more complicated data sets will add some friction to a novices trading, potentially pushing them to spend a little more time learning about investment before committing their money. Commission-free trading on options, stocks, and ETFs, Margin accounts and fractional shares available, Great interface on the web platform and mobile application, Limited educational and investment resources, No ability to designate a beneficiary or set up transfer on death. This year, we revamped the review process by conducting an extensive survey of customers that are actively looking to start trading and investing with an online broker. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. What are index funds and how do they work? Home equity line of credit (HELOC) calculator. Robinhood offers roughly 5,000 U.S. stocks and ETFs for trading, while Webull users have access to nearly all of the 7,000 U.S. traded stocks and ETFs. Webull also offers a very well designed, easy-to-use mobile investing app for stock trading and buying cryptocurrency. For more details about the categories considered when rating brokers and our process, read our full methodology. And when youre ready, you can fund your brokerage account and set up recurring payments with a free Wise account. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. On Dec. 16, 2022, Robinhood is raising interest rates for Gold members to 4.15%. Robinhood offers only online customer service options, through a FAQ and email address. Webull and Robinhood are more closely matched here than they had been previously, after Robinhoods relatively recent upgrade to 24/7 call-back support. The Webull web-based and downloadable trading experience is more comprehensive than Robinhoods. The top brokers for advanced traders, like Interactive Brokers, offer far more control over trading technology than either of these platforms. Neither platform has any minimum account balance requirement to get started. Webull offers users a robust screenerwhile Robinhood doesnt provide this key tool at all. "What Are the Fees or Commissions for Trading Crypto on Webull? How To Find The Cheapest Travel Insurance, traditional individual retirement account, Best Investment Portfolio Management Apps, Commission-free stock, ETF and options trading, Ability to transfer crypto off the platform, Access to Level II data for an additional fee, Instant access to funds while waiting for deposits to clear, Easy access to responsive customer service, Very good usability and well-designed app, No way to transfer crypto off the platform, Advanced charting tools, stock screener and paper trading, Nearly 30 cryptocurrencies available for trading on the platform. He has more than 10 years of agency, freelance, and in-house experience writing for financial institutions and coaching financial writers. (Interested in other options? Robinhood lets you invest with as little as $1, and it can divide stock into chunks as little as one-millionth of a share.
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