Webull vs. Robinhood: 2022 Comparison

Webull and Robinhood both offer free trading of stocks, options and ETFs. Robinhood targets beginner investors, while Webull offers more advanced trading tools.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.


The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Webull and Robinhood have many similarities, but there’s 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. Each has its pros and cons, depending on which category of investor you fall into. See our full comparison of Robinhood and Webull below. (Interested in other options? See more Robinhood alternatives.)

Webull
NerdWallet rating 

on Webull's website

Webull is best for

  • Intermediate investors.

  • Active traders.

  • Options traders.

  • Cryptocurrency traders.

Webull at a glance

Account minimum

$0.

Stock trading costs

$0.

Options trades

$0.

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fees; $75 full/partial transfer fee.

Tradable securities

  • Stocks.

  • ETFs.

  • Options.

  • ADRs.

Number of no-transaction-fee mutual funds

Not rated.

Trading platform

Browser-based and downloadable desktop platforms available with advanced charts, indicators, screeners and customization.

Mobile app

Mobile app offers advanced features including charts and indicators, paper trading, price alerts and voice command.

Research and data

News, research and analysis available from several sources including Nasdaq Totalview, Morningstar and Dow Jones.

Customer support options (includes how easy it is to find key details on the website)

24/7 phone, email and chat.

Robinhood
NerdWallet rating 

on Robinhood's website

Robinhood is best for:

  • Mobile users.

  • Individual taxable accounts.

  • Margin accounts.

Robinhood at a glance

Account minimum

$0 for brokerage account and for Robinhood Gold account.

Stock trading costs

$0.

Options trades

$0.

Account fees (annual, transfer, closing, inactivity)

No annual, inactivity or ACH transfer fees. $100 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.)

Tradable securities

• Stocks.

• ETFs.

• Options.

• Cryptocurrency.

• American Depositary Receipts for over 650 global companies.

• Fractional shares.

Crypto availability

15 coins in 48 states.

Number of no-transaction-fee mutual funds

Not rated.

Trading platform

Web platform is simple but meets basic investor needs.

Mobile app

Mobile trading platform includes customizable alerts, news feed, candlestick charts and ability to listen live to earnings calls.

Research and data

News available from Benzinga, Reuters, Bloomberg and WSJ. Gold members have access to research from Morningstar, Nasdaq, Nasdaq Totalview level II Market Data for an additional $5 per month.

Customer support options (includes how easy it is to find key details on the website)

Email, social media, in-app request-to-call service 24/7.

» Compare more options: View our list of the best stock apps

Methodology

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. 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. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

Get more smart money moves – straight to your inbox
Sign up and we’ll 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.