Webull vs. Robinhood: 2024 Comparison
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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. Robinhood also offers IRA accounts with a lucrative match.
Each broker 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 is best for
Intermediate investors.
Active traders.
Options traders.
Webull at a glance
Account minimum | $0. |
Stock trading costs | $0. |
Options trades | $0 per trade and $0 per contract on equity options. $0.55 per contract on non-equity options such as index options. |
Account fees (annual, transfer, closing, inactivity) | None. |
Interest rate on uninvested cash | 5%. |
Tradable securities |
|
Number of no-transaction-fee mutual funds | Not rated. |
Trading platform | Mobile, browser-based and downloadable desktop platforms available with advanced charts, indicators, screeners and customization. Not the most intuitive buy/sell interface, but it's usable. |
Mobile app | Mobile app offers advanced features including charts and indicators, paper trading, price alerts and voice command. |
Research and data | A handful of data providers including Bloomberg and Refinitiv. |
Customer support options (includes how easy it is to find key details on the website) | Customer support available by phone from 9:00 a.m. Eastern time to 4:15 p.m. Email and in-app help center available 24/7. |
Robinhood is best for:
Mobile users.
Individual taxable accounts and IRAs.
Margin accounts.
Robinhood at a glance
Account minimum | $0 for brokerage accounts, Robinhood Gold accounts and IRAs. |
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.). Matching funds in IRAs may be taken back if money is withdrawn after less than five years. |
Interest rate on uninvested cash | 1.5% for free accounts, 5% for Gold accounts. |
Tradable securities | • Stocks. • ETFs. • Options. • Cryptocurrency. • American Depositary Receipts for over 650 global companies. • Fractional shares. • Bonds only available in the form of bond ETFs. |
Number of no-transaction-fee mutual funds | Not rated. |
Trading platform | Robinhood's mobile and web platforms are known for their smooth sign-up, funding and trading processes. However, the constant pop-up notifications can be exhausting. |
Mobile app | Mobile trading platform includes customizable alerts, news feed, advanced charting and ability to listen live to earnings calls for some companies. |
Research and data | Access to professional research from Morningstar and Level II market data from the Nasdaq Stock Exchange (with Gold subscription). |
Customer support options (includes how easy it is to find key details on the website) | 24/7 chat support. Phone support available from 7:00 a.m. ET to 9:00 p.m. ET. |
» Compare more options: View our list of the best stock apps
NerdWallet rating 4.9 /5 | NerdWallet rating 5.0 /5 | NerdWallet rating 4.1 /5 |
Fees $0 per online equity trade | Fees $0 per trade | Fees $0 per trade |
Account minimum $0 | Account minimum $0 | Account minimum $0 |
Promotion None no promotion available at this time | Promotion None no promotion available at this time | Promotion Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money. |
How do we review brokers?
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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.
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