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If you're new to the investment game and deciding between Robinhood and Webull, you're not alone.
Both platforms have gotten pretty popular with newer investors thanks to commission-free trading, sleek apps, and relatively low barriers to getting started. As someone who's just taking their first steps into the investing world, I've definitely given both of them a look.
At a glance, the two platforms are pretty similar. Both let you buy stocks and ETFs without paying commissions, trade options and crypto, and even manage your investments from a mobile app.
But once you dig into the details, you'll see a few important differences pop up. Keep reading to learn which one's best for you.
A top pick for beginners, Robinhood combines $0 commission trades, an easy-to-use app, and a rare retirement deposit match.
$0 on trades of stocks, ETFs and their options. Other fees may apply.
$0
1 Free Stock After Linking Your Bank Account (stock value range $5.00-$200)
On Robinhood's Secure Website.
Webull
Webull is a standout mobile investing app. You can access advanced trading tools on desktop and mobile. Basic trades are commission-free, so it's competitive with similar apps. Consider opening a Webull account for its advanced toolset, more powerful than its closest competitors'.
$0 per trade
$0
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
Robinhood and Webull offer many of the same basic features, including:
Both Webull and Robinhood allow you to trade:
Unfortunately, neither platform currently offers mutual funds, which are more common at traditional brokerages.
Both brokerages also support cryptocurrency trading. They both take no commission on crypto trades, but prices include a small built-in spread markup.
Both Robinhood and Webull offer:
Robinhood also offers a 1% IRA match on contributions for standard accounts and a 3% match for Robinhood Gold members.
Webull Premium offers comparable rates, with members getting up to a 3.5% IRA match.
That makes both platforms some of the better options for retirement savers looking for an easy match.
Both platforms allow options trading with $0 commissions, though regulatory fees still apply.
For more advanced trading, Webull generally offers lower pricing for futures and index options, especially for high-volume traders. Also, Webull Premium users may receive discounts on index options and futures contracts.
That makes Webull a bit more appealing for advanced traders.
While both platforms offer sleek mobile and desktop apps, the experience is a bit different.
Robinhood focuses on simplicity. Its interface is clean and easy to use, which makes it a popular choice for beginner investors. The platform's designed to make buying and selling investments quick and straightforward.
Webull offers a more advanced trading experience. You'll get:
These tools make Webull more appealing to experienced traders who want deeper data and customization.
Both Robinhood and Webull are strong commission-free brokerages, and are great for tech-first investors comfortable with all types of online trades. They serve slightly different types of investors, however.
Robinhood is best for beginners who want a simple investing app with helpful perks like IRA matching and a clean interface.
Want to start saving for your future with commission-free trading, an IRA match of up to 3% with Robinhood Gold, and more? Click here to open a Robinhood account today.
Webull is better suited for more active traders who want advanced charts, research tools, and stronger capabilities for options and futures trading.
The best choice ultimately depends on your investing style, experience level, and which features matter most to you.
Both Webull and Robinhood are viable online brokerages. Robinhood is generally better for beginners thanks to its simple, clean interface and beginner-friendly resources. Webull offers more advanced tools, which makes it better for experienced traders.
Yes, both platforms offer traditional and Roth IRAs. Robinhood provides a 1% match (3% with Robinhood Gold), while Webull Premium offers a match of up to 3.5%.
Neither platform currently offers mutual funds. Both offer stocks, ETFs, options, futures, and crypto.
Motley Fool Stock Disclosures
The Motley Fool has positions in and recommends Alphabet, Intuit, and Target. The Motley Fool has a disclosure policy.Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.
Investing is risky. Bonus offers subject to terms and conditions, visit robinhood.com/hoodweek for more information. Margin is not suitable for all investors. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee. Brokerage services offered through Robinhood Financial LLC (member SIPC), a registered broker dealer.