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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
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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
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Margin borrowing increases your level of market risk, as a result it has the potential to magnify both your gains and losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. Regardless of the underlying value of the securities you purchased, you must repay your margin loan. Robinhood Financial can change its maintenance margin requirements at any time without prior notice. If the equity in your account falls below the minimum maintenance requirements (varies according to the security), you’ll have to deposit additional cash or acceptable collateral. If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval. For more information please see Robinhood Financial’s Margin Disclosure Statement, Margin Agreement and FINRA Investor Information.
Margin trading involves risk and may not be suitable for all investors. Borrowing on margin increases your level of market risk and can amplify both gains and losses.
Robinhood Financial may change maintenance margin requirements at any time without prior notice. If the equity in your account falls below minimum maintenance requirements, you may need to deposit additional cash or collateral. If those requirements are not met, Robinhood Financial may sell securities in your account without prior approval.
The 3% matching on annual contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year from the date of the first eligible deposit to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. Offer only applies to self-directed IRAs. For more information refer to the IRA Match FAQ.
You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
The 3% matching on annual contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year from the date of the first eligible deposit to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. Offer only applies to self-directed IRAs. For more information refer to the IRA Match FAQ.
You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
Robinhood Strategies charges an annual management fee of 0.25% on the net portfolio value of each managed account. Eligible Robinhood Gold subscribers pay no management fees on the portion of their managed account net portfolio value that exceeds $100,000, thereby limiting the annual management fee to $250. Other fees apply.
All investments involve risk and loss of principal is possible.
Brokerage services are offered through Robinhood Financial LLC, ("RHF") a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, ("RHS") a registered broker dealer (member SIPC).
RHF and RHS are not banks. All are separate but affiliated entities. Securities offered by RHF are not FDIC insured and involve risk, including possible loss of principal.
Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.
Portfolio management of managed accounts by Robinhood Asset Management, LLC (“Robinhood Strategies”), an SEC-registered investment advisor.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before trading options.
Cryptocurrency trading is offered through Robinhood Crypto, LLC (NMLS ID 1702840). Trading and holding digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.
*Trading and owning digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency trading is 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.
** Network fees may apply. Availability may be subject to regulatory approval in certain states.