Skip to main content

Robinhood vs Webull: 2023 Comparison

Franklin Carneiro da Silva| Updated: August 3, 2023

Are you confused about whether to choose Robinhood vs Webull as a broker for your investing needs?

In this side-by-side comparison, we analyse Robinhood vs Webull to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

Ideal for
US beginner investors

Robinhood offers commission-free trading, meaning users can buy and sell stocks, cryptocurrencies, options, and ETFs without paying any fees.

Robinhood offers a user-friendly interface that simplifies the investing process. It provides real-time market data, personalized news feeds, and price alerts to inform users.

It is regulated by the Securities and Exchange Commission (SEC), and it is a member of the Securities Investor Protection Corp. (SIPC). Your assets are protected up to $500,000 (of which up to $250,000 is for cash).

Ideal for
US investors looking for commission-free stock, ETF and options trading

Webull is a user-friendly and modern investment app based in the United States, which does not charge a commission when investing in some of its financial products.

It offers trading in stocks, options, ETFs, cryptos, fractional shares, and even Over-The-Counter (OTC) stocks. New users get up to 12 free stocks.

Webull appeals more to beginners but the brokerage also delivers a wide range of tools for more advanced investors (in-depth charting, dozens of technical indicators, customization,…).

Pros and Cons

Pros

  • Commission-free trades
  • IRAs and 401(k)
  • Fractional shares
  • IPO Access
  • No account minimum

Cons

  • No mutual funds or bonds
  • Limited customer support

Pros

  • Commission-free stock, ETF and options trading
  • Fast and easy account opening
  • No inactivity fee
  • No minimum deposit
  • Demo account

Cons

  • Limited product portfolio
  • Expensive for deposits and withdrawals
  • No live chat support
Robinhood vs Webull: 2023 Comparison 3
Robinhood vs Webull: 2023 Comparison 4
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on unninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • RobinhoodAsset 3
  • General Information
  • Founded in2013
  • Demo Account
  • Account Minimum$0
  • Interest on unninvested cash (annually)USD: 4.65%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks0%**Spreads apply
  • EU stocksNot Applicable
  • ETFs0%**Spreads apply
  • Cryptocurrencies0%
  • Custody Fee-
  • Inactivity Fee-
  • Withdrawal Fee-
  • Connectivity Fee-
  • Currency Conversion Fee-
  • Security
  • RegulatorsSEC and FINRA
  • Investor Compensation Scheme(per person, per institution)

    Up to $500,000 for assets (of which up to $250,000 is for cash).

  • WebullAsset 3
  • General Information
  • Founded in2017
  • Demo Account
  • Account Minimum$0
  • Interest on unninvested cash (annually)USD: 5.00%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks$0**Regulatory fees apply
  • EU stocksNot Applicable
  • ETFs$0**Regulatory fees apply
  • Cryptocurrencies1%
  • Custody Fee$0
  • Inactivity Fee$0
  • Withdrawal Fee$0
  • Connectivity Fee$0
  • Currency Conversion Fee$0
  • Security
  • RegulatorsSEC, FINRA, SFC
  • Investor Compensation Scheme(per person, per institution)

    $500,000 (securities up to $500,000, cash up to $250,000) for US customers, and HKD 500,000 for securities and HKD 0 for cash in Hong Kong and China

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

linkedin
youtube