Webull Vs. Robinhood: Which Commission-free Trading Platform is Better?

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Webull

Webull is a zero-fee fintech start-up. Founded in 2017, Webull is regulated by FINRA and SEC. With Webull, you can trade options, ETFs, and US stocks without an inactivity fee. Opening an account with Webull is fully digital, fast, and seamless. The Webull platform is user-friendly, well-structured, and has many different order types.

Webull 0 Commission Trading

 

Robinhood

Established in 2013, Robinhood is a zero-fee discount brokerage. It is regulated by financial authorities like FINRA and SEC. Robinhood is well-known for its Cash Management Services that help you earn some interest in an uninvested amount. The web and mobile trading platforms of Robinhood are well designed and user-friendly. Opening an account with the broker is fully digital, quick, and flawless.

Webull Vs. Robinhood:

Webull

Robinhood

Benefits

  • Free Trading

  • Real-time market data

  • Commission-free short selling

  • Advanced mobile app

  • Trading Simulator

  • 2 Free Stocks

  • Free Trading

  • Ease of Use

  • Saving Account + Checking Account

  • Beginner-friendly platform

  • Cryptocurrency offered

  • 1 Free Stock

Types of Platform

Web Platform, Paper Trading, iOS, Desktop, Android

Web Platform, iOS, Android

Trading Options

ETFs, Stocks, Short Selling, and Options

Stocks, Cryptos, Options, and ETFs

Security

Regulated by the Securities & Exchange Commission and Financial Industry Regulatory Authority. Webull also protects its investors by high investor protection amounts.

Regulated by the Securities & Exchange Commission and Financial Industry Regulatory Authority. Robinhood offers strong investor protection as well.

Fees

Webull provides commission-free trading for US-based options, stocks, and ETFs. If you make use of ACH, there are no withdrawal fees and inactivity fees. And the USD margin rate for Webull is 7%.

ETFs and US stocks trading are free. Robinhood does not charge a withdrawal or inactivity fee. And the USD margin rate for Robinhood is 8%.

Supported Languages

English & Chinese

English, Chinese

Supported Countries

USA, China, India, Turkey, Brazil, Malaysia, Japan, Korea & the Philippines

It is supported in almost all countries.

Deposit & Withdrawal Methods

Bank Transfer

Bank Transfer

Education

Webull offers both educational content and a demo account. In the demo account, you can use every feature of the live account.

Robinhood offers educational texts only that are simple to understand. The texts are useful for beginners and structured logically.

Customer Support

Email, phone, and message center via trading platforms. There is no live chat.

Email-only. There is no live chat, 24/7 support, or phone support.

Robinhood Platform

Conclusion

Both Webull and Robinhood offer commission-free trades without minimum account balance. Webull is geared towards the intermediate and advanced investors with its advanced features and a robust toolkit. If you are looking for fundamental or technical data, consider Webull. While Robinhood is best for beginners with its limited options and clear interface. It is best for those looking to trade cryptos, options, US stocks, or ETFs.

It can be concluded that Webull has an upper hand as it offers a trading simulator and various research tools for long-term and active traders.

However, since both Webull and Robinhood are commission-free trading platforms, you can try both of them and find out which is the best for you!