Webull vs Robinhood 2021: The Ultimate Comparison

Webull vs Robinhood66

In older times, if you ever need to invest your money in the shares of a company or to trade your stocks with companies, you need to make your operation successful with the help of a professional broker.

And asking a broker to help you was a great inconvenience that people have to go through. 

In simpler words, to trade your shares or stock traditionally, you have to choose between two options.

The first and the simpler one is to ask help from a professional broker and pay out his commission and fees, and you’re good to go. 

The second and the complicated one is to make your way out with the help of a middleman and hence have to hemorrhage your dividends.

Since this proves to be a hurdle for many people, climbing a steep learning curve was enough to turn young brokers out of the stock market. 

Hence by considering these problems, Robinhood and Webull came into being and helped users to empower their trade stocks, ETFs, and a lot more.

Therefore a comprehensive comparison is being provided to you below to make you aware of both of these broker apps. 

What Is Robinhood? 

What Is Robinhood

Robinhood was launched in 2016, and as soon as it came into being it made big waves and became instantly popular among the stock folks.

Robinhood is a broker app that charges zero commission and zeroes trade fees while buying or selling stocks from the traders. 

By no minimum balance policy of the Robinhood, users can start selling or buying their stocks or shares without even being worried about a specific amount to be leftover in the app. 

Though you still are paying SEC and FINRA fees, all over, not a single penny is charged from you. 

Via Robinhood, users can trade their stocks, ETFs, and if we talk about recent events, cryptocurrency too can be traded with ease.

The owner of the apps claims that they have prevented the users from paying up to S1 billion in commission since this broker app was launched. 

As the competition of the broker apps has been stepped up to the next level, Robinhood is determined to stick to their easy to use platform strictly and provide users with essential trading options for free.

Though this app lacks to provide traders with advanced features, if you’re fresh to the stock market, this app would be your viable consideration.

What Is Webull?

What Is Webull

Webull came into being in 2017, and as soon as it was launched, Robinhood knew that they’ve got competition now.

Just like the policies of Robinhood, this Webull broker app charges zero commission and zero trade fees while buying or selling stocks from the traders.

Though just like in Robinhood, you still need to pay SEC and FINRA fees. All over, not a single penny is charged from you. 

Moreover, following the policies of the Robinhood, Webull also features no minimum balance policy and enable users to buy or sell their stocks or shares without even being worried about a specific amount to be leftover in the app.

Though Webull doesn’t offer users to trade Cryptocurrency yet, if compared to Robinhood, Webull is enriched with premium tools that Robinhood lacks, and provides users to trade their stocks, ETFs efficiently. 

By providing users with a slightly steeper curve and making users fully aware of each and everything you need to know in this app, Webull is a choice of professional traders.

Webull Vs Robinhood – Summary:

webull vs robinhood

Robinhood and Webull, both are considered to be one of the finest brokerage apps, that empowers users with a platform that makes it easier for the users to perform trade of their stocks by simply using their smartphone.  

Both of these apps are controlled and maintained by the SEC ( Security and Exchanges Commission) and FINRA (Financial Industry Regulation Authority).

Whereas SIPC ( Securities Investor Protection Corporation) ensures the traders that their investments will be kept protected and insured. 

In much simpler words, both Robinhood and Webull brokerage apps are legitimate.

Robinhood Investment Options:

If we talk about the recent progress of Robinhood, this app’s chief advantage over Webull is obvious and that is Robinhood offers all the options along with the trading of cryptocurrency to the users.  

But according to the reports of March 2021, Webull sites indicated the owners of Webull are about to add crypto sooner or later to their app, but until then, if you’re looking to trade crypto along with availing other trading options, then Robinhood proves to be the one-stop solution for you.  

With Robinhood, you’ll be able to receive a much better margin trading fee for smaller amounts, hence for a margin of 1000 dollars, Robinhood will charge only 5 percent on the actual amount, which will be 5 dollars per month. 

On the other hand, Webull charges up to 6.99 percent on the margins up to under 25000, which is more expensive than the charges of Robinhood. 

Moreover, Robinhood is compatible when it comes to buying or selling fractional shares, which means that you don’t have to plunk a whole of 800 dollars to obtain a share of TSLA, whereas Webull doesn’t offer users to buy fractional shares. 

Webull Investment Options:

While Webull lacks the option to provide users with trade cryptocurrency, Webull offers significantly more advanced tools and analytics techniques than Robinhood and informs the trader about every information of the stocks and ETFs. 

Webull offers users a comprehensive list of features, but the most popular ones are as stated:  

  1. Cash flow reports.
  2. Income statements.
  3. Balance sheets.
  4. Streaming news.
  5. Morningstar reports.

If you love to operate your trade often and quickly, and don’t want to switch to any other trading platform such as Yahoo! Finance, that Webull proves to be a much better option than Robinhood.

Moreover, if you’re hunting for a platform that enhances your trading abilities and makes you perfect in your trading, then Webull offers users paper trading accounts. 

You must be wondering what paper trading is, to make it easier for you, paper trading operates just like a normal trade does, but to enhance your trading skills, paper trading uses fake money.

The advantage of using paper trading is that it enables a fresh trader to sharpen his skills.

With the realistic operation of paper trading, a trader will be able to witness the thrill of chasing his account balance bouncing up and down without the risk of affecting his portfolio.

Robinhood doesn’t offer a paper trading function and hence isn’t helpful for the newcomers to practice the necessary functions of trades. 

Last but not the least, Webull enables users to perform short trading, whereas Robinhood doesn’t.

Some traders consider short trading to be immoral whereas, for some traders, short trading is a part of the natural order.

Hence since it’s an unbiased opinion, if you want to perform short trading, then Webull is a platform you should opt for.

Webull Vs Robinhood Investment Performance:

Webull Vs Robinhood Investment Performance

While considering all of the facts and figures of both of the brokerage app, we’ll suggest that Robinhood is a much better place for a starter to learn the essentials of trading whereas Webull proves to be a much better platform, if you are looking forward to generating some dollars. 

If you’re looking for a platform that is easier and simple to be accessed by users and is friendly for the part-time investors that are in need to diversify their portfolio effectively with a flat learning curve, then Robinhood will suit you best with your taste.  

On the other hand, if you’re looking forward to performing short trading and have always desired to receive better analytics of your trades, then Webull proves to be a much better platform for you to generate profit.

Webull Vs Robinhood – Pros:

Robinhood Pros:

  • Robinhood is a great option when it comes to purchasing and selling assets that can be traded. The interface of this platform is also pretty clean, simple, and great for novices.
  • Low pay up on margin accounts – The service only deducts $5 per month for a loan of up to $1000, and 5% thereafter. However.
  • This service requires you to maintain an account balance of $2000 to be eligible for a loan.
  • Trade cryptocurrency – Robinhood is one of the platforms that allow crypto trading.
  • This opponent brand seems to be lacking this feature (for the time being.) 

  Webull Pros:

  • Better Statistics–  Webull is known to provide better statistics than Robinhood. These statistics include access to cash flow reports, balance sheets, Morningstar reports, and more in-platform services. This allows you to save time.
  • Short selling-enabled – If you could care less about the controversies regarding short selling, Webull gives you access to this service.
  • Practice trading – This platform is well-known for offering paper trading accounts. These accounts operate similarly to the real trading accounts but involve fake currencies. This can help you practice and be better.

Webull Vs Robinhood – Cons:

Robinhood Cons:

  • Lesser analysis and research tools – Robinhood keeps it no secret that they want to keep their UI Streamlined. In steps of chasing this goal, the services are only able to offer very little with regards to real-time data and analysis. There are many users of the platform that have reported that they feel inconvenience in switching to third party apps. 
  • No options for Retirement Accounts. However, the opponent stays one step ahead in this regard.
  • Not so good Customer Support. A lot of its Users report that getting in touch via email with the team of the platform is not easy. 

  Webull Cons:

  • Difficult interface than the competition. – Webull’s interface resembles something that a professional broker is used to seeing. The difficult user interface makes it difficult for beginners on the platform. 
  • Crypto Trading Unavailable – At this stage, Webull Lacks the options to make crypto trading available for its users. However, all hope is not lost as they have announced that they will be adding crypto trading to their platform shortly.
  • Difficult for Novices– As the User Interface is pretty typical, using the platform is nothing short of being hard. Granted that the platform has provided better tools in terms of real-time data, analytics, and background research, but it comes at the expense of easy use. 

Why Choose Robinhood?

Why Choose Robinhood2

Is Friendly Towards New Investors:

Robinhood is completely geared to benefit the youngsters that are starting with their careers as young traders.

Comprising a comprehensive, simple and streamlined platform, it’s easy to use this brokerage app. 

Thanks to the instant verification technology Robinhood comes with, you’ll be able to sign up, transfer funds, and make trades instantly. 

Hence. Robinhood is barebones but simple whereas Webull is comprehensive but complex.

Provide Users With a Solid Cryptocurrency Platform:

Although people prefer using for trading cryptocurrency, Robinhood brings something new to the table as it gives the users the ability to trade other assets on the same platform any time of the day.

The best part about Robinhood is that it charges no commission.

However, it must be kept in mind that crypto trades are not backed by any regulatory body in terms of insurance.

This stance of Cryptocurrency however might be temporary, but even then,  Robinhood simply comes off as a safer place to trade cryptocurrency.

Why Choose Webull?

Why Choose Webull?

Proves to be a Better Version for Intermediate and Advanced Investors:

Webull has a set of tools that when used, give a comprehensive view of the data. The platform also allows unlimited real-time data streams.

This might come off as overwhelming for novices, however, for investing veterans, this is going to be a delightful addition. 

When it comes to using these platforms on a smartphone, Webull takes the win as their all-in-one approach is especially pertinent and beneficial on a smartphone.

This is so because if you have to switch between different trading and analytics apps, you are bound to lose a lot of precious time.

Enables You to Perform Short Trading From Your Smartphone:

If you have any moral concerns, hold them off for a bit, as short selling can provide numerous reward research, patience, and timing with incomparable high yields.

However, if you are an advanced investor, you must be ready to pull the trigger on short-term trading.

But in case, if you are out of Wi-Fi range or aren’t near a laptop, Don’t worry! As long as you have a data plan or an active 4G/5G, you can open the Webull app and execute a short term trade, which will make legends like Bobby Axelrod proud.

Conclusion!

Personally, the difference between both of the brokerage apps is crystal clear and even a trader that is fresh in the stock market would be able to differentiate between these two apps with ease.

Although the information provided above is enough to enable you to make the right choice for yourself still there’s a thing or two that you’re unclear about, you should review the summary below.

Being powered with a clean interface and limited options, Robinhood clearly emphasizes the investors that are starting with their careers.

Moreover, coming with the robust toolkit and enhanced features, Webull is for sure a much bigger playground for trade fanatics.

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