Robinhood VS Webull

Robinhood vs Webull: Which Trading Platform Is Right for You?

Robinhood and Webull are two of the most popular investment platforms in the U.S. Both support stocks, ETFs, and options, but they differ in trading tools, margin pricing, and asset coverage.

Robinhood is mostly used by new investors due to its clean mobile app and simple workflows. Webull on the other hand, is used by experienced traders as it offers advanced charting, paper trading, futures, and more market data out of the box.

Let’s compare both of these trading platforms on different criteria so that you can decide which trading app you want to download and start your online trading journey.

Robinhood vs Webull: Comparison Table

Robinhood vs Webull: Pricing & Fees

Both Robinhood and Webull offer $0 commission trades on stocks, ETFs, and options, but the fine print matters.

Robinhood

• Stock/ETF/Options: $0 commissions.
• Options Contracts: No per-contract fee, though small regulatory fees apply.
• Crypto: Trades available within the app, but spreads aren’t disclosed.
• Margin Rates: 4.7%–5.75%, lower for Robinhood Gold subscribers.
• Transfer-Out Fee: $100 if moving your account.

Webull

• Stock/ETF/Options: $0 commissions, plus extended hours trading included.
• Options Contracts: No per-contract fee, small regulatory pass-through fees.
• Crypto: Crypto trades available through Webull Pay with 1% disclosed spread.
• Margin Rates: It ranges from 4.65% to 8.74% depending on balance.
• Transfer-Out Fee: $75 if moving your account.

Assets & Investment Options

Both Robinhood and Webull provide a wide range of assets, but they differ in market depth and variety.

Robinhood

• Stocks & ETFs: U.S.-listed stocks and ETFs.
• Crypto: Buy and sell popular coins directly in the app, though spread fees aren’t disclosed.
• Fractional Shares: Available for both purchases and dividend reinvestments.
• What’s Missing: No access to mutual funds, bonds, most OTC equities, foreign-domiciled stocks.

Webull

• Stocks & ETFs: U.S.-listed stocks and ETFs.
• Crypto: Trade via Webull Pay, with spreads averaging approximately 1%.
• Futures & OTC: Supports futures contracts, OTC stocks, and ADRs, giving more options to traders.
• Fractional Shares: Supported for purchases and dividend reinvestments.
• What’s Missing: No mutual funds or bonds.

Trading Tools & Learning Curve

Robinhood prioritizes simplicity and speed with basic charts and an easy mobile UX, plus Morningstar reports in Gold. Webull offers advanced charting, dozens of indicators, stock screeners, earnings calendars, optional Level 2 data, and paper trading to test strategies. Expect a steeper learning curve with Webull in exchange for power.

Premium Plans

• Webull Premium: Webull Premium costs $3.99/month or $40/year and pays 4.1% APY on uninvested cash. Subscribers also get improved margin rates, enhanced market data, and periodic IRA-match promos that have reached 3–3.5% in recent offers.
• Robinhood Gold: Robinhood Gold costs $5/month or $50/year and raises cash-sweep yield to 4% APY. It also adds a 3% IRA match (1% without Gold), subject to keeping Gold for one year and IRA funds for five years. Furthermore, it also offers $1k of interest-free borrowings.

Platform coverage & customization

Both offer iOS/Android apps and a web platform, but Webull also provides a full desktop app with deeper layout customization and charting depth. Watchlists and alerts sync across devices on both; Webull suits multi-screen, active trading, while Robinhood prioritizes quick, minimal, mobile-first flows.

Desktop Experience

• Robinhood: Robinhood now offers Robinhood Legend. It is a desktop trading system with real-time data, customisable charts, and linkable widgets for multi-panel workflows. It also offers trade in the chart, technical indicators, drawing tools and even custom intervals to analyze trends by day, hour, minute or seconds.
• Webull: Webull has downloadable desktop software available for Windows, macOS, and Linux with pro-level tooling. It has advanced cross-platform charting, hotkeys, price ladder/Active Trade panels, screeners, Level 2 (optional), and paper trading. It is for traders looking for speed and customization.

Regulation & Safety

Both platforms are SIPC members (up to $500,000 total coverage, $250,000 for cash) and operate under SEC/FINRA oversight.

When to Choose Robinhood or Webull?

Final Verdict: Robinhood or Webull?

If you want a simple mobile investing experience, a lower entrance threshold through Gold, and a quick on-ramp to stocks, ETFs, options, and cryptocurrency, choose Robinhood. Pick Webull if you need advanced tools, paper trading, and access to futures/OTC alongside commission-free trading. Need help deciding? Reach out to our software experts or the Techjockey Team for a free consultation and demo of the best U.S. investment platforms for your use case.