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Webull vs Robinhood 2023

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Written by StockBrokers.com

January 23, 2023

Is Webull better than Robinhood? After testing 17 of the best online brokers over three months, Webull (85.09%) is better than Robinhood (83.65%). Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.

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Overall RatingWebullRobinhood
Overall 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 3/5 Stars 2.5/5 Stars
Customer Service 3.0/5 Stars N/A
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review Webull Review Robinhood Review
Trading FeesWebullRobinhood
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTCCB) N/A N/A
Mutual Fund Trade Fee N/A N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee N/A N/A
Margin RatesWebullRobinhood
Margin Rate Under $25,000 9.49% 9.75%
Margin Rate $25,000 to $49,999.99 8.99% 9.75%
Margin Rate $50,000 to $99,999.99 8.99% 9.75%
Margin Rate $100,000 to $249,999.99 8.49% 9.75%
Margin Rate $250,000 to $499,999.99 7.99% 9.75%
Margin Rate $500,000 to $999,999.99 6.99% 9.75%
Margin Rate Above $1,000,000 6.49% 9.75%
Account FeesWebullRobinhood
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) $75.00 $100.00
Account Transfer Out (Full) $75.00 $100.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment OptionsWebullRobinhood
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes Yes
OTCBB / Pink Sheets Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 44 17
Mutual Funds (No Load) 0 0
Mutual Funds (Total) 0 0
Bonds (US Treasury) No No
Bonds (Corporate) No No
Bonds (Municipal) No No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesWebullRobinhood
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes No
Order Type - OTO Yes No
Order Type - Broker Assisted No No
BeginnersWebullRobinhood
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes Yes
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No No
Retirement Calculator No No
Investor Dictionary Yes Yes
Paper Trading Yes No
Videos No No
Webinars No No
Webinars (Archived) No No
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading AppsWebullRobinhood
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes Yes
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App FeaturesWebullRobinhood
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes No
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization No Yes
Watch Lists - Total Fields 35 3
Stock App ChartingWebullRobinhood
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 56 6
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes No
Trading PlatformsWebullRobinhood
Active Trading Platform N/A
Desktop Trading Platform Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Paper Trading Yes No
Trade Journal No No
Watch Lists - Total Fields 35 3
Stock Chart FeaturesWebullRobinhood
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 52 6
Charting - Drawing Tools 19 0
Charting - Notes Yes No
Charting - Index Overlays Yes No
Charting - Historical Trades Yes No
Charting - Corporate Events Yes No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis No No
Charting - Study Customizations 2 1
Charting - Custom Studies Yes No
Day TradingWebullRobinhood
Streaming Time & Sales Yes No
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading Yes No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewWebullRobinhood
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds No No
Screener - Stocks Yes No
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation No Yes
Stock ResearchWebullRobinhood
Stock Research - PDF Reports 0 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes No
Stock Research - Social Yes No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings Yes No
ETF ResearchWebullRobinhood
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes Yes
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes Yes
ETFs - Top 10 Holdings No Yes
ETFs - Sector Exposure Yes Yes
ETFs - Risk Analysis No No
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchWebullRobinhood
Mutual Funds - Strategy Overview No No
Mutual Funds - Performance Chart No No
Mutual Funds - Performance Analysis No No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings No No
Mutual Funds - Fees Breakdown No No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation No No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options TradingWebullRobinhood
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming No Yes
Option Chains - Total Columns 23 17
Option Chains - Greeks 5 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming No Yes
Option Positions - Adv Analysis No No
Option Positions - Rolling No Yes
Option Positions - Grouping No Yes
BankingWebullRobinhood
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards No No
Debit Cards No Yes
Mortgage Loans No No
Customer ServiceWebullRobinhood
Phone Support (Prospect Customers) Yes No
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) No No
Live Chat (Current Customers) No Yes
24/7 Support Yes Yes
OverallWebullRobinhood
Overall 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 3/5 Stars 2.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review Webull Review Robinhood Review
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Webull vs Robinhood Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Webull vs Robinhood.

Is Webull or Robinhood better for beginners?

Robinhood offers more comprehensive new investor education for beginner investors than Webull. Webull offers investors access to Paper Trading, Education (Stocks), Education (ETFs) and Education (Options), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Videos, Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about Webull vs Robinhood pricing?

Webull and Robinhood charge the same amount for regular stock trades, $0.00. Webull and Robinhood both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Webull or Robinhood offer a wider range of investment options?

Webull offers investors access to Stock Trading, Fractional Shares, Options Trading and OTCBB / Pink Sheets, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Mutual Funds, Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, Webull and Robinhood both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: Webull or Robinhood?

To compare the trading platforms of Webull and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Webull offers a better experience. With research, Webull offers superior market research. Finally, we found Webull to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. none are offered by Webull while Robinhood offers Debit Cards, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.

Is Webull good?

Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.

Is Robinhood good?

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

Webull vs Robinhood Winner

Overall winner: Webull

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