Webull and Robinhood have many similarities, but there’s one major difference: Webull offers more sophisticated trading features geared toward intermediate and advanced traders, while Robinhood provides a streamlined trading platform geared toward newer investors.
Each broker has its pros and cons, depending on which category of investor you fall into. See our full comparison of Robinhood and Webull below. (Interested in other options? See more Robinhood alternatives.)
Webull is best for
- Intermediate investors.
- Active traders.
- Options traders.
Webull at a glance
Account minimum | $0. |
Stock trading costs | $0. |
Options trades | $0 per trade and $0 per contract on equity options. $0.30 to $0.50 per contract on non-equity options such as index options. |
Account fees | Annual fee: $0. Inactivity fee: $0. Outgoing transfer fee (partial or full): $75. |
Interest rate on uninvested cash | 3.6% for Premium users. 3.25% for non-Premium users with assets totaling more than $25,000, and 0.5% below that. |
Number of no-transaction-fee mutual funds | None; mutual funds not available. |
Tradable securities | Stocks, ETFs, Treasury bonds, Options, ADRs, Crypto, Futures, Prediction markets |
Trading platform | Five: Web, desktop, two mobile apps (Webull and Webull Lite), APIs. |
Mobile app | Available for iOS and Android. |
Research and data | More than a dozen providers, including Benzinga, Nasdaq Total View, S&P, Dow Jones and CBOE. |
Customer support options (includes how easy it is to find key details on the website) | Customer support is available by phone from 9:00 a.m. Eastern time to 4:15 p.m. Email and an in-app help center are available 24/7. |
IRA match | 1% contribution match for free accounts, 3.5% for paid accounts. |
Robinhood is best for:
- Mobile-first investors.
- IRA investors.
- Margin traders.
Robinhood at a glance
Account minimum | $0 for brokerage accounts, Robinhood Gold accounts and IRAs. |
Stock trading costs | $0. |
Options trades | $0 for equity options. $0.50 for index options, or $0.35 for Gold accounts. |
Account fees (annual, transfer, closing, inactivity) | No annual or inactivity fees. $100 ACAT outgoing transfer fee. Robinhood Gold costs $5 a month or $50 per year. Matching funds in IRAs may be taken back if money is withdrawn in less than five years. Instant withdrawals cost 1.75% of the amount withdrawn, with a minimum fee of $1 and a maximum of $150. |
Interest rate on uninvested cash | 0.01% for free accounts, 3.35% for Gold accounts |
Tradable securities | Stocks, ETFs, Options, Cryptocurrency, American Depositary Receipts for over 650 global companies, Futures, Fractional shares. Bonds only available in the form of bond ETFs. |
Number of no-transaction-fee mutual funds | Not rated; no mutual funds. |
Trading platform | Robinhood's mobile and web platforms are known for their smooth sign-up, funding and trading processes. The broker now also offers a desktop platform, Robinhood Legend. |
Mobile app | Mobile trading platform includes customizable alerts, news feed, advanced charting and ability to listen live to earnings calls for some companies. Reviews are mostly positive, although the average star rating on both iOS and Android is below the 4.5 star line. |
Research and data | Access to professional research from Morningstar and Level II market data from the Nasdaq Stock Exchange (with Gold subscription). |
Customer support options (includes how easy it is to find key details on the website) | 24/7 chat support. Phone support available from 7:00 a.m. ET to 9:00 p.m. ET, Monday - Friday. Decent suite of educational articles and webinar events, and an easily-navigable website. |
IRA match | 1% match on IRA contributions for free accounts, 3% for Gold accounts. |
» Compare more options: View our list of the best stock apps
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Methodology
Methodology
How do we review brokers?
All NerdWallet reviews and lists of the best investing products are created by our editorial team of full-time writers and editors, independent of any business relationships. In this case, our investing team's comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent, balanced assessment of brokerages to help arm you with information to make sound, informed judgments on which ones will best meet your needs. Our highest priority is maintaining editorial integrity.
We collect data directly from brokerages through detailed questionnaires and conduct first-hand testing and observation through demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the brokerages and our specialists’ hands-on research, fuel our proprietary assessment process that scores each broker's performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).
For more details about the categories considered when rating brokers and our process, read our full methodology.
