Webull and Robinhood are two of the best mobile-first trading platforms available.
Both offer commission-free stocks, exchange-traded funds (ETFs) and options, fractional share trading and direct access to cryptocurrency. While Webull has more advanced trading tools and tradable assets, Robinhood’s user-friendly trading platform is one of the most intuitive trading apps we’ve reviewed.
These trading apps are solid choices whichever way you go, but they cater to different types of investors.
Here’s how they compare.
 Webull |  Robinhood | |
| Finder Score | ★★★★★9.2/10 | ★★★★★9.2/10 |
| Minimum to open | $0 | $0 |
| Annual fee | $0 | $0 |
| Stock trade fee | $0 | $0 |
| Options trade fee | $0 | $0 |
| Options contract fee | $0 | $0 |
| Crypto trade fee | 1% spread | 0.45% spread |
| Investment options | Stocks, ETFs, options, index options, cryptocurrency, futures, money market funds, US Treasuries | Stocks, ETFs, options, index options, cryptocurrency, futures, event contracts |
| Bonus offer | Get up to 75 free fractional shares when you deposit $25,000 or more | Earn between $5 and $200 to spend on whole or fractional shares of any of the 26 available stocks. |
| ACATS fee | $75 | $100 |
| Inactivity fee | $0 | $0 |
| Customer support | 24/7 support, phone support | 24/7 support, live chat, phone support |
| Mobile app reviews | Apple App Store: 4.7/5 stars based on over 313,700 reviews Google Play Store: 4.5/5 stars based on over 198,000 reviews | Apple App Store: 4.2/5 stars based on over 4.5 million reviews Google Play Store: 4.2/5 stars based on over 512,000 reviews |
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Both apps offer similar features, but Webull edges ahead by offering a robo-advisor and paper trading.
| Webull | Robinhood | |
|---|---|---|
Robo-advisor | Yes | No |
Human financial advisor | No | No |
Fractional shares | Yes | Yes |
IRA match | None, until Webull Premium launches | 3% year-round match but requires a $5 monthly Gold membership, or get a 1% match without Gold |
Cash sweep rate | 3.75% APY | 4% APY, but requires a $5 monthly Gold subscription |
IPO access | Yes | Yes |
Instant buying power | Yes | Yes |
Paper trading | Yes | No |
24/5 trading | No, extended hours only | Yes |
Educational resources | Yes | Yes |
Webull and Robinhood offer distinct trading platforms tailored to different types of investors.
Webull is geared towards more experienced traders, providing advanced charting tools, technical indicators and customizable charts. It also offers paper trading, allowing users to practice strategies with virtual money. Webull provides in-depth market data, including real-time quotes, Level 2 market data (for a fee), financial calendars and news feeds, along with powerful screeners for identifying investment opportunities.
Robinhood is designed for simplicity and ease of use, making it ideal for beginners and intermediate traders and investors. It features a straightforward, user-friendly interface. And while Robinhood Gold offers Morningstar research and Robinhood’s new trading platform, Robinhood Legend, is a dedicated advanced trading platform, Robinhood overall lacks many of the advanced analytical capabilities found in Webull.
Overall, Webull caters to traders seeking more sophisticated tools and data, whereas Robinhood appeals to those who prefer a simpler, more intuitive trading experience.
Webull and Robinhood are frontrunners among other stock trading apps. Both offer commission-free stock, ETF and options trading, with no options contract fees. Both also offer 24/7 customer support, fractional shares, high-yield cash sweep programs and educational resources to help you learn and grow as a trader and investor.
Neither offers access to a human financial advisor, but both offer IRA match programs. However, Webull’s IRA match bonus is only available for a limited time, and to access Robinhood’s year-round 3% match, you’ll need to subscribe to Robinhood Gold for $5 per month.
Robinhood is hard to beat if you want a low-cost, intuitive trading experience that simplifies investing. Robinhood makes it incredibly easy to sign up and start investing and offers some of the lowest fees among brokers we review.
Meanwhile, its educational content is straightforward and helpful for those just starting, and its IRA match program can incentivize beginners to start investing.
Webull is the clear choice for advanced traders. Its platform is tailored to active traders, offering advanced charts, financial analysis tools, a dedicated, customizable desktop platform and a paper trading account to test your trading strategies.
Webull and Robinhood’s brokerage accounts are SIPC-insured up to $500,000, including $250,000 for cash claims. Security for their cash sweep programs and crypto varies a bit.
Cash deposited into Robinhood’s cash sweep program is eligible for FDIC insurance of up to $2.25 million, while Webull’s Cash Management account offers FDIC insurance of up to $1 million. In terms of cash sweep programs, Robinhood is the winner.
Most coins with Robinhood Crypto and Webull Pay — through Bakkt Crypto Solutions — are held in cold storage. Both platforms offer two-factor authentication and are registered with FinCEN as a money services business. Both also carry crime insurance to help protect assets against potential loss, including cybersecurity breaches. Webull and Robinhood are tied here.
In June 2021, the Financial Industry Regulatory Authority (FINRA) fined Robinhood approximately $70 million, the largest financial penalty ever ordered by FINRA, for misleading customers regarding options trading and for outages experienced in March 2020.(1) Robinhood settled with FINRA, neither admitting nor denying the charges.
Likewise, in March 2023, FINRA fined Webull $3 million for not conducting proper due diligence before approving customers for options trading.(2) Webull settled with FINRA, neither admitting nor denying the charges.
These two are very close, so it really comes down to preference and situation.
If you want an incredibly user-friendly platform, Robinhood is hard to beat. It’s also building out its advanced trading tools, which will appeal to active traders.
On the other hand, if you want access to US Treasuries or money market funds or just prefer a more expansive collection of trading tools, Webull might be the better option.
Both Webull and Robinhood have limited investment options. If you’re looking to build a more diversified portfolio, plenty of options are available.
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