Compare Robinhood versus WeBull: IRA, commissions, investing fees, trading tools, account differences, pros and cons. Which online broker is better in 2019?

Overview of Robinhood and WeBull

If you’re looking for the lowest-cost broker, you probably have already heard of Robinhood. It has new competition from a recent entrant into the investment space. Called Webull, this broker-dealer has a lot of similarities with Robinhood and actually beats it in some categories. Let’s check these two out.

Broker Cost

Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na na $0 $0
Robinhood $0 na $0 $0 $0

Services

Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
WeBull
Robinhood

Promotions

WeBull: Get 2 FREE stocks between $3 and $300 when you open account at WeBull.

Robinhood: Open account and get one free $3-$6 value stock.


Range of Investments

Robinhood clients have access to options, stocks, ETF’s, and some cryptocurrencies (currently just bitcoin and Ethereum). Mutual funds and fixed-income securities are not on the table. The brokerage firm does not provide any investment advice, IRA’s, or managed accounts.

Webull is pretty similar here. The broker-dealer offers stocks and ETF’s, and nothing else. Furthermore, equities that drop below a dollar in price go onto a restricted list. IRA’s, managed accounts, and investment advice are not on tap.

Desktop Trading

Webull's desktop platform has real-time quotes, in-depth charts, analyst rating and the full financial calendar. Full extended hours trading is provided for free from 4:00 AM to 8:00 PM (EST).


Webull Trading Platform


WeBull also offers a fully integrated paper trading functionality. It’s great for investors who want to troubleshoot their trading strategy, practice timing their entry points, or otherwise trade for educational purposes. Users can even use it to see how financial decisions can potentially impact their portfolio. This tool is highly helpful and it’s not just for beginners. Investors at any level can utilize paper trading to become smarter, more profitable traders, and WeBull scores big by integrating this educational feature into the app.

Robinhood has recently added trading capability. When we logged into our test account, we found a fairly basic platform that functions inside the browsing window.

The default screen shows a watchlist of commonly traded stocks like Netflix and Starbucks. Only a small amount of modification is possible here. Either the most recent price or the day’s percent change can be shown. A small green graph is displayed if the stock price is up during the current session; or if it’s down, the graph is red. Besides the watchlist, there is a Top Movers section that shows the day’s biggest winners and losers.

The charting program on the website is very basic. Only six timeframes are available (1-day, 1-week, 1-month, 3-month, 1-year, and 5-year). Because only line format is available, there is no interval. If one of the timeframes is up, it will be shown in green; whereas if another is down, it will be shown in red. There are no technical studies, drawing tools, comparisons, or customization features.

One charting feature we did like was the price display. As the cursor is rolled left and right over a graph, the numbers in the price display change by going up and down, like an old cash register.

The platform’s trading ticket is also fairly simple. It offers just four order types (market, limit, stop loss, and stop limit). There is a field to input number of shares, and another for a limit price. There are two expiration options: good-till-cancelled and good for the day.

One last feature on the order ticket is a selection to specify the order for normal market hours only. Checking the box will confine the order to just the regular market session. Leaving it unchecked will allow the order to be filled during extended hours.

Mobile Apps

Although Webull has neglected its website, it doesn’t disappoint here. The broker’s mobile app provides many great tools. We especially like its graphing program, which incorporates several technical indicators and 8 chart display styles. A graph can be displayed horizontally, and price data goes back over 20 years. Besides these advanced features, extended hours and company events can be shown on a graph.


WeBull vs Robin Hood


Besides charting, the app offers simulated trading, alerts, and several watchlists. The order ticket is the one feature that is rather simple. It provides just two order types (limit and market).

The Robinhood app has a similar layout as its desktop trading arrangement. The charting program is far more elementary than Webull’s, with no technical studies, comparisons, or drawing tools. The Robinhood trade ticket offers more order types, though.


Robin Hood vs WeBull


Customer Service

Neither broker performs spectacularly well here. Webull offers a Q&A part on its website, and believe it or not, there’s not much more to report. We couldn’t find a phone number for this company, although there is an e-mail address posted on the website. There’s a messaging system within the mobile app, and there’s one location in New York City.

Robinhood does have a phone number, although it’s not toll-free and it’s staffed only during market hours. Like Webull, the Robinhood site offers an extensive FAQ that will answer many questions. There’s also an e-mail address.

Promotions

WeBull: Get 2 FREE stocks between $3 and $300 when you open account at WeBull.

Robinhood: Open account and get one free $3-$6 value stock.


Investment Education and Research

Although Robinhood outperformed its rival in desktop trading, Webull is going to thrive here. During our investigation, we found information on global markets, including both indexes and equities. A stock’s information page displays press releases, financial statements, analyst ratings, and news articles.

There is also a stock screener that can scan investments by sector, market cap, exchange, volume, and several other characteristics. Most of Webull’s research tools are on the broker’s mobile app.

We didn’t find nearly as many educational or research tools on Robinhood’s platforms. There are analyst ratings for some stocks, but not nearly as many analysts are provided. Robinhood shows the earnings history for an entered ticker symbol, but Webull offers more in-depth fundamental analysis.

Webull also provides more trade data on a stock than Robinhood does. For example, we found order flow and amount of short interest, numbers that Robinhood doesn’t offer.

Recommendation

If you plan to trade derivatives or cryptocurrencies, then we have to recommend Robinhood as its rival doesn’t offer these investments right now. Robinhood also seems to offer a slightly larger list of stocks (some foreign and OTC securities are available); so here, too, we lean towards Robinhood.

For beginners or traders who need research tools, we definitely recommend Webull, as it is head and shoulders above Robinhood in this category.

Traders who want to use a laptop or desktop should go with Robinhood, as Webull only provides app trading at this time.

Anyone looking for a top brokers with $0 commissions should also take a look at Best Free Brokerage Firm article.

Robinhood vs WeBull Summary

Robinhood and Webull are very similar in many categories. Webull is the better choice for active stock and ETF traders who need robust technology.



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