Both Webull and Robinhood are suitable for beginner to intermediate investors looking for commission-free trading and user-friendly platforms. Robinhood offers a broader range of investment options and IRA match, while Webull provides potentially better order execution and more comprehensive insurance. The choice depends on the investor's specific needs and preferences regarding investment options, research resources, and customer support.
| Attribute | Webull | Robinhood |
|---|---|---|
| Commission Fees | Zero commission for U.S. stocks, ETFs, and equity options. $0.55 per contract for non-equity options. US stock market: 2.5 basis points. HK stock market: 3 basis points (Min. HKD15). Crypto: 1% spread. | Commission-free trading for stocks, ETFs, and options. Options and futures contracts may have fees. |
| Investment Options | Stocks, ETFs, options, crypto (via Webull Pay), and treasuries. Planned additions: municipal bonds, corporate bonds, and fractional bond options. Restrictions: No mutual funds or forex trading. Limited buying of OTC stocks priced under $5. | Stocks, ETFs, Options, American Depositary Receipts (ADRs) for over 650 global companies, Cryptocurrency, Fractional Shares, Futures. Restrictions include no support for mutual funds, bonds, or foreign-domiciled stocks. |
| Account Minimums | No minimum to open a standard account. $2,000 minimum for margin accounts. | $0 account minimum. |
| Trading Platform | User-friendly on web, desktop, and mobile. Crisp layouts and customization. Modern and robust mobile app. May lack in-depth analytical tools for advanced traders. | Web: Robinhood Legend is a web-based platform with customizable layouts and advanced charting. Mobile: Robinhood's mobile app is known for its user-friendliness. Desktop: Robinhood now offers a desktop platform, Robinhood Legend. |
| Research and Educational Resources | Charting tools, technical indicators (59), drawing tools, and real-time market data. Research lacks comprehensive insights, and educational content can be disorganized. | Access to professional research from Morningstar and Level II market data from the Nasdaq Stock Exchange (with Gold subscription). |
| Fractional Shares | Offers fractional shares for numerous stocks and ETFs, investments starting from $5. Green diamond icon indicates availability. | Offers fractional shares, allowing you to invest in stocks and ETFs with as little as $1. |
| Margin Rates | Tiered, starting at 8.74% for balances under $25,000 (as of May 2025). Lower rates for Webull Premium subscribers. | Vary based on whether you have a Robinhood Gold subscription. Standard margin interest rate for non-Gold users is between 4.70% and 5.75% (as of June 11, 2025). Robinhood Gold members get $1,000 in interest-free margin trading. |
| Order Execution Quality | Claims 98.96% execution quality for trades up to 99 shares. Uses payment for order flow (PFOF). Slower execution speeds reported, especially for larger orders or volatile stocks. | Order execution quality has been reported to be slightly worse than the average among brokers (95.62%). |
| Security and Insurance | Encryption and multi-factor authentication. SIPC insurance up to $500,000 (including $250,000 for cash). Additional insurance by Apex Clearing, up to $37.5 million for securities and $900,000 for cash per client. | SIPC protection covers up to $500,000 in securities, including $250,000 for cash. Robinhood offers additional SIPC coverage. FDIC insurance for cash management accounts up to $1.25 million through partner banks. Security measures include two-factor authentication, biometric recognition, and encryption. |
| Customer Support | 24/7 support via app and website. Phone support via callback requests. Some reports of slow or unhelpful support. General inquiries: 1-844-376-0400. | Information on customer support responsiveness and available channels was not found in the search results. |
| Cash Management Features | Cash management account with competitive interest rate on uninvested cash. Webull Premium subscribers can earn 4.10% APY on uninvested cash. | Offers cash management features, including a cash card that lets users invest rewards earned from purchases. |
| Availability of Retirement Accounts (IRA, Roth IRA) | Roth, Traditional, and Rollover IRAs available with no account minimums or fees. Partnered with Capitalize for 401(k) rollovers. | Offers IRAs with a 1% match on contributions. |