Short sales allowed – Even though both platforms have margin accounts, only Webull allows short sales, Extended hours trading – Investors can trade pre-market (4:00 AM – 9:30 AM ET) and after-market hours (4:00 PM – 8:00 PM ET), Great customer service – Webull offers 24/7 online customer service, No commission fees – The only fees investors pay are the SIPC per transaction fee (not paid to Webull), Earn interest on cash balance – Any uninvested cash in your Robinhood account earns 0.30% APY, Low margin rates – Robinhood charges $5/month for margin balances of $1,000 or less or 5% on balances over $1,000, Trade cryptocurrency – If you prefer to keep all trades on one platform, Robinhood offers that option with the addition of cryptocurrency, Basic reporting functions – Robinhood offers the basic reporting functions beginners need without getting overwhelmed, Referral bonuses – If you refer friends to Robinhood and they sign up and trade, you may earn free stock in exchange for the referrals, No commission fees – The only fees investors pay are the SIPC per transaction fee (not paid to Robinhood), You can open an individual taxable or IRA account, Have access to all necessary information in one platform instead of switching back and forth between programs and wasting time, Safe to use as all investment accounts are SIPC protected, More trading options, including short sales (for margin accounts), Trade in real-time for more accurate trades, Higher margin rates of 6.99% for all balances under $25,000, Webull only offers individual accounts – no joint accounts, Limited research options, making it a limited choice for advanced investors, Robinhood doesn’t offer joint accounts or IRA accounts, Types of trades – Stocks, options, and ETFs, Types of accounts – Individual taxable, IRA, or Roth IRA accounts, Margin rates – 6.99% on balances under $25,000, Best for: Intermediate investors or beginners ready to learn fundamental and technical analysis, Types of trades – Stocks, options, ETFs, and cryptocurrency, Types of accounts – Individual taxable accounts, Margin rates - $5/month (no interest) up to $1,000 and 5% on balances over $1,000, Best for: Beginners looking for a streamlined approach without getting overwhelmed. That said, this just means you’re not getting a VIP service, which is fair considering you haven’t paid for it. Other features utilised by Robinhood include Face/Touch ID, which is a really nice touch. Read our Advertiser Disclosure. They take investment – something that many are interested in – and strip it down to what you need to know, and then utilise modern technology to make the experience as easy as possible. A personal loan marketplace, bringing together borrowers and lenders. One area they both really stand out is in their excellent Help sections, although we would give the slightest of nods in regard to Robinhood. Webull and Robinhood both offer commission-free trading with no minimum account balance. All the information you need is there, they look great and respond brilliantly on a technical level. Indeed, this is where you should be able to see whether Robinhood or Webull is right for you. After testing 15 of the best online brokers over five months, Webull (73.21%) is better than Robinhood (62.62%). Read our report on MyAutoLoan. That depends where you are as an investor more than anything else. Which online broker is better in 2020? We assure you in terms of tools and its impact on design, that is no small thing. There’s no doubt that when it comes to any kind of financial platform, the pricing models are of prime concern for any and all-wise investors. Webull vs Robinhood Comparison (2020) Webull and Robinhood are the quintessential ultra-low-cost online discount brokerage firms. If not, you can open it also by clicking the following link: Added options including Robinhood Gold and Cash Management, More customer service options would be appreciated, Provides great depth with as much simplicity as possible, Recently updated, and a brilliant desktop app, Differences may appear subtle to newcomers, but they’re very much there. Track and manage your finances by connecting your financial accounts. Use either platform on your phone or desktop (iOS and Android) and get in-app analytics but Robinhood charges $5 a month for its research options.
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