Webull vs Robinhood 2021

Is Robinhood Better or Webull?

Many of you reading about Robinhood vs Webull may be wondering what differences there are between them. For sure, they have plenty in common, including world-class design, no minimums and low fees. They even trade, for the most part, the same things.

However, as we go into our Robinhood vs Webull analysis, it should become clear that there are many subtle differences. Webull represents a centre ground in the world of finance apps, whereas Robinhood is fully committed to their streamlined philosophy. Vital though is that both of these approaches are pulled off with absolute mastery, meaning that whatever you decide, the answer to the question ‘is Webull better than Robinhood?’ is that you’re unlikely to feel let down either way.

That said, don’t be fooled into thinking they’re the same. Whatever happens in our Robinhood vs Webull comparison, there’s a right choice for you and your investment needs, so join us to discover your ideal fit.

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Introduction to Robinhood

Pros & Cons of Robinhood
  • Beautifully designed apps
  • Easy to use and understand
  • Great educational resources
  • Added options including Robinhood Gold and Cash Management
  • More customer service options would be appreciated

Just as we did with our Robinhood vs Charles Schwab and Robinhood vs TD Ameritrade reviews, we’re going to begin with a look at each of our platforms before we get into the Robinhood vs Webull comparison properly.

It’s fitting that Robinhood is so simple in concept, considering that is their whole philosophy when it comes to their apps. 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. It works an absolute treat too. When it comes to Webull vs Robinhood, the former will have to go down a different road, because Robinhood is close to unbeatable in that regard.

Introduction to Webull

Pros & Cons of Webull
  • Perfect for intermediate level investors
  • Provides great depth with as much simplicity as possible
  • Recently updated, and a brilliant desktop app
  • Mobile apps just as impressive
  • Differences may appear subtle to newcomers, but they’re very much there

We said in the previous section of this Webull review vs Robinhood that we felt Webull would have to do something different to compete, so great are Robinhood in their particular market – and we do actually think they manage to do that. It may not be as obvious as when you compare the ultra beginner-friendly Robinhood to those options that are explicitly aimed at experts, but Webull does indeed have a different target audience. It is perhaps between those examples where Webull sits.

However, that doesn’t mean they are middle of the road – far from it. They are a fantastic option with a whole lot of value, not only in the platform but the research, tools and data options they provide. If you’re looking for something which doesn’t require years of expertise but does have enough depth for serious investment, this could be perfect for you. They’re to be taken very seriously in this Webull vs Robinhood comparison.

Robinhood vs Webull: Usability, Look & Feel

One thing we think is going to become clear in our Webull vs Robinhood analysis is that there’s more that these two options have in common than they have apart. For starters, they both offer apps for desktop and mobile. They’re both easily found on the Google Play store, and the most recent desktop version for Webull is displayed proudly on their homepage.

In terms of first impressions, we’d probably say that the desktop is a little more important to the former based on how they’re presented – and that makes a lot of sense. We think the mobile experience is probably more integral to Robinhood’s business plan because they’re all about making things light, easy and accessible.

When we talk about the spread of financial options, there are big differences here. We would say the design reflects that Webull is targeted at an intermediate to advanced level, while Robinhood is more beginner to intermediate. We assure you in terms of tools and its impact on design, that is no small thing.

What we can say positively though is whatever the answer to the question ‘is Webull better than Robinhood?’, the experience is excellent. Whatever your pick, everything is brilliantly designed and perfectly tailored to their target audience. All the information you need is there, they look great and respond brilliantly on a technical level. Robinhood is more streamlined, Webull a little more detailed, but it’s great stuff all round.

Robinhood vs Webull: Payments

If you thought the last section of our analysis to discover is Webull better than Robinhood found the two similar, check this out. They both, as their main point of payment option, utilize bank transfers and both have a single base currency in the US Dollar. They each have no minimum amounts nor minimum fees. Robinhood has some additional possibilities with their cash management service. When your physical card is delivered, you can set up things like Apple and Google Pay, for instance. However, as there is a waiting list, we would still say those options are largely the same.

In terms of waiting times, you’re looking at around 5 days in most circumstances for each. In other words, it’s a very simple set of options, but ones that are tried, tested and trustworthy. Ultimately, we would say Robinhood’s slick, streamlined design does make this process a touch easier, and it’s one of the benefits of their ease of use philosophy. However, that’s not to say Webull isn’t also easy to use – it absolutely is. But when it comes to answering ‘is Webull better than Robinhood?’, both are too good to avoid nitpicking.

Robinhood vs Webull: Customer Service

We hate to sound like a broken record but we are, once again, dealing with a neck-and-neck situation here. Both of these options offer affordable and straightforward ways of getting involved in the world of investment. However, the lack of money needed to access their services does come with a certain reality, which is reflected in their customer service option.

That said, this just means you’re not getting a VIP service, which is fair considering you haven’t paid for it. This doesn’t mean either is bad for customer service. Robinhood has email and social media options but can provide good responses through them, while Webull has a message centre and email options. They do, however, have an ace up their sleeve in the form of a phone line. We’ve read reports that people have been especially impressed by the service received at the message centre in particular.

Webull also has their website available in Chinese, which is helpful, although we could not discover if there was additional customer support available in other languages for our Webull vs Robinhood review. 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.

Robinhood vs Webull: License & Security

If you’re asking ‘is Webull better than Robinhood?’, then this is one area we’re happy to see both coming out looking great. They’re both members of the Financial Industry Regulatory Authority (FINRA), and SIPC, which helps protect the finances of their investors. Essentially, this means that whatever the answer to the question ‘is Webull better than Robinhood?’, you can rest assured they’re both legitimate.

Another Webull vs Robinhood stalemate is that they both utilise encryption to keep your data safe. Other features utilised by Robinhood include Face/Touch ID, which is a really nice touch. Both also ask for standard account identification. These measures may be a pain but they’re vital to your security, and rest assured that encryption we mentioned is there to keep things like your social security number, financial information and other contact details safe. Finally, for this part of our Webull vs Robinhood analysis, they both have fine reputations as private companies.

Robinhood vs Webull: Spread

Now, this is where we get to see the real differences between the two and really get to grips with the Webull vs Robinhood comparison. Indeed, this is where you should be able to see whether Robinhood or Webull is right for you. If you’re unsure of either, maybe check out our other comparisons like Robinhood vs Fidelity or Robinhood vs Betterment, as a couple of examples.

We start off this part of our Robinhood vs Webull analysis with a very similar set of investment options. They each offer Stock trading, Options and commission-free ETFs. In terms of purely what is offered, in that regard, there’s not a huge amount of difference, with exception to Robinhood offering trading on cryptocurrencies perhaps. However, as is often the case with Robinhood vs Webull, the devil is in the details.

Webull is aimed at a slightly higher level of investor, which means there’s a very useful amount of research options and tools. We would say this is the area in which they set their target audience apart from Robinhood. It’s the data, charting and stock screener which make it clear this is aimed at a more advanced user. And that doesn’t make them the winner of this part of our Webull vs Robinhood analysis. As we said, they really do offer very similar things. It’s in the way it’s presented that they differ.

Consider, for instance, that Robinhood spends more time providing education on the basics of investment, as an example of their different approaches – and both do a fabulous job. So, is Webull better than Robinhood for you? That depends where you are as an investor more than anything else.

Conclusion: Is Robinhood better or Webull?

We focused on the research available at Webull to make our point about their distinguishing features. However, that doesn’t mean Robinhood is lacking in this regard. Throughout our Robinhood review, we’d say that what they provide is perfect for their target audience. Indeed, those stripped-back options are perfect for more novice traders. It’s not a flaw but a direction, and one many will be seeking.

We said earlier in our Robinhood vs Webull review that this comes down to an intermediate to advanced platform vs a beginner to intermediate platform, and really, everything we have come across since has reaffirmed that belief. Most importantly of all, both of them absolutely nail it. Therefore, there’s no right answer to the question ‘is Webull better than Robinhood?’.

We apologize if you were expecting a clear winner here, but it’s a case of comparing two applications that, although similar, have different goals, perspectives and target audiences. That’s why Robinhood vs Webull is a stalemate – not because they’re both equally good at the same things, although that has sometimes been the case, but because they’re great in different ways.

Want to find out more about online trading in the US? Visit our online broker for futures and online broker deals guides.

Webull vs Robinhood FAQ

❓ Which is better: Webull or Robinhood?

For those looking for a new way to invest, there’s likely few better candidates than Webull and Robinhood so you may be wondering which one is right for you. Well, they are similar but don’t be fooled: each is not the same as the other and they have their own characteristics, positives and negatives when compared to one another. We pitted them against each other so you can find out exactly what those are.

💰 Is there a difference between Webull and Robinhood pricing?

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. They are certainly something that we have taken great interest in throughout our examination of both Webull and Robinhood, and our analysis of how well they stack up against each other.

👍 Which offers the most investment options: Webull or Robinhood?

There’s a lot of different apps out there for people looking to get into the world of investments, and one of the most important things which separates them and makes them different from one another is the actual investment options they offer. Not all offer the same things, and that is especially important to know when talking about hugely popular names like Webull and Robinhood.

💵 Are Webull and Robinhood safe to use?

When we’re talking about financial apps – in other words, online or mobile applications where you will naturally be inputting sensitive information for the purposes of investment – there is nothing more important to us than your security. We analyse a range of different factors to ensure both Webull and Robinhood, along with all the best online brokers we review, are legitimate and trustworthy.

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