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Webull vs Robinhood

Webull vs Robinhood summed up:

  • Webull and Robinhood are free brokerage firms based in New York, US.
  • Webull focuses on research and analysis, Robinhood, on efficient simplicity.
  • Some of Webull’s and Robinhood’s main features and services overlap.
  • Neither Webull nor Robinhood may be suitable for you – dig CoinMetro.

In a series of articles, the CoinMetro team will be looking at Robinhood’s competitors up close and personal. Why? Our most recent blog post Robinhood Competitors sheds light on why this is such a hot topic right now. Don’t miss out!

Without much further ado, let’s examine and compare the two brokerage firms – Webull vs Robinhood.

What are Webull and Robinhood?

As mentioned above, Webull and Robinhood are brokerage firms, both free and mobile. Robinhood was founded in 2013, whereas Webull was launched years later, in 2017.

You can read more about how Robinhood was founded in our previous article. As to Webull, it’s a subsidiary of a multinational Chinese company Fumi Technology.

Both firms are safe to trade with and are regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

There are some things to keep in mind about Robinhood – the app doesn’t support transfers of digital assets or wallets into Robinhood Crypto accounts. As stated on the official website, it is to prevent the proceeds from illegal activity from being used for transactions on Robinhood Crypto – which doesn’t make it any less inconvenient, of course.

Moreover, Robinhood doesn’t currently provide its users with access to their wallets or wallet addresses, meaning you can’t transfer the cryptocurrency you own elsewhere.

Robinhood comments, “We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available.”

Interesting. Does Robinhood actually hold any crypto you trade via the app? Here, at CoinMetro, owning crypto means being able to transfer digital assets to your own wallet for safety reasons.

Webull vs Robinhood: Main Features

Let’s start with an overview of the main features offered by the two companies in a table summary.

 

FeatureWebullRobinhood
Domestic stock fundsYesYes
International stock fundsNoYes
CryptoYesYes
ETFsYesYes
OptionsYesYes
Short sellingYesNo
Fractional sharesNoYes
IRAsYesNo

 

The differences are easy to spot. Webull international stocks and Webull fractional shares are sadly not an option. Robinhood, on the other hand, offers no short selling or IRAs.

Webull: Robinhood on Steroids

If you’re about to ask which one is better, and you are, here’s what investment industry website Benzinga wrote about Webull: “Webull’s platform is like Robinhood on steroids.”

Well, it kind of makes it clear, but also depends. Let’s try and find actual examples to support the statement.

Webull – Analytics Heaven

Webull day trading platform originally started out as a research firm, that’s why the technical analysis tools offered by Webull are way more advanced than the ones available on Robinhood.

There are 25 technical indicators available for charting, such as MA, BOLL, MACD, and others. Webull desktop and app are thus great for those investors who are either not pleased with Robinhood’s lack of features or are digging research and analytics.

Correct – Webull options sound more attractive for a more seasoned trader.

Robinhood – Efficient Simplicity

Robinhood was designed to be easy-to-use and fast – that’s exactly what the app is. This is also what puts Robinhood’s mission statement into perspective – Finance for all. In other words, this app targets beginner – also younger – investors in the first place.

As a result, Robinhood is much faster when it comes to cash movement. See, Webull is overloaded with data, which also means more waiting time for transactions to settle.

Neither Robinhood Nor Webull May Work For You

Moral of the story: neither may actually work for you.

It’s important to decide for yourself whether a particular feature or service is suitable for you. When in doubt, look for alternatives. This is where CoinMetro enters the game. 

Do you have a special interest in crypto? You’re on the right path – it’s the future. And CoinMetro is the perfect crypto platform for both beginner traders and pros.

Absolute beginners can take a sneak peek at the world of crypto through the demo version of our exchange – risk free. To continue, we’d suggest trying copy trading, which involves mirroring the best deals of the successful traders listed on our platform. Definitely worth a try!

Know what you’re doing? Start trading with an array of features at hand. What else is in there for me? You’ll be enjoying the industry’s lowest fees, fast execution, and hands down the best service round the clock.

If you’re not interested in trading at all and are looking for a great affiliate program – we’ve got one for you.

CoinMetro’s crypto affiliate program is rewarding for everyone and is indeed the industry’s best. Why promote CoinMetro? It’s about our community. Sharing the knowledge, the tools, and the products people need – with integrity and transparency. 

So, Webull vs Robinhood? Neither – try CoinMetro.