The main difference between Webull vs Robinhood is that Webull is an all-in-one investment app that includes community functionality, paper trading, advanced market tools, customizable desktop, and much more appealing to avid investors. Whereas, Robinhood since the beginning has focused on simplicity and ease of use for beginners with little to no experience trading stocks.
Stock markets have made a fortune for thousands of investors; let it be Warren Buffett, George Soros, or Charlie Munger. Stock trading in 2022 is far different from investing money into the stock market 30 years ago. You can now trade stocks with zero commission from your phone or computer. This is huge for anyone getting into stock trading or just looking for a safer investment strategy. This brings us to Webull vs Robinhood.
There has always been a higher barrier to entry in the stock markets, with the first being the high cost of trading and commissions. New investors have always remained wary of investment fees, with a majority choosing passive investments instead of active trading.
Enter→ Zero trading fees and no-commission investing! Yes, you heard it right. Both Robinhood and Webull have zero cost trading.
Cutting-edge technology-driven investment platforms are reshaping the trading industry at unprecedented levels. For those who aren’t already aware, Webull is one of the most innovative free stock trading platforms there is for traders in the US. The Robinhood stock trading app is credited for initiating the free trading movement by introducing commission-free trading all from an oversimplified app interface. Fortunately for investors, stock trading app innovation didn’t stop there…
Positioned as Robinhood’s biggest new competitor in the commission-free investing space, Webull made its debut in 2018. The mobile-based brokerage gained a considerable market share in a relatively short time due to its many improvements over Robinhood’s simplistic trading platform.
Webull, unlike Robinhood, is a full-service stock trading brokerage that offers technical indicators, fundamental tech analysis tools, margin trading, and premium research services.
Webull’s built-in real-time market data module, analyst ratings, and financial calendars make it a comprehensive trading platform.
● Virtual trading tool: Webull features “Paper Trading”, a trade simulator that allows new investors to dip their toes before beginning to trade with real money. In the platform, users can trade with up to one million dollars worth of virtual money.
● Webull 4.0 for Desktop: Now Webull desktop users have free access to over 45 powerful widgets, a highly customizable trading layout, nasdaq total view, and many new features you can read about here.
● Financial calendar: If you’re a seasoned investor, Webull’s financial calendars could be a blessing. You don’t have to go through multiple third-party services to track various company events, such as IPOs, earnings reports, dividend schedules, and other relevant updates.
● Price alerts: Webull features a price alert option, which allows you to track the price movements of interested companies. Webull will notify you when a specific price level is reached, giving you real-time, actionable data.
● Short selling: Short selling is another feature unique to Webull. You can engage in commission-free short selling through Webull’s brokerage app.
● Sign Up Bonuses: Unlike Robinhood, Webull has been giving all new users who deposit any amount 5 free stocks worth up to $3300! There’s no minimum deposit amount and no withdrawal fees, visit Webull now to claim your free stocks!
One of the ways Webull makes money is margin interest on margin accounts. This platform also offers paid subscriptions to real-time global market data, but the in-depth analysis tools are still free. Right now our readers can try a free 3 month subscription to Nasdaq TotalView here.
The virtual trading tool or (paper trading), is simulated trading through an account that has the same features as a real trading account. The trading simulator uses “fake money,” so no real transactions occur. This is a great way to practice before using real money in the market. This is great for beginners getting into the stock market because it’s the best way to learn. What makes it even better is that Webull offers paper trading accounts to everyone, completely free.
While Webull offers commission-free trading, it’s analysis tools, technical indicators, and charts covering dozens of indicators are ideal for intermediate and advanced traders. However, beginners can practice trading using the virtual stock trading simulator making Webull ideal for investors who prefer to manage their own investments online.
Robinhood is the app that literally turned the trading industry around by offering commission-free trading services. Robinhood was the first trading platform to enable users to trade stocks, ETFs, options, cryptocurrencies, and additional assets commission-free.
There is no doubt about the revolutionary role of Robinhood in zero-commission trading, but the platform is built for beginner investors only. It falls short on technical and fundamental analysis tools active traders require frequently. Additionally, when compared with Webull, Robinhood doesn’t offer virtual trading, built-in earnings or other company news, and price alerts, making it less desirable for most traders.
Both Robinhood and Webull stand true on their zero-commission trading promise. However, Robinhood’s much more limited functionality and tendency to glitch occasionally leaves investors wanting more. Over the past four years Webull has continuously updated their stock trading features giving investors much more of what they actually want, for free. This is why throughout 2022 Webull has been my daily stock trading app of choice.