Palo Alto-based Robinhood pioneered commission-free stock trading back in 2013 and more online brokerages have followed suit since. If you’re interested in stock trading, Webull and Robinhood are some of the best platforms to start. Neither Webull nor Robinhood charges a commission or requires an account minimum, but each offers assets and features that make traders gravitate to one over the other. We gather the most informative Webull and Robinhood reviews on Reddit to help you figure out which free online investing platform suits your needs better.
Reddit user kushieldou agrees in the following review:
Where Webull outperforms Robinhood is in its fill speed for larger investments. Reddit user rizzlybear describes her experience with Webull and Robinhood’s fill speeds:
Webull’s arsenal of research data and tools better equip traders and investors with the necessary information they need to make better buying and selling decisions. Having said that, some users find a way around Robinhood’s insufficient research tools by doing their research in Webull and executing trading on Robinhood’s intuitive platform.
Account Types and Assets
Webull lets you create IRA while Robinhood offers crypto trading Trade cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin for free using RobinhoodAmong the major differences between Webull and Robinhood are the account types you can open with them and the assets you can invest in. Between the two, only Webull lets you create a Roth, Traditional, or Rollover IRA, a factor that makes Webull more appealing for those who want to prepare for retirement or prefer longterm investments. On the other hand, Robinhood only allows individual brokerage accounts
Those who want to dabble with cryptocurrency trading will find Robinhood the better choice, as this is something that is not yet available on Webull. However, Reddit user Slopii warns those who want to open a Robinhood account for crypto trading alone:
“[When] buying cryptos on Robinhood, you don’t actually own the cryptos. [You] can’t transfer them out or to an offline wallet or anything. It’s just a fund representing them pretty much.”
Webull will soon offer cryptocurrencies, but when exactly is yet to be confirmed. For prospective traders interested in IPO investments, Webull is the way to go. Robinhood does accept pre-IPO orders, but whether it will be filled is something they don’t promise due to its limited availability.
Webull is better for those who want to take their trading to the next level while Robinhood’s straightforward platform makes it the better choice for beginners
Both Webull and Robinhood are solid online brokerage options While it is a tough call between Webull and Robinhood, Reddit users are in agreement that Webull is better for traders who require comprehensive research tools, while what makes Robinhood shine is its intuitive interface. Webull may not be as user-friendly as Robinhood, but it makes up for that through the wide array of research and analysis tools it offers. As Reddit user rizzlybear puts it:
“If you are a desktop trader, want a step up from the Robinhood [user interface], want better fill speed/quality, Webull should work well for you. If you want a slick mobile experience, like partial shares, dabble in penny stocks, and play option spreads, then Robinhood might be the better option.”