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Webull vs Robinhood Reddit Reviews (2020): Which Is The Better Investment Platform For You?

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. 

Webull vs Robinhood Comparison Chart

Investing PlatformWebullRobinhood
Account Minimum$O$O
Commission FeeFreeFree
Account TypesIRA, Individual Brokerage AccountIndividual Brokerage Account
Cryptocurrency TradingNoYes
Fractional SharesNoYes
Short SellingYesNo
Stocks, ETFsYesYes
OptionsYesYes
High-Yield Savings AccountNoYes
IPO InvestmentsYesNo
Research ToolsExtensiveBasic

User Interface

Reddit users agree that Webull’s interface is not as user-friendly as Robinhood’s, but Webull shines in terms of speed

Webull vs Robinhood Reddit (1)

Robinhood’s interface (right) is more intuitive and won’t intimidate those who are new to stock trading
Robinhood’s claim to fame is how it made the complex, overwhelming, and expensive world of trading seem simple and accessible. Its platform is straightforward and less cluttered, thus even newbies will find this stock trading and investing app easy to navigate. Webull’s platform, on the other hand, may overwhelm those who are new to trading. As Redditor PurpNYellow shares, [Webull’s] user interface was pretty weak [in my opinion.] I didn’t try using their desktop version, if they have it yet. I preferred [Robinhood’s] interface much more and found the whole system much cleaner.”

Reddit user kushieldou agrees in the following review:

webull vs robinhood reddit (3)
“[Webull’s] overall UI/UX is pretty bad, [sluggish,] and is iOS-oriented (on my Android device). Registering and getting started [was] a rather painful process.” 

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 vs robinhood reddit (4)
“One thing [I’ve] noticed about fill speed and quality between the [two] is that penny stocks are horrible on Webull. [On] larger stuff (think the big S&P 500 stuff), [Webull’s] fill speed and quality blow [Robinhood’s] away.”

Research Tools

Webull offers more extensive research tools than Robinhood 

Webull research tools

Webull dominates Robinhood in terms of research and data analysis tools

Intermediate and advanced traders on Reddit agree that Robinhood’s research tools are lacking. If you want access to more comprehensive market research data, Webull is the better option between the two. Reddit user rizzlybear continues her review of Webull and Robinhood:
webull vs robinhood reddit (2)
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 tradingWebull vs Robinhood Reddit
Trade cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin for free using Robinhood
Among 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. 

Verdict

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

webull vs robinhood reddit

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.”
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Rhodaline Escala-Phelps
Rhodaline Escala-Phelps

Managing Editor and Team Leader at Compare Before Buying. Writer and researcher passionate about people, product comparisons, culture, and current events.