For me, Webull is 100% the clear winner. And when youve withdrawn your earnings from your brokers, you can convert and hold balances in 54+ currencies. Unlike at Robinhood, Webull users can customize a quote board, stock page, asset screeners, trading screen, and view deep insights into the account. Information provided on Forbes Advisor is for educational purposes only. For most investors seeking low-cost trading, this shouldnt be a problem. Theres a $2,000 minimum on margin accounts for Robinhood or Webull. For overall similarity: Webull. If you want to perform basic . Webull supports both buying and selling crypto, but its selection of coins is even more limited than Robinhood's. If you want the full functionality of trading crypto, Webull is a better bet . Stocks. Webull offers IRA, Roth IRA, and Rollover IRA retirement accounts: Webulls account choices, which include IRAs, are superior to the single account offered at Robinhood. It's easy to use, it has no fees or minimums, and you can start trading right away. However, this does not influence our evaluations. The added features of Webull 8.0 enhance the mobile experience as well. But if youre looking for cash management options with an APY on your uninvested cash, Robinhood could be the better choice. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. She is a published author of several books. To illustrate this difference, consider screeners. While both platforms offer good user experience, Webull provides more features than Robinhood for experienced investors. Our editors and reporters thoroughly fact-check editorial content to ensure the information youre reading is accurate. Robinhoods mission statement says that the company aims to democratize finance for all. It wants to make investing friendly and approachableand theres no question that the Robinhood investing app delivers on this promise with a clean, minimalistic interface and great ease of use. Now Earn 4% APY With Robinhood Gold. Robinhood offers roughly 5,000 U.S. stocks and ETFs for trading, while Webull users have access to nearly all of the 7,000 U.S. traded stocks and ETFs. While Webull offers only limited research, it provides a nice suite of charting tools and a few dozen technical indicators. Webull and Robinhood both allow you to trade U.S. stocks, ETFs, options and ADRs (a form of global security that allows investors on American markets access to foreign securities.) Margin. Theyre both solid investment platforms with one key difference. Both brokers offer cryptocurrency trading with no out-of-pocket costs, though youll implicitly pay a spread markup on any transactions, so its more like the costs are hidden in the trading price. Robinhood does not reveal how much youll pay via the spread, however. It also has an online help center for more routine questions. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists hands-on research, fuel our proprietary assessment process that scores each providers performance across more than 20 factors. Regardless, youll have access to customer support 24/7 and their mobile app on both Android and iOS. On Dec. 16, 2022, Robinhood is raising interest rates for Gold members to 4.15%. Is interest available for the Wise Account in the US? But Robinhood offers cash management accounts, and Webull doesnt.

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