WeBull vs Robinhood


Robinhood or WeBull - which is better in 2020? Compare investing accounts, online trading fees, stock broker extended hours, and differences.



Webull vs Robinhood Comparison (2020)


Webull and Robinhood are the quintessential ultra-low-cost online discount brokerage firms. And which one is the better choice? We have the answer.


Cost


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na $0 per contract $0 $0
Robinhood $0 na $0 per contract $0 na


Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
WeBull
Robinhood


Promotions


WeBull: Get 3 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement.

Robinhood: Get one free $3-$7 value stock when you open an account.



First Category: Investment Research


Webull customers can use an equity screener on both the broker’s mobile app and computer platform. The two screeners are slightly different. For example, search criteria on the mobile app include listing date, turnover rate, net margin, and debt-to-asset ratio, none of which are on the desktop trading system. Both programs offer pre-defined screens, such as high market value U.S. stocks.

Webull offers information on several foreign stock markets. The mobile app has an economic calendar, trading competitions, and a community forum.

Security profiles offer analyst ratings (but not pdf reports), short interest, institutional holdings, ETF weighting, order flow, time & sales data, news articles, data from financial statements, press releases, and more.

Over at Robinhood, asset profiles don’t have nearly as much information on them. We did find news articles, EPS history, and analyst ratings. Like Webull, Robinhood offers no pdf stock reports.

Robinhood does have a sort of fund/stock screener. We say “sort of” because there’s not much to it. Lists can be sorted by market cap, price, and the day’s % change.

Webull is definitely the better choice here.


Second Category: What Can Be Traded


Webull offers a small selection of investments. The company’s lineup includes stocks, ETFs, closed-end funds, and option contracts. Penny stocks, but not OTC stocks, are part of the equity offering.

At Robinhood, traders get the same lineup plus cryptocurrencies. Moreover, the broker’s stock offering includes a few OTC and foreign securities.

Neither broker right now offers mutual funds, bonds, futures, or forex.

Robinhood wins the second category.


Third Category: Desktop Software


Webull today has a good website. It has equity profiles with analyst ratings, simple graphs, and news articles. There is a browser platform that is launched from the site. Here, Webull customers can do much more than they can on the website.


Webull vs Robin Hood


The software provides full-screen charting with 8 graph styles, 10 technical studies, and 10 drawing tools. Multiple charts can be shown on one page, a really nice feature.

Several watchlists can be created on the platform and displayed in either list format or grid format. The latter displays a graph with each security. Currency rates (including crypto rates) can be added to a watchlist as well, although currencies can’t be traded.

Webull’s order ticket offers several trade types, including take-profit, stop-loss, OCO (one cancels the others), and OTO (one triggers the others). Duration choices include day, GTC, and extended hours.

Over at Robinhood, the order form offers extended-hours trading and trailing and stop orders. Time-in-force choices include GTC and day.


Robin Hood vs Webull


Charting on Robinhood’s site offers full-screen mode and 2 graph styles (line and candles). There are just 4 technical indicators.

Traditional currencies cannot be viewed on Robinhood’s platform, but cryptocurrencies can.

Multiple watchlists can be created and edited on Robinhood’s platform. It’s easy to add and delete entries. One security can be placed on multiple lists. By default, the broker includes a crypto list. On the downside, only list format is possible. There is no grid format like Webull offers.

Webull is the outperformer here.


Fourth Category: Mobile Trading


Webull traders have an advanced mobile platform to trade on. Charting is available in both vertical and horizontal formats. There are 11 technical indicators (more than we found on the desktop platform) and 12 drawing tools (also a larger number). When we conducted our investigation, we got price data on General Electric back to 1971.


WeBull or Robin Hood


A really nice feature on the app is dual charting, where one chart can be placed above another in vertical format.

Multiple watchlists are on the mobile app (the same ones on the desktop platform). Grid view is not available this time; although a watchlist can be customized with multiple settings.

There are two trading tickets on Webull’s app, a vertical ticket and a horizontal one. The former offers OTO, stop, limit, and market orders. Take-profit and stop-loss options are integrated.

On Robinhood’s mobile platform, there are market, limit, stop-loss, and stop-limit orders. An order can be submitted for market-hours only or market + extended hours.


Robinhood or Webull


Charting on the Robinhood app offers vertical format only. A graph cannot be rotated horizontally, there are no drawing tools, and we counted just 2 graph formats.

The same watchlist on the browser platform makes an appearance on the mobile system. But it cannot be customized.

Neither broker-dealer offers mobile check deposit, a disappointing oversight.

Webull is the victor in category #4.


Fifth Category: Options


Webull currently offers trading in calls and puts. The broker-dealer does not yet offer multi-leg strategies.

Chains appear on both its desktop platform and mobile app. On the desktop system, one expiration date can be selected at a time, and up to 10 strike prices can be selected per expiry. The software can show puts only, calls only, or both at the same time. Open interest and implied volatility are shown, but there are no Greek values.

On Webull’s mobile app, chains can be displayed in either vertical or horizontal format.

At Robinhood, only vertical format is available. And the broker doesn’t use traditional chains. Instead, the system displays call and put buttons alongside buy and sell buttons. You tap on the choices you want and submit the order.

Besides calls and puts, the app permits the trading of straddles, strangles, iron condors, call spreads, and put spreads.

Robinhood’s browser platform doesn’t have pre-defined multi-leg strategies, but it’s possible to build custom strategies up to 4 legs. Like Webull, Robinhood doesn’t offer Greek values.

The victory in the fifth category is awarded to Robinhood.


Sixth Category: Other Services


Dividend Reinvestment Program: Neither broker-dealer in this examination offers dividend reinvesting.

IRA’s: Webull, but not Robinhood, offers Individual Retirement Accounts.

Automatic mutual fund investing: Obviously, this service isn’t available at either place.

Webull edges out its rival in the last category.


Our Recommendations


Beginners: Robinhood’s software is a little more user-friendly; but Webull is not hard to learn.

Mutual Fund Traders: Although neither broker in this competition offers mutual funds, Ally Invest would be a good pick.

Long-Term Investors and Retirement Savers: Webull’s IRA’s gives it an advantage over Robinhood for retirement saving.

Small Accounts: Both brokerage firms do equally well for small account balances.

Stock and ETF Trading: Webull’s trading tools are more advanced than Robinhood’s. Plus, it delivers much better security research. We suggest Webull.


Promotions


WeBull: Get 3 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement.

Robinhood: Get one free $3-$7 value stock when you open an account.



Webull vs Robinhood Judgement


Webull is the overall better performer.

With a recent server outage that left all investors without access to accounts for 17 hours during the matket crush, Robinhood has work to do.