Webull | Robinhood |
Great for Traders who prefer using a mobile app and who are specialized in stocks and options | Great for Investors who trade frequently or new investors who intend to find a footing in the world of crypto. |
Cryptocurrencies Offered 41 | Cryptocurrencies Offered 7 |
Fees Withdrawal Fees: $8 fee is charged for domestic wire transfers, while international wire deposits cost $12.5 Trading Fees: $0 | Fees Withdrawal Fees: Free Trading Fees: Free |
Bonus Offer Get 6 free stocks for signing up, worth up to $3,000 | Bonus Offer Get $5 - $200 in free stock for signing up |
Unique Features
| Unique Features
|
Minimum Trade Amount $0 | Minimum Trade Amount $0 |
Customer Support 24/7 phone and email, chat available for app users | Customer Support |
Pros
| Pros
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Cons
| Cons
|
Webull vs. Robinhood Overview
Webull is a recent crypto exchange platform that offers competitive margin rates with no minimum amounts for trade or stock. It is suitable for investors that prefer using their mobile app to trade because it has an excellent mobile app.
Robinhood is an all-in-one platform for users who prefer trading with their mobile devices. It offers free trades on cryptocurrency and stocks as well as fractional shares. Robinhood has a good user interface which simplifies the trading process for users.
Cryptocurrencies Available
Webull lists 11 Cryptocurrencies on the platform, and investors have access to comprehensive customer support, intuitive navigation on its mobile platform, and customizable templates.
Robinhood offers 7 Cryptocurrencies, including the largest by market cap. Also, many users can only buy and sell crypto in USD without being able to send or receive it from another wallet. However, on Robinhood, users can directly purchase Cryptocurrencies directly in their stock trading account.
Fees
Fees in Webull are quite low, and some services even go for free. Listed are the fees on the exchange platform
- $8 for wire transfer for US deposits
- $25 for international withdrawals
- $12.5 for international deposits
- Zero commission on exchange-traded options
- zero commission on cryptocurrency trading
Robinhood fees – Robinhood charges zero trading fees. However, there are some other fees on the platform explained below:
Trading on margin – Robinhood gold subscription at $5 monthly
Account transfer – $75
Domestic and international wire – Free
Account opening and maintenance costs – Free
Check fees – $20 for overnight domestic check
Option trading – Free
Equity trading – Free
Staking and Credit Card Options
Users can fund their Webull account with their credit or debit cards, and the process has little difference from the process of making any online payment.
Robinhood does not support direct funding using a credit card and currently does not offer any staking services. However, it promises to incorporate staking in its upcoming wallet feature.
Security
Webull is a relatively safe exchange platform. It uses Apex crypto to store crypto funds, although it does not have insurance on crypto holdings, and it may not have sufficient financial coverage to repay losses in the event of technical casualties.
Robinhood uses the following security features;
- Double factor authentication
- App lock using face, fingerprint, and custom pin
- Certified SPIC member
However, Robinhood, unlike most brokers, has no SIPC insurance and has reported data breaches on more than two different occasions within four years.
How to Decide Between Webull and Robinhood
Webull is a good option for traders who are active and interested in trading stock and options or traders who are just getting started and do not have a lot of funds to invest. It is available for users within the US, Turkey, Philippines, Korea, Malaysia, Japan, and China.
Robinhood is a great place for newly starting out investors who want to get accustomed to investing. The mobile platform is very friendly and easy to navigate; despite the hitches in transparency, Robinhood is also a suitable destination for beginners interested in stocks. Robinhood is available in many more countries than Webull; it is unavailable in Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine.