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Basic trading on Webull or Robinhood is completely commission freeits the key reason people started trading with them. Beyond support, both products are known for their well-designed user experience. Robinhood and Webull are two of the most popular investing apps, and millions of users have flocked to them for their ability to quickly trade and track stocks, options and cryptocurrency. Barbara Friedberg is a veteran investment portfolio manager, fintech consultant, and expert investor. (Interested in other options? J&J's Spinoff Kenvue Valued at $40 Billion. What's Ahead for Consumer Webull vs. Robinhood: Which Is the Best Investment App for You? - MUO I like having a Roth IRA I can trade with in Webull. Webull also has two additional regulatory fees related to buying and selling options. He has more than 10 years of agency, freelance, and in-house experience writing for financial institutions and coaching financial writers. Webull offers users a robust screenerwhile Robinhood doesnt provide this key tool at all. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Is it safe to give them SSN? Webull - $0.0000051 x Total $ Trade Amount (Minimum $0.01). Both rely to a large extent on what is known as the bid-ask spread, the difference between a stocks buy price and its sale price. They offer well-designed mobile apps that are simple to navigate and offer the features you need to trade on the go. One for opening a brokerage account, and another for making a direct deposit. Robinhood is a mobile-first brokerage specifically targeting new investors who want a simple app to buy and sell stocks, ETFs, and cryptocurrency. (Robinhood Gold costs $5 a month.). Instead, these investing apps stick to stocks, ETFs, options and crypto. All the investing, research, and educational functions can be tapped easily from the home screen. Webull has a more complex fee structure with margin account rates. Number of no-transaction-fee mutual funds. 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.) Options trading is also completely free on both platforms, which is a notable advantage over many other online brokerages. These include white papers, government data, original reporting, and interviews with industry experts. Customer support options (includes how easy it is to find key details on the website). Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Robinhood does not reveal how much youll pay via the spread, however. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser.