The answer, of course, entirely depends on where you invest. With a slightly steeper learning curve and significantly more information at your disposal, Webull is considered a better overall platform for advanced traders. Like the reigning champ, Webull offers zero-fee, zero-commission trades with no minimum balance on an easy-to-use platform (though, again, SEC and FINRA fees still apply).ĭoes not allow you to trade crypto yet, but provides significantly more tools than Robinhood to inform trades of stocks, ETFs, and as of March 2020, options. True to its name, Webull launched in 2017 and, nostrils flared, charged directly at Robinhood. MoneyUnder30 is not a member of FINRA or SIPC.” About Webull Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. The app is considered superbly beginner-friendly, though lacking in advanced features to satisfy some advanced traders.Īdvertiser Disclosure – This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and MoneyUnder30, a third party not affiliated with Robinhood. The app claims to have saved its users over $1 billion in commissions since launch.Įven among increasingly fierce competition, Robinhood continues to stand out for its simple, easy-to-use platform and wealth of trading options. The platform also requires no minimum balance.Įnables you to trade stocks, ETFs, options, and more recently, cryptocurrency. Robinhood made big waves when it launched in 2016 for being both incredibly easy to use and charging zero commission and zero fees on trades (SEC and FINRA fees still apply). Morningstar, balance sheets, cash flow reports, streaming Morningstar (Robinhood Gold required for $5/mo.) Stocks, Options, ETFs, Crypto (coming soon) The purpose of both platforms is to empower investors to quickly and easily trade stocks from their phones (Robinhood offers other commodities like crypto, but more on that later). Plus, your investments in either are protected and insured by the Securities Investor Protection Corporation (SIPC). Both are regulated by the Security and Exchanges Commission (SEC) and the Financial Industry Regulation Authority (FINRA). Robinhood and Webull are mobile app-based brokerage platforms.

Thinkorswim vs webull