This is particularly dangerous for investors who might not fully understand the risks they’re taking, especially since both Webull and Robinhood emphasize equities and options, two higher-risk categories of asset. Granted, this is a lower APY than you’ll see at some of the leading HYSAs. Webull recently added free IRAs which is not something Robinhood is offering at this time. 2020 Earnings & Broker Statements – 2019 Earnings & Broker Statements – 2018 Earnings & Broker Statements – 2017 Earnings & Broker Statements, Billing & General Support – [email protected], Warrior Trading, PO Box 330, Great Barrington, MA 01230 Both platforms make trading easy and quick, whether from a desktop or a smartphone screen. All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. Also, while both firms select your stocks at random, the highest you can earn from Robinhood’s free stock bonus is $200, whereas you can earn up to $1,650 when you sign up and fund a new Webull account — if you’re lucky. The broker has no screener at all. Information is well laid out and easy to find. Here's a great bonus offer from Robinhood! Most importantly, be patient, be determined, and stick to the plan. Despite its young age, it has managed to put together quite an undertaking in just two years. They do not charge any hidden fees, and there are no strings attached. Your email address will not be published. Unidirectional Trade Strategy - Opening Price Tricks, Top 5 Trading Strategies that Work in 2020, S&P Trading Strategy – The 3 bar Strategy, NADEX Trading Strategies - Binary Options, 3 EMA Trading Strategy – The 3 Bar HL System, Volatility Trading Strategies – Profit Without Forecasting Price Direction, Professional Trading Strategies – One Good Trade at a Time, Intraday Trading Strategies That Work (2020). The brokerage’s apps are packed with relevant information about all types of investments and markets, including initial public offerings (IPOs), dividends, popular exchange-traded funds (ETFs) and industries, Forex and even more. Webull, on the other hand, is meant for active traders. How does the overall valuation compare to peer companies? Thanks to this community, it now feels like I've been given the keys to absolute freedom. So if you open and fund a Webull account with $100 on your initial deposit, you will receive 1 free stock with a combined valued up to $1,650. Day Trading is a high risk activity and can result in the loss of your entire investment. Somewhat oddly, the trading experience is more advanced on Robinhood’s mobile app. If it’s priced at 10¢ or less, the requirement is 1,000 shares. It has a waiting list, but that’s it for now. Robinhood charges $0 in commissions and the minimum to open an account is, you guessed it, $0! Looking at Mutual Funds, both brokers offer the same number of mutual funds, 0. Comparing brokers side by side is no easy task. Since it is 100% free, this is an easy way to get some free money and win a free stock just for opening an account. Robinhood and Webull have grown rapidly for two reasons. Both of these platforms advertise themselves as being largely free of fees and commissions. Webull is offering Investing Simple readers who open an account using this link one completely free stocks just for signing up and funding with $100+ on your initial deposot. Webull offers neither. With Robinhood, what you see is what you get! Either way you look at it, these are some amazing ratings for trading apps, considering that both firms are relatively new. Experts designed Webull for the active trader who is looking for a more dynamic user interface than most free platforms are offering. It is meant to be the most straightforward trading platform out there. Most importantly, what kind of freebie does each brokerage offer? Robinhood did a great job gaining market share for beginner investors, however they did not meet the needs of intermediate active traders. After testing 15 of the best online brokers over five months, Webull (73.21%) is better than Robinhood (62.62%). Webull also offers a trading simulator, which is also called paper trading, that allows you to practice trading stocks without the risk of losing any real money. Robinhood offers pattern-day trading protection. If you are looking to buy or sell mutual funds, you won’t be able to do that with either Robinhood or Webull. We will be identifying where each platform shines as well as where each platform could improve. Robinhood also has a FREE stock promotion. Compare the Top 3 Financial Advisors For You. However, one thing you will find is that Webull leads the pack on customer support. Webull is a newcomer in the mobile trading App sector that came on the scene back in 2018. Does Robinhood or Webull offer a wider range of investment options? Here the fee structures differ. What really separates the two are the unique features of each platform. Good evening everyone. Margin trading is available on both platforms as well. DAS Trader Review 2020: Best Day Trading Platform? The system uses a candlestick chart, providing far more technical data on its basic trading pages than Robinhood does, however, at the risk of also confusing new investors. You can also purchase fractional shares of stocks with Robinhood, which you cannot do with Webull. And charting is very elementary. The simplest way to buy stocks is to open an account with Webull or Robinhood as both trading platforms offer FREE stock when you sign up. Are you interested in earning some extra income from your shares? There is no account minimum required to start investing and you can trade stocks, ETFs, options and even cryptocurrency with no trading or commission fees. Both firms do offer a ton of self-help resources, though. On the other hand, the Robinhood free stock program only gives you 1 free stock worth up to $200 when you open an account. With individual brokerage accounts, you have to transfer your cash over from your primary checking or savings account or from your high-yield savings account (HYSA) in order to start making trades. Webull Review 2020: Best Free Investing App? To open a brokerage account with Webull and to apply for a Robinhood account, you need a couple of requirements: The Webull App and Robinhood App are available on all mobile devices: Now, it remains only one question to answer: To give you an answer, we have tested both free investing Apps to see which is better. Robinhood offers investors access to Education (Stocks) and Education (Options). It is based on a lottery system, but this free stock will be worth anywhere from $2.50 to $200! Both platforms offer stock and options trading, but they differ in many of the other features that traders want – such as account types and technical analysis tools. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Here is a quick rundown of how their sign up promotions work: Webull is currently offering two free stocks for new individual brokerage account holders. 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.)