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50+ Reasons Is Webull Better Than Robinhood | Webull vs Robinhood Trading Hours

Webull and Robinhood have many similarities, but there’s one major difference. Webull and Robinhood both offer free trading of stocks, options and...

Written by Suffescom Solutions · 7 min read >
trading app robinhood vs webull

Is stock trading something your forte, especially in the era of digital currency like crypto? If yes, Get ready to gear up and relish huge profits with new-age platforms like Webull and Robinhood. Both platforms are popular in their way, thereby choosing the one at times becomes quite tricky. Worry, No more! 

Online trading platform apps have been bringing a new generation of investors to the stock market. Thanks to trading apps like WeBull. Launch your own Webull Clone app and get into the crypto trading market.

Topics covered on this page

  • Market Scenario of Robinhood And Webull
  • App Features Comparison
  • Webull vs Robinhood Trading Hours
  • Account Minimum
  • Tradable securities
  • Account types
  • Fractional shares
  • Customer support
  • Other factors
  • Webull Vs Robinhood
  • Sites Like Webull
  • Webull Similar Apps
  • Alternatives to Webull

Robinhood and Webull are amongst the top leaders in terms of investment, gaining an edge among the users.  Millions of users globally are using both platforms at their peak to quickly trade and track stocks, options, and cryptocurrency. Webull App is more than these days than others. 

For those looking to change their game within the stock market, these platforms give them a boost.  Before that, knowing the Difference Between Webull and Robinhood is a must. Webull is best at providing users with charts, statistics, and customer support to rock the trading with no commissions. Robinhood, on the other, is a versatile no cost easy to use mobile app. This US-based platform is known to start the concept of commission-free trading.  It is best for beginners as compared to Webull, providing a more user-friendly interface.

Current Market Scenario of Robinhood And Webull

Both Robinhood and Webull are leading the competitive market. Let’s have a closer look at the current popularity of both platforms in their respective genres. 

  • Robinhood is one of the best choices for traders who are active in the trading market.  It comes with a cash management option.
  • Webull, on the other hand, provides users with no to fewer investment options, including commission-free accounts and IRAs.
  • Robinhood has tended to generate around $682 million in revenue in 2020, depicting a 514 percent increase in revenue year-on-year.
  • In May 2020, Robinhood stated that it tends to have 13 million active users and is expected to reach 20 million in the coming year. 
  • Webull is the best online brokerage platform offering commission-free stocks, ETFs, and options.
  • Users dealing within Webull are protected for securities and cash up to an aggregate of $150 million by Apex’s policy, with maximum individual customer limits of $37.5 million for deposits and $900,000 for cash.

Well, there is no end of comparison when it comes to Robinhood vs. Webull. Read to know the brief difference between Webull and Robinhood to make a wise decision when trading within the stock market.

How to Make an App Like Robinhood

Features Determining Robinhood Worthiness 

Some of the leading constraints that make Robinhood a boom hit in the market are as follows:

  • Targets beginner investors
  • Best for mobile users
  • Individual taxable accounts
  • Margin accounts
  • Zero stock trading costs
  • No account fees
  • No annual, inactivity, or ACH transfer fee
  • 24/7 Customer support 
  • User-friendly interface

Features Determining Webull Worthiness

The top-notch feature that makes Webull a leader in the stock trading market.  Let’s hear! 

  • Advanced trading tools
  • Intermediate investors
  • Active traders
  • Stock trading costs
  • $0 options trades
  • No account fees 
  • No annual or inactivity fees
  • Access to 11 cryptocurrencies
  • Number of no-transaction-fee mutual funds

Difference Between Webull and Robinhood: A Clear Overview

CATEGORYROBINHOODWEBULL
Stocks and ETF commissions$0$0
Options commissions$0$0
Account minimum$0$0
Tradable securitiesStocks, ETFs, options, cryptocurrencyStocks, ETFs, options, cryptocurrency
Account fees$75 transfer-out fee$75 transfer-out fee
No-transaction-fee mutual fundsNoNo
Account typesIndividual brokerage accounts, cash management accounts, margin accountsIndividual brokerage accounts, IRAs, and margin accounts
Mobile appMobile app on the Apple App Store and Google Play StoreMobile app on the Apple App Store and Google Play Store
Fractional sharesFor purchases and dividend reinvestmentNone
Customer supportLimited email and chatbotPhone 24/7 and email availability, in-app chat

More comparison between Robinhood and Webull

Webull and Robinhood both accept cryptocurrency, albeit Robinhood only allows you to buy a limited number of coins, and you can’t convert your bitcoin for other investments. Webull allows you to buy and sell cryptocurrency, but its range of coins is much smaller than Robinhood’s. Webull is a better option than Robinhood if you want full crypto trading functionality. Trading in cryptocurrencies is not supported by TD Ameritrade.

Account perksCommission-free accounts, fractional shares, cash management accounts, cryptocurrency trading, margin trading, Morningstar researchCommission-free brokerage accounts, extended hours trading, cryptocurrency trading, margin trading, Nasdaq-sponsored data, and IRA investing.
Crypto Trading – Total Coins117
PromotionGet one share of free stock after opening an account and linking a bank account.Open and fund a brokerage account with at least $100 and get two free stocks.
Mutual Funds – Asset AllocationIt provides asset allocationThere is no such allocation within the mutual funds
EasinessBest for tradingTrading and investing in one

Robinhood vs. Webull: Which is better?

To know which is better, let’s get to the pros and cons of both platforms.  Here we begin!

Robinhood 

Pros 

  • The best thing about the Robinhood application is it offers commission-free trading. Unlike other apps, it does not charge any penny for trading. There are apps you will find setting around a 1.5 per cent trading fee for most transactions. Robinhood, on the other hand, does not have any such policy. 
  • Secondly, Robinhood follows 2 step verification with a cold storage facility to protect against crypto platform breaches.
  • Next, Robinhood is highly intuitive with a user-friendly interface, making it the most popular application amongst users.

Cons 

  • The biggest drawback of using the Robinhood application for crypto trading is it helps to buy, hold and sell cryptocurrencies. It does not let users send or transfer cryptocurrencies to other wallets. 
  • Since there are several cryptocurrencies but Robinhood offers to trade to a limited number of cryptocurrencies. 
  • It does not allow diversification of cryptocurrencies to users reducing its capacity to explore more. 

Webull 

Pros

  • It is one of the solid mobile applications with a next-level user interface.  It is easy to use and work with as compared to other applications.  
  • There is no system of depositing minimum to some fees, which makes the platform better than others. 
  • Paper trading is highly available in it making it easy
  • Another best thing it offers access to around 11 different cryptocurrencies diversifying the choices for the users. 

Cons

  • The drawback is that the application is not supported with good customer support as users fail to contact the experts.  
  • There is limited research on the platform, not letting customers explore their mutual funds, bonds, futures, or foreign exchange trading.
  • There is no option to live chat, making the platform less user-friendly in some aspects. 

Webull and Robinhood Rating Comparison

FeatureWebullRobinhood
Overall3.53
Commissions & Fees4.54.5
Offering of Investments2.52.5
Platforms & Tools32
Mobile Trading44
Research2.52
Education1.53
Ease of Use55
Webull ReviewRobinhood Review
Winner✔️

Trading Fees Comparison Between Webull & Robinhood

FeatureWebullRobinhood
Minimum Deposit$0.00$0.00
Stock Trades$0.00$0.00
ETF Trade Fee$0.00$0.00
Mutual Fund Trade FeeN/AN/A
Options (Base Fee)$0.00$0.00
Options (Per Contract)$0.00$0.00
Futures (Per Contract)N/AN/A
Broker Assisted Trade FeeN/AN/A

Webull trading hours vs Robinhood

Webull Trading Hours

Can you trade in pre and post-market with my Webull account?

Webull allows you to trade during extended trading hours including pre-market and after-hours.

  • Pre-market trading hours:  from 4:00 a.m. to 9:30 a.m. EST
  • After-hours trading hours: from 4:00 p.m. to 8:00 p.m. EST

Robinhood Trading Hours

With Robinhood, You can still place stock and ETF orders and invest in cryptocurrency when the markets are closed.

Traditionally, the markets are open from 9:30 AM ET – 4 PM ET during normal business days (Monday – Friday, no bank holidays). This means that any weekend orders you place to invest in stocks or ETFs will be queued to process when the market opens on the next trading day.

The price volatility is much higher during extended hours, compared to the price volatility during normal market hours. We suggest using limited prices to place an order. Learn more about regular and extended market hours

Here’s how these apps compare to some of the most common features.

BROKER CATEGORYROBINHOODWEBULL
Stocks and ETF commissions$0$0
Options commissions$0 per contract$0 per contract
Account minimum$0$0
Tradable securitiesStocks, ETFs, options, cryptocurrencyStocks, ETFs, options, cryptocurrency
Account fees$75 transfer-out fee$75 transfer-out fee
No-transaction-fee mutual fundsNoneNone
Account typesIndividual taxable accountsIndividual taxable accounts, IRAs (traditional, Roth, and rollover)
Mobile appMobile app on the Apple App Store and Google Play StoreMobile app on the Apple App Store and Google Play Store
Fractional sharesFor purchases and dividend reinvestmentNone
Customer supportLimited email and chatbotPhone 24/7 and email availability, in-app chat

Alternatives to Webull

  1. Interactive Brokers
  2. Robinhood
  3. TradeStation
  4. Moomoo
  5. Coinbase

FAQ Related to Webull and Robinhood

Is Webull better than Robinhood?

Is Robinhood a better alternative to Webull? Webull (65.17 percent) outperforms Robinhood after three months of testing 11 of the finest online brokers (62.62 percent ). Webull provides a unique community experience as well as user-friendly trading platforms that will appeal to the majority of youthful investors. Webull, on the other hand, lacks the trading tools and capabilities to compete with industry heavyweights who also offer $0 stock and ETF transactions for everyday investment.

Difference between Webull and Robinhood?

  • Robinhood is a good alternative for aggressive traders because it has a cash management feature.
  • Webull offers a variety of low-cost investment choices, including commission-free accounts and Individual Retirement Accounts (IRAs).

Can you transfer crypto from Robinhood to Webull?

Currently, Webull does not currently support transferring crypto assets.

Why is Webull better than Robinhood?

The main reason why Webull is better than Robinhood is that Robinhood does not support short sales of stock at the time of writing, while Webull does.

Does Webull offer custodial accounts?

No, Webull currently does not support custodian, joint, or trust accounts. Webull does not offer UTMA/UGMA custodial accounts. 

Wrapping Up:

Webull and Robinhood are online brokerage firms that provide active traders with online access to stock markets as well as the ability to invest and trade with the press of a button. Both platforms cater to both new and seasoned traders, making them ideal for newcomers to the world of investing.

Robinhood and Webull is a boom hit in the stock market. Robinhood Clone has bought trading within the digital currency to the peak. Whether investing, stock market, profit relishing, or so on, both the apps are gaining an edge.  The above information depicting the Difference Between Webull and Robinhood hope gives you a  clear mindset on which platform to choose for trading. 

So now that you are well versed with the ins and outs of trading and looking to have a like platform same as Webull and Robinhood, what are you waiting for? Connect with the best app development company that offers top-notch tools packaged apps helping you to trade efficiently.  With advanced apps, it becomes easy for you to put your money to work. Hurry up for the new journey ahead!

Written by Suffescom Solutions
Suffescom Solutions has an entire spectrum of services on offer. We believe in delivering services without compromising on time or quality. Driven by allegiance and hard work, Suffescom has in very little time, been able to grow into a Mobile App Development service provider with clients spread all over the World. We have a highly capable team of app consultants, designers, writers, programmers and web marketing professionals who know how to deliver results. Suffescom reviews the requirement of each project in detail before providing a quote. We treat each of our clients individually and therefore we do not offer set prices on any service. Profile

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