Updated September 29, 2026 · BrokerCue Editorial Team
Robinhood vs Webull
Where Robinhood and Webull differ
| Compare |  Robinhood |  Webull |
|---|---|---|
| Markets | Stocks, ETFs, Options, Futures, Crypto | Stocks, ETFs, Options, Futures, Crypto, Bonds, FundsCovers more |
| Regulators | Bank of Lithuania (LSC), LT BL, SIPC | FINRA, SEC, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Deposit and withdrawal fees | $100 outgoing transfer | $0 incoming stock transfer |
| Platforms | Robinhood app, Robinhood Legend | Desktop, Mobile, Web |
| Account types | IRA, Roth IRA, JointCovers more | IRA |
| Minimum deposit | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Margin rate | 3.95% | Not confirmed |
| Maximum retail leverage | 10X | Not confirmed |
Same on both: Stock trade fee ($0), Options contract fee ($0).
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Key differences
- Webull scores higher overall: 9.6 vs 9.4.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL.
- Regulators: only Webull offers FINRA, SEC.
- Robinhood is licensed in 1 more country.
- Markets: only Webull offers Bonds, Funds.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
- Platforms: only Webull offers Desktop, Mobile, Web.
- Account types: only Robinhood offers Roth IRA, Joint.
- Features: only Webull offers Demo account.
- Pricing model: only Robinhood offers Low fees.
Our verdict on each
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
Webull
Webull suits US retail investors who want a single app for stocks, options, futures, crypto and retirement saving, and the fee line is the draw: a stock trade costs $0. Investor protection is SIPC up to USD 500,000, though the account range is narrow.
Score breakdown
| Area | Robinhood | Webull |
|---|---|---|
| Cost | 9.6Stock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. | 9.7Higher |
| Offer | 9.3 | 9.3 |
| Trust | 9.3 | 9.8Higher |
Positions in our rankings
| Ranking | Robinhood | Webull |
|---|---|---|
| Stock and ETF brokers | 13 of 490 | 36 of 490 |
| Investment platforms and apps | 1 of 85 | 7 of 85 |
| Options trading platforms | 1 of 103 | 8 of 103 |
| Futures trading platforms | 3 of 83 | 9 of 83 |
| IRA providers | 1 of 43 | 5 of 43 |
Which one suits you
Pick Robinhood if account types matter most.
Pick Webull if trust and markets matter most.
Where these facts come from
Robinhood
- finder.com: 7 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
- mymillennialguide.com: 4 facts, checked September 26, 2026
- financer.com: 2 facts, checked September 26, 2026
- robinhood.com: 1 fact, checked September 26, 2026
Webull
- webull.com: 9 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Robinhood | Webull |
|---|---|---|
| Features | Crypto, Fractional shares, Options, Futures, Mobile app | Crypto, Demo account, Fractional shares, Options, Futures, Mobile appCovers more |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Audience | Beginners, Day traders | Not confirmed |
| Legal entity | Robinhood Europe UAB | WEBULL FINANCIAL LLC |
| Headquarters | Lithuania | Not confirmed |
| Founded | 2013 | Not confirmed |
| Support channels | Not confirmed | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Robinhood | Webull | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | Not confirmed | $10 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Margin rate | 3.95%lowest quarter | Not confirmed | 8.79% |
| Options contract fee | $0lowest quarter | $0lowest quarter | $0.59 |
Median across 99 listed brokers.
Pros and cons
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
Webull
Pros
- A stock trade costs $0 and an options contract $0 on the ira account.
- Investor protection is SIPC up to USD 500,000, with registration under FINRA, SEC and SIPC.
- A single app covers stocks, etfs and options, so shares, bonds, funds, options, futures and crypto sit together.
Cons
- Support runs on email, phone and help centre, with no live chat listed.
- Account choice is narrow, with ira the only type listed.
- Across the brokers compared, the middle retail loss share is 70.15% and the top of the range 88%.
Who each suits
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
Webull
Who it suits
- US retail investors who want stocks, options, futures and crypto under a single login
- Beginners using the demo account in crypto, demo account and fractional shares before committing money
- Retirement savers who want $0 stock trades in the same app
Who should look elsewhere
- eToro, if you want forex and CFDs, since stocks, etfs and forex include them
- CFI, if your focus is forex and CFDs rather than stocks, etfs and options
- Vantage, if you trade metals and CFDs, which its forex, cfds and stocks cover
Country by country
| Country | Robinhood | Webull |
|---|---|---|
| United States | No | Yes |
Questions about each
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
Webull
What does it cost to trade?+
A stock trade costs $0 and an options contract $0, on the ira account. The pricing model is commission free, and incoming stock transfers are free. Costs stay low, though they do not decide whether a trade makes money.
Is my money protected if the firm fails?+
Accounts sit with WEBULL FINANCIAL LLC. Investor protection is SIPC up to USD 500,000, and registration with FINRA, SEC and SIPC applies, with SIPC membership listed as SIPC member 71394. Low costs do not change that, so weigh the retail loss figures before you trade.
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