WeBull vs Robinhood | Choose The Right Broker
Two of the hottest brokerage services on the market are WeBull and Robinhood. Our members want to know who is better? So here we are to break them down and help you make the best decision.
Before we begin it’s important to note that a good broker won’t fix bad investing. If you need help becoming a better investor join Augury and learn our system for great investing.
WeBull Review
Experience Level: Intermediate
Day trading: 4/5
Longterm investing: 4/5
Options trading: 4/5
Technical analysis: 4/5
Fundamentals: 4/5
Trade idea generation: 3.5/5
News stream: 3/5
Customer support: 5/5
Overall: 31.5/40
WeBull Desktop
WeBull’s desktop version is awesome. It allows for plenty of technical and fundamental analysis for both day traders and longer-term investors. WeBull also offers an A+ paper-trading experience, which can be great for beginner investors to use to learn the slightly more advanced platform. The desktop dashboard allows investors to see overall market performance for the day, top gainers/losers, hot stocks, and earnings calendar, and a heat map of the hottest industries. The dashboard is completely customizable with Webull’s widget tool that allows you to drag and drop. Want to track institutional holdings or view financial statements on your dashboard? Just drag and drop.
What we like:
Webull has a simple to use mobile and desktop interface that allows for custom alerts ranging from technical alerts to fundamental alerts.
Webull also offers access to level 2 data and higher-level options strategies.
Webull offers great insights into your portfolio performance, allowing you to compare your P/L against the S&P, Nasdaq, or the Dow. In addition, you can access buy/sell dates, P/L from stock, or options over different periods.
Webull support has replied to my tickets consistently in under 1 hour and has fixed errors even quicker. Overall Webull customer support deserves an A++.
What we don’t like:
The downfall of Webull. There is only one downfall to Webull and that is the lack of OTC & international stocks available for trading. Webull has begun to roll out some international markets as of recent but has not been able to communicate a timeline for OTC stocks which have high demand from Augury investors.
RobinHood Review
Level: Beginner
Daytrading: 1/5
Longterm investing: 3.5/5
Options trading: 3.5/5
Technicals: 1/5
Fundamentals: 1.5/5
Trade idea generation: 2/5
News: 3/5
Customer support: 3/5
Overall: 18.5/40
Robinhood Web Platform
Robinhood’s web platform isn’t too much different from its mobile app. Robinhood is great for investors looking to start investing. It’s not made for overly active investors but it is made for absolute ease of use. The design of the app use minimalism which does a great job keeping things simple and easy to use.
What we like:
We like Robinhood for beginners and long-term investors. Robinhood may not be able to stand in a ring with WeBull in terms of tools, features, and customer support but it certainly gives you the ability to start your investing career. If you haven’t already, be sure to read our article “How to Make Money on Robinhood | Triple Your Money in 3 years”.
What we don’t like:
Robinhood is implementing new customer service strategies, this was our biggest issue. Overall we think Robinhood is good for simple long-term access to the stock market for beginners looking to buy and hold.
Overall What Should You Do?
The broker isn’t going to be the factor that determines if you become rich or not. We suggest investors focus on using the right investing principles and learn the behaviors and strategies of other great investors. They often say you are an average of the 5 people you hang around the most, if you’re hanging with Augury you’re average is going to look pretty good over your investing career.
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