WEBULL VS ROBINHOOD 📈 Best Free Investing App For Beginners! #Best Education Page #Online Earning

- Hey what is going on you guys?

Hope you're having a great day so far.

Welcome back to the Channel.

So in this video today we are going to be

talking about Webull versus Robinhood.

So Webull is a new brokerage platform

that came on the scene back

in May of 2018, and they have

rapidly growing in market share.

And to be honest with you guys,

they are giving Robinhood a run for their money.

So if you're out there,

and you're looking to learn more

about these free investing platforms,

and you're looking at both Webull and

Robinhood, and you're trying to understand

what's the real differences between these platforms,

that's exactly what we're going to talk about

in this video today.

Now two things to mention real quick,

first of all this is an article

from my blog Investing Simple.

If you do want to follow along or read this,

it is linked up in the description below.

And then second of all, if you do decide

that you want to sign up for Webull,

if you use my affiliate link in the description

you are going to get a completely free stock,

so long as you open and fund the account with $100 or more.

If you download the Webull app from the app store,

you will not get that free stock,

so if you do wanna get a free stock

you have to use my link in my description,

or somebody else's affiliate link out there,

but it's a great option to get a completely free stock

and it supports me in the process

for putting this video together.

So I would certainly appreciate your use of that link.

So Robinhood has truly been extremely disruptive

to this brokerage industry,

because of the fact that they

were the first commission-free brokerage,

and this has really pioneered a path

for a wave of new investing platforms

like M1 finance, Firsttrade,

and then most recently Webull

of all of these different platforms

offering commission-free trading.

And the good news for you is that

the more competition there is,

the better options these companies have

to layout for investors.

Otherwise you know you're not going to

wanna use these platforms at the end of the day.

And essentially what we have here

is a platform for beginners

versus a platform for intermediate to advanced traders.

So if you are a complete beginner

who has no prior experience or knowledge

in the stock market, that is essentially

what Robinhood is designed for.

It's for complete beginners

who want the most basic, watered-down,

investing platform out there.

Now, that being said the complaint that I get from people,

all the time when they are using Robinhood,

is that after they use it for a couple of weeks,

or a coupla months, they realize

how limited they are by that platform,

because of the lack of research tools,

the lack of sophisticated charting,

and just the simplicity of the app.

But again, that is what Robinhood was designed for,

was to be the simplest investing app out there.

So Webull essentially saw the opportunity here

to take what Robinhood has done,

and then bring it to the next level,

by offering that more sophisticated approach

with the research tools and everything available on the app.

They've added a trading simulator,

they've added commission-free short-selling,

extended-hours trading, in a number of different things

that you just do not see on Robinhood.

Now that being said, if you are interest

in trading cryptocurrencies or options,

you're only going to have that available on Robinhood,

that is not available through Webull.

And this right here is an actual screenshot

from the Webull trading platform.

As you can see there is a lot more going on here,

and you have access to a lot more

sophisticated charting data,

but if you are a complete beginner,

this could be totally overwhelming to you,

and it might be like trying to take a drink

from a firehose if you don't know what you're doing.

But if you are looking for

a more advanced trading platform,

it is definitely an excellent one to consider,

and they are rapidly gaining market share for a good reason.

Just to show you another example of the research tools here.

This is the page showing the analyst ratings,

showing the overall buy-sell-hold recommendations,

and the trend, and there are

all kinds of research tools just like this.

And then on the technical side of things,

for the technical traders,

they have close to two dozen technical indicators,

all of which are viewable on the app.

And the one thing that I have to say is this,

despite how much Webull has actually packed

into this app, the user experience is still very good,

and it's a very user-friendly app,

even though there is so much information

available to you at your fingertips.

And then one of my favorite features

is that you can actually have a social experience

within the app, where, under stocks.

Each stock you can leave comments about your trades,

you can share trades, and kind of get ideas

with other people.

It kind of reminds me of a combination

of Reddit and a brokerage app,

where you can have these discussions within the app,

and I think that's a really handy feature,

and I'm glad they implemented that,

and it's not something I'm seeing anywhere else.

So as far as both of these apps go.

They are both 100% free, 100% commission free.

They both have a zero dollar minimum account balance,

and so literally there is no risk,

or no strings attached with opening up

an account with either one.

Like I said, Webull does offer that free stock

if you open an account with my link,

with $100 or more.

Robinhood does have a similar referral program,

but you have to find a friend of yours

who has the Robinhood app,

they have to invite you through their app,

and then you both get a free share of a random stock,

but I do not have a link

to offer a free stock through Robinhood.

Now there are a couple of downsides

to both of these platforms

that I want to discuss real quick with you guys now.

First of all, neither Webull nor Robinhood

offer retirement accounts,

which means the only option out there

is the individual taxable account.

Second of all, there is no dividend reinvestment.

So if you are an income investor,

and you're receiving dividends

from your stocks that you own

there is no way to automatically

reinvest those dividends.

You're gonna have to manually do that.

Third of all they do not offer fractional shares,

which means that if you are looking to buy stocks

like Amazon or Google,

you have to buy whole shares of these stocks,

and then another big downside here

is the limited customer service,

because they are offering free trading,

they had the costs and different areas,

and one of those was customer service,

as well as paper statements.

So all communications between you

and the brokerage will happen via email,

and you will not be receiving any statements,

or tax documents in the mail,

but if you are, you know, familiar

with the internet and how to import documents

to TurboTax, this is really not an issue whatsoever,

but it is worth noting#

And you will not be able

to call someone up on the phone

with either one of these brokerage accounts,

your only option is to use the chat features,

or the email support, and both Webull and Robinhood

have less-than-stellar customer service,

but it's something that you're going to

have to deal with to take advantage

of this commission-free trading.

But overall, here just to summarize,

Webull is an intermediate to an advanced trading platform,

while Robinhood is designed for complete beginners.

Robinhood does allow you

to trade options in cryptocurrencies,

however Webull does offer commission-free short selling

if these different options interest you.

One of my favorite parts about Webull

is first of all, the fact

that they have that social aspect

with the stock trading,

where you can share your trades

and learn from other people.

And then second of all, they offer a trading simulator,

which allows you to practice with fake money,

to really familiarize yourself with the platform,

that way you're not using real money,

and making any mistakes

that could potentially cost you money.

Overall, both platforms are lacking in a few areas.

To name a few, the dividend reinvestment,

the lack of retirement accounts,

and then in customer service,

but at the end of the day, both of them

are completely free with a zero-dollar balance

to get started.

So my recommendation to you

is to open an account with both of them.

Play around with each of them,

and see which one seems to be a better fit.

If you are a more advanced or intermediate trader,

as it is, you're definitely gonna wanna lean

towards Webull because of the advanced tools,

and research available that you're not

going to see on Robinhood.

But anyways guys that's gonna wrap up this video.

Like I said if you wanna grab

a completely free stock all you have to do

is click the top link in the description below

to open an account with Webull.

If you put $100 in or more, you're going to get

a completely free stock.

And again if you simply download Webull

from the app store you will not get that free stock.

You have to use my affiliate link,

or somebody else's out there,

in order to get that free stock.

And if you do wanna learn more,

we have this full review over on my blog,

and that's going to be in the description as well.

But thank you guys so much for watching this video,

I hope it helped you out.

And I will see you in the next one.

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