Head to head
Robinhood vs Webull
- Written by
- Juan Manuel Gonzalez
- Published
- Data verified
Verdict
On cost these two are nearly indistinguishable, and both score 9 on our cost pillar. They separate on two things that have nothing to do with commissions. Webull charges $75 to transfer your account out, against no published exit charge at Robinhood. Robinhood carries two settled 2025 enforcement matters totalling roughly $75 million, which is why its safety score is the lowest in our published set and Webull's is three points higher.
The cheapest published options schedule in our set, attached to the heaviest recent enforcement record.
- Safety and regulation
- 6/10
- Fees and total cost
- 8/10
- Investment selection
- 6/10
- Account types and features
- 5/10
Zero commissions on stocks, ETFs and standard options, with a $75 charge to leave.
- Safety and regulation
- 7/10
- Fees and total cost
- 9/10
- Investment selection
- 6/10
- Account types and features
- 5/10
What actually separates them
Options pricing
Robinhood charges $0.04 per equity options contract — the lowest published rate in our entire database — but $0.50 per index options contract unless you subscribe to Robinhood Gold, which brings it to $0.35. Webull charges $0 on standard contracts, $0.50 on certain index options and $0.10 on oversized option orders. For standard equity options Webull is nominally cheaper; for index options the two are close and both charge.
The cost of leaving
Webull publishes $75 per outgoing stock transfer, with incoming transfers free — second only to Vanguard's $100 among the exit charges we recorded. Robinhood publishes no outgoing transfer fee on the page we read, though we marked the field unverified rather than assuming it is zero. If you expect to consolidate accounts later, price that in.
Enforcement record
In March 2025 FINRA ordered Robinhood entities to pay $29.75 million — $3.75 million in customer restitution and $26 million in fines — over anti-money-laundering, supervisory and disclosure failures, including inaccurate disclosure of how market orders were collared. Robinhood separately settled SEC charges for $45 million in January 2025. Both were settled without admitting or denying the findings. We identified no equivalent matter against Webull.
Neither offers a full account lineup
Robinhood publishes taxable, traditional IRA, Roth IRA and margin. Webull publishes taxable, traditional, Roth and rollover IRAs and margin. Neither publishes joint, custodial or trust accounts, and neither offers mutual funds. Both are single-purpose accounts rather than places to run a household's whole financial structure.
Consider Robinhood if
You trade equity options frequently and the $0.04 per-contract rate is the dominant cost in your account, and you have read the 2025 enforcement findings and are comfortable with them.
Consider Webull if
You want a zero-commission account without the enforcement history, and you are confident you will not need to transfer the account out — because that costs $75.
These are conditionals describing which published facts favour which firm, not recommendations. Neither is a statement about what is suitable for you.
Full side-by-side
Both firms across every field we track, verified on August 28, 2026. You can add up to two more brokers to the comparison.
Sources
- [1]Robinhood — Trading feesRead August 28, 2026
- [2]FINRA — Robinhood ordered to pay $3.75m restitution; fines for AML, supervisory and disclosure violations (March 2025)Read August 28, 2026
- [3]FINRA BrokerCheck — Robinhood Financial, LLCRead August 28, 2026
- [4]Robinhood Financial — Standard Pricing Fee ScheduleRead August 30, 2026
- [5]Webull — Pricing and feesRead August 28, 2026
- [6]FINRA BrokerCheck — Webull Financial LLCRead August 28, 2026
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