Robinhood vs Webull vs TD Ameritrade 2024: Which Is Best?

In the ever-evolving landscape of online brokerages, investors are spoiled for choice.

Three major players in this space are Robinhood, Webull, and TD Ameritrade.

Each platform offers its own set of features, benefits, and drawbacks, catering to different types of investors with varying needs and preferences.

Let’s take a closer look at what sets them apart.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 40 Free Fractional Shares	Learn More
	5 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

Robinhood

Robinhood stands out with its introduction of Individual Retirement Accounts (IRAs) featuring a 1-3% match on contributions. This unique offering provides an attractive incentive for long-term investors.

As a discount broker, Robinhood boasts some of the lowest costs in the industry, particularly excelling in options trading with no contract fees. There are no commissions for trading stocks and ETFs.

Robinhood remains one of the few platforms allowing free cryptocurrency trading, appealing to investors seeking diversified portfolios.

In addition, with its 24 Hour Market feature, Robinhood empowers users to place limit orders throughout extended trading hours, enhancing flexibility.

You can read our full guide about how Robinhood works here!

Where Robinhood Falls Short

• The absence of mutual funds and bonds may hinder investors aiming for diversified portfolios, although bond ETFs are available.
• In addition, while improvements have been made, Robinhood still lags behind competitors in terms of customer service quality and reliability.
• Lastly, Robinhood has faced criticism for outages and trade restrictions during market volatility, raising concerns about platform stability.

Webull

Similar to Robinhood, Webull offers free stock and options trades as well as crypto trading within the app.

Webull’s platform caters to both novice and experienced traders, providing advanced charting, technical indicators, and customization options.

In addition to traditional assets, Webull recently expanded its offerings to include commodities and futures trading, appealing to a broader range of investors.

New to Webull? Check out my full tutorial below!

Where Webull Falls Short

• Despite its robust trading tools, Webull falls short in providing comprehensive research and data resources when compared to TD Ameritrade.
• Investors seeking the diversification benefits of mutual funds will need to look elsewhere, as Webull does not offer this asset class.

TD Ameritrade

TD Ameritrade stands out for its vast array of educational materials, catering to investors of all levels and helping them build market knowledge.

With a focus on innovation, TD Ameritrade offers a comprehensive suite of trading tools and resources, empowering investors to execute their preferred investment strategies.

Whether using the TD Ameritrade website or the thinkorswim platform, investors benefit from well-designed interfaces and seamless functionality.

Renowned for its top-notch customer service, TD Ameritrade ensures investors receive prompt assistance and reliable support.

Where TD Ameritrade Falls Short

• Unlike some competitors, TD Ameritrade does not offer fractional share trading, limiting accessibility for investors with smaller portfolios.
• While indirect exposure to cryptocurrencies is available, investors looking for direct crypto trading options will need to explore alternative platforms.
• As TD Ameritrade undergoes integration with Charles Schwab, investors face uncertainty regarding potential changes to the platform and services.