#Webull #Robinhood #StockMarket
Webull vs Robinhod
Robinhood vs Webull
Stock Market Investing For Beginners
In this episode of The IKhanic Show, I do a quick Webull tutorial for beginners and go over 5 reasons why I think Webull is a better platform than Robinhood.
After a lot of thought and almost 2 years, I've decided to finally switch to Robinhood from Webull and here is why:
1. Better Extended Hours: Extended hours is when a broker allows you to trade before market opens or after market closes. Robinhood allows extended hours from 9am to 6pm. However, Webull allows you to trade 4am to 8pm.
2. Webull has far better charting capabilities. Robinhood's charts lack in depth and I posted a picture of the comparisons in my video of their charts. Webull is powerful and on par with big brokers like TD Ameritrade's Think or Swim. You can use drawing tools and different indicators. Also, Webull has all of the news articles related to the stock, free financial statements, and allows you to create screeners and alerts. Robinhood does not.
3. Webull has far better customer support than Robinhood. In my two years, Robinhood has been through at least 2 scandals. First it crashed on one of the most historical days in the stock market (3/2/2020), and then recently during the whole Gamestop fiasco. Both times, Webull handled the situation way better. Robinhood took several poor leadership decisions.
4. Webull allows you to short sell and invest in IPO's. Robinhood does not.
5. Webull offers amazing incentives. Not only do they give 2 free stocks (and some times 4 free stocks) when you refer others to their platform, but they are currently offering to pay for brokerage transfer fees ($75 value). In addition, they will give you 25 free stocks if your account is worth at least $25,000. (~$250 value).
I hope you enjoyed this episode!
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