Compare
Robinhood vs Webull
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Robinhood leads
- 2
- Webull leads
- 3
- Level
- 4
Of 9 scored facts, Robinhood leads on 2, Webull on 3, and 4 are level. Countries and the offer are not scored.
Sync-only with QuantWheel
Your tradingabout $0.55 a monthabout $6.64 a yearInactivity fee estimated.
View broker
Trade & Sync with QuantWheel
Your tradingabout $0.59 a monthabout $7.07 a yearAssignment and inactivity fees estimated.
View brokerAdd a third broker
Up to three brokers, with a year of your trading at each
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact | Robinhood | Webull |
|---|---|---|
| Fee per contract | $0 per contract | $0 per contract |
| Robinhood, Index contracts and other fees extra | Webull, Oversized and index orders cost extra | |
| Exercise and assignment | $0 | Not published |
| Approval | Spreads | NakedBest |
| Robinhood, Up to defined-risk spreads | Webull, Up to naked short options | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | No | Not published |
| Spreads in an IRA | No | No |
| Portfolio margin | Not published | Not published |
| Margin rate | 5.05%Best | 8.74% |
| Platforms | Web, Mobile | Web, Desktop, Mobile, APIBest |
| Paper trading | Not published | Yes |
| 24/7 support | YesBest | No |
| Countries | US only (SSN, US address; citizen, permanent resident or valid visa) | US residents only (incl. accepted visa holders); SSN or ITIN and US address needed |
| QuantWheel | Sync-only | Trade & SyncBest |
| Robinhood, Reads the account; you place the orders | Webull, Reads the account and places the orders you approve | |
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of the United States, Puerto Rico and the US Virgin Islands, among the 243 countries this directory covers. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of 8 of the 243 countries this directory covers, among them the United States, Brazil and Mexico. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
Robinhood
about $0.07 a trade, under 0.1% of your premium. Inactivity fee estimated.
about $0.55 a monthabout $6.64 a year
Webull
about $0.07 a trade, under 0.1% of your premium. Assignment and inactivity fees estimated.
about $0.59 a monthabout $7.07 a year
Robinhood does not publish every fee this strategy needs, so no broker is named lowest here.
A year from each broker's published fees. A fee a broker leaves out is estimated at the middle of what the brokers that publish it charge, and that total says about. Your broker statement can differ, and brokers change fees.
Who each suits
Written from the facts on this page. Each feature needs the broker's approval and account rules.Robinhood suits a trader who wants chat support around the clock. Its highest level is spreads. Webull suits a trader who wants naked options, paper trading, a desktop platform or an API. Its Level 4 for naked options needs a minimum balance. Both open accounts for US residents and allow covered calls and cash-secured puts in cash accounts and IRAs. QuantWheel sends the orders you approve to Webull. With Robinhood, QuantWheel syncs your positions and you place the orders at Robinhood.
More comparisons
Questions people ask
Robinhood vs Webull