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As of late you donāt need to pay a penny in commissions to commerce shares or ETFs or fork over a dime to entry funding analysis and portfolio administration instruments. Itās the perks thatāll value you further.
Webull is the most recent deep-discount buying and selling app placing the great things behind a paywall. For $3.99 a month (or $40 yearly), Webull Premium subscribers get higher charges on uninvested money, margin loans, derivatives commissions and market information, and the next IRA match on contributions and transfers.
Right hereās how the brand new Webull Premium service compares to its free providing:Ā
| Webull PremiumĀ | Webull Commonplace | |
|---|---|---|
| APY on uninvested money* | 4.1%Ā Ā Ā | 0.5% if account stability is lower than $25,000; 2.86% if account stability is $25,000 or increased |
| IRA match price | 3.5% on new contributions; 3% on as much as $500K in IRA transfers via 6/30/25 |
1.0% on new contributions; No IRA switch match |
| Margin mortgage charges (charges are variable) | 4.65%-5.95% primarily based on mortgage dimension | 8.74% on all quantities |
| Index (non-equity) contracts | $0.10 {discount} primarily based on month-to-month buying and selling quantity: $0.50 per contract on first 1,000 contracts/month after which $0.30-$0.40 per contractĀ Ā |
$0.50 per contract |
| Futures contracts | $0.15-$0.75 primarily based on month-to-month buying and selling quantity and particular futures contract (Observe: Premium {discount} doesn’t apply to first 5,000 contracts monthly) |
$0.25-$1 primarily based on month-to-month quantity and particular futures contract |
| Information | Free real-time information (consists of Stage 2 Nasdaq TotalView and OPRA) | $2.99 month-to-month subscription required for Stage 2 and different real-time information |
Does any of this look acquainted? It ought to
Robinhood ā one in every of Webullās closest opponents ā affords related enhanced charges via its Robinhood Gold subscription program.
The mannequin is clearly working for the dealer: In 2024, Robinhood Gold had 2.6 million subscribers, which represented an 86 p.c year-over-year enhance in membership.Ā
The timing couldnāt be higher for brokers like Webull to discover further income streams, significantly when their most important supply of earnings (transaction charges) is impacted when nervous buyers pump the brakes.Ā
After all, in a market the place rock-bottom charges and free buying and selling is the norm, youāve acquired to make a compelling case to get prospects to open their wallets. Letās take a look at how Webull Premium compares to the competitors.Ā
Webull Premium vs. Robinhood GoldĀ
Each Robinhood Gold and Webull Premium supply perks designed to enchantment to high-volume merchants, together with per-contract reductions on index choices and futures and decrease charges on margin loans. Every additionally has a hook for on a regular basis savers ā a boosted IRA match price thatās solely obtainable to paying prospects.Ā
Right hereās how Webull Premium stacks up towards Robinhood Gold on investor-focused providers:Ā
| Webull Premium | Robinhood Gold | |
|---|---|---|
| Subscription value | $3.99 monthly or $40 per yr | $5 monthly or $50 per yr |
| APY on uninvested money | 4.1% | 4.0% |
| IRA match price | 3.5% on new IRA contributions; 3.0% on IRA transfers as much as $500K made by 6/30/2025 |
3.0% on new IRA contributions; 1.0% limitless match on IRA transfersĀ |
| Margin mortgage charges (variable) | 4.65%-5.95% primarily based on mortgage dimension | 0% on first $1,000 borrowed after which 4.7%-5.75% primarily based on mortgage dimension |
| Index choices contracts | Index choices: $0.30-$0.40/contract after first 1,000 contracts/month | Index choices: $0.35/contract (vs. $0.50 with out Gold) |
| Futures contracts | Futures: $0.15-$0.75 primarily based on month-to-month quantity and particular futures contract (Observe: Premium {discount} doesn’t apply to first 5,000 contracts monthly)Ā |
Futures: $0.50/contract (vs. $0.75 with out Gold) |
| Entry to free enhanced information | Free Nasdaq Stage 2 information, OPRA market information | Entry to Nasdaq Stage 2 information and Morningstar analyst experiencesĀ |
Which is the higher deal? It relies on how ā and the way a lot ā you make investments. And likewise what different monetary providers youāre focused on utilizing.
Buying and selling charges
Winner: Webull Premium has an edge for high-volume merchants
Webull Premiumās per-contract reductions are on a sliding scale. Nonetheless, the financial savings donāt kick in till month-to-month contract minimums are met. Decrease-volume merchants could also be higher off with Robinhoodās flat per-contract pricing mannequin with no minimal commerce restrictions.Ā
Margin charges
Winner: Robinhoodās low margin charges donāt require a Gold subscription
Each Gold and non-Gold prospects are eligible for Robinhoodās already-low margin charges (presently 4.70-5.75 p.c). The one distinction is that Gold members pay zero p.c curiosity on the primary $1,000 borrowed.Ā
Webull Premium members qualify for a margin price {discount}, paying 4.65-5.95 p.c (primarily based on the margin mortgage quantity) versus the non-subscriber 8.74 p.c price (no matter mortgage quantity). (Right hereās how margin charges at different brokers stack up.)
Different perks
Winner: Robinhood Gold subscribers get extra advantages general
A part of Robinhood Goldās success is that it repeatedly bundles in new member advantages that make the subscription interesting to a wider vary of customers, not simply lively merchants. Members have entry to the corporateās rewards bank card, entry to increased āinstantaneous depositsā for pending brokerage contributions, a break on charges for the corporateās newly launched portfolio administration service, Robinhood Methods, and extra.Ā
Backside line
Premium membership plans apart, in case youāre on the lookout for a low-cost, low-frills buying and selling platform, Robinhood and Webull are neck-in-neck within the classes we use to price brokers, together with the place they’re missing (no mutual funds, restricted customer support and IRA varieties).
These prepared to pay for enhanced providers will get entry to a wider vary of advantages with Robinhood Gold. That mentioned, Webull Premium is model new, and the corporate says it plans so as to add extra options and advantages over time. With the brokersā service overlap ā each supply automated portfolios (Webullās known as Good Advisor), money administration accounts and occasions buying and selling ā Webull Premium and Robinhood Gold may find yourself wanting so much alike.
Editorial Disclaimer: All buyers are suggested to conduct their very own unbiased analysis into funding methods earlier than investing resolution. As well as, buyers are suggested that previous funding product efficiency is not any assure of future value appreciation.
