Webull vs Robinhood vs M1: Which One is the Best?

Are you looking for ways to up your investing? Do you want to get into the stock market game to make your money work for you? If so, then you’ve probably heard of Webull, Robinhood, and M1 in conversations.

Webull vs Robinhood

Chances are, your friends or mentors have pointed you towards Webull vs Robinhood in the past. So which one is better for what you’re trying to accomplish? How can you be sure that you’ve selected the right one to invest your money in?

See below for an in-depth guide highlighting the pros and cons of Webull vs Robinhood vs M1 Finance. Use this information in your decision.


The Robinhood app gives you the keys to it all. You have access to trade in stocks, cryptocurrency, and whatever else your heart desires. However, experts caution novice investors from using it without much direction

That said, it can be a very functional and enjoyable app to use if you play it right. See below for the pros and cons of each.

Pros: Commission-Free Trading and Access to Crypto Trading

As the name of the app might imply, the Robinhood app is all about bringing access to the stock trading world to the fingertips of regular investors everywhere.

Generally, when that happens, you can expect to pay some hefty fees. Robinhood takes their namesake one step further by putting a feather in your cap and requiring no commissions on your transactions. 

One of the other ways that Robinhood separates itself is by offering crypto trading, something that no other traditional brokerage offers. The layout is simple and easy to use, not requiring you to have investor experience to start investing.

It also offers a stock for free whenever you’re directed to use the app by a current Robinhood user. This could be anything from stock in Prospect Capital to stock in Apple.

Con: Lack of Direction

Robinhood’s most common use is beginner investors. These investors (which might include yourself) have very little to no prior investing experience, which can actually make the app somewhat risky to use.

Due to Robinhood’s easy-to-use interface and lack of direction, beginners could get themselves in some harmful situations if they go in with a “shop-and-drop” attitude. 

Without understanding how to indicate positive investing trends and how to properly research before making investments, Robinhood does lack something to be desired in that area. Fortunately, with proper financial direction, you could benefit highly from this app!


Perhaps you have some prior investing experience and are looking for an investing app that offers all of the tools you need. If so, the Webull is the app for you.

See below for some of the pros and cons of Webull. At times, it and Robinhood offer a stark contrast to one another.

Pro: Free Trading and Simulated Trading

Where Robinhood tends to cater to beginner investors and offering them access to as many forms of investing as possible, Webull focuses on the experienced investor.

Like Robinhood, it offers commission-free trading to its users. It’s the only investing platform that offers simulated trading to its users, allowing you to refine your craft before you start using real dollars.

Many experienced traders enjoy using Webull over the other two. However, if you’re a beginner then you can still capitalize on the paper trading (simulated trading) tool before you invest in any other app of your choosing.

Con: Somewhat Overwhelming Platform

Webull’s platform and overall layout will take some getting used to. Unlike Robinhood, they aren’t considering the beginner and average investor in the way they’ve designed their apps.

This can be good and bad. It encourages users of any experience level to simulate their trading and refine their craft. However, it also limits the usability of intermediate users at times.

If you’re willing to commit yourself to the app and all of its features, then you should learn to use Webull with no issues. There are also tutorials you can use if you’re dead-set on using Webull instead of another app.


Last, but certainly not least, we have M1 Finance. Unlike Robinhood and Webull, M1 doesn’t lean to one side or the other on the passive investing and active investing tree. Instead, it encourages a bit of both.

In fact, the app offers awesome features such as robo advisors to help point you in the right direction and keep you on track. See below for the strengths and weaknesses of this app.

Pros: Blend of Investing and Education 

M1’s focus is to give you a free trading platform while educating you on which route to take with your investments.

For example, it offers a pie investing tool aimed to help you diversify your investments rather than invest too much stock in one particular company. It likes to point its users to ETFs and Index Funds to help keep things manageable.

However, it certainly doesn’t deter you from active investing. You’ll be able to dive into individual stocks as you so choose, just like you can with Robinhood and Webull.

Con: Lack of Robo Advisor Features

The free robo advisor feature of M1 comes at a “price”: the robo advisor doesn’t offer you a quick tax-loss harvesting refresher on the app. Most robo advisors typically offer this feature.

It also limits you to one or two daily trading windows (depending on whether you have M1 plus or not), which is something that most app users will find taxing and annoying.

Pick Your Tool: Robinhood, Webull, or M1

Now that you have seen an in-depth guide on Webull vs Robinhood vs M1, it’s time to pick the one that best fits your needs.

If this is an attempt to catch up to your retirement savings contributions, be sure to read this article for 8 ways you can do so.

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The Benefits of a Financial Advisor for Your Investing Future

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