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Nowadays you don’t must pay a penny in commissions to commerce shares or ETFs or fork over a dime to entry funding analysis and portfolio administration instruments. It’s the perks that’ll value you additional.
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 here’s how the brand new Webull Premium service compares to its free providing:
| Webull Premium | Webull Normal | |
|---|---|---|
| APY on uninvested money* | 4.1% | 0.5% if account steadiness is lower than $25,000; 2.86% if account steadiness is $25,000 or larger |
| 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% based mostly on mortgage measurement | 8.74% on all quantities |
| Index (non-equity) contracts | $0.10 {discount} based mostly 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 contract | $0.50 per contract |
| Futures contracts | $0.15-$0.75 based mostly on month-to-month buying and selling quantity and particular futures contract (Notice: Premium {discount} doesn’t apply to first 5,000 contracts monthly) | $0.25-$1 based mostly on month-to-month quantity and particular futures contract |
| Knowledge | Free real-time information (consists of Degree 2 Nasdaq TotalView and OPRA) | $2.99 month-to-month subscription required for Degree 2 and different real-time information |
Does any of this look acquainted? It ought to
Robinhood — considered one of Webull’s closest rivals — provides comparable 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 % year-over-year enhance in membership.
The timing couldn’t be higher for brokers like Webull to discover extra income streams, notably when their predominant supply of revenue (transaction charges) is impacted when nervous traders pump the brakes.
In fact, in a market the place rock-bottom charges and free buying and selling is the norm, you’ve obtained to make a compelling case to get prospects to open their wallets. Let’s have a look at how Webull Premium compares to the competitors.
Webull Premium vs. Robinhood Gold
Each Robinhood Gold and Webull Premium provide 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 — a boosted IRA match price that’s solely accessible to paying prospects.
Right here’s how Webull Premium stacks up towards Robinhood Gold on investor-focused companies:
| Webull Premium | Robinhood Gold | |
|---|---|---|
| Subscription value | $3.99 monthly or $40 per 12 months | $5 monthly or $50 per 12 months |
| 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 transfers |
| Margin mortgage charges (variable) | 4.65%-5.95% based mostly on mortgage measurement | 0% on first $1,000 borrowed after which 4.7%-5.75% based mostly on mortgage measurement |
| 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 based mostly on month-to-month quantity and particular futures contract (Notice: Premium {discount} doesn’t apply to first 5,000 contracts monthly) | Futures: $0.50/contract (vs. $0.75 with out Gold) |
| Entry to free enhanced information | Free Nasdaq Degree 2 information, OPRA market information | Entry to Nasdaq Degree 2 information and Morningstar analyst studies |
Which is the higher deal? It relies on how — and the way a lot — you make investments. And likewise what different monetary companies you’re enthusiastic about utilizing.
Buying and selling charges
Winner: Webull Premium has an edge for high-volume merchants
Webull Premium’s per-contract reductions are on a sliding scale. Nevertheless, the financial savings don’t kick in till month-to-month contract minimums are met. Decrease-volume merchants could also be higher off with Robinhood’s flat per-contract pricing mannequin with no minimal commerce restrictions.
Margin charges
Winner: Robinhood’s low margin charges don’t require a Gold subscription
Each Gold and non-Gold prospects are eligible for Robinhood’s already-low margin charges (at the moment 4.70-5.75 %). The one distinction is that Gold members pay zero % curiosity on the primary $1,000 borrowed.
Webull Premium members qualify for a margin price {discount}, paying 4.65-5.95 % (based mostly on the margin mortgage quantity) versus the non-subscriber 8.74 % price (no matter mortgage quantity). (Right here’s how margin charges at different brokers stack up.)
Different perks
Winner: Robinhood Gold subscribers get extra advantages general
A part of Robinhood Gold’s success is that it constantly 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 corporate’s rewards bank card, entry to larger “on the spot deposits” for pending brokerage contributions, a break on charges for the corporate’s newly launched portfolio administration service, Robinhood Methods, and extra.
Backside line
Premium membership plans apart, in the event you’re searching 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 sorts).
These prepared to pay for enhanced companies 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 brokers’ service overlap — each provide automated portfolios (Webull’s known as Sensible Advisor), money administration accounts and occasions buying and selling — Webull Premium and Robinhood Gold may find yourself trying quite a bit alike.
Editorial Disclaimer: All traders are suggested to conduct their very own unbiased analysis into funding methods earlier than investing determination. As well as, traders are suggested that previous funding product efficiency isn’t any assure of future value appreciation.
