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Written by Ryan Scribner on March 22, 2024
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Robinhood vs Webull vs TD Ameritrade 2024: Which Is Best?

In the ever-evolving landscape of online brokerages, investors are spoiled for choice.

Three major players in this space are Robinhood, Webull, and TD Ameritrade.

Each platform offers its own set of features, benefits, and drawbacks, catering to different types of investors with varying needs and preferences.

Let’s take a closer look at what sets them apart.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo7 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More


Robinhood stands out with its introduction of Individual Retirement Accounts (IRAs) featuring a 1-3% match on contributions. This unique offering provides an attractive incentive for long-term investors.

As a discount broker, Robinhood boasts some of the lowest costs in the industry, particularly excelling in options trading with no contract fees. There are no commissions for trading stocks and ETFs.

Robinhood remains one of the few platforms allowing free cryptocurrency trading, appealing to investors seeking diversified portfolios.

In addition, with its 24 Hour Market feature, Robinhood empowers users to place limit orders throughout extended trading hours, enhancing flexibility.

You can read our full guide about how Robinhood works here!

Where Robinhood Falls Short

  • The absence of mutual funds and bonds may hinder investors aiming for diversified portfolios, although bond ETFs are available.
  • In addition, while improvements have been made, Robinhood still lags behind competitors in terms of customer service quality and reliability.
  • Lastly, Robinhood has faced criticism for outages and trade restrictions during market volatility, raising concerns about platform stability.


Similar to Robinhood, Webull offers free stock and options trades as well as crypto trading within the app.

Webull’s platform caters to both novice and experienced traders, providing advanced charting, technical indicators, and customization options.

In addition to traditional assets, Webull recently expanded its offerings to include commodities and futures trading, appealing to a broader range of investors.

New to Webull? Check out my full tutorial below!

Where Webull Falls Short

  • Despite its robust trading tools, Webull falls short in providing comprehensive research and data resources when compared to TD Ameritrade.
  • Investors seeking the diversification benefits of mutual funds will need to look elsewhere, as Webull does not offer this asset class.

TD Ameritrade

TD Ameritrade Logo

TD Ameritrade stands out for its vast array of educational materials, catering to investors of all levels and helping them build market knowledge.

With a focus on innovation, TD Ameritrade offers a comprehensive suite of trading tools and resources, empowering investors to execute their preferred investment strategies.

Whether using the TD Ameritrade website or the thinkorswim platform, investors benefit from well-designed interfaces and seamless functionality.

Renowned for its top-notch customer service, TD Ameritrade ensures investors receive prompt assistance and reliable support.

Where TD Ameritrade Falls Short

  • Unlike some competitors, TD Ameritrade does not offer fractional share trading, limiting accessibility for investors with smaller portfolios.
  • While indirect exposure to cryptocurrencies is available, investors looking for direct crypto trading options will need to explore alternative platforms.
  • As TD Ameritrade undergoes integration with Charles Schwab, investors face uncertainty regarding potential changes to the platform and services.
Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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Get 1 Free Stock Worth Up To $200 From Robinhood!

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Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

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