WeBull and Robinhood Commission Free Trading

Over the past month I've gotten into stock trading on the Robinhood app after learning about it on an episode of The Ben Shapiro Show. The incentive was that you get a random free stock share valued up to $1000 when you sign up. Unfortunately I only got a share of "AK Steel" valued around $4.60 or so. Not a problem, free money is free. So I added $300 from my account and started playing. From the get go I liked the easy to understand interface and the way they also have LIVE tracking of many major Cryptocurrencies. That is something even Coinbase doesn't have yet (they have a pseudo version that updates every 30sec-1min but that can hurt if you are trading small margins). Robin Hood also has a free incentive that if you have anyone else sign up using your link both you and they get a random free stock. I had a friend at work try this out and we both ended up getting a share of Zynga for free. Yet another $5 stock... Not a big deal but disappointing nonetheless.

Overall based on my initial investment of $300 I made $345. So I added another $300 and now I'm up to $743. Pretty good for less than a month playing around stock trading.

Another cool benefit of Robinhood is that it also has free options trading if you want it. Unfortunately, My First test of the options trading didn't quite work out very well. I bought 2 options of Canopy Growth Company (Canadian Marijuana company that's been called the next Amazon of Pot Stocks) for an additional $300. That very next day it was worth $650 but unfortunately I didn't sell it (got greedy) and it dropped. To make matters worse I got left in the dirt last week because Tilray (another pot stock) got some good news and spiked like crazy. I ended up turning my $300 into $20. Oh well. Next time I sell faster.

The one thing that Robinhood isn't as good at is the overall Market Outlook, commodities, or looking at news articles related to the company's. The only news articles that they have are related specifically to larger companies or company's that are in the news they don't have earnings reports for any stocks, and very few have analyst ratings.

This brings me to WeBull.

I was looking into any other apps that would give me free stock for signing up and offered free Trading and WeBull caught my eye. They were offering the same incentive of a free stock for signing up, but this time they were willing to give you one with no potential value cap (AKA you could potentially get a free stock in Amazon or something else that was around the $1500 to $2,000 mark). However my luck was not to be and I received a stock of AmBev worth about $4.19, not great but free.

WeBull is a much more comprehensive app that has stock news, earnings reports for each stock, analyst ratings, Market data, info on regional and Global Markets, etf's, futures, commodities, cryptos, and foreign currencies. The only downside to all of this info is that it's not laid out in nearly as clear away as Robin Hood manages to do and the app is a little bit more complicated to use. I did my same test with WeBull that I did with RobinHood but only started out by putting $200 into it rather than $300. That has turned into $275.35 as of today only two weeks later.

I like the complexity and thoroughness that WeBull offers but I like the ease of use and clarity that Robin Hood has where you can see the overall value of your portfolio which WeBull does not have.

At this point I plan on keeping both of them because it's free to trade on both of them. I believe at this point though my preference is going to be to use WeBull to do research on stocks I'm interested in and Robin Hood to buy and sell them. I think they are both useful and they complement each other very well.

If you guys have any specific questions about either one please feel free to ask.

They are also still doing their sign up incentive that anyone signing up for a free account gets a free stock Valued up to $1000. We both get a random one if you use my Link. Hopefully we both do better than Zenga or AmBev.

Link for Robinhood:
https://share.robinhood.com/stevenp1411

Link for WeBull: https://act.webull.com/i/KgR1SQWpoTne

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WeBull and Robinhood Commission Free Trading