The Best Alternative to the Robinhood App - Buying and Selling Stocks

Note: This is not financial or trading advice. This is simply my opinion.

If you've heard any financial related news in the past 2 weeks, then you're aware of the name Robinhood. Here is a link to give you the background on what happened because I'd rather not recite it!

Robinhood is a broker-dealer allowing users to buy and sell stocks, options, and crypto. They pioneered the movement to zero-commission trades which wound up being followed by every other major brokerage. In recent weeks, they've been in the spotlight and heavily scrutinized by individuals in every tax bracket. Claims of corruption, fraud, and any other item of negativity has plagued them as they try to rebuild their image. Here is a link to explain why they have a bad reputation at the moment. Ironically though, due to the spike in the "meme stocks", Robinhood's download count increased by 1 million in January.

With all of this transpiring, there is a serious movement of users closing their trades on robinhood, withdrawing their funds, and deleting their accounts. If you're one of these users looking for a switch, or if you're simply looking to get started in trading and don't know how to, here is The Best Alternative to Robinhood:

Webull

Webull launched in 2017 and has always lagged behind Robinhood in the "Gen Z Broker" category, but I personally prefer it. Loads of Robinhood customers are flocking there to take advantage of their industry-leading Sign Up Bonus: Get 2 Free Stocks when you open an account and deposit $100. Are you likely to get stocks less than $10 in value? Sure, but it's "free" money either way.

Pros:

• 2 free stocks when you open an account!
• Commission-free trades intraday
• Trade stocks, options, ETFs, and crypto
• Outstanding platform and advanced GUI
• Deeper variety of crypto to trade than Robinhood or other stocks/etf/crypto platforms
• Ability to trade in markets around the world
• Offers a free IRA account
• IPO investing tools

Cons:

• Does not offer fractional shares
• Smaller balance sheet than larger brokers
• If you're a beginner, the data could be overwhelming

App Rating: 10/10

Their app is very intuitive, offers loads of detail but is very user friendly. It's great for day trading too.

Overall Rating: 9/10

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