Webull and Public are two relatively new investing apps that you may have already started hearing about, and today we are going to compare the two of them and see which investing app offers more to investors.
Which investing app is better, Webull or Public?
As common in the fintech industry, both of these apps serve different purposes, so each one may be appealing to you depending on your situation and needs.
Webull is much better suited for people who want to day-trade and do technical analysis, while Public is more of a casual feeling investing app.
Where Public has an advantage over Webull, is the ability to purchase fractional shares, instead of having to purchase full shares of expensive stocks, like you have to do with Webull.
Public also has a really friendly community, which you can interact with in the app. It acts pretty much like a social media platform where you can talk about different investments and see other people’s trades.
One really neat way Public has set itself apart from competitors is by stopping the practice of getting paid for order flow, which is basically where a market maker or clearing firm will pay a brokerage to send orders to them instead of other firms.
Usually how that would work out is the higher cost firms could pay more for order flow, so there was a built-in conflict of interest there, but Public decided to attempt to go with the lowest cost firms, which is beneficial for the investor.
Instead of getting paid for order flow, Public just added a “tipping” feature so investors can choose to support the cause, if they want.
Hopefully this forces other brokerages to do the same, because paying for order flow is pretty sketchy, in my opinion.
Webull vs Public: Services and features
We’ve prepared a pretty table for you that shows a comparison of the different services and features that both Webull and Public have to offer.
|Webull Features||Free Account||Premium Account||Public Features||Free Account||Premium Account|
|Monthly Fee||$0||N/A||Monthly Fee||$0||N/A|
|Minimum Balance||$0 or $100 for deposit bonus||N/A||Minimum Balance||$0||N/A|
|Instant Deposits||Partial||N/A||Instant Deposits||N/A|
|Automatic Deposits||N/A||Automatic Deposits||N/A|
|Fractional Shares||N/A||Fractional Shares||N/A|
|Mutual Funds||N/A||Mutual Funds||N/A|
|Paper Trading||N/A||Paper Trading||N/A|
|Margin Accounts||N/A||Margin Accounts||N/A|
|Retirement Accounts||N/A||Retirement Accounts||N/A|
|Banking Services||N/A||Banking Services||N/A|
|Human Advisors||N/A||Human Advisors||N/A|
|Robo Advisors||N/A||Robo Advisors||N/A|
|Stock Screeners||N/A||Stock Screeners||N/A|
|Level 2 Market Data||Level 2 Market Data||N/A|
|Other||Stock lending income program||N/A||Other||N/A|
Which investment app has the best services and features?
Honestly, Public feels really clean and modern, and fractional shares are always welcome, but the app just feels too limited compared to Webull.
People want access to features, and there are better apps, like Acorns, if you want your investing to be fully passive.
If Public started offering more investment options and features, I’m pretty sure people would start taking them more seriously, but for now, Webull simply has more features to offer investors.
Which investing app is easiest to use, Webull or Public?
Public is a really simple and easy to use investing app, which makes sense considering it’s lack of features.
I don’t feel like investors need much more from an investing app than Public provides, but I could see how some people would prefer having a slightly harder to us app that has more features.
Which investment app is easiest to use?
Personally, anything with fractional shares feels easier to use by default than any investing app that doesn’t offer them, so Public wins this category for me.
Webull is still easy to use, however dealing in full shares is annoying and hopefully that archaic practice will be gone soon.
Webull and Public sign-up and referral bonuses
I like free money, so signing up for investing apps and getting free bonuses is always fun for me. I’m not sure why I like it so much…
Anyway, if you want your fair share of referral rewards and bonuses, then this section is for you!
Webull sign-up and referral bonuses
Webull is the investing app of choice if sign-up bonuses and referral rewards are what you’re interested in.
They have one of the best, if not the best, referral programs around, awarding users 2 stocks worth $10+ for referring new users who deposit $100 or more.
They also have the Webull Influencer Program for people who refer a lot of people, which offers more flexible reward structures for referring new users.
Overall, Webull is really top-notch when it comes to their free bonuses and user acquisition.
Public sign-up and referral bonuses
Public’s sign-up and referral program isn’t bad either, it’s just not quite as good as Webull’s, but there’s no shame in that.
Public will reward people with $7 in a stock when they sign up or refer a new user, so it’s a fairly straight forward reward system.
Best sign-up and referral program?
Webull wins the referral bonus battle, like usual…
They did a good job securing that part of the industry, and I feel bad for the other investing apps who are trying to grow and compete with that acquisition model…
Webull vs Public - best stock research tools
Webull stock research tools
Webull’s other big strength is it’s research tools, which are much more powerful than most investing apps have.
Their app is pretty much a mobile trading platform, so don’t expect many of the other investment apps to be able to compete with Webull’s tools.
Public stock research tools
The public stock research tools are pretty mediocre, especially when you compare them to the professional grade tools of apps like Webull.
I wouldn’t say this is enough to stop me from using their app, but it definitely wouldn’t hurt them to make their tools a little more powerful.
Best stock research tools, Webull or Public?
Webull has amazing tools and definitely deserves to win here.
Public has a long way to go to get anywhere near the level of Webull’s tools, but their app would feel a LOT better with just a little bit of effort put into their research tools.
Which app did you like best?
Are you more of a day-trader and chose to use Webull? How did you like it?
Did public seem like a better choice?
Let us know what you think so we can provide everyone with higher-quality investing app reviews in the future.
Until then, thanks for reading, have a wonderful day!