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Freetrade vs Webull 2025

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

In this head to head comparison of Freetrade vs Webull, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Freetrade
4/5 Stars Overall
  • Minimum Deposit: £1
  • ISA: Yes
  • SIPP: Yes
Webull
4/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: No
  • SIPP: No

Fees

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Freetrade offers better pricing than Webull for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

12 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

36 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

120 trades per year - Freetrade would cost £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

3 fund trades per year - Freetrade would cost £1 per year, while Webull would cost £0 per year.

query_stats What type of trader are you?

New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.

Investment Choices

Freetrade and Webull are both online brokers that cater to investors who are interested in buying shares. While both platforms support share trading, they do not currently offer opportunities for crypto trading, spread betting, CFD trading, or the trading of funds, corporate bonds, or government bonds. However, a key difference between the two is that Freetrade provides access to ETF trading and investment trusts, whereas Webull does not support these options. This broader range of investment choices has earned Freetrade a favorable rating of 4 stars from UK.StockBrokers.com, while Webull garners a 3-star rating.

Freetrade stands out with a high #13 ranking among 18 brokers on UK.StockBrokers.com for its investment options, whereas Webull's ranking is not available. Although neither platform offers advisory services, Freetrade's offering extends over more diversified investment products, which may appeal to investors looking for variety. Those considering a platform for share and ETF trading or delving into investment trusts might find Freetrade more accommodating, while Webull's more limited selection focuses solely on shares.

Feature Freetrade logoFreetrade
Webull logoWebull
Share Trading info Yes Yes
CFD Trading info No No
ETFs info Yes No
Funds info No No
Bonds - Government (Gilts) info No No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Investment Choices 4/5 Stars 3/5 Stars

Featured Offers


4.5/5 Stars

Professional’s Gateway to the World’s Markets.

4.5/5 Stars

Low-cost US and UK shares.

Trading Tools

When comparing the trading tools of Freetrade and Webull, Webull stands out with its advanced charting features. Webull's platform allows users to view corporate events like earnings, splits, and dividends directly on charts, while Freetrade lacks this functionality. Additionally, Webull offers a comprehensive suite of charting tools with 17 drawing options and 12 technical indicators available, whereas Freetrade does not provide any drawing tools or technical indicators. For those who need to annotate charts, Webull facilitates note-taking on charts, a feature not available on Freetrade.

Both Freetrade and Webull offer browser-based trading platforms, real-time market data, and the ability to set alerts for stock price updates, ensuring users are well-informed. However, Webull provides the option to add stock overlays to charts, enhancing the analytical experience, while Freetrade does not include this capability. Neither platform currently offers index overlays, but in terms of overall charting and analysis tools, Webull clearly offers a more robust package compared to Freetrade.

Feature Freetrade logoFreetrade
Webull logoWebull
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 0 12
Charting - Drawing Tools info 0 17
Charting - Notes info No Yes
Charting - Display Corporate Events info No Yes info
Charting - Stock Overlays info No Yes info
Charting - Index Overlays info No No

ISAs and SIPPs

When comparing online brokers Freetrade and Webull, one key difference lies in the types of retirement accounts they offer. Freetrade provides both ISA (Individual Savings Account) and SIPP (Self-Invested Personal Pension) options, catering to UK investors who want tax-efficient savings and retirement planning. On the other hand, Webull does not offer ISA or SIPP accounts, which might be a deciding factor for users prioritizing retirement-specific investment vehicles. This distinction makes Freetrade a more suitable choice for investors in the UK looking for flexible and tax-beneficial retirement accounts.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

Freetrade and Webull both offer user-friendly mobile apps compatible with iPhone and Android devices, catering to traders who prefer to manage their investments on the go. According to UK.StockBrokers.com, Freetrade's app receives a solid 4-star rating, ranking it 8th out of 18 brokers, indicating a well-designed and reliable mobile platform. In comparison, Webull's app scores a slightly higher rating of 4.5 stars, demonstrating its enhanced user experience and features, although it does not have a specific ranking among the UK brokers. Both apps provide robust tools and seamless interfaces for investors looking to trade with ease.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

For beginner investors seeking educational resources, both Freetrade and Webull offer strong support with comprehensive guides on share trading and funds. However, Freetrade takes the lead by providing education on retirement, a topic not covered by Webull. Although neither platform offers live or archived webinars, both are rated 3.5 stars by UK.StockBrokers.com for their educational efforts, with Freetrade proudly ranking 9th out of 18 brokers. Despite Webull not having a specific rank, both platforms remain excellent choices for those starting their investing journey.

Feature Freetrade logoFreetrade
Webull logoWebull
Client Webinars info No No
Client Webinars (Archived) info No No
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes No
Education 3.5/5 Stars 3.5/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When exploring market research features, Freetrade and Webull offer distinct advantages. Both platforms support shares research, giving users access to detailed stock information. However, Freetrade extends its research capabilities to ETFs, an option not available on Webull. While neither provides research reports for funds, CFDs, or bonds, Freetrade stands out by allowing users to view portfolio allocation by asset class—a feature missing from Webull. Overall, Freetrade offers a broader range of research tools, particularly for those interested in asset diversification within their portfolio.

Feature Freetrade logoFreetrade
Webull logoWebull
Research - Shares info Yes Yes
Research - CFDs info No No
Research - ETFs info Yes No
Research - Bonds info No No
Research - Funds info No No
Fund Research - Research Reports info No No
Portfolio Allocation Breakdown info Yes No

Freetrade vs Webull Winner

Which broker is better overall, Freetrade or Webull? After collecting more than 900 data points over a 10-week period, we found Freetrade to be a better trading platform overall.

Overall Freetrade is a great platform to help you get to grips with investing. Costs are low, and its user-friendly mobile app offers great investment inspiration. Sophisticated investors, however, may find that other platforms offer a wider range of investment options and tools.

Feature Freetrade logoFreetrade
Webull logoWebull
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3/5 Stars
Mobile App 4/5 Stars 4.5/5 Stars
Website 3/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Freetrade or Webull?

While Freetrade does not offer crypto trading, Webull also lacks cryptocurrency trading features, making both online brokers similar in this aspect for investors seeking traditional stock trading options.

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Compare

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Overall Rating Freetrade Webull
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3/5 Stars
Mobile App 4/5 Stars 4.5/5 Stars
Website 3/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Freetrade Review Webull Review
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Investments Freetrade Webull
ISA info Yes No
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info No No
Funds info No No
ETFs info Yes No
Bonds - Corporate info No No
Bonds - Government (Gilts) info No No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Freetrade Webull
Minimum Deposit info £1 £0
Share Trading: 0-9 Deals/ Month info £0 0.025% info
Share Trading: 10-19 Deals/ Month info £0 0.025% info
Share Trading: 20+ Deals/ Month info £0 0.025%
5 trades per year (£30k portfolio) info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) 0.025% of trade value info
12 trades per year (£30k portfolio) info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) 0.025% of trade value info
36 trades per year (£30k portfolio) info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) 0.025% of trade value info
120 trades per year (£30k portfolio) info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) 0.025% of trade value info
3 fund trades per year (£30k portfolio) info N/A N/A
Annual Custody Fee: £0 - £250,000 info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) £0
Annual Custody Fee: £250K-£500K info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) £0
Annual Custody Fee: £500,000 - £1m info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) £0
Annual Custody Fee: £1m and over info £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) £0
Bonds - Corporate - Fee info N/A N/A
Bonds - Government (Gilts) - Fee info N/A N/A
ETFs - Fee info £0 N/A
Investment Trusts - Fee info £0 N/A
Telephone Dealing Fee info N/A N/A
Broker Screenshots Freetrade Webull
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Freetrade Webull
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 0 12
Charting - Drawing Tools info 0 17
Charting - Notes info No Yes
Charting - Display Corporate Events info No Yes info
Charting - Stock Overlays info No Yes info
Charting - Index Overlays info No No
Research Freetrade Webull
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info No No
Fund Research - Research Reports info No No
Research - ETFs info Yes No
Research - Bonds info No No
Portfolio Allocation Breakdown info Yes No
Education Freetrade Webull
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes No
Client Webinars info No No
Client Webinars (Archived) info No No
Overall Summary Freetrade Webull
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3/5 Stars
Mobile App 4/5 Stars 4.5/5 Stars
Website 3/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Freetrade Review Webull Review
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