Written by StockBrokers.com
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.
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, Webull offers better pricing than Freetrade 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.
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.
When comparing the investment choices available with Freetrade and Webull, UK investors will find several distinctions. Freetrade offers trading in shares and exchange-traded funds (ETFs), which can satisfy those particularly interested in ETF options. Additionally, Freetrade provides the opportunity to trade investment trusts, which Webull does not. On the downside, neither platform offers trading in crypto, spread betting, CFDs, funds, or bonds, narrowing the range of investment products for users preferring more diverse financial instruments.
In terms of overall investment choice, Freetrade receives a solid 4-star rating from UK.StockBrokers.com, standing at 17th place out of 18 brokers, while Webull garners a 3-star rating and lands in 21st place. Despite the limitations in certain areas, Freetrade might appeal to UK investors seeking a platform focused on shares and ETFs, whereas Webull lacks some of these options but remains a viable choice for basic share trading. Neither platform provides advisor services, making them better suited for self-directed investors.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | No |
| Funds | No | No |
| Bonds - Government (Gilts) | No | No |
| Investment Trusts | Yes | No |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | No |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools available on Freetrade and Webull for UK investors, Webull clearly provides more charting features. Webull allows users to display corporate events such as earnings, splits, and dividends directly on their charts, a feature that Freetrade lacks. Additionally, Webull supports 17 drawing tools and 12 technical indicators for charting, enabling detailed analysis and visualization, whereas Freetrade offers none. Moreover, Webull allows traders to add notes to their charts and incorporate stock overlays, adding to its versatility. Both platforms, however, do not provide the option to include index overlays in their charts.
Both Freetrade and Webull offer a browser-based trading platform, ensuring accessible trading for users. Similarly, both platforms provide the ability to create alerts for stock price updates and offer real-time market data, keeping traders informed with the latest market movements. Despite offering these common features, Webull's extensive range of charting tools gives it a significant edge for traders looking for more in-depth analysis capabilities. In contrast, Freetrade maintains a simpler approach with its offerings.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 12 |
| Charting - Drawing Tools | 0 | 17 |
| Charting - Notes | No | Yes |
| Charting - Display Corporate Events | No | Yes |
| Charting - Stock Overlays | No | Yes |
| Charting - Index Overlays | No | No |
For UK investors seeking retirement account options through online brokers, Freetrade and Webull present different offerings. Freetrade caters to UK users by providing Individual Savings Accounts (ISA) and Self-Invested Personal Pension (SIPP) accounts, allowing investors to enjoy tax-efficient benefits for their savings and retirement funds. On the other hand, Webull does not offer ISA or SIPP accounts, which might make it less appealing for those focused on retirement savings in the UK. This distinction emphasizes Freetrade’s tailored approach to meeting the needs of UK investors seeking specific account types to enhance their financial planning and investment strategies.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK investors seeking information about mobile trading apps, both Freetrade and Webull offer convenient solutions available on iPhone and Android devices. Freetrade's app, rated 4 stars by UK.StockBrokers.com, provides a solid trading experience, securing the 12th spot out of 18 brokers in the mobile app rankings. Meanwhile, Webull edges ahead with a slightly higher app rating of 4.5 stars and is ranked 8th, reflecting its enhanced user experience and broader features. Overall, both platforms cater to mobile trading needs effectively, with Webull holding a modest advantage in app preference and functionality according to user reviews and expert evaluations.
Dive deeper: Best Stock Trading Apps UK.
When it comes to educational resources for beginner investors, both Freetrade and Webull offer similar value with a focus on essential topics like share trading and fund investment, but they differ slightly in scope. While neither platform provides live or recorded webinars, Freetrade extends its education to include retirement planning, which Webull does not. According to UK.StockBrokers.com, both brokers receive a middle-ground rating of 3.5 stars for beginner education. However, Freetrade edges ahead in rankings, placing 16th out of 18, compared to Webull's 19th position. This implies that while their educational offerings are comparable in quality, Freetrade might cater slightly better to those investors interested in comprehensive financial planning.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | Yes |
| Education (Funds) | Yes | Yes |
| Education (Retirement) | Yes | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Freetrade and Webull for market research features, each platform has its strengths. Freetrade provides users with detailed research on shares and ETFs, along with the ability to view portfolio allocations by asset class, which can be particularly helpful for individuals looking to diversify their investments. On the other hand, Webull offers research on shares but lacks coverage in the areas of ETFs and portfolio allocation insights, which might limit some users seeking comprehensive investment analysis. Neither Freetrade nor Webull offers research on CFDs, bonds, or funds, making them less suited to those interested in these specific securities.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | No |
| Research - Bonds | No | No |
| Research - Funds | No | No |
| Fund Research - Research Reports | No | No |
| Portfolio Allocation Breakdown | Yes | No |
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
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Webull
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|---|---|---|
| Overall Rating |
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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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0 of 5| Overall Rating | Freetrade | Webull | |
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| Review | Freetrade Review | Webull Review | |
| Winner | check_circle |
| Investments | Freetrade | Webull | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | No | No | |
| Funds | No | No | |
| ETFs | Yes | No | |
| Bonds - Corporate | No | No | |
| Bonds - Government (Gilts) | No | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | No |
| Trading Fees | Freetrade | Webull | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | 0.025% | |
| Share Trading: 10-19 Deals/ Month | £0 | 0.025% | |
| Share Trading: 20+ Deals/ Month | £0 | 0.025% | |
| 5 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | 0.025% of trade value | |
| 12 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | 0.025% of trade value | |
| 36 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | 0.025% of trade value | |
| 120 trades per year (£30k portfolio) | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | 0.025% of trade value | |
| 3 fund trades per year (£30k portfolio) | N/A | N/A | |
| Annual Custody Fee: £0 - £250,000 | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 | |
| Annual Custody Fee: £250K-£500K | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 | |
| Annual Custody Fee: £500,000 - £1m | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 | |
| Annual Custody Fee: £1m and over | £0 (Basic plan), £59.88 (Standard), £119.88 (Plus) | £0 | |
| Bonds - Corporate - Fee | N/A | N/A | |
| Bonds - Government (Gilts) - Fee | N/A | N/A | |
| ETFs - Fee | £0 | N/A | |
| Investment Trusts - Fee | £0 | N/A | |
| Telephone Dealing Fee | N/A | N/A |
| Broker Screenshots | Freetrade | Webull | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
| Platforms & Tools | Freetrade | Webull | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 0 | 12 | |
| Charting - Drawing Tools | 0 | 17 | |
| Charting - Notes | No | Yes | |
| Charting - Display Corporate Events | No | Yes | |
| Charting - Stock Overlays | No | Yes | |
| Charting - Index Overlays | No | No |
| Research | Freetrade | Webull | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | No | No | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | No | No | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Freetrade | Webull | |
|---|---|---|---|
| Education (Share Trading) | Yes | Yes | |
| Education (Funds) | Yes | Yes | |
| Education (Retirement) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Freetrade | Webull | |
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| Review | Freetrade Review | Webull Review | |
| Winner | check_circle |
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