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Freetrade vs Webull 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is Freetrade better than Webull? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Freetrade is better than Webull. 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.

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Compare

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Overall Rating Freetrade Webull
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 3/5 Stars 4/5 Stars
Ease of Use 5/5 Stars 4.5/5 Stars
Education 4.5/5 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 No 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), £71.88 (Standard), £143.88 (Plus) 0.025% of trade value info
12 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) 0.025% of trade value info
36 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) 0.025% of trade value info
120 trades per year (£30k portfolio) info £0 (Basic plan), £71.88 (Standard), £143.88 (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), £71.88 (Standard), £143.88 (Plus) £0
Annual Custody Fee: £250K-£500K info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) £0
Annual Custody Fee: £500,000 - £1m info £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) £0
Annual Custody Fee: £1m and over info £0 (Basic plan), £71.88 (Standard), £143.88 (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 No Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info No 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 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 5/5 Stars
Investment Choices 4/5 Stars 3/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 3/5 Stars 4/5 Stars
Ease of Use 5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Review Freetrade Review Webull Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Freetrade and Webull.

Freetrade vs Webull Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Freetrade vs Webull.

Is Freetrade a good broker?

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.

Is Webull a good broker?

Which broker is less expensive?

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), £71.88 (Standard), £143.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

12 trades per year - Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

36 trades per year - Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year, while Webull would cost 0.025% of trade value per year.

120 trades per year - Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (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 my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do Freetrade and Webull compare in terms of minimum deposits required?

Freetrade requires a minimum deposit of £1, while Webull requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 Freetrade charges annual custody fees of £0 (Basic plan), £71.88 (Standard), £143.88 (Plus), while Webull charges annual custody fees of £0.

Which broker offers a wider range of investment options?

Freetrade offers investors access to ISA, SIPP, ETFs and Investment Trusts, while Webull offers investors access to Share Trading. Neither have CFD Trading, Funds, Bonds - Corporate, Bonds - Government (Gilts), Spread Betting, Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Freetrade and Webull offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Freetrade offers traders access to SIPP and ISA accounts, while Webull offers traders access to neither of these accounts.

Do Freetrade and Webull offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Freetrade nor Webull offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Freetrade is better than the website of Webull. Freetrade offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Freetrade and Webull, we tested each broker's stock trading app. All features compared, our analysis finds that Freetrade offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Freetrade and Webull offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Freetrade offers traders access to Education (Share Trading), Education (Funds) and Education (Retirement), while Webull offers access to Education (Share Trading) and Education (Funds). Neither have Client Webinars and Client Webinars (Archived).

Overall winner: Freetrade

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