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.
Your capital is at risk.
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 options available through online brokers Freetrade and Webull, UK investors will find some key differences. Freetrade offers share trading, ETFs, and investment trusts, earning it a 4-star rating for investment choices from UK.StockBrokers.com. However, it does not provide options like crypto trading, spread betting, or trading in bonds and funds. In contrast, Webull also offers basic share trading but lacks many of the diverse investment opportunities that Freetrade provides, resulting in a slightly lower 3-star rating.
For those in the UK seeking a wider array of investment types, Freetrade holds a slight advantage, being ranked 17th out of 21 brokers for investment choices by UK.StockBrokers.com, compared to Webull's position at 21st. While neither platform provides services such as advisor assistance, both offer a straightforward entry into the world of investing. Choosing between them may come down to whether you value the broader investment range offered by Freetrade or are content with the more limited scope of Webull.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | ||
| ETFs | Yes | |
| Funds | ||
| Bonds - Government (Gilts) | ||
| Investment Trusts | Yes | |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | ||
| Investment Choices |
|
|
Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the online trading tools of Freetrade and Webull, UK investors might notice distinct differences. Freetrade, while offering essential features such as a browser-based trading platform, real-time market data, and the ability to create alerts for stock price updates, lacks advanced charting tools. It does not provide drawing tools, technical indicators, or features for displaying corporate events such as earnings and dividends on charts. Additionally, it doesn't support adding notes or overlays to charts, which might limit in-depth analysis for some traders.
In contrast, Webull presents a richer suite of charting capabilities that could cater to a more tech-savvy investor. It offers 17 drawing tools and 12 technical indicators, along with the ability to display corporate events on charts. Webull also allows users to add notes and stock overlays, although it does not support index overlays. Like Freetrade, Webull also features a browser-based platform and provides real-time market data, as well as stock price alerts, making it a comprehensive choice for those looking for more detailed analytical tools in their trading experience.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 12 |
| Charting - Drawing Tools | 0 | 17 |
| Charting - Notes | Yes | |
| Charting - Display Corporate Events | Yes | |
| Charting - Stock Overlays | Yes | |
| Charting - Index Overlays |
When comparing online brokers Freetrade and Webull, UK investors will find that Freetrade offers more comprehensive retirement account options. Freetrade provides both Individual Savings Accounts (ISA) and Self-Invested Personal Pensions (SIPP), allowing UK investors to save and invest for their future efficiently. On the other hand, Webull does not currently offer these retirement account types, which might limit its appeal to those seeking tax-efficient savings and investment strategies in the UK market.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both Freetrade and Webull provide mobile apps for iPhone and Android users, meeting the needs of modern investors in the UK. UK.StockBrokers.com rates Freetrade's mobile app at four stars, ranking it 12th among 21 brokers, while Webull's app receives a higher rating of 4.5 stars and secures the 8th spot in the rankings. These ratings reflect Webull's slightly better user experience and features, offering a marginally superior mobile trading option compared to Freetrade.
Dive deeper: Best Stock Trading Apps UK.
Freetrade and Webull both provide beginner investors with various educational materials, particularly covering topics like share trading and investment funds, with Freetrade also offering guidance on retirement planning. While neither platform currently offers live or on-demand educational webinars, they have been rated equally at 3.5 stars by UK.StockBrokers.com for their educational resources. When comparing their rankings out of 21 brokers, Freetrade sits at number 16, slightly outperforming Webull, which is ranked at number 19. This comparative analysis should help UK investors make an informed decision about which platform might better suit their educational needs to start their investing journey.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Education (Share Trading) | Yes | Yes |
| Education (Funds) | Yes | Yes |
| Education (Retirement) | Yes | |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When evaluating the market research features of online brokers Freetrade and Webull for UK investors, several distinctions emerge. Freetrade provides insights into portfolio allocation by asset class, along with research options for shares and ETFs, but lacks detailed reports for funds, CFDs, and bonds. In contrast, Webull offers shares research, but it doesn't provide research reports for ETFs, funds, CFDs, or bonds. Investors seeking comprehensive fund analysis might need to consider other platforms, as neither Freetrade nor Webull currently offers this feature.
| Feature |
Freetrade
|
Webull
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | ||
| Research - ETFs | Yes | |
| Research - Bonds | ||
| Research - Funds | ||
| Fund Research - Research Reports | ||
| Portfolio Allocation Breakdown | Yes |
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
|
Webull
|
|---|---|---|
| Overall Rating |
|
|
| Charges & Fees |
|
|
| Investment Choices |
|
|
| Mobile App |
|
|
| Website |
|
|
| Ease of Use |
|
|
| Education |
|
|
While Freetrade does not offer crypto trading, Webull provides users with the ability to trade cryptocurrencies, making it a suitable option for those interested in digital asset investments.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Freetrade | Webull | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Freetrade Review | Webull Review | |
| Winner | check_circle |
| Investments | Freetrade | Webull | |
|---|---|---|---|
| ISA | Yes | ||
| SIPP | Yes | ||
| Share Trading | Yes | Yes | |
| CFD Trading | |||
| Funds | |||
| ETFs | Yes | ||
| Bonds - Corporate | |||
| Bonds - Government (Gilts) | |||
| Investment Trusts | Yes | ||
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services |
| 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) |
| ||
| Mobile Trading Apps Gallery (click to expand) |
| ||
| 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 | Yes | ||
| Charting - Display Corporate Events | Yes | ||
| Charting - Stock Overlays | Yes | ||
| Charting - Index Overlays |
| Research | Freetrade | Webull | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | |||
| Fund Research - Research Reports | |||
| Research - ETFs | Yes | ||
| Research - Bonds | |||
| Portfolio Allocation Breakdown | Yes |
| Education | Freetrade | Webull | |
|---|---|---|---|
| Education (Share Trading) | Yes | Yes | |
| Education (Funds) | Yes | Yes | |
| Education (Retirement) | Yes | ||
| Client Webinars | |||
| Client Webinars (Archived) |
| Overall Summary | Freetrade | Webull | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Freetrade Review | Webull Review | |
| Winner | check_circle |
Trading 212 Review
Interactive Brokers Review
Hargreaves Lansdown Review
XTB Review
IG Group Review
eToro Review
Saxo Review
CMC Invest Review
Freetrade Review
Halifax Review
Vanguard Review