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 it comes to choosing an online broker in the UK, Freetrade and Webull both offer basic share trading options but differ in their range of investment choices. Freetrade allows its users to trade shares, ETFs, and investment trusts, while Webull keeps it simple with share trading only. Neither platform supports crypto, CFD trading, nor offers spread betting, funds trading, or bond trading. In terms of additional services, both platforms do not offer advisor services, making them more suited for self-directed investors.
Based on UK.StockBrokers.com's ratings, Freetrade edges ahead with a 4-star rating compared to Webull's 3-star rating for investment choices. This distinction is reflected in their rankings; Freetrade holds the 17th spot out of 21 brokers for investment choices, while Webull sits at the 21st position. For UK investors seeking a slightly broader range of asset types, Freetrade may be the preferred choice, especially if ETFs and investment trusts are of interest. However, if you're looking for a straightforward platform for share trading, both brokers can effectively meet those needs.
| 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.
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.
When comparing the beginner investor educational resources of Freetrade and Webull, neither platform offers webinars, live or archived, for client education. However, both provide educational content on share trading and funds, with Freetrade extending its resources to include retirement education, unlike Webull. In terms of beginner education ratings by UK.StockBrokers.com, both platforms receive 3.5 stars. Among 21 brokers evaluated, Freetrade ranks slightly higher at 16th place, while Webull comes in at 19th. These insights highlight that both platforms deliver comparable educational content for beginners, with Freetrade offering a slight edge in ranking and retirement education.
| 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
|
Webull
|
|---|---|---|
| Overall Rating |
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| Mobile App |
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| Website |
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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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