Written by StockBrokers.com
In this head to head comparison of Webull vs Halifax, 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 Halifax 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 - Webull would cost 0.025% of trade value per year, while Halifax would cost £83.50 per year.
12 trades per year - Webull would cost 0.025% of trade value per year, while Halifax would cost £150 per year.
36 trades per year - Webull would cost 0.025% of trade value per year, while Halifax would cost £378 per year.
120 trades per year - Webull would cost 0.025% of trade value per year, while Halifax would cost £1,176 per year.
3 fund trades per year - Webull would cost £0 per year, while Halifax 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.
For UK investors seeking diverse investment options, Halifax stands out as a top contender, offering share trading alongside access to ETFs, funds, corporate bonds, government bonds, and investment trusts. Supporting their comprehensive suite of investment products, Halifax also provides advisor services, earning them a 5-star rating and a commendable 7th place ranking out of 21 brokers for investment choices by UK.StockBrokers.com.
On the other hand, Webull, though offering share trading, does not provide the same breadth of investment options as Halifax. This limitation is reflected in their lower 3-star rating and being ranked 21st out of 21 brokers for investment choices according to UK.StockBrokers.com. For investors primarily focused on share trading, Webull may suffice, but those seeking a wider variety might find Halifax more accommodating.
| Feature |
Webull
|
Halifax
|
|---|---|---|
| Share Trading | Yes | |
| CFD Trading | ||
| ETFs | Yes | |
| Funds | Yes | |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | Yes | |
| 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 of Webull and Halifax, there are several key differences that a UK reader might find noteworthy. Webull stands out with its ability to display corporate events like earnings, splits, and dividends directly on its charts, which is something Halifax does not offer. Chart enthusiasts might also appreciate Webull's 17 drawing tools and 12 technical indicators— features that Halifax lacks entirely. Additionally, Webull users can add notes and stock overlays to their charts, boosting their chart analysis capabilities further.
Both platforms provide a browser-based trading experience and options to set alerts for stock price updates. However, Webull offers real-time market data, a significant advantage for active traders. While Halifax offers essential tools, Webull appears to provide a wider range of advanced features tailored for in-depth chart analysis and market engagement.
| Feature |
Webull
|
Halifax
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 12 | 0 |
| Charting - Drawing Tools | 17 | 0 |
| Charting - Notes | Yes | |
| Charting - Display Corporate Events | Yes | |
| Charting - Stock Overlays | Yes | |
| Charting - Index Overlays |
When comparing the online brokers Webull and Halifax for UK investors, it's important to consider their offerings for retirement accounts. Halifax caters to UK investors by providing access to both Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), making it a suitable choice for those planning for retirement with tax-efficient savings. On the other hand, Webull does not offer ISA or SIPP accounts, which might be limiting for UK residents looking to invest in specific retirement accounts. Therefore, Halifax may be more appealing for those prioritizing retirement-focused investment options.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK traders seeking efficient mobile trading solutions, both Webull and Halifax offer apps for iPhone and Android devices, making them accessible to a wide range of users. However, when diving deeper into app performance, Webull's mobile app shines brighter with a commendable 4.5-star rating from UK.StockBrokers.com, placing it at a respectable 8th out of 21 brokers. In contrast, Halifax's mobile app earns a 3.5-star rating, ranking it 18th in the same category. This comparison highlights Webull as the more highly-rated option for mobile trading enthusiasts seeking a sleek and reliable experience.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors offered by online brokers Webull and Halifax, both platforms present a few standout features and room for improvement. Webull and Halifax do not offer live educational webinars; thus, users miss out on interactive learning sessions with their peers or experts. Furthermore, neither broker provides on-demand access to past webinars, limiting the flexibility for users to learn at their own pace. However, Webull offers educational content on share trading and funds, helping beginners understand these critical investment areas. Unfortunately for those seeking guidance on retirement planning, neither provider offers dedicated resources in that area. Both brokers receive a 3.5-star rating from UK.StockBrokers.com for their beginner education offerings. In terms of ranking among 21 brokers, Halifax takes the 18th spot, slightly ahead of Webull at 19th. Overall, while both platforms have valuable insights to offer, there's potential for growth in their educational support for newcomers to investing.
| Feature |
Webull
|
Halifax
|
|---|---|---|
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Education (Share Trading) | Yes | |
| Education (Funds) | Yes | |
| Education (Retirement) | ||
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When navigating the world of online trading, it’s helpful to compare the market research features available at Webull and Halifax, particularly for UK investors. Both Webull and Halifax provide research on shares, allowing users to make informed decisions regarding stock investments. However, Halifax stands out by offering additional research on ETFs, Funds, and Bonds, while Webull does not provide these insights. Additionally, neither platform includes research reports for funds, nor do they offer the capability to view portfolio allocation by asset class, which may be a consideration for those seeking detailed financial analysis and planning tools.
| Feature |
Webull
|
Halifax
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | ||
| Research - ETFs | Yes | |
| Research - Bonds | Yes | |
| Research - Funds | Yes | |
| Fund Research - Research Reports | ||
| Portfolio Allocation Breakdown |
Which broker is better overall, Webull or Halifax? After collecting more than 900 data points over a 10-week period, we found Webull to be a better trading platform overall.
| Feature |
Webull
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Halifax
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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Webull offers crypto trading, whereas Halifax does not provide this feature, making Webull a more suitable option for investors interested in cryptocurrency.
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0 of 5| Overall Rating | Webull | Halifax | |
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| Review | Webull Review | Halifax Review | |
| Winner | check_circle |
| Investments | Webull | Halifax | |
|---|---|---|---|
| ISA | Yes | ||
| SIPP | Yes | ||
| Share Trading | Yes | ||
| CFD Trading | |||
| Funds | Yes | ||
| ETFs | Yes | ||
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | ||
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services | Yes |
| Trading Fees | Webull | Halifax | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | 0.025% | £9.50 | |
| Share Trading: 10-19 Deals/ Month | 0.025% | £9.50 | |
| Share Trading: 20+ Deals/ Month | 0.025% | £9.50 | |
| 5 trades per year (£30k portfolio) | 0.025% of trade value | £83.50 | |
| 12 trades per year (£30k portfolio) | 0.025% of trade value | £150 | |
| 36 trades per year (£30k portfolio) | 0.025% of trade value | £378 | |
| 120 trades per year (£30k portfolio) | 0.025% of trade value | £1,176 | |
| 3 fund trades per year (£30k portfolio) | N/A | £64.50 | |
| Annual Custody Fee: £0 - £250,000 | £0 | £36 | |
| Annual Custody Fee: £250K-£500K | £0 | £36 | |
| Annual Custody Fee: £500,000 - £1m | £0 | £36 | |
| Annual Custody Fee: £1m and over | £0 | £36 | |
| Bonds - Corporate - Fee | N/A | £9.5 | |
| Bonds - Government (Gilts) - Fee | N/A | £9.5 | |
| ETFs - Fee | N/A | £9.5 | |
| Investment Trusts - Fee | N/A | £9.5 | |
| Telephone Dealing Fee | N/A | £25 |
| Broker Screenshots | Webull | Halifax | |
|---|---|---|---|
| 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) |
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| Platforms & Tools | Webull | Halifax | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 12 | 0 | |
| Charting - Drawing Tools | 17 | 0 | |
| Charting - Notes | Yes | ||
| Charting - Display Corporate Events | Yes | ||
| Charting - Stock Overlays | Yes | ||
| Charting - Index Overlays |
| Research | Webull | Halifax | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | Yes | ||
| Fund Research - Research Reports | |||
| Research - ETFs | Yes | ||
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown |
| Education | Webull | Halifax | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | Yes | ||
| Education (Retirement) | |||
| Client Webinars | |||
| Client Webinars (Archived) |
| Overall Summary | Webull | Halifax | |
|---|---|---|---|
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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| Review | Webull Review | Halifax Review | |
| Winner | check_circle |
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