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Hargreaves Lansdown vs Webull 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

In this head to head comparison of Hargreaves Lansdown vs Webull, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Hargreaves Lansdown
4.5/5 Stars Overall
  • Minimum Deposit: £1
  • ISA: Yes
  • SIPP: Yes
Webull
4/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: No
  • SIPP: No

Fees

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, Hargreaves Lansdown 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 - Hargreaves Lansdown would cost £59.75 / £104.75 if in ISA. per year, while Webull would cost 0.025% of trade value per year.

12 trades per year - Hargreaves Lansdown would cost £143.40 / £188.40 if in ISA. per year, while Webull would cost 0.025% of trade value per year.

36 trades per year - Hargreaves Lansdown would cost £430.20 / £475.20 if in ISA. per year, while Webull would cost 0.025% of trade value per year.

120 trades per year - Hargreaves Lansdown would cost £1,074 / £1,119 if in ISA. per year, while Webull would cost 0.025% of trade value per year.

3 fund trades per year - Hargreaves Lansdown 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 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.

Investment Choices

Hargreaves Lansdown and Webull are both popular online brokers, but they differ significantly in their investment offerings. Hargreaves Lansdown provides a rich array of choices, including share and ETF trading, as well as opportunities in funds, corporate bonds, government bonds, and investment trusts. They even offer advisory services, making it a comprehensive choice for investors. In contrast, Webull focuses primarily on share trading, as it doesn’t support the trading of ETFs, funds, bonds, or investment trusts, nor do they offer advisory services.

Rated five stars by UK.StockBrokers.com for its robust investment options, Hargreaves Lansdown holds a prestigious #4 among 18 brokers for investment choices. On the other hand, Webull received a modest three-star rating, not ranking among the top brokers for investment diversity. Whether you’re a beginner or an experienced investor, the choice between Hargreaves Lansdown and Webull will ultimately depend on your specific investment needs and preferences.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Webull logoWebull
Share Trading info Yes Yes
CFD Trading info No No
ETFs info Yes No
Funds info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes No
Investment Choices 5/5 Stars 3/5 Stars

Featured Offers


4.5/5 Stars

Professional’s Gateway to the World’s Markets.

4.5/5 Stars

Low-cost US and UK shares.

Trading Tools

When comparing the trading tools of Hargreaves Lansdown and Webull, both brokers provide a comprehensive set of features designed for effective market analysis. They each allow users to display corporate events like earnings, splits, and dividends on their charts. However, Hargreaves Lansdown offers more technical indicators with 15 options, while Webull leads with more drawing tools, offering 17 compared to Hargreaves Lansdown's 11. Moreover, Webull provides the additional functionality of adding notes to charts, which is absent in Hargreaves Lansdown's toolkit.

Hargreaves Lansdown shines with its ability to overlay both index and stock data on charts, whereas Webull supports only stock overlays. Both platforms support trading through a browser-based platform and offer real-time market data alongside the ability to set alerts for stock price updates. These features make each platform robust, catering to different aspects of investor needs, with Webull providing more drawing customizability and Hargreaves Lansdown offering comprehensive overlay options.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Webull logoWebull
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 15 12
Charting - Drawing Tools info 11 17
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes Yes info
Charting - Stock Overlays info Yes Yes info
Charting - Index Overlays info Yes No

ISAs and SIPPs

When comparing online brokers Hargreaves Lansdown and Webull, those interested in retirement accounts will find distinct differences. Hargreaves Lansdown provides Individual Savings Accounts (ISAs) and Self-Invested Personal Pension (SIPP) accounts, offering flexibility and tax advantages for UK investors planning their retirement. In contrast, Webull does not offer ISAs or SIPP accounts, making it less suitable for UK individuals specifically looking for these retirement planning options. Therefore, for UK investors seeking comprehensive retirement account solutions, Hargreaves Lansdown emerges as the preferred choice due to its inclusive offerings.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

Hargreaves Lansdown and Webull both offer user-friendly mobile apps for iPhone and Android devices, making it easy for investors to manage their portfolios on the go. According to UK.StockBrokers.com, both brokers are awarded an impressive 4.5 out of 5 stars for their mobile app experience. Hargreaves Lansdown stands out by ranking 4th out of 18 brokers reviewed, making it a top choice for mobile investing in the UK. While Webull also provides a highly-rated app, it hasn’t been ranked by UK.StockBrokers.com in this category, leaving its comparative market position a bit unclear.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

When comparing beginner investor educational resources between Hargreaves Lansdown and Webull, Hargreaves Lansdown stands out with a more comprehensive offering. It provides educational webinars, although these aren't available on demand, and covers essential topics such as share trading, funds, and retirement education. In contrast, Webull also offers educational resources for share trading and funds but lacks content on retirement and does not provide client webinars. Hargreaves Lansdown's superior service is reflected in a 5-star rating by UK.StockBrokers.com, securing a strong #4 ranking out of 18 brokers. Meanwhile, Webull holds a lower rating of 3.5 stars and no specific ranking. This makes Hargreaves Lansdown a more attractive choice for new investors seeking thorough educational support.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Webull logoWebull
Client Webinars info Yes No
Client Webinars (Archived) info No No
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes No
Education 5/5 Stars 3.5/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When comparing the market research features of Hargreaves Lansdown and Webull, Hargreaves Lansdown provides a more comprehensive suite of tools for investors. Unlike Webull, it offers in-depth research reports for funds and allows users to view portfolio allocations by asset class. Both platforms offer shares research, but Hargreaves Lansdown goes further with research on ETFs, funds, and bonds, which Webull does not provide. Neither platform offers CFDs research. For investors seeking detailed research and portfolio insights, Hargreaves Lansdown offers a more robust service than Webull.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Webull logoWebull
Research - Shares info Yes Yes
Research - CFDs info No No
Research - ETFs info Yes No
Research - Bonds info Yes No
Research - Funds info Yes No
Fund Research - Research Reports info Yes No
Portfolio Allocation Breakdown info Yes No

Hargreaves Lansdown vs Webull Winner

Which broker is better overall, Hargreaves Lansdown or Webull? After collecting more than 900 data points over a 10-week period, we found Hargreaves Lansdown to be a better trading platform overall.

As the U.K.’s biggest investment platform for individual investors, Hargreaves Lansdown offers a wide range of investment choices for either beginners or seasoned investors. However, its fees are generally more expensive than rival brokers, which can become an issue for large investment pots.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Webull logoWebull
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 3/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Hargreaves Lansdown or Webull?

When comparing the online brokers Hargreaves Lansdown and Webull, it's important to note that while both platforms offer a range of investment options, neither provides the ability to trade cryptocurrencies, highlighting a key limitation for users interested in digital asset trading.

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Compare

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Overall Rating Hargreaves Lansdown Webull
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 3/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Webull Review
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Investments Hargreaves Lansdown Webull
ISA info Yes No
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes No
ETFs info Yes No
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes No
Trading Fees Hargreaves Lansdown Webull
Minimum Deposit info £1 £0
Share Trading: 0-9 Deals/ Month info £11.95 0.025% info
Share Trading: 10-19 Deals/ Month info £8.95 0.025% info
Share Trading: 20+ Deals/ Month info £5.95 0.025%
5 trades per year (£30k portfolio) info £59.75 / £104.75 if in ISA. 0.025% of trade value info
12 trades per year (£30k portfolio) info £143.40 / £188.40 if in ISA. 0.025% of trade value info
36 trades per year (£30k portfolio) info £430.20 / £475.20 if in ISA. 0.025% of trade value info
120 trades per year (£30k portfolio) info £1,074 / £1,119 if in ISA. 0.025% of trade value info
3 fund trades per year (£30k portfolio) info £135 N/A
Annual Custody Fee: £0 - £250,000 info Up to £1,125 £0
Annual Custody Fee: £250K-£500K info Up to £625 £0
Annual Custody Fee: £500,000 - £1m info Up to £1,250 £0
Annual Custody Fee: £1m and over info Up to £1,000 £0
Bonds - Corporate - Fee info £20 - £50 N/A
Bonds - Government (Gilts) - Fee info £20 - £50 N/A
ETFs - Fee info £5.95 - £11.95 N/A
Investment Trusts - Fee info £5.95 - £11.95 N/A
Telephone Dealing Fee info £20 - £50 info N/A
Broker Screenshots Hargreaves Lansdown Webull
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Hargreaves Lansdown Webull
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 15 12
Charting - Drawing Tools info 11 17
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes Yes info
Charting - Stock Overlays info Yes Yes info
Charting - Index Overlays info Yes No
Research Hargreaves Lansdown Webull
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes No
Fund Research - Research Reports info Yes No
Research - ETFs info Yes No
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes No
Education Hargreaves Lansdown Webull
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info No No
Overall Summary Hargreaves Lansdown Webull
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 3/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Webull Review
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