Written by StockBrokers.com
In this head to head comparison of Interactive Brokers 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, Interactive Brokers 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 - Interactive Brokers would cost £15 per year, while Webull would cost 0.025% of trade value per year.
12 trades per year - Interactive Brokers would cost £36 per year, while Webull would cost 0.025% of trade value per year.
36 trades per year - Interactive Brokers would cost £108 per year, while Webull would cost 0.025% of trade value per year.
120 trades per year - Interactive Brokers would cost £360 per year, while Webull would cost 0.025% of trade value per year.
3 fund trades per year - Interactive Brokers would cost £0 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.
Interactive Brokers and Webull both offer a platform for share trading, making it easy for investors to buy and sell stocks online. However, for those interested in diversifying their portfolios, Interactive Brokers stands out by providing a wider array of investment choices. From trading ETFs and CFDs to handling funds, corporate and government bonds, and investment trusts, Interactive Brokers offers a comprehensive range unmatched by Webull. These diverse offerings contribute to Interactive Brokers' impressive 5-star rating for investment choices from UK.StockBrokers.com, ranking it second out of 18 brokers.
In contrast, Webull, although a viable option for those primarily interested in share trading, lacks many of the additional investment opportunities found with Interactive Brokers. Webull does not support crypto or spread betting, similar to Interactive Brokers, but it also falls short in providing trades for ETFs, CFDs, funds, bonds, and trusts. This limitation reflects in its 3-star rating from UK.StockBrokers.com. Both platforms do not offer advisor services, making the choice largely dependent on the range of investment types desired by an individual investor.
| Feature |
Interactive Brokers
|
Webull
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | No |
| Funds | Yes | No |
| Bonds - Government (Gilts) | Yes | No |
| Investment Trusts | Yes | No |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | No |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
Interactive Brokers and Webull both offer comprehensive trading tools, making them popular choices for investors. Both platforms allow users to display corporate events such as earnings, splits, and dividends directly on their charts, and provide the capability to add notes and stock overlays, enhancing the charting experience. However, Interactive Brokers stands out with 80 drawing tools and 96 technical indicators, far exceeding Webull’s 17 drawing tools and 12 technical indicators. Moreover, Interactive Brokers provides the additional feature of index overlays, which is not available with Webull.
Both Interactive Brokers and Webull offer browser-based trading platforms and the ability to set alerts for stock price updates, catering to different trader preferences. While Webull provides real-time market data, Interactive Brokers does not, which might influence preferences for traders requiring constantly updated information. Overall, the choice may boil down to whether users prioritize a more extensive set of chart customization tools, as seen with Interactive Brokers, or favor the real-time market insights available with Webull.
| Feature |
Interactive Brokers
|
Webull
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 96 | 12 |
| Charting - Drawing Tools | 80 | 17 |
| Charting - Notes | Yes | Yes |
| Charting - Display Corporate Events | Yes | Yes |
| Charting - Stock Overlays | Yes | Yes |
| Charting - Index Overlays | Yes | No |
When comparing the online brokers Interactive Brokers and Webull in terms of retirement accounts, it's clear that Interactive Brokers has a broader offering. Interactive Brokers supports both ISA and SIPP accounts, allowing users greater flexibility and options for managing their retirement savings. In contrast, Webull does not offer ISA or SIPP accounts, which could be a limitation for investors looking for these specific retirement account options. Therefore, for individuals seeking diverse retirement account opportunities, Interactive Brokers might be the more suitable choice.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile apps of Interactive Brokers and Webull, both platforms offer user-friendly applications for iPhone and Android devices, ensuring accessibility for mobile trading enthusiasts. Interactive Brokers' app is praised for its robust functionality, earning a perfect 5-star rating from UK.StockBrokers.com and achieving an impressive #2 rank out of 18 brokers for mobile app performance. Meanwhile, Webull's app garners a solid 4.5-star rating, making it a strong contender for traders seeking a comprehensive mobile experience. While Interactive Brokers takes the lead in rankings, both apps offer solid solutions for trading on the go, catering to both experienced investors and newcomers alike.
Dive deeper: Best Stock Trading Apps UK.
When comparing educational resources for beginner investors between Interactive Brokers and Webull, Interactive Brokers stands out with a more comprehensive offering. Interactive Brokers provides educational client webinars, both live and archived for on-demand viewing, whereas Webull does not offer webinars in any capacity. Both platforms offer educational materials on share trading and funds, but Interactive Brokers also covers retirement topics, which Webull does not. According to UK.StockBrokers.com, Interactive Brokers holds a superior rating for beginner education with 4.5 stars, ranking 12th out of 18 brokers, while Webull receives a lower rating of 3.5 stars and is not ranked. Overall, Interactive Brokers presents a richer educational experience for novices in the investment world.
| Feature |
Interactive Brokers
|
Webull
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | 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 the market research features of Interactive Brokers and Webull, there are distinct advantages found with Interactive Brokers. Interactive Brokers provides comprehensive research tools, including reports for funds, ETFs, CFDs, and bonds, along with the ability to evaluate portfolio allocation across different asset classes. In contrast, while Webull matches Interactive Brokers with shares research capabilities, it falls short by not offering research reports for funds, ETFs, CFDs, or bonds, nor does it provide insights into portfolio allocation by asset class. This makes Interactive Brokers a more robust option for investors seeking in-depth market analysis and a broader range of financial insights.
| Feature |
Interactive Brokers
|
Webull
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | No |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | Yes | No |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Interactive Brokers or Webull? After collecting more than 900 data points over a 10-week period, we found Interactive Brokers to be a better trading platform overall.
Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.
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Webull
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When comparing online brokers, Interactive Brokers does not offer crypto trading, whereas Webull does not provide this service either.
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0 of 5| Overall Rating | Interactive Brokers | Webull | |
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| Review | Interactive Brokers Review | Webull Review | |
| Winner | check_circle |
| Investments | Interactive Brokers | Webull | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | No | |
| Funds | Yes | No | |
| ETFs | Yes | No | |
| Bonds - Corporate | Yes | No | |
| Bonds - Government (Gilts) | Yes | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | Yes | No | |
| Advisor Services | No | No |
| Trading Fees | Interactive Brokers | Webull | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £3 | 0.025% | |
| Share Trading: 10-19 Deals/ Month | £3 | 0.025% | |
| Share Trading: 20+ Deals/ Month | £3 | 0.025% | |
| 5 trades per year (£30k portfolio) | £15 | 0.025% of trade value | |
| 12 trades per year (£30k portfolio) | £36 | 0.025% of trade value | |
| 36 trades per year (£30k portfolio) | £108 | 0.025% of trade value | |
| 120 trades per year (£30k portfolio) | £360 | 0.025% of trade value | |
| 3 fund trades per year (£30k portfolio) | £0 / £14.85 | N/A | |
| Annual Custody Fee: £0 - £250,000 | £0 | £0 | |
| Annual Custody Fee: £250K-£500K | £0 | £0 | |
| Annual Custody Fee: £500,000 - £1m | £0 | £0 | |
| Annual Custody Fee: £1m and over | £0 | £0 | |
| Bonds - Corporate - Fee | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) | N/A | |
| Bonds - Government (Gilts) - Fee | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) | N/A | |
| ETFs - Fee | £3 | N/A | |
| Investment Trusts - Fee | N/A | N/A | |
| Telephone Dealing Fee | £25 | N/A |
| Broker Screenshots | Interactive Brokers | 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) |
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| Platforms & Tools | Interactive Brokers | Webull | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 96 | 12 | |
| Charting - Drawing Tools | 80 | 17 | |
| Charting - Notes | Yes | Yes | |
| Charting - Display Corporate Events | Yes | Yes | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | No |
| Research | Interactive Brokers | Webull | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | Yes | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Interactive Brokers | Webull | |
|---|---|---|---|
| Education (Share Trading) | Yes | Yes | |
| Education (Funds) | Yes | Yes | |
| Education (Retirement) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Interactive Brokers | Webull | |
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| Review | Interactive Brokers Review | Webull Review | |
| Winner | check_circle |
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