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, Webull offers better pricing than Interactive Brokers 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.
For UK investors exploring online brokers, Interactive Brokers and Webull present distinct offerings in terms of investment choices. Interactive Brokers emerges as a versatile platform, providing users with a wide array of options, including share and crypto trading, exchange-traded funds (ETFs), contracts for differences (CFDs), funds, corporate bonds, and gilts. It's no surprise then that it scores an impressive 5 out of 5 stars for investment choices, ranking second overall among 21 brokers, according to UK.StockBrokers.com.
In contrast, Webull caters to a more limited selection of investment choices. While it offers share trading, opportunities to trade in other categories like crypto, ETFs, or bonds are absent. This narrower focus has implications for its ratings, earning it a modest 3 stars in investment choices and placing it last in the rankings by UK.StockBrokers.com. Neither platform provides spread betting or advisor services, allowing investors to weigh their priorities when choosing between these brokers.
| 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 | Yes | 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.
For UK investors looking into trading platforms, both Interactive Brokers and Webull offer charts that display key corporate events such as earnings, splits, and dividends. However, when it comes to enhancing their charting experience, Interactive Brokers clearly stands out with a greater number of drawing tools (80 compared to Webull's 17) and technical indicators (96 compared to 12). Both platforms allow the addition of notes to charts and provide the ability to overlay stocks, but only Interactive Brokers offers index overlays as well.
Accessibility is a common feature as both Interactive Brokers and Webull offer browser-based trading platforms. Users can also set up alerts for stock price updates easily on either platform. A significant difference, however, is that Webull offers real-time market data, a feature Interactive Brokers lacks. This might sway investors who prioritize current market conditions in their trades.
| 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 Interactive Brokers and Webull regarding retirement account options for UK investors, Interactive Brokers takes the lead by offering both ISA and SIPP accounts. Contrary to this, Webull does not provide any ISA or SIPP accounts, potentially limiting its appeal for those aiming to maximize their retirement savings within tax-advantaged structures in the UK. This makes Interactive Brokers a more suitable choice for investors looking to take full advantage of the retirement savings opportunities available. While Interactive Brokers delivers effective solutions for those prioritizing ISAs and SIPPs, Webull’s current offerings do not include these accounts, which may influence the decision for UK residents considering their long-term financial planning.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile app offerings of Interactive Brokers and Webull, both platforms provide apps for iPhone and Android users in the UK. Interactive Brokers stands out with a perfect 5-star rating from UK.StockBrokers.com, ranking it 4th out of 21 brokers assessed for mobile app performance. On the other hand, Webull also offers well-regarded apps, receiving a respectable 4.5-star rating and securing the 8th position in the same ranking. Both platforms ensure accessibility and user-friendliness, but Interactive Brokers takes a slight edge in app ratings and rankings.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors offered by Interactive Brokers and Webull, there are several key differences that UK readers should consider. Interactive Brokers provides extensive educational client webinars, which are also archived for on-demand viewing, while Webull does not offer this service. Both platforms cover essential topics like share trading and funds; however, Interactive Brokers goes further by including education on retirement, which Webull lacks. According to UK.StockBrokers.com, Interactive Brokers receives a commendable 4.5-star rating and ranks 8th out of 21 brokers for beginner education. In contrast, Webull is rated at 3.5 stars and falls lower in the rankings, at 19th place. For those new to investing, Interactive Brokers offers a more comprehensive educational experience than Webull.
| 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.
For UK investors seeking comprehensive market research features, Interactive Brokers outshines Webull significantly. Interactive Brokers provides an extensive range of research reports covering shares, ETFs, funds, CFDs, and bonds. Additionally, it includes the ability to review your portfolio allocation by asset class and offers in-depth research for funds—a feature Webull notably lacks. While Webull does provide shares research, its absence of ETFs, funds, CFDs, and bonds research might be a substantial drawback for those looking for thorough market insights. Thus, for investors prioritizing access to diverse and detailed research, Interactive Brokers proves to be a more compelling choice.
| 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.
| Feature |
Interactive Brokers
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Webull
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|---|---|---|
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Interactive Brokers offers crypto trading, providing a comprehensive platform for diverse investment opportunities, whereas Webull does not offer crypto trading, making it less suitable for investors interested in cryptocurrency options.
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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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