Written by StockBrokers.com
In this head to head comparison of Lloyds Bank 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 Lloyds Bank 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 - Lloyds Bank would cost £95 per year, while Webull would cost 0.025% of trade value per year.
12 trades per year - Lloyds Bank would cost £40 - £172 per year, while Webull would cost 0.025% of trade value per year.
36 trades per year - Lloyds Bank would cost £40 - £328 per year, while Webull would cost 0.025% of trade value per year.
120 trades per year - Lloyds Bank would cost £40 / £1,000 per year, while Webull would cost 0.025% of trade value per year.
3 fund trades per year - Lloyds Bank 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.
Lloyds Bank and Webull both facilitate share trading, offering investors a platform for buying and selling stocks. However, when it comes to the variety of investment choices, Lloyds Bank has a more comprehensive offering compared to Webull. Lloyds Bank supports trading in exchange-traded funds (ETFs), funds, corporate bonds, government bonds (gilts), and investment trusts, providing a wider array of options for traditional investors. Additionally, Lloyds Bank also offers advisor services, which can be beneficial for those seeking guidance on their investment decisions. On the downside, neither broker supports cryptocurrency trading or spread betting, and both lack offerings in Contracts for Difference (CFD) trading.
In terms of ratings, Lloyds Bank is highly favored by UK.StockBrokers.com for its investment choices, securing a 5-star rating and ranking 8th out of 18 brokers. In contrast, Webull has a more limited investment selection, receiving a 3-star rating and ranking 21st. Overall, Lloyds Bank might be the better choice for those looking to diversify their portfolio across various traditional investment vehicles while having the option for professional advisory support.
| Feature |
Lloyds Bank
|
Webull
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | 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 | Yes | No |
| Investment Choices |
|
|
Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When it comes to trading tools, Webull offers a more comprehensive suite compared to Lloyds Bank. Webull sets itself apart by providing features like displaying corporate events such as earnings, splits, and dividends directly on charts. In contrast, Lloyds Bank lacks this capability. Additionally, Webull users can access 17 drawing tools and 12 technical indicators, enhancing their charting experience, whereas Lloyds Bank does not offer any drawing tools or technical indicators. Both platforms offer browser-based trading and the ability to create alerts for stock price updates, but Webull alone provides real-time market data and the ability to add notes and stock overlays to charts.
In terms of advanced charting features, Webull again takes the lead by allowing users to add stock overlays and supplementary notes, which can be crucial for in-depth analysis and strategy planning. While Lloyds Bank and Webull both provide browser-based trading platforms, the latter delivers a richer experience with real-time data that can be pivotal for active traders. Ultimately, Webull's array of charting tools and data facilities make it the more versatile option for traders who rely on detailed market insights and customization in their trading activities.
| Feature |
Lloyds Bank
|
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 |
When comparing the retirement account offerings of Lloyds Bank and Webull, it's important to note the distinct differences between these two online brokers. Lloyds Bank provides both ISA (Individual Savings Account) and SIPP (Self-Invested Personal Pension) accounts, making it a versatile choice for those looking to manage retirement savings with these specific types of accounts. On the other hand, Webull does not offer ISA or SIPP accounts, which may limit options for UK-based investors seeking these tax-advantaged retirement solutions. Individuals seeking comprehensive retirement account options might find Lloyds Bank more aligned with their needs, especially if they are interested in ISAs and SIPPs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Lloyds Bank and Webull both offer mobile apps for iPhone and Android devices, ensuring accessibility for users on both platforms. However, their app experiences differ significantly based on user ratings and rankings. Lloyds Bank's mobile app receives a moderate 3.5-star rating from UK.StockBrokers.com, placing it at #17 out of 18 brokers for mobile apps. In contrast, Webull's app garners an impressive 4.5-star rating, ranking it #8 in the same category. This comparison highlights Webull's strong performance and user satisfaction in mobile trading compared to Lloyds Bank.
Dive deeper: Best Stock Trading Apps UK.
When it comes to educational resources for beginner investors, Lloyds Bank and Webull each have unique offerings. Neither platform provides educational webinars or archived sessions for on-demand viewing. However, Webull does offer educational content on share trading and funds, which Lloyds Bank does not. Neither platform offers specific education for retirement topics. According to UK.StockBrokers.com, Lloyds Bank is rated 4 stars and ranks 14th out of 18 brokers for beginner education, whereas Webull earns a 3.5-star rating and ranks 19th. These ratings reflect Lloyds Bank's slightly higher standing for beginners despite having fewer educational topics covered.
| Feature |
Lloyds Bank
|
Webull
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | No | Yes |
| Education (Funds) | No | Yes |
| Education (Retirement) | No | No |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When it comes to market research features, Lloyds Bank and Webull offer different strengths for investors. Lloyds Bank provides a robust selection of research tools, including detailed reports for funds, shares, ETFs, and bonds, appealing to those looking for comprehensive insights. On the other hand, Webull offers a more limited suite of research options, featuring shares research but lacking in areas like funds, ETFs, and bonds. Both platforms do not provide research on CFDs or the ability to see portfolio allocation by asset class, leaving investors to look elsewhere for these specific features. Overall, Lloyds Bank caters more to investors seeking detailed market research, whereas Webull might suit those primarily interested in shares research.
| Feature |
Lloyds Bank
|
Webull
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | No |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | Yes | No |
| Portfolio Allocation Breakdown | No | No |
Which broker is better overall, Lloyds Bank or Webull? After collecting more than 900 data points over a 10-week period, we found Lloyds Bank to be a better trading platform overall.
It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group.
| Feature |
Lloyds Bank
|
Webull
|
|---|---|---|
| Overall Rating |
|
|
| Charges & Fees |
|
|
| Investment Choices |
|
|
| Mobile App |
|
|
| Website |
|
|
| Ease of Use |
|
|
| Education |
|
|
While Lloyds Bank does not provide options for crypto trading, Webull similarly does not support cryptocurrency trading, aligning both online brokers in their current offerings to prospective investors interested in cryptocurrency.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Lloyds Bank | Webull | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Lloyds Bank Review | Webull Review | |
| Winner | check_circle |
| Investments | Lloyds Bank | Webull | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | No | 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 | No | No | |
| Advisor Services | Yes | No |
| Trading Fees | Lloyds Bank | Webull | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £8, £10, £11 | 0.025% | |
| Share Trading: 10-19 Deals/ Month | £8 | 0.025% | |
| Share Trading: 20+ Deals/ Month | £8 | 0.025% | |
| 5 trades per year (£30k portfolio) | £95 | 0.025% of trade value | |
| 12 trades per year (£30k portfolio) | £40 - £172 | 0.025% of trade value | |
| 36 trades per year (£30k portfolio) | £40 - £328 | 0.025% of trade value | |
| 120 trades per year (£30k portfolio) | £40 / £1,000 | 0.025% of trade value | |
| 3 fund trades per year (£30k portfolio) | £44.50 | N/A | |
| Annual Custody Fee: £0 - £250,000 | £40 | £0 | |
| Annual Custody Fee: £250K-£500K | £40 | £0 | |
| Annual Custody Fee: £500,000 - £1m | £40 | £0 | |
| Annual Custody Fee: £1m and over | £40 | £0 | |
| Bonds - Corporate - Fee | £8 - £11 | N/A | |
| Bonds - Government (Gilts) - Fee | £8 - £11 | N/A | |
| ETFs - Fee | N/A | ||
| Investment Trusts - Fee | N/A | ||
| Telephone Dealing Fee | £35 | N/A |
| Broker Screenshots | Lloyds Bank | Webull | |
|---|---|---|---|
| Website Gallery (click to expand) |
| ||
| Mobile Trading Apps Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
| Platforms & Tools | Lloyds Bank | 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 | Lloyds Bank | Webull | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | Yes | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | No | No |
| Education | Lloyds Bank | Webull | |
|---|---|---|---|
| Education (Share Trading) | No | Yes | |
| Education (Funds) | No | Yes | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Lloyds Bank | Webull | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Lloyds Bank Review | Webull Review | |
| Winner | check_circle |
Trading 212 Review
Interactive Brokers Review
Hargreaves Lansdown Review
XTB Review
IG Group Review
eToro Review
Saxo Review
CMC Invest Review
Freetrade Review
Halifax Review
Vanguard Review