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.
For UK investors weighing their options between Lloyds Bank and Webull, it's important to note how these online brokers stack up in terms of available investment choices. Lloyds Bank provides share trading, ETF trading, and funds trading, making it a well-rounded choice for those looking to diversify their portfolio. In addition, Lloyds offers access to both corporate and government bonds, along with investment trusts and advisory services, garnering a 5-star rating for investment choices by UK.StockBrokers.com and ranking 8th out of 18 brokers for its offerings.
Webull, on the other hand, focuses primarily on share trading, lacking the depth of offerings available through Lloyds Bank. With no options for trading ETFs, funds, bonds, or investment trusts, Webull received a modest 3-star rating for its investment choices and ranks 21st out of 18 brokers according to UK.StockBrokers.com. Both platforms do not facilitate crypto trading, spread betting, or CFD trading, ensuring a straightforward experience without these complex instruments.
| 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 |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools of Lloyds Bank and Webull, UK investors might find Webull more feature-rich for charting capabilities. Unlike Lloyds Bank, which offers a basic trading platform, Webull allows users to enhance their trading experience with advanced features. Webull supports displaying corporate events like earnings on charts, offers 17 drawing tools, and provides 12 technical indicators, whereas Lloyds Bank does not offer any of these features. Additionally, Webull lets traders add notes and stock overlays to charts for deeper analysis, something not available with Lloyds Bank.
Both Lloyds Bank and Webull provide browser-based trading platforms where users can set up alerts for stock price updates. However, for those who value up-to-the-minute market insights, only Webull delivers real-time market data, while Lloyds Bank does not. Overall, for UK traders seeking advanced charting tools and real-time data, Webull stands out as a more comprehensive option when compared to Lloyds Bank's offerings.
| 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 online brokers Lloyds Bank and Webull for retirement accounts, UK investors may find Lloyds Bank more appealing thanks to its availability of both Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). Lloyds Bank provides a comprehensive range of options tailored for UK retirement planning, which contrasts with Webull’s offerings, as Webull currently does not provide ISAs or SIPPs. This difference underscores the importance of assessing the specific retirement saving tools offered by each broker to match individual investment goals, especially for those looking to leverage the tax advantages of ISAs and SIPPs in the UK.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK investors seeking accessible mobile trading options, both Lloyds Bank and Webull offer apps available on iPhone and Android devices. While both brokers provide essential mobile trading functionalities, their performance differs. Lloyds Bank's mobile app holds a 3.5-star rating from UK.StockBrokers.com and ranks 17th out of 18 brokers in the mobile app category, highlighting room for improvement. In contrast, Webull's app receives a higher rating of 4.5 stars and ranks 8th, indicating a stronger user experience and more favorable market feedback. These rankings can guide users in choosing the platform that best meets their trading needs.
Dive deeper: Best Stock Trading Apps UK.
When comparing the beginner investor educational resources of Lloyds Bank and Webull, both online brokers fall short in offering educational webinars and on-demand archives. However, Webull extends an edge by providing educational content on share trading and funds, topics that Lloyds Bank does not cover. Neither platform offers education on retirement. According to UK.StockBrokers.com, Lloyds Bank is rated slightly higher with a 4-star rating and ranks 14th out of 18 brokers, indicating a better position for beginner education compared to Webull's 3.5-star rating and 19th place ranking.
| 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 |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Lloyds Bank and Webull, UK investors will find that Lloyds Bank provides a range of research options for those interested in detailed insights. Lloyds Bank offers research reports for funds and provides in-depth analysis on shares, ETFs, funds, and bonds. This makes it a strong choice for investors seeking comprehensive market insights across different investment products. In contrast, Webull offers shares research but misses out on reports for funds, ETFs, and bonds, which might limit the depth of analysis available to investors. Neither Lloyds Bank nor Webull provides the ability to view portfolio allocation by asset class, and both lack research on CFDs, so users desiring this feature may need to look elsewhere. Overall, Lloyds Bank offers a broader spectrum of market research options compared to Webull, making it a suitable choice for UK investors looking for extensive research resources.
| 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 |
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Webull
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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.
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0 of 5| Overall Rating | Lloyds Bank | Webull | |
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| 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 - £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 | £8 - £11 | N/A | |
| Investment Trusts - Fee | £8 - £11 | N/A | |
| Telephone Dealing Fee | £35 | N/A |
| Broker Screenshots | Lloyds Bank | 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) |
| 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 | |
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| Review | Lloyds Bank Review | Webull Review | |
| Winner | check_circle |
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