Written by StockBrokers.com
In this head to head comparison of Saxo 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 Saxo 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 - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £51 per year, while Webull would cost 0.025% of trade value per year.
12 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £72 per year, while Webull would cost 0.025% of trade value per year.
36 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £144 per year, while Webull would cost 0.025% of trade value per year.
120 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year, while Webull would cost 0.025% of trade value per year.
3 fund trades per year - Saxo 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 seeking diverse investment options, Saxo provides a wide array of choices compared to Webull. Saxo supports trading in shares, ETFs, CFDs, funds, corporate bonds, government bonds (gilts), and investment trusts, helping investors build well-rounded portfolios. In contrast, Webull only offers share trading and lacks opportunities in ETFs, CFDs, funds, and bonds. Neither platform facilitates crypto trading or spread betting, but Saxo’s comprehensive range of investment choices makes it a robust option for those interested in varied asset classes.
According to UK.StockBrokers.com, Saxo shines with a 5-star rating for investment choices, securing the top spot among 21 brokers. Meanwhile, Webull garners a 3-star rating, placing it at the bottom of the rankings. This distinction underscores Saxo’s commitment to offering well-rounded investment opportunities, catering to diverse investor needs more effectively than Webull.
| Feature |
Saxo
|
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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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
For UK traders balancing the merits of Saxo and Webull, examining their trading tools reveals distinct advantages. Webull excels by providing the ability to display corporate events like earnings, splits, and dividends directly on charts, a feature absent in Saxo's offerings. However, Saxo outshines with 64 technical indicators, compared to Webull's 12, catering to those who rely heavily on such analytics for insightful trading decisions. When it comes to drawing tools, Saxo provides 20 while Webull offers 17, allowing for detailed chart customization in both cases.
Both platforms allow users to add notes and stock overlays to charts, and offer real-time market data and browser-based trading platforms, making everyday trading accessible and efficient. Saxo further enhances chart interactivity by allowing index overlays, which Webull does not offer. Lastly, both platforms support the creation of alerts for stock price updates, ensuring traders can stay informed without constant monitoring. Whether prioritizing detailed technical analysis or event-focused charting, Saxo and Webull each cater to specific trading strategies.
| Feature |
Saxo
|
Webull
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 64 | 12 |
| Charting - Drawing Tools | 20 | 17 |
| Charting - Notes | Yes | Yes |
| Charting - Display Corporate Events | No | Yes |
| Charting - Stock Overlays | Yes | Yes |
| Charting - Index Overlays | Yes | No |
When comparing online brokers Saxo and Webull for UK investors interested in retirement accounts, Saxo stands out as it offers both ISA and SIPP accounts, which are popular tax-efficient savings options for UK residents. In contrast, Webull does not provide ISA nor SIPP accounts, limiting its appeal to UK investors seeking these specific retirement solutions. Saxo's inclusion of these account types caters directly to the needs of UK customers looking to maximize their retirement savings within the available tax-advantaged frameworks.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK investors comparing online brokers, both Saxo and Webull offer comprehensive mobile apps that cater to iPhone and Android users. According to UK.StockBrokers.com, Saxo's mobile app excels with an impressive 5-star rating, making it the top choice out of 21 brokers. In contrast, Webull's mobile app holds a respectable 4.5-star rating, placing it at the eighth position among its peers. With both platforms ensuring accessible trading on your smartphone, Saxo stands out for those prioritizing the highest-rated mobile experience.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors between Saxo and Webull, Saxo stands out significantly in the UK. Saxo offers educational client webinars that attendees can watch on demand, making it easier for users to learn at their own pace. In contrast, Webull does not provide webinars. Although Webull offers education on share trading and funds, both platforms lack resources on retirement. According to UK.StockBrokers.com, Saxo is highly rated, earning 5 stars and securing the 3rd spot out of 21 brokers for beginner education, showcasing its commitment to supporting new investors effectively. Webull, with a 3.5-star rating, ranks lower at 19th, indicating room for improvement in its educational offerings for novices.
| Feature |
Saxo
|
Webull
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | 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 between Saxo and Webull, Saxo proves to be a comprehensive option for UK investors. Saxo provides a broad range of research offerings, including reports for funds and the ability to view portfolio allocation by asset class, which Webull lacks entirely. Both platforms offer shares research; however, Saxo surpasses Webull by also offering research on ETFs, funds, CFDs, and bonds, whereas Webull does not support these. For those seeking in-depth market insights, Saxo clearly stands out as the more informative choice.
| Feature |
Saxo
|
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, Saxo or Webull? After collecting more than 900 data points over a 10-week period, we found Saxo to be a better trading platform overall.
Saxo’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.
| Feature |
Saxo
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Webull
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When comparing online brokers Saxo and Webull, it's important to note that neither platform offers crypto trading capabilities.
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0 of 5| Overall Rating | Saxo | Webull | |
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| Review | Saxo Review | Webull Review | |
| Winner | check_circle |
| Investments | Saxo | 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 | No | No | |
| Advisor Services | No | No |
| Trading Fees | Saxo | Webull | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | From £3 or 0.08% | 0.025% | |
| Share Trading: 10-19 Deals/ Month | From £3 or 0.08% | 0.025% | |
| Share Trading: 20+ Deals/ Month | From £3 or 0.08% | 0.025% | |
| 5 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £51 | 0.025% of trade value | |
| 12 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £72 | 0.025% of trade value | |
| 36 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £144 | 0.025% of trade value | |
| 120 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £396 | 0.025% of trade value | |
| 3 fund trades per year (£30k portfolio) | 0.4% + 0% commission: £120 | N/A | |
| Annual Custody Fee: £0 - £250,000 | Up to £800 | £0 | |
| Annual Custody Fee: £250K-£500K | £500 to £1,000 | £0 | |
| Annual Custody Fee: £500,000 - £1m | Up to £1,998 | £0 | |
| Annual Custody Fee: £1m and over | £1,000 | £0 | |
| Bonds - Corporate - Fee | €20 minimum | N/A | |
| Bonds - Government (Gilts) - Fee | €20 minimum | N/A | |
| ETFs - Fee | From $1 | N/A | |
| Investment Trusts - Fee | From $1 / £3 / €10 | N/A | |
| Telephone Dealing Fee | £50 | N/A |
| Broker Screenshots | Saxo | 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 | Saxo | Webull | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 64 | 12 | |
| Charting - Drawing Tools | 20 | 17 | |
| Charting - Notes | Yes | Yes | |
| Charting - Display Corporate Events | No | Yes | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | No |
| Research | Saxo | 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 | Saxo | Webull | |
|---|---|---|---|
| Education (Share Trading) | No | Yes | |
| Education (Funds) | No | Yes | |
| Education (Retirement) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Saxo | Webull | |
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| Review | Saxo Review | Webull Review | |
| Winner | check_circle |
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