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.
Saxo and Webull are both popular online brokers in the UK, offering a variety of investment options for their users. Saxo stands out by providing a wider array of trading choices, including shares, ETFs, CFDs, funds, corporate bonds, government bonds, and investment trusts. Webull, on the other hand, offers share trading but lacks several of the additional investment options that Saxo provides. This comprehensive offering helps Saxo cater to a more diverse range of investment needs.
UK.StockBrokers.com rates Saxo highly for its investment choices, awarding it a top score of 5 stars and ranking it as the best out of 21 brokers. Meanwhile, Webull receives a more modest rating of 3 stars, placing it at the bottom of the list. For UK investors seeking a broker with extensive investment options and a strong industry reputation, Saxo appears to be the more favorable choice compared to Webull.
| Feature |
Saxo
|
Webull
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|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | |
| ETFs | Yes | |
| Funds | Yes | |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | ||
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing Saxo and Webull for their trading tools, both platforms offer a range of features for traders. Saxo stands out by providing 64 technical indicators compared to Webull's 12, giving users a broader selection for detailed analysis. Moreover, while both platforms enable adding notes and stock overlays on charts, only Webull allows the display of corporate events such as earnings and dividends directly on the charts. Saxo, however, enhances charting capabilities further with its 20 drawing tools and options to add index overlays.
Both Saxo and Webull offer browser-based trading platforms and allow traders to set alerts for stock price updates, ensuring users can stay on top of market changes. They also provide real-time market data, offering traders accurate and up-to-date information. While Webull is ideal for traders who value corporate event displays on charts, Saxo offers more comprehensive technical tools for those focused on in-depth analysis. The choice between the two may come down to which features align with a trader's specific strategies and preferences.
| 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 | Yes | |
| Charting - Stock Overlays | Yes | Yes |
| Charting - Index Overlays | Yes |
When comparing online brokers Saxo and Webull and their retirement account options for UK investors, Saxo stands out as it offers both ISA (Individual Savings Account) and SIPP (Self-Invested Personal Pension) accounts, providing versatile tax-efficient investment solutions. In contrast, Webull does not currently offer ISA or SIPP accounts, which might limit options for those prioritizing retirement savings and tax benefits. Investors seeking comprehensive retirement planning tools may find Saxo's offerings more aligned with their needs.
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.
For beginner investors in the UK looking to choose between Saxo and Webull for educational resources, Saxo leads with a higher rating, offering 5 stars compared to Webull's 3.5 stars according to UK.StockBrokers.com. Ranked 3rd out of 21 brokers for beginner education, Saxo provides educational webinars that can be accessed on demand, offering flexibility for their clients. Webull, ranked 19th, does not offer webinars but provides educational content on share trading and funds. Neither platform currently offers resources for retirement planning. If on-demand educational webinars are crucial for your learning, Saxo is the superior choice for newcomers. However, for those specifically focusing on share trading and funds, Webull also presents valuable educational material.
| Feature |
Saxo
|
Webull
|
|---|---|---|
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Education (Share Trading) | Yes | |
| Education (Funds) | Yes | |
| Education (Retirement) | ||
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
For UK investors seeking insightful market research features, Saxo and Webull offer different options to consider. Saxo excels with comprehensive research tools, providing detailed reports on funds, ETFs, CFDs, and bonds, making it a solid choice for those who value in-depth analysis across diverse financial products. Saxo also offers insights into portfolio allocation by asset class, aiding investors in understanding their investment distribution. While Webull offers shares research, it falls short in providing research for ETFs, funds, CFDs, and bonds, leaving a gap for those interested in a broader market analysis. If having a wide array of research options is a priority, Saxo stands out as the more versatile choice.
| Feature |
Saxo
|
Webull
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | |
| Research - ETFs | Yes | |
| Research - Bonds | Yes | |
| Research - Funds | Yes | |
| Fund Research - Research Reports | Yes | |
| Portfolio Allocation Breakdown | Yes |
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 |
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Webull
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Both Saxo and Webull offer crypto trading, enabling investors to access digital currencies on their platforms.
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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 | ||
| SIPP | Yes | ||
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | ||
| Funds | Yes | ||
| ETFs | Yes | ||
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | ||
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services |
| 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 | Yes | ||
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes |
| Research | Saxo | Webull | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | ||
| Research - Funds | Yes | ||
| Fund Research - Research Reports | Yes | ||
| Research - ETFs | Yes | ||
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown | Yes |
| Education | Saxo | Webull | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | Yes | ||
| Education (Retirement) | |||
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes |
| Overall Summary | Saxo | Webull | |
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| Review | Saxo Review | Webull Review | |
| Winner | check_circle |
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