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.
When comparing online brokers Saxo and Webull, Saxo stands out significantly for its diverse range of investment options available to UK investors. Saxo provides avenues for share trading, ETFs, CFDs, funds, corporate and government bonds, and investment trusts. In contrast, Webull offers more limited options, focusing solely on share trading, as ETFs, CFDs, and bonds are not available through their platform. Neither broker supports trading in cryptocurrencies or spread betting. While both brokers lack advisory services, Saxo's comprehensive investment selection earns it a top rating of 5 stars and the number one ranking out of 18 brokers by UK.StockBrokers.com for investment choices. Meanwhile, Webull is rated 3 stars and falls significantly lower in the rankings at 21st place.
In summary, for UK investors seeking a wide array of investment options, Saxo outshines Webull. Saxo's broad offerings and high ratings make it a top choice for those looking to diversify their portfolios beyond basic share trading. With investments such as ETFs, various bonds, and funds not attainable via Webull, Saxo clearly has the edge in providing a more versatile and far-reaching investment platform.
| 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.
When considering mobile trading platforms, Saxo and Webull both cater to iPhone and Android users, making them convenient choices for traders on the go. According to UK.StockBrokers.com, Saxo stands out with a 5-star rating for its mobile app, placing it at the top spot among 18 brokers. Meanwhile, Webull isn't far behind, earning a solid 4.5-star rating, which positions it at number 8. For UK investors seeking a reliable trading experience on their smartphones, Saxo's app appears to lead in user satisfaction and performance, while Webull offers a commendable alternative.
Dive deeper: Best Stock Trading Apps UK.
When comparing beginner investor educational resources between Saxo and Webull, Saxo stands out for UK users with its highly rated offerings. Saxo provides educational webinars that can be watched live or on demand, earning an impressive 5-star rating and a third-place rank among 18 brokers on UK.StockBrokers.com for beginner education. In contrast, Webull does not provide webinars, but it does offer education on share trading and funds, topics Saxo does not cover. However, Webull's educational resources rate 3.5 stars and place it at a distant 19th in the same ranking. While both brokers lack retirement education, Saxo’s comprehensive webinar offerings and higher educational ranking make it a compelling choice for novice investors.
| 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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| Mobile App |
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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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