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, Saxo offers better pricing than Webull 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 it comes to investment choices, Saxo offers a broader range of options than Webull. Both platforms provide share trading, but Saxo goes further by offering trading of ETFs, CFDs, funds, corporate bonds, government bonds, and investment trusts—areas in which Webull does not provide services. Neither Saxo nor Webull support crypto trading, spread betting, or offer advisor services, keeping their focus strictly on traditional investment avenues.
Based on reviews from UK.StockBrokers.com, Saxo ranks as the top choice among 18 brokers for investment options, earning a five-star rating for its diverse offerings. In contrast, Webull holds a three-star rating, although its ranking among brokers for investment choices remains unlisted. For those seeking a variety of investment products, Saxo presents a more comprehensive suite of options, making it a preferred choice for many investors.
| 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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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing the trading tools of Saxo and Webull, each platform has a unique set of features that cater to different trading styles and preferences. Saxo provides a robust charting experience with 20 drawing tools and 64 technical indicators, making it an attractive choice for those looking to perform detailed technical analysis. Although Saxo does not display corporate events directly on charts, it supports adding notes and stock overlays, along with index overlays which Webull lacks. Traders on Saxo can set price alerts and access real-time market data via its browser-based trading platform, offering a comprehensive toolset for informed decision-making.
Webull, on the other hand, excels in integrating corporate events like earnings, splits, and dividends into its charts, which can be crucial for fundamental analysis. While it offers slightly fewer drawing tools (17) and a smaller selection of technical indicators (12), Webull still provides essential features like note-taking and stock overlays. Backed by real-time market data and alert-creating capabilities, Webull also offers a browser-based platform, ensuring traders have on-the-go access. Ultimately, both brokers have strengths, with Saxo leaning towards advanced technical tools and Webull focusing on fundamental analysis features.
| 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 the retirement account offerings of online brokers Saxo and Webull, it becomes clear that Saxo provides a more comprehensive suite of options for those planning their future. Saxo offers both ISA and SIPP accounts, catering to individuals looking for tax-efficient ways to save for retirement. In contrast, Webull does not offer either ISA or SIPP accounts, which might limit the retirement savings strategies available to their users. If you're evaluating brokers based on retirement account availability, Saxo stands out as the broker that accommodates a wider range of investment goals with its inclusion of both ISA and SIPP options.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Saxo and Webull both offer robust mobile trading solutions with apps available for iPhone and Android users. For those prioritizing excellence in mobile performance, UK.StockBrokers.com rates Saxo's mobile app a perfect 5 stars, earning it the top rank out of 18 brokers evaluated for mobile apps. Meanwhile, Webull's app is rated 4.5 stars, offering a strong but slightly lower-rated experience compared to Saxo. While Webull's ranking among brokers is unspecified, Saxo's leading position underscores the platform's superior mobile trading capabilities.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors between Saxo and Webull, several differences stand out. Saxo offers engaging educational webinars that are archived for on-demand viewing, providing a convenient learning experience. In contrast, Webull does not offer webinars, live or archived. Although Webull covers share trading and funds education, Saxo does not. Neither platform offers education on retirement topics. Saxo impressively earned a 5-star rating from UK.StockBrokers.com, ranking second out of 18 brokers for beginner education. Meanwhile, Webull received a 3.5-star rating but was not ranked. Overall, Saxo's comprehensive webinars and high recognition make it a strong choice for rookie investors seeking robust educational support.
| 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 Saxo to Webull for market research features, Saxo emerges as the more comprehensive choice. Saxo provides research reports for funds and allows users to view portfolio allocation by asset class, features that Webull does not offer. Both platforms offer shares research, but Saxo goes further by also providing research for ETFs, funds, CFDs, and bonds, while Webull lacks these additional tools. For those seeking in-depth and diverse market research capabilities, Saxo stands out as a more robust platform than Webull.
| 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 Markets’ 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.
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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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