Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare XTB and Webull.
XTB vs Webull Comparison
For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare XTB vs Webull.
Is XTB a good broker?
XTB has set itself up as a strong competitor in commission-free share trading. Its low fees and solid educational content will make XTB particularly attractive to newer investors. It does not, however, offer an ISA or SIPP.
Is Webull a good broker?
Which broker is less expensive?
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, XTB 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 - XTB would cost £0 per year, while Webull would cost 0.025% of trade value per year.
12 trades per year - XTB would cost £0 per year, while Webull would cost 0.025% of trade value per year.
36 trades per year - XTB would cost £0 per year, while Webull would cost 0.025% of trade value per year.
120 trades per year - XTB would cost £0 per year, while Webull would cost 0.025% of trade value per year.
3 fund trades per year - XTB would cost £0 per year, while Webull would cost £0 per year.
How do XTB and Webull compare in terms of minimum deposits required?
XTB requires a minimum deposit of £0, while Webull requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 XTB charges annual custody fees of 0, while Webull charges annual custody fees of £0.
Which broker offers a wider range of investment options?
XTB offers investors access to ISA, Share Trading, CFD Trading, ETFs and Spread Betting, while Webull offers investors access to Share Trading. Neither have SIPP, Funds, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts, Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Do XTB and Webull offer ISA or SIPP accounts?
Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that XTB offers traders access to ISA accounts, while Webull offers traders access to neither of these accounts. Neither have SIPP.
Do XTB and Webull offer cryptocurrency?
In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither XTB nor Webull offer crypto investing.
Which broker offers a better website experience?
Our testing concluded that the website of XTB is better than the website of Webull. XTB offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.
Which stock trading app is better?
To compare the trading platforms of both XTB and Webull, we tested each broker's stock trading app. All features compared, our analysis finds that XTB offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.
Do XTB and Webull offer educational resources?
Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that XTB offers traders access to Education (Share Trading), while Webull offers access to Education (Share Trading) and Education (Funds). Neither have Client Webinars, Client Webinars (Archived) and Education (Retirement).
Overall winner: XTB
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