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UK alternatives to Webull

Webull is a really popular investment app in the US — here are some UK alternatives

Webull is a trading app based in the US that offers commission-free share trading, options and ETFs. It has no minimum account deposit and more than 11 million users in countries like the US, Brazil, Japan, and India — but it’s yet to make its way to the UK. Here are some UK alternatives to Webull.

eToro: the closest alternative in the UK

WeBulleToro Free Stocks
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£0£0.00
Foreign exchange fees0%0.5%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at risk81% of retail CFD accounts lose money
Go to site
More Info

eToro is a close match to Webull – it offers commission-free trading on shares, commodities and ETFs, as well as a social trading feature that lets you copy the trades of popular investors. We think it’s got excellent charting tools and desktop trading.

If you’d like to find out more about eToro, we have a full review, where we talk about its social trading features and the exchanges you can trade with eToro.

Freetrade: a great alternative if you want an ISA

WeBullFreetrade
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£0£0
Foreign exchange fees0%0.45%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at riskCapital at risk
Go to site
More Info

Freetrade is another great alternative to Webull if you’re looking to invest in an ISA. Like Webull, it lets you invest in ETFs and funds. It has a colourful interface, making it an accessible option for beginner investors.

Read our full review of Freetrade to find out more, including the features available and more information about its fee structure.

WeBullIG Share Dealing
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£0£8
Foreign exchange fees0%0.5%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at risk77% of retail CFD accounts lose money
Go to site
More Info

Another popular investment app is IG. It charges commission to buy shares — £8 for UK shares and £10 for US ones. You can get cheaper trading if you trade regularly — £3 for UK shares and commission free for US shares if you traded more than 3 times in the previous month.

We’ve written a full review of IG that covers off the exchanges you can trade, fees and additional features of IG.

Compare all 4 apps

If you’ve still not made your mind up, here are some key facts:

Webull doesn’t charge a foreign exchange fee, while most UK platforms do, as you can see above.

Most UK platforms let you invest into an individual savings account (ISA), which would allow you to invest up to £20,000 each year without paying any tax on your profits. IG’s ISA is free, while Freetrade charges £3 per month. eToro does not offer an ISA, so you’d potentially be subject to capital gains tax for profits over £12,300 in each tax year.

We’ve chosen platforms that offer both UK and US shares — all 3 of these platforms have additional exchanges available, which you can find out in the full reviews. At the moment, Freetrade is app only, so if you’re interested in desktop trading, it wouldn’t currently be your best option.

Bottom line

Webull hasn’t made any announcements that it plans to come to the UK, so you could either hold off for an announcement, or you could choose a good alternative to Webull to trade with. We think the closest match in the UK is eToro, but you may be looking for something slightly different.

If you’re still not convinced, you can compare share dealing accounts with our comparison table. It lets you choose what’s important to you to narrow down your options.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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