Webull UK: Expansion Roadmap and Alternatives

Franklin Silva| Updated January 26th, 2022
Webull UK alternatives

You have probably heard about the Webull app on YouTube and want to know if it’s available in the UK, right?

Webull is a modern and easy-to-use investment app from the US, which has introduced the concept of commission-free trading in financial products such as stocks and ETFs.

Want to know if Webull’s expansion plans, if it’s available in the UK, and the alternatives? We’ve got you covered!

What is Webull?

Webull is an investment app based in the United States, which does not charge a commission when investing in stocks or other financial products.

Due to its user-friendly and modern app and the fact that it does not charge fees when investing in stocks and other products, this company has become well known worldwide, alongside its biggest rival, Robinhood.

Once again, the Internet has democratized access to investments. Through apps like Webull or Robinhood, anyone can invest in the stock market without a lot of money or having to pay high fees for that.

Its success was due to its innovative product and its referral program, which encourages users to recommend others and receive a reward for doing so, making this company a world first.

Is Webull Available in the United Kingdom?

Unfortunately, Webull is not yet available in the UK, nor any European country. Currently, Webull can only be used in the United States and Hong Kong.

Webull has not yet made a public announcement about possible expansion into the UK or the European market. Although this market is interesting, it is also highly regulated and already has similar solutions (which we will cover below).

Webull App Alternatives in the UK

To help you find a Webull UK equivalent, we have only focused on commission-free brokers available in the UK. Here are our suggestions:

eToro

Commission-free stock and ETF trading. You can also copy other traders/investors. Slick, modern, and easy for anyone to use. It is trusted by over 20 million clients worldwide.
Disclaimer: 67% of retail CFD accounts lose money.

Freetrade

The UK equivalent to Robinhood, Freetrade lets you invest in more than 6,000 stocks (from the US, the UK, German, Finland and the Netherlands) and ETFs for free. Offers SIPP and ISA accounts.

Revolut Trading

One free trade every month. Mobile app only.

Trading 212

Commission-free stock and ETF trading (+10,000 global stocks and ETFs), 0.15% of currency conversion fee and presents fractional shares. Over 1.5 million customers. Offers an ISA (the UK equivalent to the Roth IRA).
Disclaimer: 76% of retail CFD accounts lose money when trading with this provider.

All the companies mentioned above are regulated and/or registered with the Financial Conduct Authority (FCA) in the UK.

1# eToro

Webull UK: Expansion Roadmap and Alternatives 1
Visit eToro
67% of retail CFD account lose money.

eToro at a glance

0% Commission
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$10
RegulatorsCySEC, FCA, and ASIC

Founded in 2006, eToro is a well-known worldwide fintech startup and leader in the social trading field (following other people’s trades), with over 20 million users worldwide. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through its platform, which is intuitive and simple to use, making it a good choice for beginners. It has also started offering commission-free stock and ETF trading in the UK (not all ETFs are commission-free).

Opening an account and depositing is easy, and you can even try it out with virtual money. On the downside, withdrawing money is slow, and spreads can be high for some products, like cryptocurrencies.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2# Freetrade

Webull UK: Expansion Roadmap and Alternatives 2
Visit Freetrade

Freetrade at a glance

0% Commission
Mobile App
ISA
ProductsStocks and ETFs
Minimum Deposit£1
RegulatorsFCA

Freetrade is a mobile-only commission-free UK stockbroker founded in 2016 that lets you invest in more than 6,000 stocks (US, UK, German, Finnish and Dutch), as well as ETFs, for free.

Freetrade came to revolutionize the traditional brokerage industry. A lot of brokers still present high complexity over their platforms and product offer. Freetrade is on a mission to help customers achieve better long-term financial outcomes and, for that purpose, it wants to be as transparent and trustworthy as possible. Ultimately, their goal is to allow everyone to benefit from wealth creation.

In the Freetrade app, you will not find CFDs and other related complex products; it does not promote day trading and has no hidden fees. The accounting opening process is quick and smooth. The mobile app is remarkably user-friendly. The main drawback is the limited product offering (no options, Forex, CFDs, Commodities or Cryptocurrencies).

As displayed on their website, Freetrade makes money through 3 revenue streams: ISA, £3/month, their premium service (£9,9/month), a fee of 0.45% of the Base FX rate on each US order placed, and a small amount of interest earned from banks on customers’ cash.

They operate under a freemium (free+premium) business model. For £9,9/month, users get extra features, such as limit orders, the ability to set stop loss, more stocks, etc. If you’re interested, you can also read our full Freetrade Review.

3# Revolut Trading

Webull UK: Expansion Roadmap and Alternatives 3
Visit Revolut

Revolut at a glance

0% Commission
Mobile App
ProductsStocks, Cryptocurrencies, Gold, and Silver
Minimum Deposit£0
RegulatorsSEC, FCA, and FINRA

Founded in 2019, Revolut Trading is part of the Revolut app (existing since 2015) and provides its users with an efficient way to invest (all in one place). It only allows investment in American stocks (+750 companies) free of charge up to one transaction per month, cryptocurrencies with a spread of 1.5%, and gold and silver with a spread of 0.25% when the market is open. On the other hand, there are no inactivity or withdrawal fees.

The app is super intuitive, and the account opening process is 100% digital, fast, and secure. Unfortunately, it still has a very low selection of financial products, and the account can only be denominated in dollars. Some of the non-accessible assets are ETFs, CFDs, Forex, bonds, and options. Furthermore, it does not have any educational or market research material, and it charges an annual custody fee of 0.12%.

Learn more in our in-depth Revolut Trading Review.

4# Trading 212

Webull UK: Expansion Roadmap and Alternatives 4
Visit Trading 212
76% of retail CFD account lose money.

Trading 212 at a glance

0% Commission
Mobile App
ISA
ProductsCFDs, Stocks, ETFs, Commodities, Forex, and Cryptocurrencies
Minimum Deposit£1
RegulatorsFCA and FSC

Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application by allowing anyone to invest in more than 10,000 stocks and ETFs, Forex, commodities, CFDs and cryptocurrencies. More than 15 million people have already downloaded the app. In 2017, it was the trading app with the most downloads in Germany and, since 2016, it has remained in first place in the United Kingdom.

In Trading 212, you will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system (Robo-advisor). On the downside, it has some limitations in terms of available products, such as the lack of bonds and options. Opening an account is extremely quick and easy.

Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge, and Trading 212 CFD, where you may trade leveraged financial products (CFDs).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this broker. It is important to understand how CFDs work and the risks involved in trading, such as losing all invested capital.

Which platform should you choose?

Some factors you should be aware of when choosing an online broker are the fees charged if it is regulated by top-tier institutions such as the FCA in the UK and the range of products it allows you to trade (not all platforms allow you to trade cryptocurrencies or stocks listed on the London Stock Exchange, for instance), among other factors.

The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, returns, and impact strategy.

We hope this has helped – please leave your comments below.

Happy investing!