Record Refining Margins in 2026: What UK Investors Should Know
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Webull UK
Review 2026
Overview, highlights & more!
What will you find in this review:
Overview of Webull
In this Webull UK review we look at a platform that has changed a great deal in a short time. Webull built its name among retail traders in the US and Asia, launched in the UK in July 2023 with a US shares only offering, and has since added London Stock Exchange shares, Hong Kong and China A shares, US options, a GBP cash savings product and, in April 2026, a Stocks and Shares ISA.
Signing up is quick and the app is polished, if dense. The charting, screening and market data on offer are well beyond what most commission free apps provide, and the pricing is genuinely competitive: no platform fee and no commission on US, Hong Kong or China A shares.
The information provided on this page and throughout the website is for general information purposes only and does not constitute financial advice. It is important that you conduct your own research and consider your own personal circumstances before making any investment decisions.
It's important to note that this review is tailored for the potential UK users of Webull.
Webull now suits a wider range of UK investors than it did a year ago, but it remains a shares and options platform rather than a full service one. There are no mutual funds, investment trusts, gilts or corporate bonds, no SIPP yet, and no Lifetime or Junior ISA. Currency conversion at 0.50% on the free plan is also higher than several UK rivals, which matters if you buy US shares regularly.
It is a strong fit for someone who wants to trade individual shares and options cheaply, with good tools and now a tax efficient wrapper. It is a weaker fit for someone building a simple diversified fund portfolio.
Platform highlights
| 🗺️ Markets available | US (NASDAQ, NYSE), UK (LSE), Hong Kong and China A shares |
| 📊 Commission | $0 on US, Hong Kong and China A shares. UK shares and ETFs free for 90 days, then 0.05% |
| 💲 FX conversion fee | 0.50% on the free Go plan, 0.35% on Meridian |
| ⏳ Inactivity fee | GBP 0 |
| 🏧 Withdrawal fee | GBP 0 |
| 💵 Minimum Deposit | None. Fractional US orders from $5, ISA contributions from GBP 10 |
| 💡 Accounts offered | General Investment Account, Stocks and Shares ISA, GBP Cash Savings. SIPP coming soon |
| 🎮 Demo Account | Yes, paper trading available |
| 📜 Regulatory entities | FCA (FRN 961286), accounts opened via ASIC regulated Webull Securities (Australia) |
Offering for UK Investors
Commission-free trading of whole and fractional US stocks
It provides users with the opportunity to trade real stocks (both whole and fractional) without incurring any charges.
Upon logging into the platform, users will discover a diverse range of shares, including the most US companies' shares.
Transferring stocks to and from the platform is possible without incurring charges from Webull. However, users should be aware of potential charging policies from their outgoing broker and should contact them before proceeding with the transfer.
The commission-free option is applicable when liquidating positions with the current broker or making fund withdrawals from them to deposit funds into your account.
Stocks and Shares ISA
Webull launched its Stocks and Shares ISA in April 2026, and it is the single biggest change to the UK offering. You can invest up to the GBP 20,000 annual ISA allowance with no UK income tax or capital gains tax on your returns, contributing from as little as GBP 10 at a time and pausing whenever you like.
Inside the ISA you can hold UK, US and other global shares and ETFs, subject to the same Go and Meridian plan limits that apply across the platform, so FTSE 100 shares and popular ETFs on the free plan and the wider UK range on Meridian. There is no Lifetime ISA and no Junior ISA, and the SIPP remains listed as coming soon.
One point to check before you rely on it: Webull describes the account as offering flexible contributions, which is not the same thing as a flexible ISA in the HMRC sense. If the ability to withdraw money and replace it within the same tax year without using more of your allowance matters to you, confirm that directly with Webull.
Transfers work in both directions, but not on the same terms. Transferring US shares into Webull is free. Transferring holdings out to another broker attracts a fee charged by the clearing firm rather than by Webull, and the amount has changed as Webull has restructured its UK operation, so confirm the current charge with Webull before you plan an exit. Transfers typically take around five to seven business days.
Advantages
Genuinely low costs
No platform fee, and $0 commission on US, Hong Kong and China A shares. UK shares and ETFs are free for the first 90 days, then 0.05% per trade.
User-friendly platform with advanced tools for trading
No minimum deposit
There is no minimum to open or fund an account. Fractional US share orders start at $5 and ISA contributions at GBP 10.
Availability of fractional shares
Extended trading hours
You can trade during extended hours by placing a limit order and selecting "Include Extended Hours" under Trading Hours
Disadvantages
Full UK range needs a subscription
The free Go plan covers FTSE 100 shares and popular UK ETFs only. UK shares outside the FTSE 100 and the full ETF range require the paid Meridian plan.
Your account sits with the Australian entity
Webull Securities (UK) Ltd is FCA authorised but acts as your agent, opening your account with Webull Securities (Australia) Pty Ltd, which is regulated by ASIC. Worth understanding before you commit.
The app interface might be considered overcrowded
No SIPP yet
Webull launched a Stocks and Shares ISA in April 2026, but the SIPP is still listed as coming soon, so pension money has to go elsewhere for now.
No funds, trusts or bonds
Webull offers shares, ETFs and US options. There are no mutual funds, investment trusts, gilts or corporate bonds, so a traditional fund portfolio is not possible here.
Ready to start investing with Webull already?
Investments can fall and rise,
your capital is at risk.
Webull UK Markets
UK clients can currently trade on the following markets:
- NASDAQ
- New York Stock Exchange (NYSE)
- London Stock Exchange (LSE)
- Hong Kong Stock Exchange
- China Stock Connect
- US shares, including fractional shares from $5
- UK shares on the LSE, FTSE 100 on the free plan and the wider market on Meridian
- UK and US listed ETFs
- US equity and index options
- Hong Kong and China A shares
- GBP cash savings, paying up to 4.00% AER variable
The picture changed considerably during 2026. Webull UK began as a US only platform, then added London Stock Exchange shares, cut US commissions to zero and launched a Stocks and Shares ISA in April 2026.
One catch is worth understanding before you sign up. On the free Go plan you can trade FTSE 100 shares and a selection of popular UK ETFs, but not UK shares outside the FTSE 100 or the full ETF range. Those require the paid Meridian plan, which also lowers the currency conversion charge from 0.50% to 0.35% and lets you switch between automatic and manual conversion.
What you cannot buy anywhere on the platform are mutual funds, investment trusts, gilts and corporate bonds. Webull is a shares, ETFs and options platform, not a fund platform.
Fee structure at a glance
| Webull fee structure: | Fee |
|---|---|
| Minimum deposit | GBP 0 |
| Platform fee | GBP 0 |
| Meridian subscription (optional) | GBP 0.01 a month as advertised |
| US, Hong Kong and China A shares | $0 commission |
| UK shares and ETFs | GBP 0 for 90 days, then 0.05% of trade value |
| US options | $0 for 3 months (max 100 contracts), then $0.50 per contract |
| Currency conversion | 0.50% on Go, 0.35% on Meridian |
| Deposit fee | GBP 0 |
| Withdrawal and inactivity fees | GBP 0 |
Webull UK charges no platform fee and no commission on US, Hong Kong or China A shares. UK shares and ETFs on the London Stock Exchange are free for your first 90 days, after which they cost 0.05% of trade value. US options are free for three months up to 100 contracts, then $0.50 per contract.
Where Webull does make money on ordinary investors is currency conversion. Because the platform prices most of its range in dollars, buying US shares from a sterling balance triggers a conversion charge of 0.50% on the free Go plan, or 0.35% if you subscribe to Meridian. On regular purchases that is the number that matters most, and it is higher than several UK rivals charge.
Regulatory and exchange fees apply on US trades, including small SEC and FINRA charges on sells, and some US listed stocks attract a Financial Transaction Tax of up to 0.5% depending on where the company is domiciled. American Depositary Receipts carry a custody fee of $0.01 to $0.03 per share, charged by the US depository rather than Webull.
There is no deposit fee, no withdrawal fee and no inactivity fee, and transferring US shares in is free. Webull also pays up to 4.00% AER variable on its GBP cash savings product, which is provided through a third party bank rather than by Webull itself.
The Meridian subscription is advertised at GBP 0.01 a month, which appears to be promotional pricing. Check the current rate in the app before subscribing, since the difference between 0.50% and 0.35% conversion only pays for itself if you trade overseas shares regularly.
New accounts currently get 90 days of commission free LSE share trading, three months of zero contract fees on options up to 100 contracts, and 12 months of free Nasdaq Level 2 market data. Promotional terms change often, so confirm what is running before you open an account.
Webull’s Customer Support
| Channels | |
|---|---|
| Phone Assistance | Yes |
| Email Support | Yes |
| In-App Help | Yes |
| Community or Forum | Yes |
| Channels | |
|---|---|
| Phone Assistance | Yes |
| Email Support | Yes |
| In-App Help | Yes |
| Community or Forum | Yes |
As the broker is a recent entrant in the market, there’s limited feedback available for the app, with fewer than 10 reviews on the UK App Store and Google Play.
In more established markets, such as the US, it has garnered substantial feedback. On the US Google Play Store, it holds a 4.3 rating from over 180,000 votes, and on the US App Store, an impressive 4.7 from over 280,000 ratings (as of July 2023).
The reception of the app in the UK remains to be seen.
For customer support, you can reach out via email at “clientservices@webull-uk.com” or through their telephone helpline. In-app chat is also available, and based on our experience, the support team has been responsive and helpful in addressing queries.
Account Setup Process
While the sign-up process might not be the most seamless, it’s relatively straightforward.
You can follow these steps to open an account:
1. Access Webull: Begin the registration process by downloading the app or website. You can start either on the web desktop or by downloading the app, and you’ll need to provide your phone number.
2. Enter Your Details: Complete your personal information, including employment details, investing habits, and current net wealth.
3. Verification: The next step involves demonstrating proof of address and verifying your identity with your current ID and a selfie.
4. Agree to Terms and W-8BEN: Sign the terms and conditions and complete the electronic W-8BEN form, confirming your non-US tax resident status.
5. Submit and Await Verification: Once you’ve submitted all details, the support team will verify the information, a process that typically takes around 20 minutes.
6. Set Up Security Details: After verification, you’ll be prompted to establish a “trading password” (a 6-digit pin) and select security questions.
7. Deposit Funds: With everything set up, deposit funds through the in-app or website service. Note that some users may encounter challenges with the in-app option, so using the web service could be an alternative solution.
Platform & Tools
| Feature | Available |
|---|---|
| Interactive charting | Yes |
| Advanced Charting Tools | Yes |
| Trading Order Types | Yes |
| ETF Research | No |
| Latest News | Yes |
| Company Announcements | Yes |
| Dividend News | No |
| Watch Lists | No |
| Social or Copy-Trading | No |
| Economic Calendar | Yes |
| Demo Account | Yes (Paper Trading) |
In this domain, the platform truly stands out. It provides an abundance of tools and research options within the app.
From interactive charting to stock-specific news feeds, in-depth analysis, and fundamental company details, the platform offers a comprehensive package.
One noteworthy feature is the inclusion of informative visuals displaying financial snapshots with quarterly and annual graphs covering:
- Earnings per share (EPS)
- Income statement
- Balance sheet
- Cash flow
This visual representation aids in tracking a company’s performance across different periods. Additionally, the “peer comparison” tool allows users to assess how a stock fares against others in the same sector and determine its overall ranking.
However, the downside to this wealth of information is that the app may feel somewhat overcrowded and busy. While everything needed is accessible, users might experience a learning curve in terms of locating specific features.
It adopts a layout featuring five options at the bottom of the app:
- Feeds
- Watchlists
- Webull logo (displays funding and order history)
- Markets
- Menu
While this layout seems straightforward, each tab encompasses a lot of features, making navigation somewhat challenging. The process of executing a trade is not as intuitive as one might hope, indicating that the app is better suited for experienced traders than complete beginners.
Regulatory safeguards
The regulatory structure here is unusual and worth understanding properly. Webull Securities (UK) Ltd is authorised and regulated by the Financial Conduct Authority under firm reference number 961286. However, it acts as your agent rather than holding your account: it opens an account for you with Webull Securities (Australia) Pty Ltd, which is regulated by the Australian Securities and Investments Commission.
Client money and assets are held in segregated accounts. Webull markets FSCS protection of up to GBP 120,000, but it is worth being precise about the limits: the GBP 120,000 figure applies to cash deposits held with a UK bank, while the FSCS limit for investment claims is GBP 85,000 per person per firm. Given the Australian account structure, anyone treating FSCS cover as the deciding factor should confirm directly with Webull exactly what is covered and by whom before depositing.
Webull Corporation is listed on the Nasdaq under the ticker BULL, and the group reports more than 27 million registered users across 16 markets as of May 2026.
Frequently Asked Questions
Conclusion
For those just starting or seeking to establish a diverse, long-term portfolio, there might be more suitable brokers available.
However, if you possess intermediate-level experience, have an inclination for active trading, or aspire to enhance your trading acumen with advanced orders and technical analysis, the UK entity emerges as a compelling choice. Its affordability, particularly when compared with brokers offering similar features, adds to its appeal.
Despite its recent arrival, the platform boasts a robust reputation established in other markets.
Platform and Trading Experience
The platform, albeit slightly cluttered, offers an array of tools and resources for traders with a penchant for technical analysis. The app provides in-depth stock analysis, interactive charting, and financial snapshots. However, its complexity may pose a challenge for beginners, skewing its appeal more towards seasoned traders.
Fees and Costs:
It stands out for its low-cost structure. With no platform fees, competitive commissions, and a current promotion offering zero commission for the first 90 days, it’s an economically viable choice. However, the limitation to US stocks might deter those eyeing a more diversified global portfolio.
Account Setup and Security:
Navigating through the signup process, though not the smoothest, is straightforward. Verification involves proof of address, identity, and agreement to terms, ensuring regulatory compliance. While a commission is applicable for stock trades, there are no charges for account maintenance, deposits, or withdrawals.
Customer Support and User Feedback:
The customer support, accessible through various channels, is responsive and helpful. While user feedback is currently limited in the UK, the platform has garnered positive reviews in more established markets, reflecting its reputation.
Investment Options:
The company’s UK entity also focuses on US stocks, limiting its appeal for those seeking a broader range of investment options. The absence of tax-efficient accounts and a somewhat overcrowded app interface might be drawbacks for certain users.
Get free fractional shares with Webull now!
1. Deposit any amount.
2. Make a trade within 30 days of account opening.
3. *Get a free fractional share worth up to $2,000!
Investments can fall and rise,
your capital is at risk.
Investments can fall and rise,
your capital is at risk.
*Terms & Conditions may apply. Click the link for more information regarding eligibility.
We may earn a commission if you decide to open an account with Webull through any of the links present in this review. This also allows us to continue providing unbiased and detailed information on financial services that will help you manage your wallet’s most important spendings.
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