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Webull UK
Review 2025
Overview, highlights & more!
What will you find in this review:
Overview of Webull
In this Webull UK Review, we will learn about the platform that gained popularity among retail investors in the US and Asia, now having set its sights on the UK market.
The platform's sign-up and verification processes were relatively straightforward, and the investing app, while functional, appeared somewhat cluttered and confusing. A notable drawback is the restriction to trading only US stocks, resulting in constant FX fees when converting from sterling.
On a positive note, there is no platform fee, but users should be aware of small commissions for stock trading, set at 2.5 basis points, equivalent to 0.025% of the trade value.
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.
The broker caters to investors seeking low-cost trading of US stocks, but it exhibits limitations in various aspects.
Notably, the absence of diverse account options (no ISAs, pensions, or junior accounts) sets it apart less favorably from other zero-commission platforms in the UK, such as eToro, Freetrade, and InvestEngine.
Platform highlights
| 🗺️ Supported Countries | US, UK, Australia, South Africa, Singapore, Japan and Hong Kong |
| 📊 Stocks and ETFs fees | £0 for first 90 days of successful account opening, 2.5 basis points after |
| 💲FX conversion fees | 35 basis points |
| ⏳ Inactivity fee | £0 |
| 🏧 Withdrawal fee | £0 |
| 💵 Minimum Deposit | No minimum, £2,000 for margin account |
| 💡 Products offered | US Stocks (also fractional) |
| 🎮 Demo Account | Paper trading account availabe |
| 📜 Regulatory entities | FCA, ASIC, SEC, FINRA |
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.
It's important to note that transferring stocks from Webull to another broker incurs a transfer fee of $75 per transfer, with these funds directed to Apex, the clearing firm.
The transfer process typically takes 5-7 business days, with delays possible due to differing account structures, unsettled stocks, and ACH transactions, among other factors.
Advantages
Low costs
Including no platform fee and a low commission of 0.025%
User-friendly platform with advanced tools for trading
No minimum deposit requirement
The minimum value and quantity of a Fractional Share trade is USD 5 and up to 2 decimal places (0.01)
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
Limited to US stocks
The platform lacks mutual funds
The app interface might be considered overcrowded
No ISA accounts
Tax-relieved accounts are not available yet.
The range of asset types is somewhat limited.
Ready to start investing with Webull already?
Investments can fall and rise,
your capital is at risk.
Webull UK Markets
The UK entity exclusively provides access to the following markets:
- NASDAQ
- New York Stock Exchange (NYSE)
- London Stock Exchange (LSE)
- Toronto Stock Exchange (TSX)
- Japan Exchange Group (JPX)
- Euronext
- Deutsche Börse Xetra
- NASDAQ Copenhagen
- Frankfurt Stock Exchange
- SIX Swiss Exchange
- NASDAQ Nordic
However, it's essential to note a significant limitation – it restricts investments to US-listed stocks only.
This could be disappointing for those interested in British companies’ stocks or seeking opportunities in diverse global markets. While this is a notable drawback, if your primary focus is on US stocks, the platform offers a substantial selection, boasting more than 5,000 options.
Fee structure at a glance
| Webull fee structure: | Fee |
|---|---|
| Minimum deposit | £0 |
| Standard platform charge (monthly) | £0 |
| Best platform charge (monthly) | 0% |
| Standard fee per trade | 2.5 basis points (0.025%) |
| Best fee per trade | 2.5 basis points (0.025%) |
| Forex conversion fee | 0.35% |
| Deposit fee | £0 |
| Withdrawal fee | £0 |
| Inactivity fee | £0 |
The fee structure is notably low. While the US version of the platform charges a commission for stock transactions, the fee is minimal.
For instance, if you were to invest $100 in stocks, the fee would be approximately $0.03, rounded up.
Apart from these modest trading commissions, the platform maintains a fee-free environment. Account opening and maintenance are both free of charge. Additionally, there are no costs associated with depositing or withdrawing funds.
Currently, Webull is running a promotional offer where you enjoy a 0% commission rate for the initial 90 days after opening your account. This gives ample time to explore the platform without incurring any fees.
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
Webull UK stands out as a reliable broker, prioritizing ethics and transparency, and instilling confidence for potential account holders.
Webull Securities (UK) Ltd. (FRN: 961286) has been accessible to UK investors since July 2023, and operates under the regulation of the Financial Conduct Authority (FCA).
At the bottom of the home page of the broker’s website, you will find the following information:
Webull Securities (UK) Ltd (“WBUK”), is authorised and regulated by the Financial Conduct Authority, the FCA, (FRN: 961286) for the conduct of investment business.
Moreover, the UK entity users are ensured by the Financial Services Compensation Scheme (FSCS) protection, which safeguards deposits up to £85,000 if the platform faces financial challenges.
It’s essential to note that while the FSCS protection secures deposited funds, it doesn’t extend coverage to potential losses stemming from the fluctuation in the value of your investments.
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.
