Trading212 or Webull – which is better for UK traders 2024? Compare Trading212 and Webull in this detailed breakdown of their platforms, features and fees.
Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets.
Webull is a multi-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC, FINRA and FCA and continues to uphold a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.
Pros
One of the standout features of Trading 212 is its commission-free trading, meaning you can buy and sell stocks, ETFs, and other financial instruments without incurring traditional brokerage fees
Trading 212 has an intuitive and user-friendly platform that is especially accessible for beginners, with a straightforward layout and a reasonable range of tools for analysis
The platform offers a good suite of instruments, including stocks, indices, ETFs, currencies, commodities, and CFDs. This variety can help you to create a diversified investment portfolio
A sleek mobile app lets you trade on the go. It’s well-designed and offers features similar to the web platform, making it convenient if you prefer mobile trading
Up to 5.1% interest on uninvested cash is available, appealing to hands-off investors
The Smart Advisor tool facilitates a more hands-off approach to investing, with low minimum investments and automatic rebalancing
The $0 minimum deposit and availability of fractional shares make broker highly accessible for beginners and those on a budget
The flagship charting platform offers comprehensive analysis tools including 60+ indicators, plus deep fundamental data
Webull maintains its strong reputation, with regulation by in the US and UK and a clean track record
Webull is a low-cost broker, offering commission-free trading on many assets and zero inactivity fees
Alongside the investment account, the broker offers IRAs for those with long-term financial goals
The broker offers free stocks to newly registered investors
Cons
Experienced traders who rely on sophisticated technical analysis tools will find Trading 212’s charting features to be somewhat basic, especially compared to alternatives like IG
While Trading 212 offers leveraged trading through CFDs, there are restrictions on leverage for certain instruments. If you want high leverage for your strategies, you will find these limitations constraining
There’s no copy trading, a significant drawback given Trading 212's client base is largely beginners and brokers like eToro offer this feature
There is no support for algorithmic or automated trading, nor third-party apps like MetaTrader 4, which will deter advanced traders. IC Markets ticks these boxes
There are relatively high deposit and withdrawal fees for non-US residents, including a $45 charge for international wire withdrawals
There’s a narrow range of payment methods available compared to competitors, with just ACH, ACATS and wire transfers available
There’s only one platform on offer, with no additional third-party tools
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
iOS App Rating
Android App Rating
Margin Trading
Yes
Yes
Margin Rate
5.49% - 9.49%
MetaTrader 4
No
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
Yes
No
ECN Account
No
No
DMA Account
No
No
MAM Account
No
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
Yes
Negative Balance Protection
Yes
No
Market Maker
Yes
No
P2P Trading
No
No
Spot Trading
No
Yes
Auto Trading
AutoInvest Portfolio
Copy Trading
No
No
Social Trading
Yes
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
Yes
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$0
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
CAD
SEK
NOK
DKK
CHF
PLN
CZK
HUF
USD
Commodities
Gold
Silver
Gasoline
Oil
Copper
Palladium
Coffee
Cotton
Platinum
Corn
Sugar
Cocoa
Livestock
Wheat
Soybeans
Natural Gas
Lead
CFD
Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors.
Leverage
1:30
1:4
FTSE Spread
2.5
GBPUSD Spread<
0.00028
Oil Spread
0.4
Stocks Spread
0.2% Var
$0
Forex
Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record.
Webull offers a small range of 17 currencies - far fewer than the 40+ offered by most competitors. Forex can be traded on the feature-rich investing app, offering 50+ customizable indicators plus dozens of technical signals. Beginners can also utilize demo mode with unlimited virtual cash.
