eToro vs Webull
The biggest practical difference between eToro and Webull comes down to ownership structure. eToro holds your ASX shares under a custodian model — you don't get a HIN and can't participate in rights issues, SPPs or shareholder votes. Webull is CHESS-sponsored, meaning your ASX holdings are registered in your own name with your own HIN. That single distinction ripples through almost everything else.
- ›You want zero brokerage on ASX shares — eToro charges $0 on all non-leveraged ASX trades, while Webull charges $1 or 0.03% for ASX shares (ASX ETFs are free on both).
- ›You want to trade CFDs, crypto and 15 international markets from one account — eToro offers a much wider product range including leveraged positions.
- ›You want a low $50 minimum deposit and flexible funding options including PayPal, credit card and Skrill — Webull requires $500 minimum and only bank transfer or PayTo.
- ›You want fractional shares on ASX stocks — eToro supports ASX fractional investing; Webull does not.
- ›You want to avoid paying for market data — eToro gives real-time data free; Webull charges $49.99/month for ASX and US market data.
- ›You want your ASX shares held under CHESS sponsorship with your own HIN — Webull is CHESS-sponsored; eToro is a custodian model and you don't get a HIN.
- ›You want to trade US options — Webull supports options trading; eToro does not.
- ›You want after-hours trading for US stocks — Webull offers extended-hours trading; eToro does not.
- ›You want a desktop trading platform — Webull has a desktop app; eToro is mobile and web only.
- ›You want to integrate with Sharesight or Navexa for portfolio tracking — Webull supports this; eToro does not.
Where they differ
| Fact | eToro | Webull |
|---|---|---|
| CHESS sponsorship | Custodian (no HIN) | CHESS-sponsored (individual HIN) |
| ASX brokerage (shares) | $0 | $1 or 0.03% (whichever greater) |
| Market data fees | $0/month | $49.99/month |
| Minimum initial deposit | $50 | $500 |
| Options trading | Not supported | Supported |
Choose eToro for cheap, multi-asset access with low minimums; choose Webull if you want CHESS sponsorship and options trading.
Common questions
How do eToro and Webull compare on chess sponsorship?
eToro: Custodian (no HIN). Webull: CHESS-sponsored (individual HIN). Webull gives you direct ASX ownership; eToro holds shares in a managed investment scheme.
How do eToro and Webull compare on asx brokerage (shares)?
eToro: $0. Webull: $1 or 0.03% (whichever greater). eToro is genuinely free for ASX shares; Webull only offers free ASX ETFs.
How do eToro and Webull compare on market data fees?
eToro: $0/month. Webull: $49.99/month. Webull charges for real-time data; eToro includes it free.
When is eToro the better choice over Webull?
Pick eToro if you want zero brokerage on ASX shares — eToro charges $0 on all non-leveraged ASX trades, while Webull charges $1 or 0.03% for ASX shares (ASX ETFs are free on both); you want to trade CFDs, crypto and 15 international markets from one account — eToro offers a much wider product range including leveraged positions; you want a low $50 minimum deposit and flexible funding options including PayPal, credit card and Skrill — Webull requires $500 minimum and only bank transfer or PayTo; or you want fractional shares on ASX stocks — eToro supports ASX fractional investing; Webull does not.
When is Webull the better choice over eToro?
Pick Webull if you want your ASX shares held under CHESS sponsorship with your own HIN — Webull is CHESS-sponsored; eToro is a custodian model and you don't get a HIN; you want to trade US options — Webull supports options trading; eToro does not; you want after-hours trading for US stocks — Webull offers extended-hours trading; eToro does not; or you want a desktop trading platform — Webull has a desktop app; eToro is mobile and web only.
eToro or Webull — what's the verdict?
Choose eToro for cheap, multi-asset access with low minimums; choose Webull if you want CHESS sponsorship and options trading.
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | eToro | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | United States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal | Hong Kong, China (A-shares) |
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | No | Yes |
| CFDs supported | Yes | No |
| Crypto trading | Yes | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.75% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $1 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. | ASX ETFs: $0 brokerage on all trades, no conditions. ASX shares: not free — $1 minimum or 0.03% (whichever greater). |
| US brokerage minimum | US$0 | US$0 |
| US brokerage percentage | 0% | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $10 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | eToro AUS Capital Limited | Webull Securities (Australia) Pty Ltd |
| AFSL number | 491,139 | 536,980 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,017 | 2,022 |
| Parent / ownership | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. | Webull Corporation (NASDAQ: BULL), Cayman Islands holding company; originally backed by Hunan Fumi Information Technology (China) with investors including Xiaomi, General Atlantic, Coatue, Lightspeed |
| Country of incorporation | Australia | Australia |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $50 | $500 |
| Minimum subsequent purchase | $50 | $0 |
| Deposit methods | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) | 1-2 business days for AUD bank transfer; 1-5 business days for international wire |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | No |
| Free research reports | No | No |
| 2FA support | SMS + authenticator app | authenticator |
| Customer support channels | Live chat (Club members only), Email / web ticket, Help centre | Phone, Email, In-app chat |
| Support hours (AU time) | — | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | video + courses | structured |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | No | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | No | Yes |