Plus500 vs Webull
Plus500 and Webull are both mobile-first trading apps, but they operate in completely different worlds. Plus500 is a CFD provider — you never actually own the underlying shares. Webull is a genuine broker offering real ASX and US shares under CHESS sponsorship. If you want to buy and hold real stocks, Webull is the only option here.
- ›You want to trade CFDs with leverage on indices, commodities, forex or crypto without owning the underlying asset
- ›You want a demo account and structured educational courses to learn trading strategies
- ›You prefer a lower minimum deposit ($100 vs $500) and more deposit options including PayPal, Apple Pay and Google Pay
- ›You trade 24/7 and want round-the-clock support via live chat, email and WhatsApp
- ›You want zero monthly market data fees and free real-time data included
- ›You want to buy and hold real ASX shares under your own HIN with CHESS sponsorship
- ›You want zero-brokerage ASX ETF trading with no conditions attached
- ›You trade US stocks and want $0 US brokerage, fractional shares, and a dedicated USD account to avoid FX conversion on every trade
- ›You need a full suite of account types — joint, trust, SMSF, and company accounts
- ›You want auto-invest (DCA) with weighted allocation, a CGT report, and Sharesight integration for tax time
Where they differ
| Fact | Plus500 | Webull |
|---|---|---|
| What you actually own | CFD contracts — you never hold real shares | Real ASX and US shares under CHESS sponsorship with your own HIN |
| ASX brokerage | Not applicable — no real ASX shares offered | $1 min or 0.03% for shares; $0 for all ASX ETFs |
| US trading costs | Not available — Plus500 does not offer real US shares | $0 US brokerage, 0.005% FX spread, USD account available |
| Inactivity fee | $10 | $0 |
| Market data fees | $0/month — free real-time data included | $49.99/month for real-time data |
Choose Plus500 for leveraged CFD trading; choose Webull if you want to own real shares with low-cost ASX and US access.
Common questions
How do Plus500 and Webull compare on what you actually own?
Plus500: CFD contracts — you never hold real shares. Webull: Real ASX and US shares under CHESS sponsorship with your own HIN. This is the fundamental difference between the two platforms.
How do Plus500 and Webull compare on asx brokerage?
Plus500: Not applicable — no real ASX shares offered. Webull: $1 min or 0.03% for shares; $0 for all ASX ETFs. Webull is one of the cheapest for ASX ETFs.
How do Plus500 and Webull compare on us trading costs?
Plus500: Not available — Plus500 does not offer real US shares. Webull: $0 US brokerage, 0.005% FX spread, USD account available. Webull is highly competitive for US stock investors.
When is Plus500 the better choice over Webull?
Pick Plus500 if you want to trade CFDs with leverage on indices, commodities, forex or crypto without owning the underlying asset; you want a demo account and structured educational courses to learn trading strategies; you prefer a lower minimum deposit ($100 vs $500) and more deposit options including PayPal, Apple Pay and Google Pay; or you trade 24/7 and want round-the-clock support via live chat, email and WhatsApp.
When is Webull the better choice over Plus500?
Pick Webull if you want to buy and hold real ASX shares under your own HIN with CHESS sponsorship; you want zero-brokerage ASX ETF trading with no conditions attached; you trade US stocks and want $0 US brokerage, fractional shares, and a dedicated USD account to avoid FX conversion on every trade; or you need a full suite of account types — joint, trust, SMSF, and company accounts.
Plus500 or Webull — what's the verdict?
Choose Plus500 for leveraged CFD trading; choose Webull if you want to own real shares with low-cost ASX and US access.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Plus500 | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | No | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | Hong Kong, China (A-shares) | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | Yes | No |
| Crypto trading | — | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 70% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | No | Yes |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | Not applicable — Plus500 only offers CFDs, so users do not participate in real corporate actions (rights issues, SPPs, takeovers). Dividend adjustments on share CFDs are credited/debited to positions automatically. | — |
| costs visible | ||
| ASX brokerage minimum | — | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | — | 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 brokerage percentage | — | 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 | Plus500AU Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 417,727 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,008 | 2,022 |
| Parent / ownership | Plus500 Ltd (UK/Israel, LSE-listed parent) | 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 | AU | Australia |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $100 | $500 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | BPAY, Bank transfer, Credit/debit card, PayPal, Apple Pay, Google Pay | PayTo, Bank transfer (EFT), International wire |
| Settlement period | — | T+2 for ASX; T+1 for US |
| Withdrawal time | Typically 1-3 business days; same payment method as deposit (card, bank, e-wallet). | 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 | Yes | No |
| 2FA support | SMS only | authenticator |
| Customer support channels | Live chat, Email, WhatsApp, Contact form | Phone, Email, In-app chat |
| Support hours (AU time) | 24/7 live chat, email and WhatsApp support | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | structured courses | structured |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| Distribution component breakdown | No | — |
| CGT calculator / report | No | 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 | No | Yes |
| Auto-invest sophistication | none | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | Yes | Yes |