Raiz Invest vs Webull
Raiz is a micro-investing app built for hands-off, round-up-and-forget saving into a managed ETF portfolio. Webull is a full-featured brokerage that lets you trade ASX shares, US stocks, options and crypto from one account. The biggest practical difference: Raiz does the investing for you, while Webull gives you the tools to do it yourself.
- ›You want to invest spare change automatically via round-ups and recurring deposits from as little as $5
- ›You prefer a managed portfolio where Raiz picks and rebalances the underlying ETFs for you
- ›You need a kids account or want to start investing small amounts without worrying about brokerage
- ›You don't want to think about order types, market data or which stocks to buy — just set and forget
- ›You want to trade individual ASX shares and US stocks (including options and crypto) from the same platform
- ›You want CHESS-sponsored ownership with your own HIN, not a custodian arrangement
- ›You need joint, company or trust account structures, or you want a desktop trading platform with advanced order types
- ›You want zero brokerage on ASX ETFs and near-zero US trading fees, with a proper USD sub-account
Where they differ
| Fact | Raiz Invest | Webull |
|---|---|---|
| CHESS sponsorship | Custodian model — Raiz holds assets on your behalf | CHESS-sponsored — you get your own HIN |
| Monthly fee | $5.50/month (or $66/year) | $0/month |
| Minimum deposit | $5 | $500 |
| Available assets | Managed ETF portfolios only (no direct shares, no US stocks) | ASX shares, ASX ETFs, US stocks, US ETFs, options, crypto |
| Account types | Individual, SMSF, Kids | Individual, Joint, Company, Trust, SMSF |
Choose Raiz to automate your savings into a managed portfolio; choose Webull if you want to trade markets yourself with full ownership.
Common questions
How do Raiz Invest and Webull compare on chess sponsorship?
Raiz Invest: Custodian model — Raiz holds assets on your behalf. Webull: CHESS-sponsored — you get your own HIN. This affects who legally owns the shares and how quickly you can transfer out.
How do Raiz Invest and Webull compare on monthly fee?
Raiz Invest: $5.50/month (or $66/year). Webull: $0/month. Raiz charges a flat subscription; Webull is free to hold an account.
How do Raiz Invest and Webull compare on minimum deposit?
Raiz Invest: $5. Webull: $500. Raiz is built for tiny starts; Webull requires a meaningful first deposit.
When is Raiz Invest the better choice over Webull?
Pick Raiz Invest if you want to invest spare change automatically via round-ups and recurring deposits from as little as $5; you prefer a managed portfolio where Raiz picks and rebalances the underlying ETFs for you; you need a kids account or want to start investing small amounts without worrying about brokerage; or you don't want to think about order types, market data or which stocks to buy — just set and forget.
When is Webull the better choice over Raiz Invest?
Pick Webull if you want to trade individual ASX shares and US stocks (including options and crypto) from the same platform; you want CHESS-sponsored ownership with your own HIN, not a custodian arrangement; you need joint, company or trust account structures, or you want a desktop trading platform with advanced order types; or you want zero brokerage on ASX ETFs and near-zero US trading fees, with a proper USD sub-account.
Raiz Invest or Webull — what's the verdict?
Choose Raiz to automate your savings into a managed portfolio; choose Webull if you want to trade markets yourself with full ownership.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Raiz Invest | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | No | Yes |
| Trust account | No | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | Hong Kong, China (A-shares) | |
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | — | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Crypto trading | — | Yes |
| Managed funds | Yes | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | — | Yes |
| Market data fees | — | $49.99/month |
| Conditional order fees | — | $0 |
| costs visible | ||
| ASX brokerage minimum | — | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | Brokerage free across all plans — bulk ASX execution is bundled into the monthly subscription / management fee. No fees on deposits, withdrawals, or portfolio switches. | 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 | $5.5/month | $0/month |
| Annual platform fee | $66/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Raiz Invest Australia Limited | Webull Securities (Australia) Pty Ltd |
| AFSL number | 434,776 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,016 | 2,022 |
| Parent / ownership | Raiz Invest Limited (ASX: RZI) — Australian publicly 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 | $5 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | bank_transfer, debit_card, round_ups, recurring_direct_debit | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 (ASX) — applies to fund trading via the underlying ETFs; member contribution settles in ~1-2 business days into the fund. | T+2 for ASX; T+1 for US |
| Withdrawal time | 3-5 business days (T+2 ASX settle, then 1-3 days bank transfer) | 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 | No | Yes |
| Free real-time market data | No | No |
| Free research reports | No | No |
| 2FA support | SMS | authenticator |
| Customer support channels | phone, email, in_app | Phone, Email, In-app chat |
| Support hours (AU time) | Monday-Friday, 8:30am-5:30pm Sydney time | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | basic articles | structured |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | — |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | No | Yes |
| trading mechanics | ||
| Market orders | — | Yes |
| Limit orders | — | Yes |
| Stop loss orders | — | Yes |
| Conditional orders | — | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted/rebalancing | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | — | Yes |