Share Trading comparison
SelfWealth vs Webull
The biggest practical difference between SelfWealth and Webull comes down to ownership model and cost. SelfWealth is CHESS-sponsored (you get a HIN) but charges $9.50 per ASX trade. Webull is also CHESS-sponsored with a HIN, yet undercuts everyone with ASX trades from just $1 and US trades at $0 — though you'll pay $49.99/month for real-time market data if you want it.
Choose
SelfWealth
if…
- ›You want a simple, no-frills brokerage with zero monthly or inactivity fees and no paid market data add-ons
- ›You trade ASX shares a few times a month and value CHESS sponsorship with an individual HIN at a flat $9.50 per trade
- ›You need a kids/minor account — SelfWealth supports it, Webull does not
- ›You want dividend reinvestment (DRP) on ASX holdings; Webull doesn't offer DRP
Choose
Webull
if…
- ›You trade frequently and want the lowest ASX brokerage in Australia — $1 minimum or 0.03% (whichever is greater)
- ›You trade US stocks and want $0 commission plus near-zero FX spread (0.005%) and fractional shares
- ›You want options trading, crypto trading, or a desktop trading platform with a demo account to practice
- ›You need a CGT report at tax time — Webull includes it, SelfWealth doesn't
- ›You're happy to pay $49.99/month for real-time market data if you rely on live pricing
Where they differ
| Fact | SelfWealth | Webull |
|---|---|---|
| ASX brokerage minimum | $9.50 | $1 (or 0.03% for larger trades) |
| US brokerage minimum | $9.50 USD | $0 USD |
| FX spread (AUD/USD) | 0.6% | 0.005% |
| Market data fees | $0/month | $49.99/month |
| Options trading | Not supported | Supported |
Verdict
Choose SelfWealth for simple, CHESS-sponsored ASX trading with no hidden costs; choose Webull if you trade often and want rock-bottom fees plus US and options access.
Cost calculator
What would SelfWealth vs Webull actually cost you?
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 | SelfWealth | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | mixed | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | 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 | HK | Hong Kong, China (A-shares) |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Crypto trading | — | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | — | No |
| costs hidden | ||
| FX spread (AUD/USD) | 60% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | Yes | Yes |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $9.5 | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | Selfwealth Premium subscribers ($29/month or $240/year) receive 10 complimentary trades annually; otherwise no 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$9.5 | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $27.5 | — |
| identity and trust | ||
| Legal entity name | SelfWealth Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 421,789 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,012 | 2,022 |
| Parent / ownership | Syfe (Svava Pte Ltd, Singapore) | 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 | private | public |
| money movement | ||
| Minimum initial deposit | $500 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | OSKO, BPAY, EFT/bank transfer | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-2 business days | 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 | authenticator app | authenticator |
| Customer support channels | live chat, email, phone | Phone, Email, In-app chat |
| Support hours (AU time) | 10am-4pm AET, Monday-Friday (closed public holidays) | 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 |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | Yes | 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) | Yes | No |
| After-hours / overnight trading | Yes | Yes |