Spaceship Voyager vs Webull
Spaceship Voyager is a managed-fund robo-advice platform, while Webull is a full brokerage with DIY trading and options. The biggest practical difference: Voyager handles everything for you inside a unit trust, whereas Webull puts you in the driver's seat with CHESS-sponsored ASX trading, US stocks, crypto and options — but charges $1 minimum on ASX shares.
- ›You want a completely hands-off investing experience with no trading decisions to make
- ›You have a small balance and want to avoid brokerage entirely — Voyager has zero transaction fees on all investments
- ›You prefer a managed fund structure where corporate actions and rebalancing are handled inside the fund
- ›You want to start investing with no minimum deposit and no monthly fee if your balance is under $0 (though $3/month applies otherwise)
- ›You want to trade individual ASX shares and ETFs under your own HIN with CHESS sponsorship
- ›You need options trading, stop-loss orders, conditional orders or after-hours trading
- ›You want access to Hong Kong and China A-share markets alongside US stocks and crypto
- ›You prefer a desktop trading platform with a demo account to practice before committing real money
- ›You want to avoid monthly platform fees entirely — Webull charges $0/month
Where they differ
| Fact | Spaceship Voyager | Webull |
|---|---|---|
| CHESS sponsorship | Custodian model (no HIN) | CHESS sponsored (individual HIN) |
| ASX brokerage | $0 (not applicable — managed fund) | $1 or 0.03% on shares; $0 on ASX ETFs |
| Monthly platform fee | $3/month | $0/month |
| Account types | Individual only | Individual, Joint, Company, Trust, SMSF |
| Markets available | US shares & ETFs only | ASX, US, Hong Kong, China A-shares, crypto |
Choose Spaceship Voyager for set-and-forget managed investing; choose Webull if you want control, CHESS ownership and multi-market trading.
Common questions
How do Spaceship Voyager and Webull compare on chess sponsorship?
Spaceship Voyager: Custodian model (no HIN). Webull: CHESS sponsored (individual HIN).
How do Spaceship Voyager and Webull compare on asx brokerage?
Spaceship Voyager: $0 (not applicable — managed fund). Webull: $1 or 0.03% on shares; $0 on ASX ETFs.
How do Spaceship Voyager and Webull compare on monthly platform fee?
Spaceship Voyager: $3/month. Webull: $0/month.
When is Spaceship Voyager the better choice over Webull?
Pick Spaceship Voyager if you want a completely hands-off investing experience with no trading decisions to make; you have a small balance and want to avoid brokerage entirely — Voyager has zero transaction fees on all investments; you prefer a managed fund structure where corporate actions and rebalancing are handled inside the fund; or you want to start investing with no minimum deposit and no monthly fee if your balance is under $0 (though $3/month applies otherwise).
When is Webull the better choice over Spaceship Voyager?
Pick Webull if you want to trade individual ASX shares and ETFs under your own HIN with CHESS sponsorship; you need options trading, stop-loss orders, conditional orders or after-hours trading; you want access to Hong Kong and China A-share markets alongside US stocks and crypto; or you prefer a desktop trading platform with a demo account to practice before committing real money.
Spaceship Voyager or Webull — what's the verdict?
Choose Spaceship Voyager for set-and-forget managed investing; choose Webull if you want control, CHESS ownership and multi-market 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 | Spaceship Voyager | 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 | No | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | Hong Kong, China (A-shares) | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | 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) | 0.7% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | No | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $0 | — |
| Corporate action fees | Voyager: managed fund structure means corporate actions are handled inside the fund — no investor-level corporate action fees. US Investing: voting and mandatory corporate actions including dividends are free; Voluntary Corporate Actions (VCA) fee of US$100 per action processed. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $1 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | No brokerage applies to Voyager portfolios; investments are made via unit-trust managed funds with no transactional fees, regardless of order size. | 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 | $3/month | $0/month |
| Annual platform fee | $36/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $0 | — |
| identity and trust | ||
| Legal entity name | Spaceship Capital Limited | Webull Securities (Australia) Pty Ltd |
| AFSL number | 501,605 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,017 | 2,022 |
| Parent / ownership | eToro Group Limited (acquired Spaceship 2024, fully owned 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 | AU | Australia |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $0 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | Direct debit, PayTo | PayTo, Bank transfer (EFT), International wire |
| Settlement period | Voyager: T+1/T+2 unit pricing (managed fund). US Investing: T+1 (US standard). | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-2 business days from redemption request to funds in available money balance; additional bank transfer time to external account. | 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 + PIN | authenticator |
| Customer support channels | Email, Phone, Live chat, In-app chat | Phone, Email, In-app chat |
| Support hours (AU time) | Monday to Friday 8:30am - 5:30pm Sydney time (business days only) | 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 | Yes |
| Limit orders | — | Yes |
| Stop loss orders | No | Yes |
| Conditional orders | No | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | No | Yes |