Share Trading comparison
Stake vs Webull
The biggest practical difference between Stake and Webull comes down to CHESS sponsorship versus US trading costs. Stake is CHESS-sponsored, meaning you get an individual HIN and your ASX holdings are registered in your name. Webull is also CHESS-sponsored, so both platforms offer that peace of mind — but their fee structures and market access diverge sharply from there.
Choose
Stake
if…
- ›You want the lowest ASX brokerage for larger trades — Stake charges just 0.01% above $30,000, while Webull's 0.03% rate costs more on bigger orders
- ›You trade US stocks regularly and want to avoid a $49.99/month market data fee — Stake includes real-time US data for free
- ›You want to deposit via Apple Pay, Google Pay, or credit/debit card for instant funding
- ›You value a polished desktop-free mobile experience and don't need a demo account or crypto trading
- ›You want to buy US bonds — Stake supports bonds; Webull does not
Choose
Webull
if…
- ›You trade ASX ETFs exclusively — Webull charges $0 brokerage on all ASX ETF trades, no minimum, no threshold
- ›You want zero-commission US stock trading — Webull charges $0 US brokerage, whereas Stake charges $3 USD minimum
- ›You need options trading or crypto — Webull supports both; Stake offers neither
- ›You want a desktop trading platform, a demo account to practice, and conditional order types for advanced strategies
- ›You trade Hong Kong or China A-shares — Webull opens those markets; Stake only covers Australia and the US
Where they differ
| Fact | Stake | Webull |
|---|---|---|
| ASX brokerage (minimum) | $3 AUD | $1 AUD |
| US brokerage (minimum) | $3 USD | $0 USD |
| Market data fees | $0/month | $49.99/month |
| FX spread (AUD/USD) | 0.55% | 0.50% |
| Options & crypto trading | Not supported | Both supported |
Verdict
Pick Stake for cheaper ASX large trades and free US data; pick Webull for zero-commission US stocks, ETF-only ASX trading, and broader asset access.
Cost calculator
What would Stake 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 | Stake | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | mixed | chess |
| Individual HIN | Yes | 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 | 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 | No | No |
| Bonds supported | Yes | No |
| IPO access | — | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.55% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | Yes | — |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | Corporate actions (dividends, SPPs, rights issues, takeovers) are passed through where mandatory; Stake does not provide a DRP — investors must elect DRP directly with each company's share registry. No published per-event fee. | — |
| costs visible | ||
| ASX brokerage minimum | $3 | $1 |
| ASX brokerage percentage | 0.01% | 0.03% |
| ASX brokerage threshold | $30,000 | $3,333 |
| ASX free trade conditions | No free-trade promotion ordinarily offered; brokerage waived for 12 months on transferred ASX holdings worth A$1,000+ | ASX ETFs: $0 brokerage on all trades, no conditions. ASX shares: not free — $1 minimum or 0.03% (whichever greater). |
| US brokerage minimum | US$3 | US$0 |
| US brokerage percentage | 0.01% | 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 | $0 | — |
| identity and trust | ||
| Legal entity name | Stakeshop Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 548,196 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,017 | 2,022 |
| Parent / ownership | Privately held (Stakeshop AFSL Pty Ltd group); investors include AGL Energy's former CEO and various private investors | 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 | $20 | $0 |
| Deposit methods | Bank transfer (Osko/PayID), Apple Pay, Google Pay, Debit card, Credit card | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 for ASX; T+1 for US | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-2 business days for AUD (Stake AUS); 2-3 US business days for USD (Stake Wall St) | 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 | Yes | No |
| Free research reports | Yes | No |
| 2FA support | authenticator app | authenticator |
| Customer support channels | Email, In-app chat, Help centre | Phone, Email, In-app chat |
| Support hours (AU time) | Business hours AEST/AEDT (approximately Mon-Fri); chat/email response varies | 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 | Yes | Yes |
| Distribution component breakdown | No | — |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | No | Yes |
| Auto-invest / DCA | No | Yes |
| Auto-invest sophistication | none | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | Yes | Yes |