Robo Advisor comparison
Stockspot vs Webull
Stockspot and Webull are both Australian investment platforms, but they serve completely different investors. Stockspot is a robo-adviser that builds and manages a diversified ETF portfolio for you — you pay a single monthly fee and they handle everything. Webull is a full-featured brokerage where you pick your own stocks, ETFs, options and even crypto, with zero platform fees but a CHESS-sponsored structure for ASX trades.
Choose
Stockspot
if…
- ›You want a hands-off managed portfolio and don't want to pick individual investments yourself
- ›You value automatic rebalancing and dividend reinvestment handled for you inside the management fee
- ›You're starting with at least $1,000 and want a simple all-inclusive fee with no brokerage costs
- ›You need SMSF, trust, company or kids accounts — Stockspot supports all of them
- ›You want a robo-adviser with a CGT report and distribution breakdown included, not a DIY brokerage
Choose
Webull
if…
- ›You want to trade US stocks, US ETFs, options and crypto from a single Australian account
- ›You prefer to buy and sell individual ASX shares (not just ETFs) with CHESS sponsorship and your own HIN
- ›You want zero monthly or annual platform fees and only pay brokerage when you trade
- ›You need fractional US shares, after-hours trading, and a desktop trading platform with advanced order types
- ›You're a smaller starter — the minimum initial deposit is $500 and there's no minimum for subsequent buys
Where they differ
| Fact | Stockspot | Webull |
|---|---|---|
| Fee model | $12/year platform fee + 0.26%-0.99% p.a. management fee (all brokerage included) | $0 platform fee + $1 or 0.03% ASX brokerage (ETFs free); US trades free |
| CHESS sponsorship | Custodian model (Stockspot holds assets on your behalf) | CHESS-sponsored (you get your own HIN for ASX holdings) |
| US stocks & ETFs | Not supported | Supported, with fractional shares and 0% US brokerage |
| Minimum initial deposit | $1,000 | $500 |
| Options & crypto trading | Not supported | Options and crypto trading both supported |
Verdict
Choose Stockspot if you want a set-and-forget managed portfolio; choose Webull if you want a DIY brokerage with US and crypto access.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Stockspot | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | — | 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 | 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) | No | No |
| Fractional shares (US) | — | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Crypto trading | — | Yes |
| Managed funds | No | 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 | No | Yes |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | — | $0 |
| Corporate action fees | Corporate actions (DRP, dividends, distributions) are handled automatically and included in the management fee. No separate corporate action fees disclosed. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | No brokerage charged at all - all trades (rebalancing, buys, sells) included in the all-inclusive monthly management fee. | 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 | $1/month | $0/month |
| Annual platform fee | $12/year | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Stockspot Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 536,082 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,014 | 2,022 |
| Parent / ownership | Independent / privately held (founder Chris Brycki; shares common major shareholder with Global X Australia) | 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 | $1,000 | $500 |
| Minimum subsequent purchase | $500 | $0 |
| Deposit methods | Bank transfer (EFT), BPAY, Direct debit (recurring) | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 (ASX standard) | T+2 for ASX; T+1 for US |
| Withdrawal time | Typically 2-5 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 |
| Free research reports | No | No |
| 2FA support | authenticator-app | authenticator |
| Customer support channels | phone, email | Phone, Email, In-app chat |
| Support hours (AU time) | Monday-Friday 9am-5pm AEST | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | structured-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 | No | Yes |
| Stop loss orders | No | Yes |
| Conditional orders | — | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted-rebalancing | weighted |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | No | Yes |