share trading alternatives

Alternatives to Webull

Webull is known for low-cost trading with CHESS-sponsored ASX trades from $1 and zero-commission US shares, plus fractional US shares and options trading. It's a strong choice for active traders who want cheap US market access. But you might want an alternative if you need dividend reinvestment (DRP), a kids or minor account, or prefer a platform with a different ownership model or fee structure. We've listed six alternatives worth considering, each with a different angle on fees, features, or account types.

By Investmatch Research Team · Last updated 18 May 2026

#1 alternative

Pearler

Community-focused CHESS-sponsored investing from $6.50. Auto-invest, kids accounts, US fractional shares.

Pearler offers DRP, kids accounts, and a community-focused approach that Webull doesn't match.

ASX brokerage minimum: $6.5(Webull: $1)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(Webull: chess)

Full Pearler breakdown →Side-by-side with Webull

#2 alternative

Stake

CHESS-sponsored ASX trades from $3, plus US shares with fractional ownership.

Stake charges $3 ASX trades with a percentage fee option, useful if you trade smaller amounts.

ASX brokerage minimum: $3(Webull: $1)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(Webull: chess)

Full Stake breakdown →Side-by-side with Webull

#3 alternative

moomoo

CHESS-sponsored ASX trading from $3, US from $0.99. Fractional US shares, no platform fee.

Moomoo matches Webull on options and auto-invest but adds DRP at a $3 ASX minimum.

ASX brokerage minimum: $3(Webull: $1)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full moomoo breakdown →Side-by-side with Webull

#4 alternative

Superhero

Custodian-held ASX & US trading from $2 brokerage. Fractional US shares, no platform fees.

Superhero offers $2 trades and kids accounts, though it uses custodian ownership instead of CHESS.

ASX brokerage minimum: $2(Webull: $1)
ASX ETFs supported: Yes
CHESS sponsorship model: custodian(Webull: chess)

Full Superhero breakdown →Side-by-side with Webull

#5 alternative

SelfWealth

CHESS-sponsored ASX & US trading from $9.50. Auto-invest, DRP, kids & SMSF accounts.

Selfwealth provides DRP, kids accounts, and SMSF support with flat $9.50 trades.

ASX brokerage minimum: $9.5(Webull: $1)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(Webull: chess)

Full SelfWealth breakdown →Side-by-side with Webull

#6 alternative

CMC Invest

CHESS-sponsored ASX trading from $11, plus commission-free US shares and 14 global markets.

CMC Invest offers commission-free US shares, DRP, and kids accounts with CHESS sponsorship.

ASX brokerage minimum: $11(Webull: $1)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full CMC Invest breakdown →Side-by-side with Webull

Common questions

Does Webull support CHESS-sponsored trading?

Yes, Webull is CHESS-sponsored for ASX trades, meaning you hold shares in your own name on the ASX settlement system. This is the same ownership model used by most major Australian brokers.

Can I get dividend reinvestment (DRP) with Webull?

No, Webull does not currently offer dividend reinvestment plans. If DRP is important to you, look for a broker that lists DRP as a supported feature. Several CHESS-sponsored alternatives do offer it.

Does Webull offer a kids or minor account?

No, Webull does not provide accounts for minors. If you want to invest on behalf of a child, you'll need a broker that supports minor or trust accounts. Several Australian brokers offer this feature.

What are the main fees on Webull for ASX and US trading?

Webull charges $1 minimum brokerage for ASX trades (0.03% for larger trades) and $0 commission for US trades. There is no monthly platform fee. US fractional shares are also available at no extra cost.

Back to

Webull full breakdown

All platforms

Compare matrix — every platform, every fact