Crypto Exchange comparison
Caleb & Brown vs Webull
Caleb & Brown and Webull both offer crypto trading, but that's where the resemblance ends. Caleb & Brown is a dedicated crypto brokerage with a personal broker desk and 24/7 support — built for serious crypto investors who want white-glove service. Webull is a full-blown share and crypto trading platform with CHESS-sponsored ASX trading, US options, and fractional US shares, making it a far broader investing toolkit.
Choose
Caleb & Brown
if…
- ›You want a dedicated crypto broker with 24/7 phone, live chat, and WhatsApp support — not just a trading app
- ›You're trading crypto only and don't need ASX shares, US stocks, or options
- ›You value a personal broker relationship and are comfortable with a $500 minimum per trade
- ›You want instant crypto settlement rather than waiting T+2 for funds to clear
- ›You prefer a private, Australian-owned company (now backed by Swyftx) over a US-listed public corporation
Choose
Webull
if…
- ›You want CHESS-sponsored ASX trading with your own HIN — Caleb & Brown doesn't offer shares at all
- ›You trade US stocks and ETFs with zero commission and fractional shares
- ›You want options trading, stop-loss orders, and conditional orders in one platform
- ›You need a desktop trading platform and a demo account to test strategies
- ›You want access to Hong Kong and China A-shares markets alongside crypto
Where they differ
| Fact | Caleb & Brown | Webull |
|---|---|---|
| Trading scope | Crypto only | ASX shares, US shares, US options, crypto, Hong Kong & China A-shares |
| ASX ownership model | Not applicable (no ASX trading) | CHESS-sponsored with individual HIN |
| US brokerage | Not available | $0 commission, 0.005% FX spread, fractional shares |
| Market data fees | $0/month (free real-time data) | $49.99/month for real-time market data |
| Customer support | 24/7 phone, email, live chat, WhatsApp, in-app | Phone Mon-Fri 8:30-18:00 AEST; in-app chat advertised 24-hour |
Verdict
If you only trade crypto and want a broker on call, choose Caleb & Brown. If you want shares, options, and crypto in one CHESS-sponsored account, choose Webull.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Caleb & Brown | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | — | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | 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) | No | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Crypto trading | Yes | 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 | — | Yes |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $0 | — |
| costs visible | ||
| ASX brokerage minimum | — | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX 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$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 |
| identity and trust | ||
| Legal entity name | Caleb and Brown Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | — | 536,980 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,016 | 2,022 |
| Parent / ownership | Swyftx (acquired October 2025; deal announced July 2025, valued ~AUD $100M+/USD $65.8M-$200M range — largest ANZ crypto M&A deal) | 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 | $500 | $0 |
| Deposit methods | PayID, OSKO, Bank transfer (BSB/Account), Crypto deposit | PayTo, Bank transfer (EFT), International wire |
| Settlement period | instant (crypto settlement) | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-3 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 |
| 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 | phone, email, live chat, WhatsApp, in-app | Phone, Email, In-app chat |
| Support hours (AU time) | 24/7 (live chat and broker desk) | 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 | Yes | Yes |
| Sharesight / Navexa integration | — | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | — | Yes |
| Conditional orders | — | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | weighted |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | Yes |