Share Trading comparison
IG Australia vs Webull
The biggest practical difference between IG Australia and Webull comes down to ownership structure: IG is a CHESS-sponsored broker that gives you a HIN, while IG holds your ASX shares in custody under its own name. That means IG offers $0 ASX brokerage on all trades with no conditions, but you don't get a personal HIN. Webull charges $1 or 0.03% on ASX shares (ASX ETFs are free), but you own them directly under your own HIN.
Choose
IG Australia
if…
- ›You want completely free ASX brokerage — $0 on every ASX share and ETF trade with no minimums or conditions
- ›You trade international markets beyond the US, including the UK, Germany and Ireland
- ›You want to deposit via credit card, PayPal, Apple Pay or Google Pay for fast funding
- ›You want a demo account and structured educational video courses to learn the ropes
- ›You need access to IPOs and don't mind a custodial model for ASX holdings
Choose
Webull
if…
- ›You want your ASX shares held under your own HIN via CHESS sponsorship for direct ownership
- ›You trade US stocks and want fractional shares plus options trading — IG offers neither
- ›You want to automate regular investments with a weighted auto-invest / DCA feature
- ›You trade Hong Kong or China A-shares alongside your ASX and US holdings
- ›You want a lower FX spread (0.005% vs 0.007%) on international trades
Where they differ
| Fact | IG Australia | Webull |
|---|---|---|
| ASX brokerage on shares | $0 (all ASX trades free) | $1 or 0.03% (whichever greater) — only ASX ETFs are free |
| CHESS sponsorship | Custodial model — no individual HIN | CHESS-sponsored — you get your own HIN |
| Fractional US shares | Not supported | Supported |
| Options trading | Not supported | Supported |
| Market data fees | $0/month | $49.99/month |
Verdict
Pick IG for zero-fee ASX trading and broader international markets; pick Webull for CHESS ownership, US options and fractional shares.
Cost calculator
What would IG Australia vs Webull actually cost you?
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All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | IG Australia | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | 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 Kingdom, Germany, Ireland | Hong Kong, China (A-shares) |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | No | Yes |
| CFDs supported | Yes | No |
| Crypto trading | — | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | Yes | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.7% | 0.5% |
| FX spread (other currencies) | 0.7% | 0.5% |
| Holds USD account | Yes | Yes |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | Corporate actions (dividends, splits, rights issues, takeovers) for shares held in custody are processed by IG via Citicorp Nominees; cash dividends are credited net of withholding to client ledger. SPP/rights elections are limited under the custodial model and detailed fees are disclosed in the IG Share Trading Customer Agreement / FSG. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $1 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | $10,000 | $3,333 |
| ASX free trade conditions | $0 commission on all ASX shares and ETFs on the IG Share Trading account (no conditions/minimum trade count). A 0.25% p.a. platform fee on holdings value applies; 0.7% FX fee applies to international trades. | 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 | $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 | IG Australia Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 515,106 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,002 | 2,022 |
| Parent / ownership | IG Group Holdings plc (LSE: IGG) | 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 |
| Deposit methods | bank transfer, BPAY, debit card, credit card, PayPal, Apple Pay, Google Pay | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 (ASX), T+1 (US) | 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 | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | No | No |
| Free research reports | Yes | No |
| 2FA support | authenticator app | authenticator |
| Customer support channels | phone, email, live chat, social media | Phone, Email, In-app chat |
| Support hours (AU time) | 24/5 Monday to Friday (closed weekends) | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | video + courses | 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 | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | No | Yes |
| Auto-invest sophistication | none | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | Yes | Yes |