Share Trading comparison
Marketech Focus vs Webull
The biggest difference between Marketech Focus and Webull is reach. Marketech Focus is a pure ASX broker with CHESS sponsorship and a $20/month fee, while Webull offers ASX and US stocks, options, crypto, and fractional US shares — all with zero platform fees. One is a focused Australian tool; the other is a global trading app.
Choose
Marketech Focus
if…
- ›You want CHESS sponsorship and your own HIN for direct ASX share ownership
- ›You're willing to pay $20/month for a clean, no-frills ASX-only experience
- ›You want free research reports included in your subscription
- ›You value dividend reinvestment plans (DRP) on your ASX holdings
- ›You prefer a smaller, Australian-owned private company as your broker
Choose
Webull
if…
- ›You want zero platform fees and ultra-low ASX brokerage (from $1 or 0.03%)
- ›You trade US stocks, US ETFs, or fractional US shares — Webull holds a USD account
- ›You want options trading, crypto trading, or access to Hong Kong and China A-shares
- ›You want auto-invest / DCA functionality with weighted allocation
- ›You value a demo account for practice trading and 24-hour in-app chat support
Where they differ
| Fact | Marketech Focus | Webull |
|---|---|---|
| Monthly platform fee | $20/month | $0/month |
| ASX brokerage minimum | $5 or 0.03% | $1 or 0.03% (ASX ETFs: $0) |
| US shares supported | No | Yes (with USD account and 0.005% FX spread) |
| CHESS sponsorship | Yes (individual HIN) | Yes (individual HIN) |
| Dividend reinvestment (DRP) | Supported | Not supported |
Verdict
Pick Marketech Focus for CHESS-sponsored ASX investing with DRP; pick Webull for zero fees and global market access.
Cost calculator
What would Marketech Focus 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 | Marketech Focus | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | chess | chess |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | — | Yes |
| Company account | — | Yes |
| Trust account | — | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | Cboe Australia, NSX (National Stock Exchange of Australia) | 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 |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | No | Yes |
| Market data fees | $20/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | $5 | $1 |
| ASX brokerage percentage | 3% | 0.03% |
| ASX brokerage threshold | $16,667 | $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 | $20/month | $0/month |
| Annual platform fee | $240/year | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Marketech Online Trading Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 337,927 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,021 | 2,022 |
| Parent / ownership | Australian-owned private company; AFSL backing from Sanlam Private Wealth Pty Ltd; trade execution via OpenMarkets Australia Limited | 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 | $0 | $0 |
| Deposit methods | Bank transfer (to Macquarie CMA), Direct credit | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+2 | T+2 for ASX; T+1 for US |
| Withdrawal time | Same-day to 1 business day (via Macquarie CMA) | 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 | No | Yes |
| Free real-time market data | No | No |
| Free research reports | Yes | No |
| 2FA support | — | authenticator |
| Customer support channels | email, support portal | Phone, Email, In-app chat |
| Support hours (AU time) | — | 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 |
| Distribution component breakdown | Yes | — |
| 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 | Yes | Yes |
| Auto-invest / DCA | No | Yes |
| Auto-invest sophistication | none | weighted |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | No | Yes |