Crypto Exchange comparison
OKX vs Webull
OKX is a pure crypto exchange with zero fees on deposits and withdrawals, while Webull is a full brokerage that happens to offer crypto alongside ASX and US shares. The biggest practical difference: Webull gives you CHESS-sponsored ASX trading and a single login for shares and crypto, whereas OKX is crypto-only with no access to traditional markets.
Choose
OKX
if…
- ›You want a dedicated crypto exchange with zero AUD deposit and withdrawal fees
- ›You trade derivatives like crypto options and CFDs — OKX supports both
- ›You want to start trading with no minimum deposit at all
- ›You prefer 24/7 live chat support and a demo account for testing strategies
- ›You need to deposit via debit/credit card or crypto, not just bank transfer
Choose
Webull
if…
- ›You want CHESS-sponsored ownership of ASX shares with your own HIN
- ›You trade US stocks and ETFs with zero brokerage and fractional shares
- ›You need a single platform for ASX shares, US stocks, ETFs and crypto
- ›You want an Australian tax statement and CGT reports built in
- ›You prefer a publicly listed parent company (NASDAQ: BULL) with regulatory transparency
Where they differ
| Fact | OKX | Webull |
|---|---|---|
| Markets available | Crypto only | ASX shares, ASX ETFs, US shares, US ETFs, Hong Kong, China A-shares, and crypto |
| CHESS sponsorship | Not applicable (crypto only) | CHESS-sponsored with individual HIN |
| Minimum deposit | $0 | $500 |
| Market data fees | $0/month | $49.99/month |
| Account types | Individual and company only | Individual, joint, company, trust, and SMSF |
Verdict
Choose OKX for pure crypto with zero fees; choose Webull if you want CHESS-sponsored shares plus crypto under one roof.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | OKX | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | — | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | 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 | Yes | Yes |
| CFDs supported | Yes | 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 |
| 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 | OKX Australia Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 379,035 | 536,980 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,024 | 2,022 |
| Parent / ownership | OKX Group (Seychelles-headquartered global crypto exchange, formerly OKEx) | 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 | $0 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | PayID, Osko, bank transfer, debit/credit card (via Simplex, MoonPay, Banxa), crypto deposit | PayTo, Bank transfer (EFT), International wire |
| Settlement period | instant (crypto settles on-chain confirmation; AUD via PayID near-instant) | T+2 for ASX; T+1 for US |
| Withdrawal time | near-instant via PayID/Osko (under 30 minutes typical) | 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 | Yes | No |
| Free research reports | No | No |
| 2FA support | authenticator | authenticator |
| Customer support channels | email, live chat, in-app help centre | Phone, Email, In-app chat |
| Support hours (AU time) | 24/7 live chat and email support | 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 | No | Yes |
| Distribution component breakdown | No | — |
| CGT calculator / report | No | 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 | Yes | Yes |
| Auto-invest sophistication | multiple | weighted |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | Yes |