Robo Advisor comparison
Spaceship Voyager vs Webull
Spaceship Voyager is a managed-fund robo-advice platform, while Webull is a full brokerage with DIY trading and options. The biggest practical difference: Voyager handles everything for you inside a unit trust, whereas Webull puts you in the driver's seat with CHESS-sponsored ASX trading, US stocks, crypto and options — but charges $1 minimum on ASX shares.
Choose
Spaceship Voyager
if…
- ›You want a completely hands-off investing experience with no trading decisions to make
- ›You have a small balance and want to avoid brokerage entirely — Voyager has zero transaction fees on all investments
- ›You prefer a managed fund structure where corporate actions and rebalancing are handled inside the fund
- ›You want to start investing with no minimum deposit and no monthly fee if your balance is under $0 (though $3/month applies otherwise)
Choose
Webull
if…
- ›You want to trade individual ASX shares and ETFs under your own HIN with CHESS sponsorship
- ›You need options trading, stop-loss orders, conditional orders or after-hours trading
- ›You want access to Hong Kong and China A-share markets alongside US stocks and crypto
- ›You prefer a desktop trading platform with a demo account to practice before committing real money
- ›You want to avoid monthly platform fees entirely — Webull charges $0/month
Where they differ
| Fact | Spaceship Voyager | Webull |
|---|---|---|
| CHESS sponsorship | Custodian model (no HIN) | CHESS sponsored (individual HIN) |
| ASX brokerage | $0 (not applicable — managed fund) | $1 or 0.03% on shares; $0 on ASX ETFs |
| Monthly platform fee | $3/month | $0/month |
| Account types | Individual only | Individual, Joint, Company, Trust, SMSF |
| Markets available | US shares & ETFs only | ASX, US, Hong Kong, China A-shares, crypto |
Verdict
Choose Spaceship Voyager for set-and-forget managed investing; choose Webull if you want control, CHESS ownership and multi-market trading.
Cost calculator
What would Spaceship Voyager 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 | Spaceship Voyager | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | No | Yes |
| Trust account | No | 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 | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | Hong Kong, China (A-shares) | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Crypto trading | — | Yes |
| Managed funds | Yes | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 0.7% | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | No | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Phone trade surcharge | $0 | — |
| Corporate action fees | Voyager: managed fund structure means corporate actions are handled inside the fund — no investor-level corporate action fees. US Investing: voting and mandatory corporate actions including dividends are free; Voluntary Corporate Actions (VCA) fee of US$100 per action processed. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $1 |
| ASX brokerage percentage | 0% | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | No brokerage applies to Voyager portfolios; investments are made via unit-trust managed funds with no transactional fees, regardless of order size. | 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 | $3/month | $0/month |
| Annual platform fee | $36/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $0 | — |
| identity and trust | ||
| Legal entity name | Spaceship Capital Limited | Webull Securities (Australia) Pty Ltd |
| AFSL number | 501,605 | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,017 | 2,022 |
| Parent / ownership | eToro Group Limited (acquired Spaceship 2024, fully owned subsidiary) | 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 | $0 |
| Deposit methods | Direct debit, PayTo | PayTo, Bank transfer (EFT), International wire |
| Settlement period | Voyager: T+1/T+2 unit pricing (managed fund). US Investing: T+1 (US standard). | T+2 for ASX; T+1 for US |
| Withdrawal time | 1-2 business days from redemption request to funds in available money balance; additional bank transfer time to external account. | 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 | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | No | No |
| Free research reports | No | No |
| 2FA support | SMS + PIN | authenticator |
| Customer support channels | Email, Phone, Live chat, In-app chat | Phone, Email, In-app chat |
| Support hours (AU time) | Monday to Friday 8:30am - 5:30pm Sydney time (business days only) | 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 | No | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | — | Yes |
| Stop loss orders | No | Yes |
| Conditional orders | No | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | No | Yes |