Crypto Exchange comparison
Swyftx vs Webull
Swyftx is a crypto-only exchange, while Webull is a full broker that also offers crypto on the side. That single difference dictates almost everything else: Webull gives you ASX shares, US stocks, options and CHESS sponsorship, but Swyftx has far lower minimums, more deposit methods and 24/7 support. Which one you pick depends on whether you want a crypto specialist or a multi-asset trading platform.
Choose
Swyftx
if…
- ›You want to trade crypto only and don't need ASX or US shares at all
- ›You want to start with zero minimum deposit and buy as little as $1 of crypto
- ›You prefer instant AUD deposits via PayID or OSKO rather than waiting for bank transfers
- ›You want 24/7 customer support via live chat, not just business-hours phone lines
- ›You want a free demo account and free real-time market data without paying for data subscriptions
Choose
Webull
if…
- ›You want to trade ASX and US shares, ETFs, and options alongside crypto in one account
- ›You want CHESS sponsorship and your own HIN so ASX shares are held in your name, not custodied
- ›You want zero-commission US stock trades and $0 brokerage on ASX ETFs
- ›You want a desktop trading platform with advanced charting tools, not just a mobile app
- ›You want fractional US shares and the ability to trade Hong Kong and China A-shares
Where they differ
| Fact | Swyftx | Webull |
|---|---|---|
| Asset scope | Crypto only | Crypto + ASX shares, US shares, US ETFs, options, Hong Kong, China A-shares |
| CHESS sponsorship | Not applicable (crypto only) | CHESS sponsored with individual HIN |
| Minimum initial deposit | $0 | $500 |
| US brokerage | Not available | $0 commission |
| Market data fees | $0/month | $49.99/month for real-time data |
Verdict
Choose Swyftx for pure crypto with low barriers; choose Webull if you want a full brokerage that also does crypto.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Swyftx | 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 | Yes |
| SMSF account | Yes | 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 | 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 |
| 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 | Swyftx Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | — | 536,980 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,018 | 2,022 |
| Parent / ownership | Swyftx Pty Ltd (independent, Australian-owned; co-founders Alex Harper and Angus Goldman remain principal stakeholders) | 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 | $1 | $0 |
| Deposit methods | PayID, OSKO, Bank transfer, Credit/Debit card (Banxa), Credit/Debit card (Stripe), Apple Pay, Google Pay | PayTo, Bank transfer (EFT), International wire |
| Settlement period | — | T+2 for ASX; T+1 for US |
| Withdrawal time | Within minutes via Osko; up to 2 business days for standard bank transfer | 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 | Yes | Yes |
| Free real-time market data | Yes | No |
| Free research reports | Yes | No |
| 2FA support | authenticator | authenticator |
| Customer support channels | Live chat (in-app), Email, Callback | Phone, Email, In-app chat |
| Support hours (AU time) | 24/7 | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | structured courses | structured |
| tax and reporting | ||
| Australian tax statement | Yes | 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 | Yes | Yes |
| Auto-invest sophistication | multiple | weighted |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | Yes |