Share Trading comparison
tastytrade vs Webull
The biggest difference is that Webull lets you trade ASX shares under CHESS sponsorship with your own HIN, while tastytrade is a US-only broker with no ASX access at all. If you want to buy Australian stocks or ETFs, tastytrade simply isn't an option. Webull also offers fractional US shares and crypto; tastytrade is built for serious US options traders.
Choose
tastytrade
if…
- ›You want a dedicated platform built for US options trading with advanced tools and conditional orders
- ›You're comfortable with a US broker and don't need ASX, Hong Kong, or Chinese A-share access
- ›You want zero account fees, zero inactivity fees, and no minimum deposit to get started
- ›You prefer a desktop-heavy trading experience with deep education content on options strategies
Choose
Webull
if…
- ›You want to trade ASX shares and ETFs under CHESS sponsorship with your own HIN
- ›You want zero-brokerage ASX ETF trades and low-cost ASX share trading ($1 or 0.03%)
- ›You want a single platform for ASX, US, Hong Kong, and China A-shares plus crypto
- ›You want Australian-dollar deposits via PayTo or bank transfer, local support hours, and an Australian tax statement
Where they differ
| Fact | tastytrade | Webull |
|---|---|---|
| ASX trading | Not supported | Supported (CHESS-sponsored, own HIN) |
| US fractional shares | Not available | Available |
| Crypto trading | Not available | Available |
| Market data fees | $0/month | $49.99/month |
| Minimum initial deposit | $0 | $500 AUD |
Verdict
Choose tastytrade for US options; choose Webull if you want ASX, US, and international markets under one roof.
Cost calculator
What would tastytrade vs Webull actually cost you?
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | tastytrade | 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 | 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) | No | Yes |
| Options trading | Yes | Yes |
| CFDs supported | No | No |
| Crypto trading | — | Yes |
| Managed funds | No | No |
| Bonds supported | Yes | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | Standard US corporate action processing applies (dividends, splits, mergers). Mandatory corporate actions are processed at no fee; voluntary corporate actions (e.g. tender offers) may incur a fee per tastytrade's fee schedule. | — |
| costs visible | ||
| ASX brokerage minimum | — | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | Not applicable — tastytrade does not offer ASX trading. | 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 |
| identity and trust | ||
| Legal entity name | tastytrade, Inc. | Webull Securities (Australia) Pty Ltd |
| AFSL number | — | 536,980 |
| AUSTRAC registration | — | Yes |
| Year founded | 2,017 | 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 | US | Australia |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $0 | $500 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | international wire (USD), ACH (US only), check (US only) | PayTo, Bank transfer (EFT), International wire |
| Settlement period | T+1 (US equities/ETFs, from May 2024) | T+2 for ASX; T+1 for US |
| Withdrawal time | International wire withdrawals to AU typically 3-5 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 | Yes | No |
| Free research reports | No | No |
| 2FA support | authenticator app | authenticator |
| Customer support channels | phone, email, live chat | Phone, Email, In-app chat |
| Support hours (AU time) | Monday-Friday, approx. 7am-5pm US Central Time = approx. 10pm-8am AET (next day). Weekend support limited. No AU business-hours coverage. | 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 | 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) | No | No |
| After-hours / overnight trading | Yes | Yes |