Selfwealth — At a Glance
Introduction
Selfwealth is an Australian online share trading platform and mobile app designed to give investors a straightforward, flat-fee access to investing in Australian and international markets. Many investors look to it as a cost-efficient option for trading shares (and ETFs) without the complexity or fees of some traditional brokers. Also Download Happy Teen Patti
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Key Features
Here are some of the hallmarks of Selfwealth:
Flat-Fee Brokerage
Trades on the Australian Securities Exchange (ASX) and for U.S. markets use a flat rate of AUD $9.50 per trade.
No percentage-based brokerage where your cost climbs with the size of the trade.
Ownership & Market Access
For Australian shares, Selfwealth uses a CHESS-sponsored structure so you hold your shares in your name (via a Holder Identification Number, HIN).
You also have access to U.S. (NYSE & Nasdaq) and Hong Kong (HKEX) markets via the app.
Mobile + Desktop Platform
There’s a dedicated mobile app (iOS/Android) and a web/desktop portal. The mobile app lets you manage your portfolio on the go.
Account setup is online; you can fund via bank transfer, Osko (for quick Australian bank transfers) etc.
Premium Upgrade
Selfwealth offers an optional “Premium” subscription tier which gives added features such as deeper research, live pricing, investor community features.
Security & Regulatory
Selfwealth holds an Australian Financial Services Licence (AFSL) and is regulated by Australian Securities & Investments Commission (ASIC) for regulated activities.
Two-factor authentication is available for login.
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Why Users Choose Selfwealth
Cost transparency: Knowing you’ll pay the same flat fee regardless of trade size gives certainty and helps for budgeting.
Simplicity: The platform is designed for everyday investors, not just active day-traders, which can make it less intimidating for beginners.
Market diversity: Especially for users wanting both Australian and international exposure, the access to ASX + US + HK is valuable.
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Areas to Consider / Limitations
While Selfwealth offers attractive features, like any platform there are trade-offs and things you should be aware of.
No cryptocurrency trading: If you’re looking to trade cryptos (e.g., Bitcoin, Ethereum), Selfwealth does not support that.
Support & service critiques: Some users report slower response times or lack of phone support; primarily support is via chat or email.
App / UI limitations for advanced traders: For users who need very advanced charting tools, sophisticated order types, or very active trading, the platform may feel more basic compared to some high-end brokers.
Foreign-exchange & conversions: For U.S. market trades, currency conversion between AUD and USD can incur spread/fees and some users have noted these are not the most competitive.
Withdrawing cash: Some reviews mention delays when withdrawing funds or executing particular transfers.
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Suitability: Who It’s Good For
Selfwealth is particularly well suited for:
Investors based in Australia (or with AUD access) looking for low-cost share trading.
Long-term buy-and-hold investors who trade occasionally rather than very frequently.
Investors comfortable with a mobile + desktop platform but who do not require ultra-high frequency trading tools or crypto.
Those who value seeing exactly what brokerage they’ll pay, and prefer simplicity over ultra-complex features.
It may be less suitable for:
Traders who execute dozens/hundreds of trades per month and require ultra-low latencies and advanced order types.
Investors who want to trade cryptocurrencies in the same platform.
Users who prefer live phone-based customer support as standard.
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Practical Tips Before Using
Check whether your brokerage size and trade frequency gives you good value under the AUD $9.50 model. If you only trade very small amounts (say a few hundred dollars) the fee may proportionally be higher compared to some other brokers.
Understand the foreign-exchange implications when trading U.S. or Hong Kong stocks — check the AUD ↔ USD conversion rates and any fees/spreads.
If you are transferring funds in, check the timing (bank transfer vs instant via Osko) and what your funding/cash-settlement timeline looks like so you know when you can trade.
Familiarize yourself with the app’s features (watchlist, portfolio view, reports) and decide if they meet your needs; if you require advanced charting you might need supplementary tools.
Review the Premium offering and decide whether the extra cost is justified for you — you may not need it if you’re comfortable with the basic features.
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Final Thoughts
Selfwealth offers a compelling proposition: a transparent, flat-fee brokerage model, direct share ownership via CHESS, and access across Australian and international markets — all via a relatively simple online/mobile platform. For many investors, especially those in Australia seeking cost-effective trading with minimal fuss, it ticks many boxes.
However, if you are a very active trader, need advanced tools, or seek integrated cryptocurrency trading or world-class live support, then you’ll want to weigh its limitations carefully and perhaps compare with other brokers.
If you like, I can check how Selfwealth’s pricing, features and service stack up right now compared to other Australian brokers (for example CommSec, Stake, etc.) and give you a comparison. Would that be useful?
