Selfwealth
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Does the job of investing in shares quiet well. I use both the desktop and mobile version, and I like the ability to create watchlists and price alerts, add stop loss orders with a few simple clicks. I also like the portfolio comparisons with the market, you can do performance analysis over the whole time you have had your account, as well as… Read more · 1
create target portfolios. Reporting is fine too, as I said does the job quiet well and for the price you can't complain.
Cheap brokerage, weak user interface – Selfwealth is currently the only CHESS broker with a flat fee that offers joint accounts (but it is not the cheapest for individual accounts). On the other hand, you do not earn interest on the cash balance in your trading account. For me, the saving in brokerage far outweighs the loss of interest. While the Selfwealth website is OK for trade… Read more · 1
execution, the market data is severely lacking, and the interface is cluttered with information about other people's portfolios that I don't value. I have subscribed to a separate service for real-time market data and charting, and only use Selfwealth for trade execution.
Several other reviewers appear to have encountered unreasonable delays withdrawing funds. I have now tested it, and it took more than 1 hour, but less than 4. To me, that is fine.
I recommend Selfwealth for traders who typically switch their investments every few weeks, or more often, and who don't require an advanced trading interface.
They hold your money for 3 to 4 days before you can withdraw it out! – When i sell shares in any other app such as comsec, i can transfer those funds straight away, and yet in selfwealth, you can transfer the funds out for another 72 HOURS!!!!! then if it falls after 2 pm you have to wait another day!! Crazy. I'll be closing my account. Show details
RUN! AS FAST AS FAR AWAY AS YOU CAN – These guys are crooks. They sold my holdings at below market price. My stop loss at $1.42 was triggered when the market traded at $1.435 I questioned them about it and they said the market traded at $1.42. Then I obtained market data from an independent broker which showed the price at it's lowest point was $1.435 until SelfWealth disposed of… Read more
my holdings at $1.42.
Then they tried to tell you that market traded that low where in fact they are the only ones selling at the new low.
I showed them the volume data and they turned around and said my holding was traded through CHI-X not ASX.
Are you guys aware that these guys will trade your holdings at below market on CHI-X, a different platform?
RUN AS FAR AWAY AS POSSIBLE. They will put you at a loss for their cheap brokerage.
Hi John, your stop loss was triggered at $1.42 (as… Read more
Disappearing units – Hi. I transferred 4000 ORA units 19th June 2020. 4 days later 800 units disappeared. I have attempted chat and email a week ago but sadly no response. The response to my negative review was answered promptly and satisfactorily - it was explained that there was a consolidation. Pity this was not noted on the website as this would not have been a problem to start with.
Hi Gaz, thanks for being a member. It's best to track… Read more
Positive reviews
On behalf of my wife, myself and our SMSF , I would briefly like to share our experiences with Self Wealth. We have been members of SW for almost 10 years, changing to SW to be able to trade shares at a very reasonable and affordable flat brokerage rate, compared to our previous broker's crippling brokerage rates. This was financially rewarding… Read more · 1
and we were finally able to trade more freely. SW has been approachable at all times and especially the Senior Relationship Manager, who has provided friendly and prompt services, and listened to our needs and resolved our issues. On our recommendation, our children and their spouses joined up to SW about 5 years ago, and we all continue to feel a valued part of SW. Alan P. from Viewbank, Vic. ( 25/3/26)
Excellent service. I was able to receive telephone support which I really found useful as I'm not all that tech savvy myself. I highly recommend to anyone looking for a share broker. Show reply
I have been using Selfwealth for over 5 years now. initially in the first 6 months it was just somewhere to " park " money rather than the bank. With a 3 year basic hiatus in the middle , I more recently have found a passion for this trading platform and enjoy learning as I go. The app changed recently which to be honest I wasn't wrapped about however in a few short weeks I have grown accustomed to it and find it a great improvement. Show reply
Negative reviews
The platform is just not easy to use. Charting function is very limited. When I try to withdraw cash, I have to click through a lot of different menu to find it while the Deposit Cash button can easily be found. I don't trust a company setup like this. Also, their FX spreads and turn around time to convert FX is a joke. Slowly selling all my shares and moving on.
Hi Les, sorry to hear you have not found the platform… Read more
I have been with SelfWealth for years. Lately I noticed their conversion rate is the “worst” among all trading platforms! Even thought they claim they follow “points” protocol but when you check and compare with real-time exchange rates and other platforms .. SelfWealth rates are always the worst among all! ! This is the sneaky part where Selfwealth make “extra” money out of users! Always double check your rates before you click the buttons
Hi Annie, thank you for the feedback on FX rates and… Read more
Not a lot of Australian platforms and this looked good compared to the banks and their excessive fees. Generally a good platform, had good experience with it. However, transferring money in and out or converting across AUD-USD is incredible slow, you can pretty much request the transfers and expect it will be with you next week, which is not… Read more
acceptable. Some of teh processes were very slow, print forms and send to emails, etc. Changing bank accounts was a good example of a very slow process. I moved on to Moomoo that were not Australian owned but is fast, much better financial data and much cheaper. The Australian ownership will not be an issue anymore as a Singapore based company is purchasing them.
Recent reviews
Pros: Flat $9.50 Fee: Best value for mid-to-large trades without "percentage creep." Direct Ownership: Shares are held on your own HIN, providing better security than "custodian" models. SMSF Ready: Robust and easy to integrate for super fund management. Cons: US Trading Cost: High currency conversion spreads compared to international-specific… Read more
brokers.
Bottom Line: If you want the security of CHESS sponsorship and trade in larger parcels, SelfWealth is the most reliable "middle ground" in the Australian market. It's my go-to for ASX holdings.
Find out how Selfwealth compares to other Forex & Share Trading Platforms
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Very intuitive and easy to use platform at fixed rates making it easy to trade across both AU and USA stocks. Service has been a standout with account management service very responsive and proactive (thanks Roger!). Show reply
Ripper Service! Really good. I had some questions about my account and someone actually took the initiative to pick up the phone and call me. I never got that in all my years at Nab trade. Thanks to Julian who called to introduce himself as a Relationship Manager. Show reply
I open a smsf account i found the customer service in helping me open it up was very good, once submitted it was approved next day and i was ready to go. Trading Platform very easy to navigate and trading fee very good. Show reply
We add an issue with resetting our password and we asked for assistance. we were extremely happy with the friendly and professional manner in which self wealth helped us. Show reply
Locked out of account, 2FA not working. Rebuilt the Mac OS, and in doing so my 2FA managed to, lock me out of SelfWealth. Leon spent a mile of time with me to get me back in and up to speed on my 2 accounts. Very much relieved as there was heaps going on in the market. Thanks Leon, job well done. Dennis Show reply
As far as Aussie trading desks go Self Wealth has been my go to for spot trading and investing for years now, tech support is great, the UI is simple and easy to navigate, order execution is streamlined and they continue to add exposure to new markets in simple ways - Hong Kong, USA etc. No exchange is perfect so I've submitted a handful of… Read more · 1
feature requests and unlike other monolithic companies they actually respond to these requests and give information about when/if said requests will be implemented and that is refreshing to say the least.
They're a solid company who care about the end user and their experience, highly rated.
Selfwealth is a low cost but full function investment and trading plaform. The trade costs are low from $9.50 per trade, but it offers an easy to use platform that can allow trades across all Australian entities and also access to other markets (US plus others). I've been a user for a bit over 4 months now and I'm very happy. I've got a Relationship Manager to ask any questions of, and thus far I've found the support very good. Show reply
Selfwealth is an easy to use platform for buying, trading and holding shares. They have a great support team who can help you navigate any issues or locate things like reporting. They are also very efficient and cost competitive. Show reply
A couple of years ago I tried unsuccessfully to transfer all of our holdings across from NABTrade. Moving forward we now have Julian as our Relationship Manager and the entire process was much easier with his guidance. We look forward to a lasting relationship with SelfWealth. Show reply
Find out how Selfwealth compares to other Forex & Share Trading Platforms
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I’ve always appreciated the graphics behind the layout of the Selfwealth platform . Easy to track your portfolio and view the dynamic movements of equities. Also value all the information attached to each share ‘under the hood.’ Most valuable has been having Roger who has been able to answer questions by phone. Thank You! Show reply
My accountant of over 40 years recommended SelfWealth, and my daughter also uses them it’s now become a bit of a family thing. From the moment you click onto the SelfWealth website, the sign-up process is incredibly easy and straightforward. If any additional information is required, their team responds quickly and assists you the good… Read more · 1
old-fashioned way, with clear communication and genuine support. They are easy to deal with, highly responsive, and their follow-up is outstanding. I was personally assisted by Leon in getting my application form over the line. He was extremely patient, knowledgeable, and genuinely helpful throughout the entire process. His guidance was spot on. I highly recommend SelfWealth.
An excellent platform to trade large or small amounts in multiple stock exchanges across the world. Tech support is excellent and everybody is friendly and helpful. I have been trading with them successfully for many years. Show reply
Selfweath has been my trading platform for over 6 years. I was able to set up a personal account and another account for my investment entity. The help line was very helpful and the assigned case officer, Leon, has been extremely helpful. Pretty happy with Selfwealth overall. Show reply
Have been with selfwealth for 3 years with two individual accounts, now have just bought over my super fund, very happy with the smooth transition with Leon and Heather guiding me through.. Love the cheap brokerage...... Show reply
I have used the Selfwealth trading platform for a few years now. I like that they have a flat $9.50 brokerage fee, no matter how large the trade is. You can receive free trades when referring a friend (for both you and your friend). I am very happy with the customer service I have received over the years. Show reply
I like so many things about SelfWealth. Firstly, they charge half the brokerage that my earlier online broker did with the same quality research. They give you an option of following other members (anonymous) who are performing better than you do you can compare how you go each day against the Market and against your Target Members. Their app… Read more · 1
allows you to be alerted if a stock hits a set price. But BEST OF ALL is their Technical Analysis weekly webinar (free) with Roger and Jason if you want to invest that way. I didn't before - I do now. Highly recommend SelfWealth.
Great platform which is very transparent, unlike some of the newer players here from lands far far away. They have some work to do on the app; but seeing some changes in recent times. Show reply
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Hi Dan, sorry for your experience in the past. We have… Read more