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easy to get going ... NO PAPERWORK !!!!
I set up an account for me and then a subaccount for my grandkid.
All easy and chat support is magic.
Minimum initial BUY order must be >$500 - that represented a bit of a problem if wanted to start low.
The app is great too.
Wonder why I use Westpac or CBA share systems
The only thing negative to say is $500 minimum deposit sometimes is a little hard. Other than that it is a great program,, ,easy for the beginner to follow, thankyou
Great for a noob like me
I don't have any other trading platform to compare, but overall within the 4 weeks that I have been using both the online browser and the app version, I can honestly say its intuitive. ease of buying / selling. I do like some of the snippet info and stock overview. Im up 2.4% and so far very happy.
Great value for low cost investor.
Easy to set up, great phone app and website. Rates of trade super competitive and the fact that I can keep my HIN number and that the shares are actually mine is a great security blanket..
Looks good but takes forever to get verified and start trading - Poor customer service
I created an account so I can trade on American stocks easily. Low fees and the platform looks really good. However the process of creating an account takes 10x longer than you think. Very rigorous. Customer service is available through daytime hours but they are little help.
Long story short, if you plan on using self wealth to trade stocks, you should start your sign up process today and you might be able to trade stocks in 2022
Room to improve
Deposit took longer than a week to reflect on my account, the customer service could be better, and trading platform could be fleshed out a bit more. Otherwise the company is quite new and the price is fair, hope they up their game in the future.
Best platform I've used
Intuitive and simple to use, I have used other platforms in the past and this is hands down the best! Great customer service, saved me a fortune on brokerage and my own HIN gives me peace of mind. Keep up the great work SelfWealth!
Sent a simple email enquiry 18 days ago and received an automated acknowledgement stating: "Resolving your query is a top priority for us, and we will be working hard to ensure we get back to you with a personal response as quickly as possible".
I am still waiting for a response.
Ripping trading platform
As far as platforms go this one is pretty easy to use, I can see what other members are trading on to get ideas and its got a sharp price point
Best trading platform in Australia
Safe and secure as they use CHESS sponsorship yet are a lot less expensive than the banks, I've already saved close to $100. Like their app and the customer service is very responsive.
Too many limitations
I noticed there is too much of a delay between ASX open time and actual trade in this platform. Also, after you sell a stock they hold the money for 72 hours before you can transfer to your account. Even after waiting for 3 days and your money is released, it takes longer for that money to be sent to the nominated account due to transaction delays. But when you deposit money it is almost instantaneous. Valuable trading features like trailing stop loss are also absent.
Easy, intuitive +online support
Relatively new with SW but it is really easy and intuitive to use, no matter you have never used on line brokerage (apps.). SW has transparent flat fee $9.5 per trade. Live chat with SW staff is 10am-4pm per weekdays/trade days, what is "chat with a consultant" ( it is at the bottom of SW page when you are logged out !! but hard to find when you are logged in!?) and a chat is not with a bot!! and they are always there in 1-2 minutes and very helpful! Very quickly fulfilling your buy/sell orders. 90 days of trial but you can start to trade instantly,when you set your account, in a few days. I can really recommend those guys! Thank you SW!
Selfwealth is FUN to use
Have used several trading platforms and based on my experience with SelfWealth, have transferred all holdings to SelfWealth. I prefer crowd based advice rather than brokers. Platform is easy to use and navigate and support is top shelf. Highly recommend.
Value for money
Just started with Self Wealth. Have found the platform easy to use, the set up straight forward, brokerage reasonable and the flow of information not too overwhelming. Generally everything going alright do far
Hi There, Have only been using this for a short while but seems great so far. It is good to be able to see what other people are doing with there portfolios as well.
It's cheap and shows you how to do better.
The consistent cheap brokerage means over time you are saving so much money on your trades, and are able to make decisions without worrying about being out of pocket. Being able to see what other people are investing in again helps you work out what you can be doing differently to achieve better results.
Easy to Use
As a first time investor I've been impressed at how easy SelfWealth is to use and the amount of detail is surprising. The best bit is the price - extremely cheap trading fees.
So far so good.
So far so good. Easy to use for a beginner like myself, and very handy as a learning tool. Would recommend for anyone looking to dip their toe in the ASX
3 days for money to be transferred into Selfwealth account
I hope they eventually come up with PayID. BSB transfers are painfully long. I transfered some funds on the Friday and only got them next Wednesday. Otherwise it's not a bad platform.
Better than Etoro
Account set up was very easy. Refereral program is a good idea as is the 90 day trial of the premium access.I tried to join Etoro prior but they are nothing but trouble.It took 6 weeks to get my money returned.Very happy with Selfwealth and definitely recommend
Good rate and easy to use
SelfWealth was easy to set up, fund my account, transfer to USD and start trading.
The website is fairly user friendly and has a basic tutorial for beginners and good flat rate per trade.
The app on the other hand, although similar in appearance, does not display the US stock portfolio, which is a minor inconvenience.
Great value , good value adds , but do have a problem with the way it encourages you to make more trades.
Great value , good value adds , but do have a problem with the way it encourages you to make more trades for no value to your customer. I think you under estimate your customer bases intelligence on this bvases
Simple to set-up and and manage. Clear fees and I especially like the community focus which is useful for a newcomer to investing and trading.
Looking forward to the new Android app.
I have used Westpac Broking, E*Trade and ANZ prior to Selfwealth. I really think Selfwealth has been the best so far and I plan to stay with for a long time. The low cost brokerage, simple interface and community focus us what makes this very different.
Streamline account opening, slick and ease of use UI, account split is very easy
I managed to open an account 100% online, very efficient. The platform is great, I think it manages to exceed my expectation by allowing me to compare my portfolio with other users. It doesn't come with nice graph or real time quotation (I might be wrong), but for long term investment, I don't buy share that often. I'm not sure whether it is suitable for trader who requires fancy graph or real time quotation, but for me, this is perfect. $10 AUD per trade is lower than bank-based broker, but it is still not cheap, I suspect may be the ...high cost of regulation that keeps most brokerage cost high. I was thinking SelfWealth share price would have done well when I search for brokerage service, it was just that by the time I found SelfWealth, its share price has gone up several 100% confirming that I am not the only one who are impressed by its service. In my honest opinion, for international share trading, SelfWealth offering is not compelling enough, however. For ASX share, more than happy to be with them.
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