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SelfWealth

SelfWealth (page 2 of 8)

3.9 from 528 reviews · View Statistics
See the Best Forex & Share Trading Platforms in 2021 as rated by Australians on ProductReview.com.au.
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Reviews

  • Transparency
    4.1 (93)
  • Rates and Fees
    4.4 (34)
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Reviewer Photos & Videos

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Really helpful once the app is worked out, the information is easy to read and locate. So far, a great app.

published

The app functions and format are major factors and selfwealth provides information concisely and clearly. It provides information in a manner that is understandable and cogent. A well designed application

Transparency
4/5
Rates and Fees
4/5
Incentivised Review No
Larry
LarrySydney, NSW

Some features better than other online brokers.

published

Supporting services are as good and in cases better than other on line brokers. My main problem is with the current reporting system. The Account details each individual ASX transaction. On some orders there can be numerous transactions making up the total sale/purchase. This makes it time consuming to reconcile with the buy/sell confirmation especially if you have an accounting system or/and a SMSF. The system also cannot produce a single page Portfolio. Other than that, the concept of flat rate brokerage is great considering the excellent back up information services.

Transparency
4/5
Rates and Fees
5/5
Incentivised Review No
Geoff Pearce
Geoff PearceMetropolitan Adelaide, SA

So far so good

published

I am new to SelfWealth but all seems OK so far. Brokerage fee is excellent and the interface is quite good.
Only negative point is that you can not trade without having the funds already deposited whereas with Commsec you can make a purchase decision immediately and you then have 2 days to deposit the funds.

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth
Mary A.
Mary A.South-Eastern Region, NSW
  • 6 reviews

Great way to trade!!

published

I have had great success with Selfwealth and not experienced the sort of problems other people have had. The only criticism I have is, yes, the lag time sometimes with sending an email with a query and getting a response. But nothing major.

The best thing about Selfwealth is that they make it really simple to trade and to learn a bit about the companies that interest you unlike some other platforms which are clearly for the more professional trader.

Only downside is it can become very addictive !!!

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
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Good value trades but app needs some work.

published

Considering the target market is the individual investor, a slick app experience should be a cornerstone of SelfWealth's offering. Here's some observations.
1. I know live pricing is in development, so hopefully it comes soon!
2. On the login page I'm told today's earnings. Who cares? I want to know the earnings / loss of my portfolio.
3. If fingerprint login is enabled, it should be automatically available. All the other apps do that.
4. A pie chart of holdings would be nice.
Sub $10 trades for CHESS sponsored trades is great! You should point out that feature more, as places like Superhero seem to undercut you, but they are actually offering an inferior product (IMHO) .
Looking forward to seeing the app develop :)

Rates and Fees
5/5
Incentivised Review No
Mohamed S.
Mohamed S.Greater Melbourne (Inner), VIC

It's Good, but

published

Overall, it's good, responsive, and the flat fee is what made me make the switch from Commsec. But, the lack of live data on the portfolio page is a BIG disadvantage for me. My position prices and market value are always 20 min behind. I would give them 5 stars if that is introduced.

Transparency
4/5
Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Hi Mohamed, thanks for the review and for making the switch! We've got live data in beta at the moment, so will be offering it in the future.

Mohamed S.
Mohamed S.

That's great news! Thank you.

Great

published

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

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review Dash, we're happy to have you onboard. The $500 minimum is imposed by the ASX but once you have $500 in a stock you can buy smaller amounts. E.g. buy $500 of AfterPay, you can then buy $100 of AfterPay.

Dash
Dash

Thank you. So it has to be on the same stock ?

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Joe
JoeSydney, NSW

Great for a noob like me

published

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.

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review Joe!

Dave S
Dave SMurray Region, NSW

Great value for low cost investor.

published

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..

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
Forex & Share Trading Platforms

Find out how SelfWealth compares to other Forex & Share Trading Platforms

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Adele D.
Adele D.Sydney, NSW

Looks good but takes forever to get verified and start trading - Poor customer service

published

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

Incentivised Review No
Halliday
HallidayHobart, TAS

Room to improve

published

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.

Transparency
3/5
Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review Halliday! That's not normal -- it's normally one to two business days but we're working on faster (instant payments) so that will improve. Plenty of platform improvements to come out this year.

Petr
PetrDarling Downs, QLD

Still waiting

published

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.

Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Hi Petr, we respond to emails within a business day typically, so that's far from normal. It'd be best to chat to the team on live chat via selfwealth.com.au, they'll be able to look into it straight away for you.

Forex & Share Trading Platforms

Find out how SelfWealth compares to other Forex & Share Trading Platforms

Know better, choose better.

Compare all
SSchizzle
SSchizzleSydney, NSW
  • 13 reviews
  • 1 like

Too many limitations

published

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.

Transparency
3/5
Rates and Fees
2/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth
Goran S.
Goran S.
  • 2 reviews

Easy, intuitive +online support

published

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!

Transparency
5/5
Rates and Fees
4/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review Goran!

RobT
RobTPerth, WA

Value for money

published

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

Transparency
4/5
Rates and Fees
4/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review Rob!

malcolm
malcolmSouth East Queensland, QLD

Great product

published

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.

Transparency
4/5
Rates and Fees
4/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks Malcom, appreciate the review!

Debbie51
Debbie51Sydney, NSW
  • 8 reviews
  • 11 likes

Easy to Use

published

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.

Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review Debbie! We're happy you chose to join.

SY
SYSydney
  • 4 reviews

3 days for money to be transferred into Selfwealth account

published

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.

Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Thanks for the review SY! There was an issue at ANZ (our provider of cash accounts) earlier in the week, which caused the delay. That transfer time isn't normal.

SY
SY

Oh. That's does mean you won't be considering PayID in the future? If superhero can do it you guys can too.

SelfWealth
Jarrod P.SelfWealth

We're working on faster payments, whether it's a PayID setup or otherwise.

glenn
glennSydney, NSW
  • 7 reviews
  • 2 likes

Good rate and easy to use

published

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.

Transparency
5/5
Incentivised Review No
sfraser72
sfraser72Sydney, NSW

Great value , good value adds , but do have a problem with the way it encourages you to make more trades.

published

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

Transparency
5/5
Incentivised Review No

Very satisfied

published

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.

Transparency
5/5
Incentivised Review No
Thor S.
Thor S.Darwin, NT

Great but could have some extras

published

Great but would be good to have real time prices. Even if this was an added cost or free with a certain number of trades per month e.g more than three

Transparency
5/5
Incentivised Review No
Cherie Schaeffer
Cherie SchaefferSouth East Queensland, QLD

it works well

published

what I like that can buy USA stocks- excellent
Also can see what your profit and loses are easily each day
I would recommend to anyone starting out in stocks and shares

Transparency
5/5
Incentivised Review No
Jonathan
Jonathan
  • 4 reviews
  • 3 likes

Good but could be better

published

Its a great platform however, transferring money takes excessive times, last time I transferred money it took 4 days instead of the 3 they stated as they don't use Osko and the free trades they give you have such a short expiry, the free trades should have a longer expiry date. Other than that its an alright platform.

Transparency
4/5
Incentivised Review No

Good brokerage, but a very limited app and too slow to get funds into trading account

published
Transparency
4/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth
Page 2 of 8

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