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SelfWealth
3.9 from 520 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
    4.3 (82)
  • Rates and Fees
    4.6 (30)
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Josh
JoshNorth Queensland, QLD
  • 4 reviews
  • 2 likes

Taking on the banks but not as secure as the banks...

published

To take on the banks it should be just as secure as the banks imho. With my bank account it sends me an sms code to verify its me that's made any changes to my account such as changing the password or my address details. SelfWealth doesn't do that... if you leave your pc logged in to your trading account whilst you go to the toilet anyone in your house/office/library with physical access to your pc can just change the nominated bank acc, contact email and acc password then withdraw all your funds to their own bank account... Please fix this security flaw asap!

Transparency
4/5
Rates and Fees
5/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth
HIA
HIASydney, NSW
  • 7 reviews
  • 6 likes

Bad support & poor non-transparent Fx - will move elsewhere for US stock

published

I'd say OK for ASX, but terrible for US (Fx rates).

I was looking for single platform for both ASX & US, but now decided to move out for US market.
It appeared the amount I lost due to Fx conversion is much higher than trade cost one can save. They deducted more than 0.6 bps spread even before I started any trade for US and then support folks kept repeatedly sending copy paste links of pages from somewhere without even bothering to look at specific transaction. I guess this is how Low-cost companies work - so no complain. Just 'buyer be aware'! Don't expect support to explain any transaction details, even if it appears dodgy.

Transparency
1/5
Rates and Fees
4/5
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Good and getting better

published

I like the fixed fee rate of less than $10 per trade. Recent improvements include faster transfers for funds both in and out. The platform is clear and easy to use.

Transparency
4/5
Rates and Fees
5/5
Incentivised Review No
Flint Family A.
Flint Family A.Sydney, NSW

Good price and good service

published

I got onto SelfWealth for the low rates. In addition the service has been good and they are responsive to questions. Some minor hassles with transfers but overall very good.

Transparency
4/5
Rates and Fees
4/5
Incentivised Review No
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Good price and service, would like more advanced services

published

Very happy with the broking service. The instant fund transfer implemented recently is a great improvement. Dividend payments should also be included in instant transfer, or at least on the day of payment. Would also be fantastic to have conditional trading, and trading of options and warrants.

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
Mat
MatNorth Queensland, QLD

Love it!!!

published

Excellent platform to start on,very easy to use and very low trading rates!!
I haven’t had any problems so far,
I’m a first time trader and SelfWealth have made my trading easy!!!

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
StanTheMan
StanTheManSydney, NSW
  • 4 reviews

Great intro to share trading, very responsive

published

Apart from whatever's in superfund; I am new to buying shares this way and found SW to be fantastic. If you take the time to browse around the site there is heaps of info and links. I like ethical and sustainable investments and I have found a few through SW. Could use a little more practical nous on live chat but hey - $9.50 a trade? That's value.

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No

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Next

Balance of security vs services

published

Service and rates are very good, however for smsf registration the documentation and compliance is excess for existing members. It was far too long an ordeal to add a second trading account to comply with my smsf.

Transparency
3/5
Rates and Fees
4/5
Incentivised Review No
David
DavidGreater Melbourne (Outer), VIC

End of Year Tax Statements

published

Have been using SW for a few months now and happy with platform and fees. But may have a major problem in that eSuperfund requires a hard copy (PDF) of the Settlement Account Statement for my SMSF tax return. Seems like SW don’t provide this facility.
Also the breakdown details of the Cash Acct is weird. Recently sold some COH shares- rather than being a single line item there are 11 individual entries, from 1 to 33 shares. All adds up but certainly will be creating a huge amount of work for tax docs.

Incentivised Review No
Forex & Share Trading Platforms

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Darren2028
Darren2028Metropolitan Adelaide, SA
  • 4 reviews
  • 1 like

You get what you pay for

published

Like a lot of things in life, this app is fine when things are fine. When you have an issue or there is something you want to do that the app doesn't allow (which is many things) then your frustrations will start.
The support is what you'd expect for $9 trades. Next to zero. The app and web interface is clunky. You will need other charting tools to function. If you are starting multiple accounts, make sure you get it right the first time as it's very difficult to make changes or get someone who has a clue to help.

Transparency
3/5
Rates and Fees
4/5
Incentivised Review No
Kim H.
Kim H.Sydney, NSW
  • 2 reviews
  • 1 like

Open an account - Quite Confusing

published
Incentivised Review No
SelfWealth
Jarrod P.SelfWealth

Hi Kim. First off, thanks for joining! This isn't the standard experience on SelfWealth at all, I'm sorry it hasn't been as smooth as we'd hope for. Can you get in touch at marketing@selfwealth.com.au and I can help you out?

Edwina M.
Edwina M.Sydney, NSW

Free Trades

published

Cost lost trades, minimal service - but why pay extra if you only trade occasionally to steadily build a portfolio over time?
Use this link when you sign up for 5 free trades [Link Removed].

Transparency
4/5
Rates and Fees
5/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Forex & Share Trading Platforms

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Geetha B.
Geetha B.
  • 3 reviews

Fair value Proposition

published

I started using Selfwealth as a secondary platform purely based on the cost. Now I am slowly transferring my main portfolio since I have what I need with the progressive changes that has been made including being able to have a minor's portfolios. Minor portfolio set up has some glitches but the support towards that is great and I am confident it will be running smoothly very soon.

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No
Peter Burgess
Peter BurgessHunter Region, NSW
  • 2 reviews

Everything I need except price alerts and completely customisable target portfolio.

published

I have not long joined SelfWealth from another broker. The user interface is great and so is the mobile app. I just wish I could set price alerts for stock I n my watch list. Also it is too time consuming to go through other member profile to set a target portfolio for alignment. We should be able to set a cemetery customisable target portfolio based on ticker codes.

Transparency
5/5
Rates and Fees
5/5
Incentivised Review No

Good, but missing a few features

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

Hi Cass! We're working on improving a lot of the platform, live pricing + instant deposits are coming in the next few weeks. We've got a lot of other things in the pipeline to improve the platform. Thanks for your review!

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Questions & Answers

pnkamat2005
pnkamat2005asked

What are your broker to broker share transfer fees for moving the account OUT to other broker?

1 answer
Muhamed
Muhamed

Unfortunately, I don’t have the answer to that but you can chat to one of their team members directly through their website. I hope that helps.

Jennifer H.
Jennifer H.asked

Can I buy the exchange-traded Government Bond here?

No answers
Mick
Mickasked

Do you now have live pricing?

1 answer
Shaun F.
Shaun F.

Yes Mick they now have live pricing and instant transfers.

See all SelfWealth questions

Get an answer from our members and SelfWealth representatives

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