Australia's Best Online Share Trading Platform

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It’s free, no hidden fees.

How share trading works

Buyers & sellers

A stock market like the ASX brings together people who want to sell their shares, and people who want to buy them. Each stock will have a list of orders in the ‘bid’ and ‘offer’ columns, indicating the the prices which buyers and sellers are willing to pay/accept for their shares and the quantity which can be bought or sold for that price.

Orders

To buy or sell a particular stock, an investor must place an order. The order can be to sell or to buy, and will include the code for the stock to be transacted, the quantity and the price. The price can be ‘at market’, which is the current market price for the share, or it can be ‘at limit’, which will only execute the order once the share price reaches that limit.

Contract notes

Once an order has been executed, you, the investor, will receive a confirmation document called a ‘contract note’ from your broker which will include the details of the transaction.

Trade settlement

Shares aren’t exchanged or paid for the instant the trade occurs. Instead, the transaction occurs several days after the trade. Most modern stock exchanges have what’s referred to as T+2 settlement, which means the transaction occurs two business days after the trade is executed.

If you have sold some stock we allow you to trade on the unsettled funds, meaning your cash isn’t tied up in the settlement process. If you want to withdraw the funds though, you must wait for the trade to settle.

Price comparison with Australia's largest online trading platforms

Trade Size SelfWealth CommSec NAB ANZ
$5,001.00 $9.50 $19.95 $19.95 $24.95
$10,001.00 $9.50 $29.95 $19.95 $29.95
$50,001.00 $9.50 $60.00 $55.00 $55.00

Australia's most popular low-cost online share trading platform

Start investing in shares with our beginner-friendly online trading platform

Kristy

Easy, low cost, safe & excellent for first timers

Thanks for helping me take my first steps. SelfWealth was recommended to me for years now, can see why. App works well & got useful replies when I had questions.

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4.4 from 32 reviews
  • Easy account set up process
  • Online customer support to help you place your first trade
  • Automatic reports and integrations to help you with tax for your shares
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Industry-leading security to keep your share portfolio safe

Two-factor
authentication

Enable two-factor authentication (2FA) on your account using a 2FA app to add a second layer of protection on accessing your account.

CHESS Sponsored Share Holdings

Trading ASX shares on SelfWealth are CHESS sponsored. This means that you own the shares directly and in your name. SelfWealth does not hold them on your behalf, unlike other platforms.

Active account security monitoring

Automatic and manual systems are automatically enabled on your account to prevent unauthorised access.

What can I trade with SelfWealth?

Australian Market

Ordinary Shares

Most shares traded on the ASX are ‘ordinary’ shares. Ordinary shares carry no special or preferred rights.

Australian Exchange Traded Funds (ETFs)

ETFs are a type of security which combine features of both stocks and mutual funds. Each ETF is designed to track an index and owns a number of stocks. They are typically very diversified.

Australian Listed Property Shares

A-REITs (Australian real estate investment trusts) give investors access to property assets via the stock market.

Australian Listed Debt Securities

A debt security refers to money borrowed that must be repaid that has a fixed amount, a maturity date(s), and usually a specific rate of interest.

Australian Listed Investment Company shares

LICs are a subset of what the ASX calls listed managed investments. They are funds that you can enter to, and exit out of, on the stock market.

US Market

US Ordinary Shares

Most ordinary shares traded on any major US stock exchange. Over 7,500 securities to choose from!

US ETFs

A range of Equity ETFs, Fixed Income ETFs, Commodity ETFs, and Alternative ETFs traded on the NYSE and Nasdaq

US Notes

A range of debt based securities traded on bothe the NYSE and Nasdaq

American Depository Receipts (ADRs)

Certificates issued by banks in the United States representing shares in stocks from foreign companies.

How it works

1. Create a free account

Just fill out an online application on the website for yourself, a joint account, Self Managed Super Fund (SMSF), trust, company or business and we’ll set you up with a cash account and your personalised trading account. It’s very easy!

2. Transfer money

Easily send money from your bank account to your SelfWealth cash account with a bank transfer from your banking app or with BPAY!

3. Buy stocks

Use our tools to help you research for a company or ETF to invest in or search directly for the one you want. Submit an order using your funds, simple as that!

4. Monitor your portfolio

Track your position on your shares and funds. We will show you what you’re up and down on and the day’s movements on your portfolio.

Trade smarter with our exclusive research tools

Market analysis, a stock screener tool and popular stocks all form part of the suite of tools at your disposal.
Discover new investment opportunities

Use the SelfWealth stock screener to hunt for new investment opportunities. (Coming to the app soon!)

Utilise a range of filters

Including analyst recommendations or the market or index it is located in.

Find what's popular!

We'll show you the most popular stocks of the day.

About SelfWealth

Some of the team

Cath
CEO
Yulia
Frontend Developer
Matt
Head of Customer Support
Tania
Head of Compliance
Josh
Head of Product
Jason
Client Services for US Trading
Jarrod
Head of Marketing
Dave
Sales Manager
Andrew
CTO
Brendan
Head of Sales

And many more developers, customer service team members and support services.

About us

1. Where’s SelfWealth located?

We’re based in Surrey Hills, Melbourne. As we’re an online-only business, we’re not set up to take customers in person. Best to talk to us on live chat or via email!

2. Why SelfWealth was started?

For decades, investment information was controlled by the few. If you managed to get access to a broker, you then paid excessive fees. We set out to make the stock market more accessible to Australians, by introducing Australia’s first flat-fee share trading platform.

3. Who owns SelfWealth?

You can own SelfWealth. We’re publicly listed (ASX:SWF) and over one-third of the company is owned by SelfWealth members. Otherwise, the founder and local institutional investors have a stake in the business. We’re independent of the banks.

4. The people

SelfWealth is lead by CEO, Cath Whitaker, who was most recently in the position of Global Leader of Digital Transformation at Marsh Inc, the world’s leading insurance broker and risk advisor out of the US. Cath returned to Australia in 2021.

The team is 32 people strong and based in Melbourne, although we’re growing quickly so this number will need to be updated regularly…

5. Company values

The company was founded on delivering value and fairness to Australian investors. These values still permeate through the SelfWealth culture, over 9 years on. As Australian investors ourselves, we want to create a great product and ensure we’re helping you achieve your financial goals.

1. Where’s SelfWealth located?

We’re based in Surrey Hills, Melbourne. As we’re an online-only business, we’re not set up to take customers in person. Best to talk to us on live chat or via email!

2. Why SelfWealth was started?

For decades, investment information was controlled by the few. If you managed to get access to a broker, you then paid excessive fees. We set out to make the stock market more accessible to Australians, by introducing Australia’s first flat-fee share trading platform.

3. Who owns SelfWealth?

You can own SelfWealth. We’re publicly listed (ASX:SWF) and over one-third of the company is owned by SelfWealth members. Otherwise, the founder and local institutional investors have a stake in the business. We’re independent of the banks.

4. The people

SelfWealth is lead by CEO, Cath Whitaker, who was most recently in the position of Global Leader of Digital Transformation at Marsh Inc, the world’s leading insurance broker and risk advisor out of the US. Cath returned to Australia in 2021.

The team is 32 people strong and based in Melbourne, although we’re growing quickly so this number will need to be updated regularly…

5. Company values

The company was founded on delivering value and fairness to Australian investors. These values still permeate through the SelfWealth culture, over 9 years on. As Australian investors ourselves, we want to create a great product and ensure we’re helping you achieve your financial goals.

Start trading today

Start trading today

  • Unlimited flat fee $9.50 trades
  • Simple to set up and place your first trade
  • Safe and secure CHESS sponsored share trading

How to set up your share trading account

1. Apply for a free SelfWealth Trading Account
  • Complete the online application form to set up a SelfWealth trading account.
  • This will allow you to trade shares via the SelfWealth platform.
  • This process includes a security check, requiring 100 points of ID (e.g. Drivers licence, Medicare card, Passport).
  • Account types include Individuals, Joint Accounts, SMSFs, Trusts and Companies.
2. Wait for Trading Account Approval
  • Account set up takes approximately two business days, if no additional documents are needed.
  • Your cash account is automatically created (this is held with ANZ). You are the full beneficiary of this cash account.
  • We will transfer your existing Holder Identification Number (HIN) to SelfWealth, or set up a new one if you’ve requested.
3. Start Trading Shares!
  • All trades via SelfWealth are executed, cleared and settled by OpenMarkets.
  • All shares are CHESS sponsored, you are the full legal and beneficial owner of the shares.
  • Only ever pay $9.50 per trade – no commissions, regardless of trade size.

FAQs

Do I have full ownership of my shares?

Yes, following the establishment of your SelfWealth trading account your investments are held in your own name, Trust or SMSF as elected by you on your SelfWealth trading account application. All shares purchased through SelfWealth are CHESS sponsored.

Can I use my existing bank account for trading activities with SelfWealth?

We only allow the use of an ANZ cash account for trading activities. We will automatically open an ANZ cash account for you as part of the SelfWealth trading application process.

How are my shares and cash kept safe?

Your shares are held on your own Holder Identification Number (HIN) which means the shares are directly held in your name, you simply use SelfWealth to view, buy and sell them. Your cash is held in a trust with ANZ (although, it’s not a retail account so you won’t see it in your app or at the bank) and you are listed as the beneficiary. SelfWealth isn’t allowed to move the money without explicit consent from you, for example, if you request to withdraw it.

What’s the minimum amount I can invest?

The first “parcel” size for the ASX is $500, but we’d suggest $600 to cater for fluctuations in price. Once you have your first “parcel” of a company or ETF, you can buy smaller amounts.

Can I transfer from another trading platform to SelfWealth?

Yes, holdings can be transferred into SelfWealth trading from any broker. SelfWealth supports electronic transfer of HINs as part of your SelfWealth application. If you wish to transfer holdings from your existing broker post application, you must complete a ‘Broker to Broker Transfer’ form and submit it to the team.

How does SelfWealth make money?

We earn some money of the brokerage we charge for trades and we keep interest generated from cash sitting in the cash accounts of SelfWealth members.  There is also an option to upgrade to SelfWealth Premium, which lets you access community data. Other than that, there are no hidden fees or commissions. It’s that simple.

What types of trading accounts can I have?

You can open an individual account (one person), a joint account (two people), a Self Managed Superannuation Fund (SMSF), a company, a sole trader or a trust account. We will soon be supporting portfolios for minors (children!).

Which stocks should I buy?

SelfWealth is a trading platform for self-directed investors, we do not provide financial advice. We can’t tell you what to buy or sell, that’s up to you and your own research. We provide plenty of research and information tools though, to help you along your way!

What types of shares can I trade with SelfWealth?

A diverse range of securities listed on the ASX, NYSE and Nasdaq, including: Australian Ordinary Shares, Australian Listed Property Shares, Australian Listed Investment Company shares (LICs), Australian Listed Debt Securities, Australian Exchange Traded Funds (ETFs), US Ordinary Shares, US ETFs, US Notes and American Depository Receipts (ADRs)

What stock research tools do you provide?

Advanced research tools from Refinitiv and exclusive data from our community trends.