Australian flat-fee online trading platform offering competitive brokerage rates for ASX and US equities.
Trading with SelfWealth for about a year now. The platform is stable and I haven't experienced any downtime during market hours. Charting tools are comprehensive. Margin rates are competitive. Only gripe is that some order types aren't available on mobile, so I need to use desktop for complex trades.
Pros: Stable platform, good charting, competitive margin rates
Cons: Limited order types on mobile app
SelfWealth has a great platform with lots of features. However, the fee structure can be confusing and small trades can be expensive relative to the investment amount. For larger portfolios it makes more sense. Customer service is decent but not outstanding. Worth considering if you trade frequently.
Pros: Powerful platform, lots of features
Cons: Fees confusing and expensive for small trades
As someone who manages a six-figure portfolio, I need a broker I can trust. SelfWealth delivers on all fronts - execution quality, reporting, tax documents, and security. The ISA and pension wrappers are straightforward to use. Transfers from my old broker were handled smoothly. Very satisfied.
Pros: Reliable execution, excellent reporting, smooth transfers
Cons: Minimum deposit could be lower for new investors
I was generally happy with SelfWealth until I experienced platform slowdowns during high-volatility market events. Twice I couldn't execute trades when I needed to most. They offered no compensation. For calm market conditions it's fine, but I can't trust it when it matters most.
Pros: Good in normal conditions, nice interface
Cons: Platform unreliable during market volatility