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Selfwealth makes it very user-friendly to invest in shares and ETFs, the layout is simple to understand and instant contract notes when orders are executed, amazing value at $9.50.

Because that's unsatisfactory IMO.It's not a big deal if you are a pure cost averager (eg invest $1k every month no matter what)zipo – Yes, trading (or parking in the account) a large amount.

posted 2018-Jul-17, 11:05 pm AEST

In addition, CommSec may take action in accordance with your Trading Terms and Conditions, including potential trading restrictions and account closure.You deposit money in an account at Selfwealth which is an ANZ account.

For more information please refer to the SelfWealth Terms and Conditions. People will complain about features they need, that’s fine.

posted 2018-May-30, 10:54 pm AEST

posted 2018-Aug-20, 9:37 am AEST posted 2018-Sep-1, 8:56 am AEST

However, if you want to transfer money from the trading account back to your own personal bank account (to use it for normal things) you have to wait for the trades to be settled (a day or two), then the transfer process – which should be an additional day or two.In my early use of Selfwealth I found transferring money to and fro my normal account and the Selfwealth trading account very clumsy, took ages and I often had to chase them up. It's like any other share – you have to be holding on the record date – which is right at that transition period from max value to min value at the turn of the month.For example coming up the ex date is Monday 3rd, the record date the 4th.

Visit this Anyone bought a large parcel of an etf or stock, $200k in one go using SelfWealth?That SelfWealth uses CHESS clears it of shareholding risk, although keep it mind, it uses the services of another broker to do the actual share buying/selling. Optus Business Awards Fintech business of the year. posted 2017-Dec-11, 7:29 am AEST

Hey, I'm new to investing and I've read that both Commsec and SelfWealth seem to be the best platforms for trading.

Apologies for noob Q.

No major online broker does what you say. posted 2017-Dec-11, 3:16 pm AEST So you'd think you could buy early Monday, sell on Wed right?

It's a commitment to settle on T+2 and if I don't have the funds in the account by then, the trade fails.

20 minute delayed access to prices is free, but when you actually go to buy or sell something you can see up to date buy/sell depth.Try to buy at the bid and sell at the offer as best you can.

For now it’s the cheapest trading platform and I would highly recommend it for new traders to use.

I have a relative that has $300k in 3 parcels that he bought in floats years ago and needs to sell.

Best not to rely on a single broker if your capital base is large.Lol, which brokers allows that? posted 2017-Dec-12, 7:55 pm AEST

The disadvantages of self wealth are probably irrelevant.The disadvantage of Commsec is that trades cost twice as much once you're buying a sensible amount of shares (for $2000 of shares $9.50 brokerage is much less than $20)You can establish a commsec account for free for the research and have a selfwealth account for your actual buying and selling.SelfWealth is the way to go, fees are one of the lowest on the markets at $9.50 with no cap on the amount you trade.

I saw (below) that I need to agree to before they can verify my application." Nabtrade vs commsec? I tried to google to read what CHESS sponsored means but I'm still having trouble understanding it!CHESS sponsor is a ledger/system that keeps tracks of who owns what shares and how many of them. My only concern is if you sold some shares, had 50k temporarily in cash because you were about to buy some different shares or transferring out the cash, only to find SelfWeath suddenly freezes their cash accounts. SelfWealth is not entitled to withdraw any amounts from your cash balance in the trust account, except in accordance with a direction from you.

If you're overseas, call us on +61 2 8220 5945.

12 months ago.

If we are unable to verify your identity using information held by a CRA we will provide you with a notice to this effect and give you the opportunity to contact the CRA to update your information held by them or verify your identity using an alternative method acceptable to us.No. Also got a commsec account and the extra DRP units have been added for my holdings there. Because that's unsatisfactory IMO.Look, not wanting to start an argument about "which broker is best" or diss a broker like CMC, but I think "even with CMC" is assuming that CMC is somehow at the pinnacle of full-service brokerage.

Will go have a look see nowHave done exactly what you are suggesting with no regretsNew comments cannot be posted and votes cannot be castAustralian Personal Finance. SelfWealth, Australia's cheapest online broker. posted 2018-Aug-29, 5:53 pm AEST It gives you a choice of several diversified ETFs and looks good for beginners looking to try the stockmarket.

I'd like to know the pros and cons of each, especially for a beginner.Both. Press question mark to learn the rest of the keyboard shortcuts

Saves a HUGE amount in fees. The features, rates and fees displayed in the table are current as at the time of rating but may be different to current rates and fees.

ifa … Press question mark to learn the rest of the keyboard shortcutsCookies help us deliver our Services. posted 2019-Mar-16, 8:09 pm AEST

Email us. posted 2017-Dec-14, 7:15 pm AEST

The bottom shows SelfWealth, NABTrade over 1 year. Will I still be able to view basic info on the free tier?I have never paid for data access on CMC.

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