Please read the sidebar and observe sub rules when posting.Looks like you're using new Reddit on an old browser. What I would do if I were in your situation is to keep both active: Commsec for when you want to quickly jump on a trade, and SelfWealth for more methodically-planned trades. The first is a planning document that helps you set a monthly budget -it's available either as a download that works with excel or google sheets or, if you prefer, I've embedded into a webpage.Information on how to use this in this article on my website.. Good to know dividend income seems to be counted. ?I use them. Brokerage is nice and low.
I've read a lot of different posts and reviews about SelfWealth - but what wasnt clear was that SelfWealth don't offer T+2. That's 10 x $9.50 = $95 of free money right there. 2. And yes, you are allowed to have more than one HIN – no restrictions on this.I assume your HISA balance is sufficiently high for any of this to matter.Personally, it would be rare that a ‘missed opportunity’ of 2 days would make a material impact as I invest with a long-term view. I’ve met the general manager and the sales director. level 2 Backed by $100m in seed funding by ETFS Capital in October 2019.
I just don't see the value proposition, and that's fine; SelfWealth still makes its $9.50 from me . Sometimes this is beneficial as you can quickly buy stocks.However, seems they don't operate that way.
It’s really a pain to wait for 2-3 days to get the funds in.I read a reply from them elsewhere that they're working with ANZ to implement a quicker type of transfer. SelfWealth is not entitled to withdraw any amount from client cash balances in the trust account, except in accordance via a direction from you, the client. (Vic Labour Day)Yeah, you can move it back. I don't really trade so the annoyances seem to be OK for long-term investing.Market depth and live pricing were added in under the Premium offering ($20 / month) as there's a cost associated with providing that data, charged to us by the ASX. two accounts for two types of trades - im mostly a long term hold ETF/LICs but I do have some satelite shares as wellYes that is the biggest problem with Selfwealth, cant belive they still need to wait 2 days.I am thinking of going with CommSec just to get T+2 payments.To be fair, all trading platforms operate in this manner, except Commsec. Haven't seen that mentioned anywhere?New comments cannot be posted and votes cannot be castAustralian Personal Finance. Are there any hidden fees/anything else I should know about?As I plan to invest in ETFs, I don't anticipate trading often - but just want to know the shares are safe and secure.I recently signed up with them and transferred my existing holdings over as well. They offer 5 free trades if you signup using a referral link and I've placed two orders and have not been charged any fees as of yet. Turn on every single button/tap/machine you can find. I might not even ever sell those shares if the share price doesn't go up enough. Most stockbrokers don't have T+2 though.
Just a small company albeit listed now. The site may not work properly if you don't If you do not update your browser, we suggest you visit Press J to jump to the feed. Does anyone know whether Opes Prime was CHESS sponsored and whether something similar could happen to SelfWealth?Great app, lowest fees I've found and the social aspect of the service is nice but not essential.Hi all, another question: I have read that SelfWealth keeps your cash account in its name (not yours), does this mean if they go bankrupt you could lose all the money in that account?From their FAQ page: "The SelfWealth TRADING Cash Account is a Trust Account held in SelfWealth’s name as bare trustee for you; monies are held by ANZ. I see. Is it a legit service? I think maybe SelfWealth just isn't built for trading where timing is really important.I still see SW as basically a no frills cheap solution for buy and hold.I like the performance reporting of myself against the market.