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 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.
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.
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.
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.
| 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
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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Enable two-factor authentication (2FA) on your account using a 2FA app to add a second layer of protection on accessing your account.
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.
Automatic and manual systems are automatically enabled on your account to prevent unauthorised access.
Australian Market Most shares traded on the ASX are ‘ordinary’ shares. Ordinary shares carry no special or preferred rights.
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.
A-REITs (Australian real estate investment trusts) give investors access to property assets via the stock market.
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.
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 Most ordinary shares traded on any major US stock exchange. Over 7,500 securities to choose from!
A range of Equity ETFs, Fixed Income ETFs, Commodity ETFs, and Alternative ETFs traded on the NYSE and Nasdaq
A range of debt based securities traded on both the NYSE and Nasdaq
Certificates issued by banks in the United States representing shares in stocks from foreign companies.
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!
Easily send money from your bank account to your SelfWealth cash account with a bank transfer from your banking app or with BPAY!
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!
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.
Discover new investment opportunities
Use the SelfWealth stock screener to hunt for new investment opportunities. (Coming to the app soon!)
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Including analyst recommendations or the market or index it is located in.
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We’re based in Melbourne’s CBD. 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!
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.
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.
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…
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.
We’re based in Melbourne’s CBD. 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!
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.
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.
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…
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.
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.
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.
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.
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.
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.
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.
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!).
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!
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)
Advanced research tools from Refinitiv and exclusive data from our community trends.
