|Inactivity Feees||No Charge||$25 per year||0.50% of your portfolio per year||$63.50 per year||0.50% of your portfolio per year|
Trade US stocks with Australia's most popular low-cost online trading platform. Flat fee Aussie and US stock trading in one place!
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.
Enable two-factor authentication (2FA) on your account to add a second layer of protection on access to your account.
SelfWealth is listed on the Australian securities exchange (ASX) and therefore must report regularly on the state of the company. Other, private companies, are not required to report the status of the company publicly. SelfWealth has been around since 2012.
Automatic and manual systems are automatically enabled on your account to prevent unauthorised access.
Track the US market during trading hours or get a snapshot in the morning before the ASX opens!
All of your US and ASX orders in one place.
There are more than 7,500 stocks to choose from!
Place orders outside of market hours or while the US market is trading.
In order to apply for a US trading account, you must first establish your ASX trading account. Once opened, add US trading to your SelfWealth account via the settings page
When your account is set up, you need to deposit money into your SelfWealth AUD cash account and then transfer it to your USD cash account.
Your money will be in your USD cash account before the US market next opens if you initiate the transfer before 9 am Sydney time.
The only way to get cash into your SelfWealth USD account is by transferring it from your SelfWealth AUD account.
Yes, ask us for a transfer form and you can transfer stocks from your current provider. Check with your current provider as there may be fees involved. We do not charge for transfers into SelfWealth.
For brokerage, we charge $9.50 USD per trade. We charge 0.60% on the spread when moving money between your AUD and USD accounts. All brokers charge this, it’s a competitive spread. There are no account fees on SelfWealth, nor inactivity fees.
Head to the settings page on your account when logged into the website. From there, click the cog next to the portfolio you want to add US trading to.
Dividends from your US holdings will be paid in cash directly into your USD account within 48 hours of the dividend being allocated.
Options or CFD trading may be added to the SelfWealth platform in the future but it will not be available in the immediate term.
You are the beneficial owner of any US holdings with SelfWealth which will be held in custody with Phillip Securities Pte Ltd. Your cash will be held in a Phillip Capital Trust account with Standard Chartered. SelfWealth has no beneficial ownership or right to either your holdings or cash.
W-8BEN forms will be part of the process when you open your US trading account. These are submitted digitally and no fees are attached to this. W-8BEN-E forms (forms for entities, such as trusts) must be filled out and submitted to our team at firstname.lastname@example.org
Transfers from your SelfWealth AUD account to your USD account initiated before 9 am AEST will be available before the next US market open. Transfers made from USD to AUD after 9 am will be available the following business day.