SelfWealth Review Australia – Fees, Features & Is It Worth It?
SelfWealth is a popular Australian share trading platform offering low-cost brokerage on Australian and US shares. In this review, we break down SelfWealth’s fees, features, pros and cons, safety, and whether it’s the right investing app for you.
Looking for the top platforms overall? See our
Best Investing Apps in Australia
What Is SelfWealth?
SelfWealth is an online broker designed for investors who want low-cost share trading and full CHESS sponsorship. It’s best known for its flat-fee brokerage and long-standing presence in the Australian investing market.
SelfWealth Key Features
- Flat-fee brokerage
- ASX & US share trading
- CHESS sponsored Australian shares
- Desktop & mobile platform
- Portfolio tracking tools
SelfWealth Fees Australia
| Product | Fee |
|---|---|
| ASX Trades | Low flat fee |
| US Trades | Low flat fee |
| Account Fee | $0 |
SelfWealth is considered one of the cheapest brokers in Australia for regular investors.
Pros & Cons
✅ Pros
- Low brokerage fees
- CHESS sponsored
- Good reputation
- Easy to use
❌ Cons
- Basic charting
- No advanced trading tools
- Platform design feels dated
Is SelfWealth Safe?
SelfWealth is an Australian-regulated broker. Australian shares are CHESS sponsored, meaning you own the shares in your own name.
Who Should Use SelfWealth?
SelfWealth is best for:
- Beginner investors
- Long-term investors
- ETF investors
- Cost-conscious traders
Not ideal for:
- Day traders
- Options traders
SelfWealth vs Other Investing Apps
SelfWealth competes with platforms like Stake, Pearler, Superhero, and CommSec.
ETF Investing on SelfWealth
SelfWealth supports ETF investing for Australian and US markets, making it suitable for building a long-term diversified portfolio.
Best ETF Investing Apps in Australia
How to Open a SelfWealth Account
- Visit SelfWealth
- Click Sign Up
- Enter your details
- Verify identity
- Deposit funds
- Start investing
Final Verdict – Is SelfWealth Worth It?
SelfWealth is a solid low-cost investing platform for Australians who want simple, CHESS-sponsored share trading. It’s a strong option for beginners and long-term investors focused on low fees.
Compare SelfWealth with other platforms in our
Best Investing Apps in Australia