SelfWealth

SelfWealth Review for traders in Australia: ASIC-regulated, flat $9.50 brokerage with social investing community

SelfWealth is the best-value flat-fee broker in Australia — ASIC-regulated, ASX-listed, with a flat $9.50 per trade that rewards larger transactions. Its social investing community adds a unique dimension. Best for self-directed investors with larger trade sizes who want to minimise brokerage costs. The trade-off: less research depth than bank platforms, but unbeatable value for active traders.

Consensus Rating

The rating evaluates 42 key factors, from regulation and costs to execution, product offering and support. The score combines analysis from multiple experts and competitor comparisons to provide an aggregated and balanced assessment. This reduces individual bias and offers a more reliable reference for broader market consensus.

Alternative Provider

AvaTrade

AvaTrade holds a direct ASIC license in Australia — some of the strongest retail trader protections available in the region. For Australian traders who want genuine regulatory depth alongside a broad instrument range, copy trading tools and AvaProtect trade insurance, it's one of the more complete regulated options on the market.

Review

AvaTrade

SelfWealth is an Australian online stockbroker regulated by ASIC and listed on the ASX. Founded in 2012, SelfWealth is known for its flat $9.50 per trade brokerage fee regardless of trade size, making it particularly cost-effective for larger trades. It offers ASX and international market access (US, UK, Hong Kong), ETFs, and a unique social investing community that allows members to follow and compare portfolios. With over 130,000 members, SelfWealth has built a strong community-driven investing platform.

Available locally?

Foundation

2012

Minimum Deposit

A$ 0

HQ

Payment Methods

Regulators

ASIC

Trades at the Stock Exchange?

ASX:SWF

How to Open an Account

1. Go to the official website >

Visit the app's official website (or download it from the App Store/Google Play) to get started from a trusted source.

2. Open an account

Register, enter your basic information, and set up secure login. If available, enable two-factor authentication for extra protection.

3. Verify your identity

Complete the verification process with the required documents, such as an ID card or passport, and proof of residence (e.g., an electricity bill or bank statement).

4. Add funds

Choose how to use the service: bank transfer, card, or linked account (depending on the app). Check fees, limits, and processing times before confirming, as they may vary.

5. Make your first transaction

Find the function you need in the app, set the amount or limit (if applicable), and confirm.