Selfwealth future US Share Trading account

barghunt1 on 12/08/2020 - 15:35
Last edited 11/09/2020 - 10:48

Selfwealth have starting dropping tidbits from their official reddit account about their US share trading account when answering questions.

Here's what they've hinted at so far.

You'll need to apply for a US trading account
you'll get a USD cash account which you need to transfer from your AUD account
$9.50 USD flat-fee trades
FX 60 bps

https://old.reddit.com/r/ausstocks/comments/i7lvne/swf_good_…

What do you guys think so far?

Update:11/9/2020

Selfwealth have begun officially promoting the service as coming soon on their website.
https://trade.selfwealth.com.au/us-share-trading

Financial

Related Stores

SelfWealth
SelfWealth

Comments

  • HeavenlyHammocks on 12/08/2020 - 15:44

    eToro claim $0 and 0.5%

    IG claim $0 and 0.7%

    If there's no catch, then eToro sounds cheapest.

    Though I already like SelfWealth for ASX, so I'd probably rather not sign up for eToro anyway.

    • LSGH on 12/08/2020 - 17:10

      will check out selfwealth, but thanks for the tip on eToro, would see their ads on youtube but always thought it was for the North American market only

  • dcep on 12/08/2020 - 17:09

    swf 0.10 in march/april , now 50c ….. going a dollar soon

  • Ghost47 on 12/08/2020 - 19:29

    I think I likey.

  • kipps on 12/08/2020 - 20:11

    I would rather have the convenience of an ASX listed international ETF TBH to avoid FX fees and at least then all equities are in the one place TBH.

    • vis on 12/09/2020 - 12:06

      One place doesn't make it any better as SelfWealth is expensive for US trading, In US market $9.50 USD is too expensive, almost everyone offers free trading in US

  • WreckTangle on 13/08/2020 - 06:05

    US shares require extra tax involvement/paperwork…lots of hassle. If it was me i’d keep it simple and stick with ASX

    • whooah1979 on 13/08/2020 - 07:54

      Traders may do away with paperwork by using platforms that are registered in jurisdictions outside of where the equities are based.

  • barghunt1 on 20/08/2020 - 10:34

    Selfwealth have just provided some more information on their plans for self wealth US trading if anyones interested. Here's the link:

    https://old.reddit.com/r/AusFinance/comments/ick9fj/psa_deta…

  • [Deactivated] on 20/08/2020 - 11:05

    Hopefully US options are in the pipeline. We need a Robinhood in Australia

  • barghunt1 on 11/09/2020 - 10:48
    +1

    Selfwealth have begun officially promoting the service as coming soon on their website.

    https://trade.selfwealth.com.au/us-share-trading

Login or Join to leave a comment
Login Join