• expired

$0 Brokerage on ETF Buy Orders until 2022 for New & Existing Customers (Was $9.50) @ SelfWealth

6050

For new or existing customers.

Details taken from the site.

  • We’re offering this for ‘buys’ only; we’re trying to get more people into the long-term game of ETF returns so you won’t be able to sell ETFs for free.
  • We’re defining a ‘buy’ as buying units in an ETF with cash from your SelfWealth AUD cash account
  • The order must be filled before the end of the promotion period (the Aussie market chiming shut on January 4), and any orders filled after this date will incur brokerage.
  • This last point won’t matter to 99.999% of you, but just for any high-rollers out there getting excited: SelfWealth is reserving the right to limit the number of free brokerage trades on ETF buys on our trading platform or by any member or portfolio during this promotion if we deem the number of trades to be excessive.

Referral Links

Referral: random (616)

Both referrer and referee get 5 free trades for use within 1 month.

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closed Comments

                    • +1

                      @Francis82: It is better to not check daily or weekly when it comes the passive investing IMO.
                      The downs and ups daily or every few days makes new investors worry and sell

    • +1

      A lot of people like you are trying to look for something better than a 1% interest rate on their savings, thats fair enough. But one thing you must do is to do plenty of reading to educate yourself about investing in the stock market. A good place to start is with the link that Charlie has provided below, the passive investing Australia website. It has info specifically for Australian investors.

    • Check out David Quan’s channel on YouTube. He covers all the topics you have questions for.

      https://youtube.com/channel/UCWyf26ZwMJXrRxc3Yw4iZmw

  • A bit off topic. But anyone has any good recommendations for options trading platform? I don't want to use Commsec or any other big bank.

    • For ASX or Overseas?

      • Asx mainly. Would also appreciate any overseas recommendations.

        • Prepare to get shafted by illiquidity on the ASX.

          In general interactive brokers is a good options for global market access

  • Awesome!!

  • All these upvotes and free brokerage trading better increase my SWF shares I bought at the start of 2021 and have nosedived since haha. Keen to sell at a loss to offset my ABB gains 😃

  • Is there any negative to trying a few of these? eg Stake, Superhero, SelfWealth, Pocket, etc?
    If you end up with some shares in each place is it a hassle for tax or anything else?
    Can you consolidate (if there is any reason to want to) if needed?

    • +3

      STAKE - Would be my new regular at least until 2022 (and then afterwards for non ETF stocks)
      Superhero - All time good - JUST NOT CHESS SPONSERED. BUYING ETFs ARE ALWAYS $0 brokerage
      Selfwealth- Seems to outdated now
      Pocket- No point in having it, when you can literally get CHESS for $1 more/trade.

      COMSEC - PERSONALLY Find it BEST PLATFORM for LIVE DATA (and just knowing prices of my watchlist in the table) - NO other major platform has such simple and great live data page on watchlists. - ALTHOUGH ITS only dud account (no activity, dont buy/trade anything here, Only use it for live data)

      • Cheers, appreciate the reply.

        I was moreso trying to figure out if there is any negative to trying a few if these? They each have pros/cons, lower fees, better ui, FX fees, different markets etc. But if I end up with a thousand dollars of shares in each one does it cause a hassle? Eg keeping an eye on prices, can I do this in one spot regardless or where the shares are, harder to consolidate paperwork at tax time?

        Maybe stupid questions, still new to it, and have only tried pocket so far. Was going to look at selfwealth die to this deal.

        • +2

          I've had the same concerns, apparently you can have multiple HIN's but not too sure if you can just sign up and allocate shares to the same HIN (which would be easiest in terms of paperwork). Theoretically does this mean you can just hop around brokers and take advantage of the promotions they offer? E.G. Pearler free first trade, Selfwealth's free trades until end of this year, then after that use Stake for their $3 trades, all the while using the same HIN? Especially if you're buying the same stock e.g. VDHG and make sure they're under the same ComputerShare anyway

      • For now, Stake is also CHESS sponsered right and with no fee? Is no fee different from $0 brokerage?

        • +1

          no fee till 2022 then reverts to $3. It's very good value for the Australian Market. I've switched from SW to Stake.

          • @w37hsyea: yes. Real good. Will use them for ETF too. Hopefully no strage surprises there.

  • Hope someone can answer this.
    "Which of these platforms allow ETFs to be shorted?"

    I know Betashare has Bear Hedge Fund, but they all have pretty high fees.

    • +1

      Because there’s a cost involved with shorting or buying puts.

  • -2

    Believe it or not Self Wealth is pretty much over, no longer is $9.5/trade is cheapest on market.

    Superhero is ALAWYS $0 for ETFs. HENCE IF YOU BUY MORE THAN SELL Superhero will still be cheaper because no buying cost

    Stake is game changer. $3/trader even better than Open trader (had opened a open trader account now will be closing it, no point of having it when got STAKE ASX)

    • With superhero I was told you dont own the stock tho? Is that true ?

      • Yes superhero is OF a CUSTODIAN model (aka NOT CHESS SPONSERED)

  • do people pay for their premium sub? Got 90 days free but had a quick look, it's not bad but again I guess if you are trading ETFs, all the premium features won't matter too much. It's also tax deductible hence why I'm considering it…

    • Seems like a waste of money

      • Read a few reddit posts seems like that way.

  • I've been in a commercial managed fund for some time now and the returns have been good over time but ETF trading has got my attention. Time to educate myself.

  • Do they have to do credit checks to open an account? will this affect my redit rating?

    If so, I only want to do it once so have to chose between this, Stake and Vanguard.

    The difference is with this you own the shares, and with vanguard they own them with you as the beneficiary (less good if vanguard go bust?)? Is that right?

    Odds of vanguard going under?

    • Selfwealth doesnt do credit checks to open an account

    • +2

      "Odds of vanguard going under?"
      as small as NAB ANZ CBA going under at the same exact time
      if vanguard busted trust me you will have more things to worry than money. (ie your life, world war, alien attacks)

  • I have an account . But when I try to buy it applies $9.50. Do I have y to o do anything specifically to get the $0.00 broker fee? Thanks

    • +1

      $0 Brokerage on ETF Buy Orders until 2022 for New & Existing Customers (Was $9.50) @ SelfWealth

      read the title
      and then again
      and again
      and slower

    • Only for the ETFs mate. Buying normal stocks still costing you the same fees.

  • Anyone got feedback on SelfWealth vs Pearler?

    • Pearler is good for a set and forget setup (like superannuation), SelfWealth is good for everything else.

      Nothing stopping you from having both either, you can freely transfer shares between your two accounts.

  • -1

    slow signup process :(

    • what you mean..took like 5 mins to sign up then 1-2 days to process the app..

      • +1

        yea just mean the review process, think mine was 3 days. others iv signed up for have been same day

  • -1

    Anyone got advice on where to find good etfs to hold

  • Here the list of ETF and their performance:
    https://www.morningstar.com.au/ETFs/PerformanceTable

    So which one is best?

    • -1

      Is this a joke?

      BBOZ BetaShares Australian Eqs Strong BrH ETF -28.84 -13.75 -46.60 -34.13
      BBUS BetaShares US Eqs Strong Bear H CcyH ETF -41.57 -22.73 -58.30 -43.53
      BEAR BetaShares Aus Equities Bear Hedge ETF -13.95 -6.87 -23.71 -14.01

      How is it that these guys are still in business after losing money year after year?

      • +2

        You do realise they bear ETF’s ie they go up in value when the stock market goes down. Of course they haven’t performed well this year.

        • -5

          Like I said. Why are they still operating and/or accepting orders when their performance keeps going down to the right?

          They're shorting in a bull trend and clients are getting rekt hard, 3 years in a row.

          • +1

            @rektrading: They would do well in the next bear market.

          • @rektrading: I'd say anyone bothering to buy those ETFs are more or less day trading them. That and there is always someone who thinks they know better and that the drop is 'just around the corner'. You would have done a few blockies by now if you have been holding 'bear' ETFs long term now.

  • it is not the best investment if you take most of your money to your grave with you.

    • +1

      I'm investing so I can afford the plot!

      I am interested in this surge in etf marketing and popularity. I'm a Riaz scrub though so calling it investing might be an oversell.

      With riaz offering the custom profile now allowing choice of spread; well down to the 1% invested at least, and admittedly much fewer options, though adjusting the distribution and or withdrawing to cash seem to be covered in the monthly fee does this make sense over the brokerage being discussed in this thread?

      I'm likely missing something as a beginner only engaging as hobby of sorts. Are there any major downsides to this approach besides limited options?

  • -1

    For those of you just starting to invest, take your time to read and research before buying

    $10 off is "nice" but if you buying say $1000 worth of an ETF, that is only 1% of the transaction value. You will easily lose more than $10 by picking the wrong ETF

  • I have $200k to
    Invest.

    I am very amateur in this. I am so tired of buying and selling bank shares and making few hundreds of dollars.

    It doesn’t make me rich or poor.

    Is it really true i can get %10 return with safe vanguards like vas?

    • -2

      It's 5% after taxes and 1.2% after inflation.

    • How many days does it take for you to make a few hundred dollars? The 10% is over a year.

    • -1

      Cause you're doing it wrong. Read books, analyse trends, do not FOMO. Do not day or swing trade.
      Invest in small caps and be patient. Aim at selling only after 12 months. Cut your losses and let your winner run.
      Not a financial advice. DYOR

  • Oh wow. So not much difference than putting it in a savings accounts

    • It's way more than "1.2% after inflation".

  • Just applied and saw 3 options :
    New application, transfer HIN and holding, and transfer holding.

    I have HIN in Commsec and prefer to have the same HIN if possible while able to use both commsec and selfwealth. Does it mean "transfer holding" for me or it is not possible?
    Thanks.

    • +4

      It's not possible to have the same HIN in both commsec and selfwealth.

  • Cheeses me off! Extra opened a Vanguard account to buy one of their ETF. Supposed to be free but got hit with a fee.

    Anybody had similar issues?

  • FREE? Does it include ASX stock?

  • +1

    I mentioned this deal on my Stake Post $0 non-EFT-limited, until 01.01.2022, and just thought I'd mention an alternative here for those scrolling through older posts. Peace

  • Is it too late to place a buy order for free brokerage by end of today or tomorrow?

  • +2

    This deal still working!

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