Selfwealth

Selfwealth is a low-cost online trading platform designed specifically for Australian residents. It offers a straightforward and cost-effective way to invest in the Australian stock market, including ASX-listed shares and ETFs, as well as U.S. stocks. One of its unique features is the ability for users to hold shares directly in their own name, providing legal ownership of securities.

The platform is known for its simplicity and ease of use, making it accessible to both novice and experienced investors. It includes tools for benchmarking portfolios against other users, which can be particularly useful for gaining insights and comparing investment strategies. Additionally, Selfwealth does not charge inactivity fees, which is a significant advantage for investors who may not be actively trading at all times.

Selfwealth also offers a Premium subscription that provides in-depth insights into high-performing portfolios and market trends, helping users make informed investment decisions. While it may lack some advanced features compared to other platforms, its focus on simplicity and cost-effectiveness makes it a viable option for those seeking a straightforward investment experience.

Selfwealth supports trading on both the Australian and U.S. markets, offering a convenient option for investors interested in diversifying their portfolios across these regions. Overall, it provides a solid choice for Australian investors looking for a low-cost and user-friendly trading experience.