SelfWealth vs Totality Wealth
The biggest practical difference between SelfWealth and Totality Wealth comes down to cost versus capability. SelfWealth is a straightforward, low-cost broker with CHESS-sponsored ASX trades at $9.50 and a flat US$9.50 for US stocks. Totality Wealth undercuts on brokerage — ASX trades from just $3 and US trades from US$1 — but it's a custodian model with access to 18 global markets, options, CFDs and bonds, making it a far more sophisticated platform for active and international investors.
- ›You want CHESS sponsorship and your own HIN for direct ASX share ownership
- ›You prefer a simple, no-frills platform with zero monthly or inactivity fees
- ›You want to set up auto-invest / DCA strategies with multiple levels
- ›You need a kids / minor account for investing on behalf of children
- ›You want a flat $9.50 brokerage on US stocks without percentage-based fees
- ›You trade frequently on ASX and want brokerage as low as $3 per trade
- ›You want access to 18 global markets including the US, UK, Japan, Europe and Canada
- ›You need options trading, CFDs or bonds — instruments SelfWealth doesn't offer
- ›You want to fund your account via credit card, debit card, PayPal or Wise
- ›You value a desktop trading platform and a demo account to test strategies first
Where they differ
| Fact | SelfWealth | Totality Wealth |
|---|---|---|
| ASX brokerage minimum | $9.50 | $3.00 |
| US brokerage minimum | $9.50 USD | $1.00 USD |
| CHESS sponsorship model | CHESS (own HIN) | Mixed (custodian with HIN available) |
| Markets available | ASX, US, Hong Kong | 18 markets including US, UK, Europe, Japan, Canada, Singapore |
| Auto-invest / DCA | Yes (multiple levels) | No |
Choose SelfWealth for simple, CHESS-sponsored ASX investing; choose Totality Wealth for ultra-low brokerage and global market firepower.
Common questions
How do SelfWealth and Totality Wealth compare on asx brokerage minimum?
SelfWealth: $9.50. Totality Wealth: $3.00. Totality is dramatically cheaper for frequent ASX traders.
How do SelfWealth and Totality Wealth compare on us brokerage minimum?
SelfWealth: $9.50 USD. Totality Wealth: $1.00 USD. Totality's US trades are a fraction of SelfWealth's cost.
How do SelfWealth and Totality Wealth compare on chess sponsorship model?
SelfWealth: CHESS (own HIN). Totality Wealth: Mixed (custodian with HIN available). SelfWealth gives you direct CHESS ownership; Totality uses a custodian structure.
When is SelfWealth the better choice over Totality Wealth?
Pick SelfWealth if you want CHESS sponsorship and your own HIN for direct ASX share ownership; you prefer a simple, no-frills platform with zero monthly or inactivity fees; you want to set up auto-invest / DCA strategies with multiple levels; or you need a kids / minor account for investing on behalf of children.
When is Totality Wealth the better choice over SelfWealth?
Pick Totality Wealth if you trade frequently on ASX and want brokerage as low as $3 per trade; you want access to 18 global markets including the US, UK, Japan, Europe and Canada; you need options trading, CFDs or bonds — instruments SelfWealth doesn't offer; or you want to fund your account via credit card, debit card, PayPal or Wise.
SelfWealth or Totality Wealth — what's the verdict?
Choose SelfWealth for simple, CHESS-sponsored ASX investing; choose Totality Wealth for ultra-low brokerage and global market firepower.
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | SelfWealth | Totality Wealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | mixed | mixed |
| Individual HIN | Yes | Yes |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | No |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | HK | US, GB, HK, JP, DE, FR, CA, SG, CH, NL, IT, ES, BE, AT, DK, SE, NO, FI |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | No | Yes |
| CFDs supported | No | Yes |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | — | No |
| costs hidden | ||
| FX spread (AUD/USD) | 60% | 0.45% |
| FX spread (other currencies) | — | 0.45% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | Custodian processes corporate actions; proxy voting subscription EUR 30/year + EUR 5 per vote; new instrument requests USD 200 for Platinum / free for VIP legacy tiers; reporting fee USD 50 for Classic email reports. |
| costs visible | ||
| ASX brokerage minimum | $9.5 | $3 |
| ASX brokerage percentage | — | 0.08% |
| ASX brokerage threshold | — | $3,750 |
| ASX free trade conditions | Selfwealth Premium subscribers ($29/month or $240/year) receive 10 complimentary trades annually; otherwise no free-trade conditions. | — |
| US brokerage minimum | US$9.5 | US$1 |
| US brokerage percentage | — | 0.08% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $27.5 | $50 |
| identity and trust | ||
| Legal entity name | SelfWealth Pty Ltd | Totality Wealth Limited (formerly Saxo Capital Markets (Australia) Pty Ltd) |
| AFSL number | 421,789 | 280,372 |
| Year founded | 2,012 | 2,012 |
| Parent / ownership | Syfe (Svava Pte Ltd, Singapore) | DMA (Johannesburg, South Africa) 80.1% / Saxo Bank A/S (Denmark) 19.9% |
| Country of incorporation | AU | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $500 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | OSKO, BPAY, EFT/bank transfer | bank_transfer, BPAY, credit_card, debit_card, PayPal, Wise |
| Settlement period | T+2 | T+2 ASX, T+1 US |
| Withdrawal time | 1-2 business days | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | No | No |
| Free research reports | No | Yes |
| 2FA support | authenticator app | app |
| Customer support channels | live chat, email, phone | phone, email, live_chat |
| Support hours (AU time) | 10am-4pm AET, Monday-Friday (closed public holidays) | Mon-Fri 08:30-17:30 Sydney time |
| Education content | basic articles | extensive |
| tax and reporting | ||
| Australian tax statement | Yes | No |
| Distribution component breakdown | — | No |
| CGT calculator / report | No | No |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | No |
| Auto-invest sophistication | multiple | none |
| DRP (dividend reinvestment) | Yes | Yes |
| After-hours / overnight trading | Yes | No |