Alternatives to SelfWealth
SelfWealth is a popular CHESS-sponsored broker known for flat $9.50 ASX and US trades, auto-invest features, and support for kids and SMSF accounts. It's a solid all-rounder, but you might want an alternative if you're looking for cheaper brokerage, more global market access, options trading, or a different ownership model like custodian-based investing. Some investors also prefer platforms with fractional US shares or lower minimums for smaller portfolios. We've picked six alternatives that each offer something meaningfully different from what SelfWealth provides.
Cheaper ASX trades at $6.50 with a strong community focus and fractional US shares.
- ASX brokerage minimum
- $6.5(SelfWealth: $9.5)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- mixed
ASX trades from $3 are significantly cheaper than SelfWealth's $9.50 flat fee.
- ASX brokerage minimum
- $3(SelfWealth: $9.5)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- mixed
ASX trades from $1 and zero-commission US shares, plus options trading not on SelfWealth.
- ASX brokerage minimum
- $1(SelfWealth: $9.5)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(SelfWealth: mixed)
Big bank backing with CHESS sponsorship and $5 trades, plus extensive research tools.
- ASX brokerage minimum
- $5(SelfWealth: $9.5)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess(SelfWealth: mixed)
Access to 30+ global markets and US fractional shares, ideal for international diversification.
- ASX brokerage minimum
- $6(SelfWealth: $9.5)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- custodian(SelfWealth: mixed)
Custodian model with $2 trades and fractional US shares, good for smaller portfolios.
- ASX brokerage minimum
- $2(SelfWealth: $9.5)
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- custodian(SelfWealth: mixed)
Common questions
Is SelfWealth CHESS-sponsored?
Yes, SelfWealth offers CHESS sponsorship for ASX trades, meaning shares are held in your own name on the ASX settlement system. However, US trades are held under a custodian arrangement, which is standard for international shares.
Are there cheaper brokers than SelfWealth?
Yes, several CHESS-sponsored brokers offer ASX trades below SelfWealth's $9.50 flat fee. Some charge as little as $1 to $5 per trade, and a few offer zero-commission US share trading. Compare brokerage rates and any percentage-based fees before switching.
Does SelfWealth offer fractional shares?
SelfWealth does not offer fractional shares on ASX or US markets. If you want to invest small amounts into high-priced stocks or ETFs, you'll need a broker that supports fractional ownership, which is common on custodian-based platforms.
Can I trade options with SelfWealth?
No, SelfWealth does not support options trading. If you want to trade options on US or Australian markets, you'll need to look at brokers that offer this feature, including some CHESS-sponsored and custodian-based platforms.