SelfWealth has carved a niche for itself as a platform that prioritizes simplicity and affordability. Its fee structure for ETFs is a prime example of this approach.
Core ETF Trading Costs
- Flat Fee: SelfWealth adopts a straightforward pricing model with a flat fee of $9.50 per trade. This applies regardless of whether you’re buying or selling ETFs on the ASX.
- No Percentage-Based Charges: Unlike some platforms, SelfWealth doesn’t levy a percentage-based commission, making it particularly attractive for larger trades.
Additional Fees and Considerations
- Currency Conversion: For ETFs listed on international exchanges, SelfWealth applies a 0.60% currency conversion fee.
- No Inactivity Fees: A boon for long-term investors, SelfWealth doesn’t charge fees if you’re not actively trading.
- ETF Management Fees: Remember, these are separate from SelfWealth’s trading fees. The ETF provider charges a management fee (expense ratio), which impacts the ETF’s overall performance.
SelfWealth vs. The Competition
SelfWealth’s fee structure often undercuts competitors who may impose higher fees or percentage-based commissions, especially on smaller trades. Additionally, the absence of monthly account fees makes it a cost-effective choice.
Conclusion
SelfWealth’s transparent and competitive ETF fee structure aligns with its reputation as a platform for investors seeking simplicity and affordability. While it’s essential to consider the ETF’s management fees, SelfWealth’s flat fee model can significantly reduce trading costs.
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