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viewSelfWealth Ltd
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ASX:SWF
)

SelfWealth teams with digital stockbroker to enhance its trading platform

Fintech business offering flat fee brokerage services and social portfolio construction.

a person using a mobile phone
Australia has a growing network of self-directed investors

SelfWealth Ltd (ASX:SWF) has integrated with digital stockbroker OpenMarkets to access enhanced online trading execution and settlement services.

SelfWealth is an Australian fintech business offering a flat fee brokerage service and social portfolio construction network for investors.

The company was founded by former CBA banker Andrew Ward and listed on the ASX in November 2017 after closing its initial public offering at $7.3 million.

The company is focusing on Australia’s growing network of self-directed investors, providing a flat fee online brokerage service and social network based portfolio construction function.

Live order feedback within sub-seconds

SelfWealth’s basic plan offers self-directed investors a flat fee of $9.50 per trade, regardless of trade size, to trade on the ASX.

The company’s premium plan is an online network that enables members to track and target the performance of thousands of other portfolios in the community to assist their own investing.

SelfWealth’s integration with OpenMarkets will allow it to execute equity trades on the ASX in real-time and receive live order feedback within sub-seconds.

A key benefit of real-time streaming information is that users will be able to see the status of orders immediately, preventing the placement of duplicate orders resulting from delayed feedback.

Quick facts: SelfWealth Ltd

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ASX:SWF

Price: 0.36 AUD

Market Cap: $84.97 m

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SelfWealth's Cath Whitaker speaks with Proactive at the ASX Small and Mid Cap Conference - September 2021. The company provides a low-cost share trading for Australians. It offers access to stocks and funds on the ASX and US markets in one trading account.

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