Selfwealth Vs Superhero Vs Alternatives

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by Big A, 11th Jun, 2021.

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  1. LIDM

    LIDM Well-Known Member

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    Haven't had any login problems but they did release a new app near the start of August. Are you guys using the new App? Hope all is well now. The new UI looks like this, can't say I'm a fan but hopefully it will improve iteratively.
    swui.jpg
     
    LIDM, 29th Aug, 2021
    #41
  2. rizzle

    rizzle Well-Known Member

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    rizzle, 3rd Sep, 2021
    #42
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  3. ASXGJ1

    ASXGJ1 Well-Known Member

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    ASXGJ1, 3rd Sep, 2021
    #43
  4. geoffw

    geoffw Moderator Staff Member

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    The link works for me.

    What they are saying is that if you transfer money into your account using BSB and account number, the funds are available instantly - before this, it took three days. BPay transaction times haven't changed.
     
    geoffw, 3rd Sep, 2021
    #44
  5. ASXGJ1

    ASXGJ1 Well-Known Member

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    Thanks. It will be game changer for selfwealth.
     
    ASXGJ1, 3rd Sep, 2021
    #45
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  6. Cheern

    Cheern Well-Known Member

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    @SelfWealth

    I am trying to set up an account with Selfawealth. Applied online, Waited 5 business days to hear back by email telling me there would be another 5 BDs for the account to be activated! Feels like living in 20th century!:eek:
     
    Cheern, 11th Sep, 2021
    #46
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  7. Piston_Broke

    Piston_Broke Well-Known Member

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    Took 3 days with Opentrader, got my chess # as well.
     
    Piston_Broke, 11th Sep, 2021
    #47
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  8. Shawn

    Shawn Well-Known Member

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    Shawn, 13th Sep, 2021
    #48
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  9. number 5

    number 5 Well-Known Member

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    awesome. hopefully SW reacts to this and I wont have to do anything.
     
    number 5, 13th Sep, 2021
    #49
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  10. ChrisP73

    ChrisP73 Well-Known Member

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    Online trading platform Stake to offer $3 flat-fee brokerage

    Online trading platform Stake will unleash $3 flat-fee brokerage on transactions for ASX-listed securities,
    ...
    Stake opens its waitlist for access to the Australian equities offer to the public on Monday. Some Stake staff and stakeholders are already trading local shares via the platform, and the functionality will be rolled out progressively to customers over coming months.

    It is understood competitor platforms SelfWealth and Pearler have until now offered the cheapest rates in the market for CHESS-sponsored, Australian-listed stocks and investment funds, both charging $9.50 a trade. The large bank-owned brokers often charge $20 a trade or more

    We know how important the CHESS model is to Australian investors. They want to trade on their own HIN,” he said. “We have found a way to make this work while still being able to deliver fantastic affordability.”    ​

    Havn't look into stake but this is an interesting development.

    I wonder what the catch is.... (e.g selling order flow aka robinhood in the USA).
     
    ChrisP73, 13th Sep, 2021
    #50
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  11. rizzle

    rizzle Well-Known Member

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    rizzle, 13th Sep, 2021
    #51
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  12. number 5

    number 5 Well-Known Member

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    @rizzle Done. I really cbf moving but hopefully this kicks the others into gear.
     
    number 5, 13th Sep, 2021
    #52
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  13. ASXGJ1

    ASXGJ1 Well-Known Member

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    this is really good news..... $3 per trade... but does anyone know what would be the order size for that brokerage? like $3 for any value or $3 for $5000?
     
    ASXGJ1, 13th Sep, 2021
    #53
  14. rizzle

    rizzle Well-Known Member

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    I see you didn't read the first 10 words of the linked article :D

    "Online trading platform Stake will unleash $3 flat-fee brokerage on transactions for ASX-listed securities"
     
    rizzle, 13th Sep, 2021
    #54
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  15. LIDM

    LIDM Well-Known Member

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    @SelfWealth team must be having some pretty interesting meetings right now :D
     
    LIDM, 16th Sep, 2021
    #55
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  16. ASXGJ1

    ASXGJ1 Well-Known Member

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    Best way @SelfWealth can survive moving forward is to provide alternative to sharesight as currently there isn't any other better or equivalent provider competing with sharesight. Currently one can download yearly transaction report from selfwealth but that's not good enough or helpful for tax purposes.

    I will be moving to stake once $3 trading starts.... !

    I will expect big slump in selfwealth stock price once stake goes live for everyone in few months... IMO.
     
    ASXGJ1, 18th Sep, 2021
    #56
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  17. Hockey Monkey

    Hockey Monkey Well-Known Member

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    Hockey Monkey, 18th Sep, 2021
    #57
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  18. ASXGJ1

    ASXGJ1 Well-Known Member

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    I know about Navex which is trying to provide alternative to sharesight as most features are same as sharesight but they are new so have teething issue.

    I checked simple invest 360 but they seems more like a cloud software for accounting firms. They do have in investor version for $400... ! which is too much upfront without trying similar to what we can do with sharesight..... ! I might end up going with sharesight with $280 package if I save more on brokerage from stake... !
     
    ASXGJ1, 18th Sep, 2021
    #58
  19. ASXGJ1

    ASXGJ1 Well-Known Member

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    ASXGJ1, 18th Sep, 2021
    #59
  20. Redwing

    Redwing Well-Known Member

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    So $2 US ;)

    Gotta love healthy competition, hopefully, others respond by lowering brokerage

    Stake (backed by Tiger Global) operates in U.S. dollars and then charges 0.7% on fund transfers between Australian and U.S. dollars. The brokerage for Australian-listed stocks will be powered by Finclear, a broker-dealer 16 percent owned by Magellan Financial Group.

    Stake’s also has $0 brokerage on more than 6000 US stocks and ETFs

    Apparently, those who get early access via the Beta in October will also be rewarded with $0 brokerage on ASX trading until the end of the year

    Superhero in July added zero-brokerage US equities trading functionality in direct competition with Stake. Superhero charges $5 a trade and zero brokerage on exchange-traded funds.

    [​IMG]
     
    Redwing, 20th Sep, 2021
    #60
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