10 Brokerage-Free Trades for Referrer & Referee (Save $9.50 Brokerage Per US & AU Trade) @ SelfWealth

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Go to Deal

Borgasm on 06/02/2025 - 10:42 selfwealth.com.au (66 clicks)
Last edited 06/02/2025 - 13:08 by 1 other user

Join Self Wealth using the Ozb referral generator for 10 free trades instead of the usual 5. It will be for a limited time, however it isn't specified how long. Usually it's 2 or 4 weeks.

I've been using Self Wealth to buy stocks for quite a few years and am very happy. Use the free trades within a month, valued at $95.

You can dollar cost average your way to financial freedom and do other financial buzz word things. Just remember to be fearful when others are fearful and be greedy when others are hungry or something.. This is not financial advice. Also while we have that disclaimer out there, buy the crypto dip. Cheers

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• 

  bohn on 06/02/2025 - 10:49

  +3

  I find stake better.
  Just transferred some stocks to stake from selfwealth - ends up being free trading for a year.

  • 

    Borgasm on 06/02/2025 - 10:57

    Interesting, how does the free trading for a year work?

    • 

      countmein on 06/02/2025 - 11:00

      +3

      $0 brokerage free and after a year its $3 per trx

      • 

        Borgasm on 06/02/2025 - 11:00

        Cheers

      • 

        Mr Frodo on 06/02/2025 - 14:51

        No limit on the size of the transaction?

    • 

      Borgasm on 06/02/2025 - 11:00

      Never mind just saw that deal

    • 

      alexason on 06/02/2025 - 14:16

      Can you link that deal please?

• 

  check on 06/02/2025 - 11:00

  +1

  Here is an alternative:
  Free brokerage on all Australian ETFs and 300 ASX shares:
  https://www.betashares.com.au/

  • 

    DrRalph on 06/02/2025 - 11:10

    +11

    Not CHESS.

    • 

      Mr BoMBAStiG on 06/02/2025 - 14:26

      What are the downsides to this?

      • 

        check on 06/02/2025 - 14:50

        I watched this seminar where he answers why they use a Custodian model rather than Chess: https://www.youtube.com/watch?v=flZyFVyJL44
        It gives them more flexibility to offer new stuff!
        I don't know what the extra risk is for investing via them rather than with a Chess sponsored broker.
        They do offer some good stuff that I like - you can invest as little as $10. So for $100 you could invest in 10 ETFs!
        And they offer to automatically re-invest the dividends. You can get fractions of a share.

        • 

          Mr BoMBAStiG on 06/02/2025 - 15:07

          +1

          @check: I def like the options of a custodian model just not sure if my caution about them going into administration is warranted as I wouldn't want to sit around hoping I get my money back.

          • 

            check on 06/02/2025 - 16:00

            +1

            @Mr BoMBAStiG: Chess will be safer.
            But Betashares has a lot of ETFs listed on the ASX. So I'm thinking they are quite big, and the risk is not that great.
            But you never know…

            For me, I am investing small amounts with them regularly, as it is just so easy!!

            • 

              OzzyBrak on 06/02/2025 - 19:43

              +1

              @check: The custodian is typically another entity, generally a large investment bank.

              Betashares uses Citigroup pty ltd

  • 

    rheags on 07/02/2025 - 14:43

    Betashares has a monthly fee which is a % based on the total value of your portfolio, so if you are not a trader the brokerage savings will be eaten up by the fee.

    see table at bottom:
    https://www.betashares.com.au/direct/custom-portfolios

• 

  StarPlatinum on 06/02/2025 - 14:07

  +2

  Get the free trades from SelfWealth do approx 1500 worth of trades then transfer it all to stake and u get 10 free trades a month for an entire year

• 

  Gaz1 on 06/02/2025 - 17:14

  How does Selfwealth compare with Moomoo for US shares?
  I plan to purchase a single lot of US shares worth about A$5k & Moomoo charges US$0.99 for the trade (so not much difference to this Selfwealth free offer), but I suspect all the other fees would make a difference when comparing brokers.