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Broker 2

VS field	Selfwealth selfwealth.com.au ETF BrokerStock BrokerETF	Charles Schwab schwab.com Stock BrokerETF BrokerMutual Fund
Decision summary
Overall score

Trust score	86	100

Cost score	82	92

Platform score	78	94

Withdrawal score	80	89

Best for	Australian buy-and-hold share and ETF investors · Investors who value CHESS-sponsored ASX holdings and predictable brokerage · Families, SMSFs, trusts or companies needing multipl…	Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

Watch out	Needs verification	Needs verification

Trust & regulation
Regulators	ASIC / Australian Financial Services Licence regime Source	SEC; FINRA; SIPC; CFTC; NFA; FDIC Source
License numbers	AFSL No. 421789 Source	Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514 Source
Regulated entities	SelfWealth Pty Ltd ABN 52 154 324 428, AFSL No. 421789 Source	Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB Source
Negative balance protection	Not applicable to the checked non-leveraged cash share/ETF brokerage offering Source	Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment. Source
Investor compensation	No specific statutory investor-compensation scheme disclosed on checked pages; cash is held in an ANZ trust account and ASX shares are CHESS-sponsored Source	SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC. Source
Restricted countries	Country restrictions / accepted resident jurisdictions not fully disclosed in checked public pages; official pages target Australian investors Source	Not all products, services, or investments are available in all countries; Schwab is not registered outside the United States and products/services may not be registered in a user's jurisdiction. Source

Trust & regulation

Regulators

ASIC / Australian Financial Services Licence regime

Source

SEC; FINRA; SIPC; CFTC; NFA; FDIC

Source

License numbers

AFSL No. 421789

Source

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

Source

Regulated entities

SelfWealth Pty Ltd ABN 52 154 324 428, AFSL No. 421789

Source

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

Source

Negative balance protection

Not applicable to the checked non-leveraged cash share/ETF brokerage offering

Source

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

Source

Investor compensation

No specific statutory investor-compensation scheme disclosed on checked pages; cash is held in an ANZ trust account and ASX shares are CHESS-sponsored

Source

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

Source

Restricted countries

Country restrictions / accepted resident jurisdictions not fully disclosed in checked public pages; official pages target Australian investors

Source

Not all products, services, or investments are available in all countries; Schwab is not registered outside the United States and products/services may not be registered in a user's jurisdiction.

Source

Costs & account conditions
Minimum deposit	No minimum balance; $0 cash balance can be held indefinitely. ASX new holdings require minimum trade value separate from deposit. Source	$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages. Source
Spread from	Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply. Source	Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources. Source
Commission	Flat trade commissions rather than spread/percentage commissions for core share trades Source	stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread Source
Maximum leverage	Not applicable / not disclosed for ordinary Selfwealth stock and ETF investing; no margin/leverage product identified in checked official pages Source	Not disclosed as a single broker-level maximum; leverage/margin depends on product, account approval, and regulatory/product requirements. Source
Deposit fee	No Selfwealth deposit fee disclosed; no deposit/withdrawal fees stated on US trading page; ANZ cash trading account has no fees Source	$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees Source
Withdrawal fee	No Selfwealth cash withdrawal fee disclosed; no deposit/withdrawal fees stated on US trading page Source	No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions. Source
Inactivity fee	No inactivity fees Source	$0 annual maintenance/inactivity fee for standard brokerage accounts Source

Costs & account conditions

Minimum deposit

No minimum balance; $0 cash balance can be held indefinitely. ASX new holdings require minimum trade value separate from deposit.

Source

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

Source

Spread from

Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply.

Source

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

Source

Commission

Flat trade commissions rather than spread/percentage commissions for core share trades

Source

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

Source

Maximum leverage

Not applicable / not disclosed for ordinary Selfwealth stock and ETF investing; no margin/leverage product identified in checked official pages

Source

Not disclosed as a single broker-level maximum; leverage/margin depends on product, account approval, and regulatory/product requirements.

Source

Deposit fee

No Selfwealth deposit fee disclosed; no deposit/withdrawal fees stated on US trading page; ANZ cash trading account has no fees

Source

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

Source

Withdrawal fee

No Selfwealth cash withdrawal fee disclosed; no deposit/withdrawal fees stated on US trading page

Source

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

Source

Inactivity fee

No inactivity fees

Source

$0 annual maintenance/inactivity fee for standard brokerage accounts

Source

Markets, platforms & payments
Tradable assets	ASX/Cboe shares and ETFs; US stocks and ETFs; HKEX shares only where available Source	Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures. Source
Trading platforms	Desktop/web platform and free Selfwealth mobile app Source	Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney Source
Account types	Individual, joint, minor, company, trust, SMSF; supported for advisers and financial professionals Source	Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios. Source
Deposit methods	EFT, BPAY, and Osko-enabled bank transfers Source	ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available. Source
Withdrawal methods	Withdraw AUD cash to nominated bank account; international cash must be converted back to AUD first Source	Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer. Source
Withdrawal processing time	Next business day before 2pm cut-off; withdrawals are not instant and take 1-2 business days Source	Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages. Source

Markets, platforms & payments

Tradable assets

ASX/Cboe shares and ETFs; US stocks and ETFs; HKEX shares only where available

Source

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

Source

Trading platforms

Desktop/web platform and free Selfwealth mobile app

Source

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

Source

Account types

Individual, joint, minor, company, trust, SMSF; supported for advisers and financial professionals

Source

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

Source

Deposit methods

EFT, BPAY, and Osko-enabled bank transfers

Source

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

Source

Withdrawal methods

Withdraw AUD cash to nominated bank account; international cash must be converted back to AUD first

Source

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

Source

Withdrawal processing time

Next business day before 2pm cut-off; withdrawals are not instant and take 1-2 business days

Source

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.

Source

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