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Broker 2

VS field	Selfwealth selfwealth.com.au ETF BrokerStock BrokerETF	DEGIRO degiro.com ETF BrokerMulti Asset BrokerETF
Decision summary
Overall score

Trust score	86	100

Cost score	82	92

Platform score	78	92

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…	European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products

Watch out	Needs verification	Needs verification

Trust & regulation
Regulators	ASIC / Australian Financial Services Licence regime Source	Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source
License numbers	AFSL No. 421789 Source	Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source
Regulated entities	SelfWealth Pty Ltd ABN 52 154 324 428, AFSL No. 421789 Source	DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source
Negative balance protection	Not applicable to the checked non-leveraged cash share/ETF brokerage offering Source	No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. 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	Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source
Restricted countries	Country restrictions / accepted resident jurisdictions not fully disclosed in checked public pages; official pages target Australian investors Source	Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source

Trust & regulation

Regulators

ASIC / Australian Financial Services Licence regime

Source

Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.

Source

License numbers

AFSL No. 421789

Source

Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.

Source

Regulated entities

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

Source

DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.

Source

Negative balance protection

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

Source

No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.

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

Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.

Source

Restricted countries

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

Source

Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page.

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	No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source
Spread from	Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply. Source	Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source
Commission	Flat trade commissions rather than spread/percentage commissions for core share trades Source	Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source
Maximum leverage	Not applicable / not disclosed for ordinary Selfwealth stock and ETF investing; no margin/leverage product identified in checked official pages Source	DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. 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	No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source
Withdrawal fee	No Selfwealth cash withdrawal fee disclosed; no deposit/withdrawal fees stated on US trading page Source	No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source
Inactivity fee	No inactivity fees Source	No inactivity fee; UK fee page lists inactivity fee as €0. 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

No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.

Source

Spread from

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

Source

Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.

Source

Commission

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

Source

Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.

Source

Maximum leverage

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

Source

DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources.

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

No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.

Source

Withdrawal fee

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

Source

No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.

Source

Inactivity fee

No inactivity fees

Source

No inactivity fee; UK fee page lists inactivity fee as €0.

Source

Markets, platforms & payments
Tradable assets	ASX/Cboe shares and ETFs; US stocks and ETFs; HKEX shares only where available Source	Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source
Trading platforms	Desktop/web platform and free Selfwealth mobile app Source	DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source
Account types	Individual, joint, minor, company, trust, SMSF; supported for advisers and financial professionals Source	DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source
Deposit methods	EFT, BPAY, and Osko-enabled bank transfers Source	Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source
Withdrawal methods	Withdraw AUD cash to nominated bank account; international cash must be converted back to AUD first Source	Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source
Withdrawal processing time	Next business day before 2pm cut-off; withdrawals are not instant and take 1-2 business days Source	Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source

Markets, platforms & payments

Tradable assets

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

Source

Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.

Source

Trading platforms

Desktop/web platform and free Selfwealth mobile app

Source

DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.

Source

Account types

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

Source

DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.

Source

Deposit methods

EFT, BPAY, and Osko-enabled bank transfers

Source

Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.

Source

Withdrawal methods

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

Source

Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.

Source

Withdrawal processing time

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

Source

Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.

Source

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