Share Trading comparison
eToro vs SelfWealth
The biggest practical difference between eToro and SelfWealth comes down to cost versus ownership. eToro charges zero brokerage on ASX and US trades but holds your shares in a custodian model, meaning you don't get a HIN or direct CHESS sponsorship. SelfWealth charges $9.50 per ASX trade but gives you an individual HIN and full CHESS-sponsored ownership.
Choose
eToro
if…
- ›You want zero brokerage on ASX and US shares — eToro charges $0 per trade for non-leveraged positions
- ›You want to buy fractional shares on the ASX or US markets, which SelfWealth doesn't offer
- ›You want to trade crypto, CFDs, or access 15+ international markets from one account
- ›You want a low $50 minimum deposit and flexible funding via credit card, PayPal, or Skrill
- ›You want a demo account to practice trading before committing real money
Choose
SelfWealth
if…
- ›You want your ASX holdings under your own HIN with full CHESS sponsorship — SelfWealth is the clear choice here
- ›You want to set up a joint account or a kids / minor account, which eToro doesn't support
- ›You want dividend reinvestment plans (DRPs) and the ability to participate in corporate actions like rights issues and SPPs
- ›You want to avoid any inactivity fees — eToro charges $10/month after 12 months of no logins
- ›You want phone support and Sharesight / Navexa integration for portfolio tracking
Where they differ
| Fact | eToro | SelfWealth |
|---|---|---|
| ASX brokerage | $0 | $9.50 |
| CHESS sponsorship | Custodian model — no individual HIN | CHESS sponsored — individual HIN provided |
| Fractional shares | Yes (ASX & US) | No |
| FX spread (AUD/USD) | 0.0075% | 0.6% |
| Inactivity fee | $10/month after 12 months | $0 |
Verdict
Choose eToro for free trades and fractional shares; choose SelfWealth if you want true CHESS ownership and lower long-term holding costs.
Cost calculator
What would eToro vs SelfWealth actually cost you?
Punch in your trade size and frequency. We'll do the full brokerage + FX + fees maths.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | eToro | SelfWealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | mixed |
| Individual HIN | No | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | Yes |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | United States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal | HK |
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | Yes | No |
| Options trading | No | No |
| CFDs supported | Yes | No |
| Crypto trading | Yes | — |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | — |
| costs hidden | ||
| FX spread (AUD/USD) | 0.75% | 60% |
| Holds USD account | Yes | Yes |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $9.5 |
| ASX brokerage percentage | 0% | — |
| ASX free trade conditions | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. | Selfwealth Premium subscribers ($29/month or $240/year) receive 10 complimentary trades annually; otherwise no free-trade conditions. |
| US brokerage minimum | US$0 | US$9.5 |
| US brokerage percentage | 0% | — |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $10 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $27.5 |
| identity and trust | ||
| Legal entity name | eToro AUS Capital Limited | SelfWealth Pty Ltd |
| AFSL number | 491,139 | 421,789 |
| AUSTRAC registration | Yes | — |
| Year founded | 2,017 | 2,012 |
| Parent / ownership | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. | Syfe (Svava Pte Ltd, Singapore) |
| Country of incorporation | Australia | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $50 | $500 |
| Minimum subsequent purchase | $50 | $0 |
| Deposit methods | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking | OSKO, BPAY, EFT/bank transfer |
| Settlement period | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) | T+2 |
| Withdrawal time | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) | 1-2 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | No |
| Free research reports | No | No |
| 2FA support | SMS + authenticator app | authenticator app |
| Customer support channels | Live chat (Club members only), Email / web ticket, Help centre | live chat, email, phone |
| Support hours (AU time) | — | 10am-4pm AET, Monday-Friday (closed public holidays) |
| Education content | video + courses | basic articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| CGT calculator / report | Yes | No |
| Sharesight / Navexa integration | No | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | multiple |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | No | Yes |