SelfWealth Limited (ASX:SWF), an Australian FinTech business offering a flat fee brokerage service and social portfolio construction network for Australian investors, has today reported continued momentum in its business reporting 33% compounded monthly growth rate in active traders.
SelfWealth is focused on Australia’s growing network of self-directed investors, providing a flat fee online brokerage service and social network based portfolio construction function. SelfWealth TRADING offers self-directed investors a flat fee of $9.50 per trade, regardless of trade size, to trade on the ASX. It also offers SelfWealth PREMIUM, an online network that enables members to track and target the performance of thousands of other portfolios in the community to assist their own investing.
The growth in active traders follows strong performance in October, and reflects heightened awareness of the SelfWealth trading platform and demand for alternative trading options – particularly SMSF trustees and self-directed investors.
Actual trades for the month of November were 6312, reflecting a compounded monthly growth rate of 29%.
The Company has $281M in tradeable assets held on HIN (Holder Identification Number on Chess) and cash, which has grown at a compounded monthly growth rate of 31% to end November.
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