Hi Dan, great analysis as always! Much appreciated.The ozbargain...

Hi Dan, great analysis as always! Much appreciated.

The ozbargain thing, I am one of them! Signed up with a referral there (hope it's you who get the free trades!).

Back to business, I thought the total number of referral ID is just how many people have put their referral down? But does not necessarily mean they have actually been clicked/used though? You are referring to the below right?


I can also tell you that in reddit/FB groups, seen SelfWealth referral thrown around as well.

Almost forgot, how did you get your ARPU calculations btw? I calculated the number of active traders * Trades per Trader per month * 12, but get different number than yours.