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4.00%

12.0¢ selfwealth limited

Ann: Trading Halt, page-30

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RHRCapital

427 Posts.

76

14/01/19

11:06

Post #: 37105521
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Originally posted by SelfWealth: ↑

Hi RHR Capital, thanks for your comment and investment in SelfWealth. We're always looking to improve the features of the trading platform and we're aware the cash account and the way it operates is an important difference between our platform and others, for pro traders.

The current set up is so SWF can collect the interest on the accounts, which is one of the factors that allows us to keep the low flat-fee brokerage. Interest is paid out to members.

SelfWealth members are listed as the beneficiaries of their cash account, therefore SelfWealth cannot move the cash without instruction from the member. The cash cannot be touched by administrators in the case that SelfWealth were to cease trading and go into administration. The process for moving cash out of your SWF account to an external bank account would operate under normal procedure under this scenario. If there were a large amount of requests in one day, the process wouldn't be slowed down as it's automated.

Hopefully that answers your question.

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Thanks SWF. As of the moment, the risk is too much to bear and such we will not jump into SWF as a trade platform. We will revisit if things change.

kind regards,
RHR

SWF Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 12.0¢		Change -0.005(4.00%)		Mkt cap ! $27.86M

Open	High	Low	Value	Volume
12.5¢	12.5¢	12.0¢	$11.40K	91.54K

Buyers (Bids)

No.	Vol.	Price($)
2	21928	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	162288	4

View Market Depth

No.	Vol.	Price($)
2	21928	0.120
4	359001	0.115
4	421818	0.110
1	27281	0.105
1	2	0.100

Price($)	Vol.	No.
0.130	162288	4
0.135	403806	9
0.140	544364	8
0.145	177500	4
0.150	263969	5

Last trade - 13.13pm 04/07/2024 (20 minute delay)

SWF (ASX) Chart