So i pay $45/month or $540/year to Marketech for $5/trades (SWF $9.50/trade) and an awesome platform and then receive around $12,000/year, give or take, in interest. I reckon i would do 100 trades per year so another $500. So my total cost is $1,040 with subscription and brokerage. Giving me a net profit from using Marketech of $10,960.
Now compare Selfwealth. $0 subscription (but the Premium version which is closer to Marketech is $29/month), then $950 (on 100 trades) for brokerage for a total outlay of $950. No interest returned. So i am out $950
So I am $11,910/year worse off using Selfwealth.
Realistically, if you are an active trader you are better off using Marketech because the interest you receive will more than pay for the subscription amount.
Ask yourself, how much are Selfwealth taking off you every year, at say, 4.5%?
So i pay $45/month or $540/year to Marketech for $5/trades (SWF...
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