There is always going to be competition when a company is doing as well as SelfWealth. It happens in every industry and is completely normal, so let's not get carried away.
SWF has a huge head start on the ASX market with loads of customers and some brand recognition. I've never heard of Think Market until now. It looks like their main focus is in Asia and in CFDs.
At the end of the day, competition is healthy for everyone. It will make sure SelfWealth keeps improving to stay ahead and will draw more customers into the space (and away from the banks!).
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