Best Prices

Hidden Fees (Very important)

Spreads are arguably more important than fees.

Spread is the difference in price between the buy and sell prices of a tradable asset and in most cases can exceed the advertised “trade fee”. Australian banks charge up to 11% spreads when converting AUD to foreign currency, yet still advertise zero currency conversion fees.

Not considering spreads can take unexpected chunks out of your profits or even increase your losses in the ways of hidden fees. The trading algorithms that work behind the scenes on Swyftx are optimised for increasing liquidity with trade volume and decreasing spreads, boasting, on average, the lowest spreads of any Australian platform. For example, our spreads for Bitcoin are as low as 0.45%.