We're making it even easier for you to invest in thousands of companies on the world largest stock market.

One of the most requested features in the Selfwealth community has been Good till Date' orders for US shares and we're excited to announce this popular feature is now available in your Selfwealth US trading account!

As well as extended pre-market trading hours, GTD capability means no more late nights entering the same order over and over again.

Complete with our low flat-fee pricing, and very competitive foreign exchange rates, Selfwealth US share trading just got a whole lot better!

Keep reading to learn how Good till Date orders can improve your investing experience.

What is a Good till Date Order?

When placing a limit order on the Selfwealth platform, you must choose an 'expiry type'. This will affect how long an unfilled order stays in the market before being cancelled.

A Good till Date (GTD) order is a condition-based order that allows you to buy or sell a security at a specified price until a predetermined date. The order will remain active until its expiry unless it has already been filled or cancelled. The maximum expiry date for a GTD order is 30 days.

A GTD order is different from a day only' order, where the latter is cancelled at the end of the trading day on which it is created.

You can change or cancel your orders at no cost, as long as the order is not partially or fully filled.

It is simple to create a GTD order for US stocks. From the order' page, enter the ticker for the US stock you are looking to buy or sell, click the Expiry Type' dropdown, select Good till Date', and then enter your desired expiry date in the field below.

don't forget, Selfwealth offers extended pre-market trading for US shares, where you can invest in household names like Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Tesla (NASDAQ: TSLA) hours before the opening bell of the main trading session.

Pre-market trading for the US stock market officially runs between 4.00 am and 9.30 am EST, Monday to Friday.

You no longer need to wait for the market to open to react to news or events out of hours. In fact, you can place pre-market orders for the next trading day once the main trading session of the US stock market closes for the day. These orders will remain pending until the pre-market session starts the following trading day.

Pre-market trading is just another feature we're proud to offer that provides you with more accessibility to invest in US stocks.

What are Some of the Benefits of GTD Orders?

If you're wondering why good till date orders are a major improvement when trading US shares, then consider some of these benefits that you may be able to take advantage of:

1. Flexible investing: with the ability to choose a longer expiry date for your order, you have more flexibility making investment decisions, and more opportunities for your order to be filled.

2. Convenience: GTD orders make it easier to remain active in the market, without necessarily being active' in the market. You only need to place one order with a longer validity instead of repeatedly logging into your account to place the same order over and over again.

3. The Same Low Pricing: You'll still pay a flate-rate fee of just US$9.50 per trade. Unlike other brokers, we won't charge you additional brokerage rates if your order fills over multiple days.

4. Strategic Practicality: Not everyone has the time to watch the stock market every day. GTD orders may be particularly useful for dollar-cost averaging, or to accumulate securities in Illiquid stocks where it can be difficult to buy or sell shares at a set price due to low trading volumes.

Competitive FX on US Stocks

Selfwealth offers a very competitive foreign exchange (FX) rate when trading US stocks, with a spread of just 60 basis points on all transfers between Australian dollars and US dollars.

This fee is applied as a buy/sell spread on the currency you are converting to, and not as a percentage-based fee. It works out to just US$0.60 per AU$100 transferred.

Learn more about how FX fees are applied here.

While some of our competitors charge foreign exchange fees on every trade you make, we provide you with separate accounts for Australian and US dollars. That means you only pay FX fees when you move money between your accounts, not on every trade.

In addition, Selfwealth doesn't charge any custody or inactivity fees, which means you can invest in US stocks with the peace of mind there won'tbe any hidden fees that eat into your returns.

Is Now the Time to Invest in US Stocks?

With inflation at its highest levels in decades, both home and abroad, any money you might have in your savings account is already slowly eroding away due to higher prices and a loss of purchasing power.

While there may be uncertainty at this time in the stock market, it is important to remember that corrections happen all the time. Data suggests that a correction occurs about once every two years.However, for long-term investors, there are a wide range of benefits of investing in US shares, and a market correction can often provide a great opportunity to buy stocks.At the moment, the US stock market is trading near its lowest level in around two years, with a price-to-earnings ratio comparable with pre-pandemic levels.

There is no single answer as to whether now is the right' time to invest in US stocks, but history suggests the stock market rises over time. That why the old adage regarding time in the market, as opposed to timing the market, has often proven faithful.

If you have any questions, please visit help.selfwealth.com.au for a quick answer.If you want to talk to us directly, you can get us on live chat during trading hours, or email us at support@selfwealth.com.au.