Betashares Direct
Fair use policy

At Betashares, we believe that a fundamental part of building wealth is taking a buy-and-hold approach to investing - buying ETFs or shares and holding them for the long-term. An overwhelming body of research finds that a passive buy-and-hold, long-term approach produces better long-term results than short-term trading influenced by the market’s daily (or weekly) ups and downs.

We built Betashares Direct to reflect this philosophy, and encourage investors to invest in a diversified portfolio that is resilient through a range of market condition.

For example, you won’t find a list of ‘Day’s top movers’ on Betashares Direct - we don’t think investment decisions should be unduly swayed by short term price movements. Our price charts don’t include technical analysis tools that are typically used by short-term traders to help forecast the short-term direction of price. ‍

This is not to diminish the activities of professional traders who are able to devote considerable time and resources to trying to profit from short-term market movements. It’s simply that our focus is on Australian investors whose primary goal is to build or preserve wealth - who we think are best served by a long-term investing approach. ‍

In support of this philosophy, Betashares Direct includes a ‘fair use’ policy. This policy is designed to discourage excessive short-term trading, and we believe is in the interests of those looking to use Betashares Direct to help them build long term wealth.

Our fair use policy allows you to make a maximum of three sets of ‘buy’ and ‘sell’ trades in any one security in a period of 30 days. Once you reach that limit, your ability to place buy orders for any security on Betashares Direct will be disabled for 30 days. Your ability to sell existing holdings will not be restricted.

Once you execute two sets of buy and sell orders in the one security in a 30-day period, we will let you know that you are approaching the number of trades for that security, so you can avoid reaching your limit. ‍

Note that there is no limit per se on the number of buys, or the number of sells - it is only if you make three buys that are each followed by a sell trade in the same security within a 30-day period that the limit will be reached.