Pearler may be one of the newest online share trading platforms in Australia, but they’ve hit the ground running by offering low-cost access to Australian shares, ETFs and other securities. Beyond pricing, Pearler is also promising a simpler investing experience with a number of handy features including the ‘autoinvest’ tool.
Pearler allows users to invest into the Australian equities market, with shares, exchange traded funds (ETFs) and managed funds (mFunds) all able to be purchased and sold via Pearler’s online platform. Currently there’s no access to international markets, but Pearler has said they intend to roll out the capability for US share purchases sometime in 2021.
How about costs? Well there’s no monthly fee involved and Pearler charges the following brokerage rates, which are among the more competitive around:
$9.50 per trade for amounts under $17,500
0.055% per trade for amounts over $17,500
Pearler also offers a number of ETFs for $0 brokerage, though this is restricted to participating providers such as eInvest, ETF Securities and VanEck. Just bear in mind that if you end up selling any of the zero brokerage ETFs within a year, the normal brokerage rates of buying and selling ($19.00 all up) will apply.
Aside from low brokerage, one of the other benefits of the Pearler platform is the features available. For example, users can make use of the ‘autoinvest’ tool to set up regular investments and help maintain their portfolio balance over time.
With low brokerage costs and some handy, innovative features, Pearler’s online share trading platform could be a particularly good option for those just starting out on their investing journey.
Pearler really is the new kid on the block, so at the present moment they don’t have a mobile app (though this is coming). Investors also won’t be able to make limit orders, which may be an important feature for some.
This product is not currently reviewed.