Small trade brokerage with conditions
$6.50
$6.50 brokerage for all trades.
Large trade brokerage with conditions
6.5%
$6.50 brokerage for all trades.
Monthly fee
$0.00

Mozo editorial review Pearler Share Account - last updated: 24 May 2022

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What's hot
  • $6.50 flat rate brokerage fee on shares
  • $0 brokerage on select ETFs
  • Autoinvest feature
  • 2022 Mozo Experts Choice Award-winner
What's not
  • No limit orders
Mozo snapshot

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 shares, ETFs and other securities across US and Australian markets. Beyond pricing, Pearler is also promising a simpler investing experience with a number of handy features including the ‘autoinvest’ tool. 

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Key features

Pearler allows users to invest in US and Australian equities markets, with shares, exchange traded funds (ETFs) and managed funds (mFunds) all able to be purchased and sold via Pearler’s online platform. 

How about costs? Well there’s no monthly fee involved and Pearler charges a $6.50 flat brokerage for all trades, which are among the more competitive around. There is also a 0.5% foreign exchange fee when converting between AUD and USD.

Prepay & save with Pearler Credit: Purchase $55 of Pearler Credit and get an additional $10 for your buys. That's 15% off, bringing it down to $5.50 per investment.

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.

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Who is it good for

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. 

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Any catches

Investors also won’t be able to make limit orders, which may be an important feature for some. 

Details

Rates and fees information correct as at 28 June 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees

$6.50

$6.50 brokerage for all trades.

6.5%

$6.50 brokerage for all trades.

$6.50 brokerage for all trades.

no

$0.00

n/a

$0 brokerage on ETFs from eInvest, ETF Securities, and VanEck when held for a minimum of 12 months.

Tools

n/a

Features

(free)

none

none

Autoinvest allows automatic periodic investments of set amounts to chosen shares and investments. Set up financial independence goals. Connect with other investors. US markets available with a 0.5% foreign exchange fee.

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About Pearler