The details shown below are for the Basic Account

The details shown below are for the Live Account

Choose the version of this product that suits you best

  • Basic Account

  • Live Account

Small trade brokerage with conditions
$5.00
Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum
Large trade brokerage with conditions
0.0%
Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum
Monthly fee
$0.00
Go to site
Small trade brokerage with conditions
$5.00
Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum
Large trade brokerage with conditions
0.0%
Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum
Monthly fee
$9.00
Go to site

Mozo editorial review Superhero Share Trading

Last updated: 7 January 2021.

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What's hot
  • $0 brokerage when you purchase ETFs ($5 when you sell)
  • Flat $5 brokerage on ASX listed shares
  • Free access to Live Account features (until June 30 2021)
  • $100 minimum investment
What's not
  • No access to international markets
  • Limit orders no available with Basic Account
Mozo snapshot

Online broker Superhero is bringing brokerage costs down to some of the lowest levels yet for Aussie share traders with its Basic and Live Accounts. There’s a flat $5 brokerage rate on ASX listed shares, zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.

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Key features

Superhero is the latest online share trading platform to hit the Australian market, offering two different accounts for Australian investors: the Basic Account (free) and the Live Account (usually $9/month, but users can get free access until June 30 2021).

Irrespective of the type of Superhero account they sign up to, users will be able to buy and sell ASX listed shares for a brokerage fee of $5, as well as buy ETFs with $0 brokerage and sell them with $5 brokerage - some of the lowest prices currently available.

And unlike the majority of online platforms which tend to require an investment of $500 or higher to get started, the minimum investment to use Superhero is just $100.

Aside from the monthly fee, there are a few differences between the accounts. The Live Account comes with live market data as well as a portfolio tracking tool and it also allows investors to place market or limit orders. On the other hand, the Basic Account only allows market orders and its market data comes with a 20 minute delay.

The good news is, if you opt for the Live Account, you'll have free access until 30 June 2021.

Users will be able to transfer money via PayID or BPAY from their regular bank account into the ‘Superhero Wallet’ (a cash management account where funds are held with NAB), which they can then use to invest.

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Who is it good for

Superhero is a streamlined, low-cost option for investing in Australian shares and ETFs, so it might appeal to new investors with lower amounts to invest or traders who are looking to reduce their brokerage costs and don’t mind not having access to some of the more advanced features available with other platforms. 

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Any catches

Bear in mind that, at least at the present moment, the Superhero platform doesn’t provide investors with access to any international markets.

Details

Rates and fees information correct as at 25 January 2021. 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
  • $5.00

  • Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum

  • 0.0%

  • Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum

  • Shares held in a consolidated HIN under Superheros name, ownership and control remains with share purchaser.

  • no

  • $0.00

  • n/a

  • Live Account Free until 30 June 2021

Tools
  • no

Features
  • REITs

  • Superhero Wallet is a cash management account built into Superhero Account (held under NAB)

  • $0 brokerage on purchasing ETFs ($5 brokerage applies to sells)

Details

Rates and fees information correct as at 25 January 2021. 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
  • $5.00

  • Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum

  • 0.0%

  • Flat $5 fee brokerage on all ASX listed shares & LICs, $100 minimum

  • Shares held in a consolidated HIN under Superheros name, ownership and control remains with share purchaser.

  • no

  • $9.00

  • Live Account Free until 30 June 2021

  • Live Account Free until 30 June 2021

Tools
  • no

Features
  • (free)

  • REITs

  • Superhero Wallet is a cash management account built into Superhero Account (held under NAB)

  • $0 brokerage on purchasing ETFs ($5 brokerage applies to sells)

Customer Reviews

This product is not currently reviewed.