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Superhero Share Trading

Advertiser disclosure
Small trade brokerage with conditions
$2.00
Flat $2 fee brokerage on trades up to $20,000, for all ASX listed shares & LICs, $10 minimum. 0.01% for trades larger than $20,000.
Large trade brokerage with conditions
0.01%
Flat $2 fee brokerage on trades up to $20,000, for all ASX listed shares & LICs, $10 minimum. 0.01% for trades larger than $20,000.
Monthly fee
$0.00

Mozo editorial review Superhero Share Trading - last updated: 2 May 2024

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What's hot
  • $2 brokerage on US shares (on trade values up to US $20,000)
  • Flat $2 brokerage on ASX listed shares (on trade values up to $20,000)
  • A$100 minimum investment (T's & C's apply)
What's not
  • Foreign exchange fee for AUD to US dollars applies
Mozo snapshot

Online broker Superhero is bringing brokerage costs down to some of the lowest levels yet for Aussie share traders. There’s a flat $2 brokerage rate on ASX listed shares (on trade values up to $20,000), zero brokerage when you purchase ETFs and $5 when you sell, and $2 brokerage on US shares and ETFs (on trade values up to US $20,000). Plus traders can get started with a minimum investment of just A$10 (T&C's apply). Also, you earn 25 Qantas Points per trade on full brokerage trades, and earn 1 point per US$5 transferred from AUD to USD.

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Key features

Superhero is the latest online share trading platform to hit the Australian market with no monthly fee and a flat brokerage fee on share trades.

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 $2 (on trade values up to $20,000), as well as buy ETFs with $0 brokerage and sell them with $5 brokerage - some of the lowest prices currently available. For trade values above $20,000, a brokerage fee of 0.01% of the trade value will apply. 

Users can also trade US shares and ETFs with flat $2 brokerage on trade values up to US $20,000, after which a fee of 0.01% of the trade value will apply. Keep in mind, a 0.65% foreign exchange fee applies for transfers between AUD and US dollars.

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 A$10 for users trading Australian shares. For users who are only trading US shares, the minimum account balance required would be US$10 worth of US shares.

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.

Superhero also allows you to earn Qantas Points. You can earn 25 Qantas Points per trade on full brokerage trades as well as 1 Qantas Point per US$5 transferred from AUD to USD (T&Cs apply).


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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

There is a foreign exchange fee for transfers between Australian and US dollars of 0.65%.

Details

Rates and fees information correct as at 16 June 2024. 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

$2.00

Flat $2 fee brokerage on trades up to $20,000, for all ASX listed shares & LICs, $10 minimum. 0.01% for trades larger than $20,000.

0.01%

Flat $2 fee brokerage on trades up to $20,000, for all ASX listed shares & LICs, $10 minimum. 0.01% for trades larger than $20,000.

n/a

no

$0.00

n/a

n/a

Tools

no

Features

REITs

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

25 Qantas Points per ASX-listed shares traded. US shares transfer fee 65bps applies.

Additional fees may apply for sell US trades.

Customer Reviews

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About Superhero

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