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
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Mozo editorial review Superhero Share Trading - last updated: 19 January 2022

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What's hot
  • $0 brokerage on US shares & ETFs
  • Flat $5 brokerage on ASX listed shares
  • A$100 minimum investment (T's & C's apply)
  • 2021 Mozo Experts Choice Award-winner
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 $5 brokerage rate on ASX listed shares, zero brokerage when you purchase ETFs and $5 when you sell, and zero brokerage on US shares and ETFs. Plus traders can get started with a minimum investment of just A$100 (T's & C's apply)! It's no wonder this trading account took out a 2021 Mozo Experts Choice Award in two Casual Trader categories! 

Plus, Superhero are now have a special offer up for grabs - earn up to 5,000 Qantas Points on the first 10 trades or up to 10,000 points for transferring your portfolio to Superhero (5,000 for ASX shares, 5,000 for US shares). But get in quick, the offer is available until the 28th Feb 2022. 

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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 $5, as well as buy ETFs with $0 brokerage and sell them with $5 brokerage - some of the lowest prices currently available. Users can also trade US shares and ETFs with zero brokerage, though a 0.70% 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$100 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.

And don't forget the special offer! Up until the 28th of Feb 2022, Superhero is offering eligible customers the ability to earn up to 5,000 Qantas Points on the first 10 trades or up to 10,000 Qantas Points for transferring your portfolio to Supehero. That's 5,000 for ASX shares and 5,000 for US shares. 

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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 while US share and ETF purchases won't attract a brokerage fee, there is a foreign exchange fee for transfers between Australian and US dollars.

Details

Rates and fees information correct as at 25 January 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

$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

Earn 5,000 Qantas Points when you transfer your Australian shares to Superhero, earn 5,000 when you transfer your US shares to Superhero. Earn 500 Qantas Points per trade on the first 10 full brokerage trades. Ends 28 Feb 2022.

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 on selling). $0 brokerage on US shares (70bp fx applies). 500 Qantas Points on first 10 full brokerage trades. 5,000 Qantas Pts on Aus or US share transfers >$10,000. 100 Qantas Pts on full brokerage trades.

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About Superhero