Share Trading comparison
Sharesies vs Superhero
The biggest practical difference between Sharesies and Superhero comes down to how you pay. Sharesies uses a tiered monthly subscription model (or pay-as-you-go at 1.9% capped at $6), while Superhero charges a flat $2 brokerage on ASX trades up to $20,000 and $2 USD on US trades. That makes Superhero cheaper for occasional traders and Sharesies more cost-effective for very small or frequent trades — especially if you use one of its monthly plans.
Choose
Sharesies
if…
- ›You want to trade with very small dollar amounts — Sharesies has no minimum trade size and supports fractional shares on both ASX and US markets.
- ›You want to invest for kids — Sharesies offers a dedicated Kids plan ($2/month) with separate managed accounts.
- ›You want a platform with dividend reinvestment (DRP) — Sharesies supports DRP on eligible holdings; Superhero does not.
- ›You want to trade after hours or use conditional/stop-loss orders — Sharesies supports overnight trading and stop-loss orders; Superhero does not.
Choose
Superhero
if…
- ›You are an occasional trader making ASX trades under $20,000 — Superhero's flat $2 brokerage is hard to beat.
- ›You want to open a company, trust or SMSF account — Superhero supports all three; Sharesies only offers individual and kids accounts.
- ›You want free real-time ASX market data — Superhero includes it at no cost; Sharesies does not offer free real-time data.
- ›You want Sharesight integration for portfolio tracking — Superhero integrates with Sharesight; Sharesies does not.
- ›You want to trade US stocks without paying a percentage fee — Superhero's flat $2 USD per trade is simpler and cheaper than Sharesies' capped 1.9% model for larger US trades.
Where they differ
| Fact | Sharesies | Superhero |
|---|---|---|
| ASX brokerage (under $20k) | 1.9% capped at $6 (or covered by monthly plan) | Flat $2 |
| Fractional shares (ASX) | Yes | No |
| Account types | Individual, kids | Individual, kids, company, trust, SMSF |
| DRP (dividend reinvestment) | Yes | No |
| Minimum deposit / trade | $1 | $100 |
Verdict
Choose Sharesies for micro-investing, kids accounts and fractional ASX trades; choose Superhero for flat $2 brokerage and entity accounts.
Cost calculator
What would Sharesies vs Superhero actually cost you?
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All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Sharesies | Superhero |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | custodian |
| Individual HIN | No | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | No | Yes |
| Trust account | No | Yes |
| SMSF account | No | Yes |
| Kids / minor account | Yes | Yes |
| asset coverage | ||
| ASX shares supported | Yes | Yes |
| ASX ETFs supported | Yes | Yes |
| US shares supported | Yes | Yes |
| US ETFs supported | Yes | Yes |
| Other markets supported | NZ | |
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | Yes | Yes |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | — |
| costs hidden | ||
| FX spread (AUD/USD) | 0.6% | 0.5% |
| FX spread (other currencies) | 0.6% | — |
| Holds USD account | Yes | No |
| FX currency switch trick | No | — |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | No fee for receiving DRP shares ('You don't pay a Sharesies transaction fee when you receive shares through a DRP'). Sharesies handles corporate actions via the Voting & Corporate Actions Policy; specific fees for rights issues, SPP, takeovers not separately listed in pricing schedule. | — |
| costs visible | ||
| ASX brokerage minimum | $0 | $2 |
| ASX brokerage percentage | 1.9% | 0.01% |
| ASX brokerage threshold | $315.79 | $20,000 |
| ASX free trade conditions | Pay-as-you-go: 1.9% per buy/sell order, capped at AU$6 for ASX, US$5 for US, NZ$25 for NZ. Monthly plans cover transaction fees on a set volume: $5/mo plan ($54/yr) covers $500 AUD buy/sell + $1,000 AUD auto-invest; $10/mo plan ($108/yr) covers $1,000 AUD buy/sell + $3,000 AUD auto-invest; $20/mo plan ($216/yr) covers $3,000 AUD buy/sell + $8,000 AUD auto-invest. Kids plan $2/mo covers $500 buy/sell + $1,000 auto-invest. Once monthly cover used up, pay-as-you-go applies. No truly free trade option. | — |
| US brokerage minimum | US$0 | US$2 |
| US brokerage percentage | 1.9% | 0.01% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | $50 | — |
| identity and trust | ||
| Legal entity name | Sharesies Australia Limited | Superhero Securities Limited |
| AFSL number | 529,893 | 430,150 |
| Year founded | 2,021 | 2,020 |
| Parent / ownership | Sharesies Group Limited (New Zealand) | Independent (founder-controlled). Previously merged into Swyftx in 2022; demerger completed December 2022 returning ownership to co-founders John Winters and Wayne Baskin. |
| Country of incorporation | AU | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $1 | $100 |
| Minimum subsequent purchase | $1 | $100 |
| Deposit methods | PayID, OSKO, direct credit, card | PayID, BPAY, bank transfer |
| Settlement period | T+2 ASX/NZX, T+1 US | T+2 for ASX, T+1 for US |
| Withdrawal time | 1-2 business days for settled funds; longer if recently sold (T+2 settlement plus 1-2 days reconciliation plus 1-2 days bank transfer) | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | No | Yes |
| Free research reports | No | No |
| 2FA support | authenticator_app | SMS |
| Customer support channels | email, in_app | email, in-app chat |
| Support hours (AU time) | Monday to Friday, 6 AM to 4 PM AEST | Monday-Friday 9:00am-5:00pm AEST |
| Education content | basic_articles | basic |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | — |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | No | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | — |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple_assets | multiple |
| DRP (dividend reinvestment) | Yes | No |
| After-hours / overnight trading | Yes | No |