In this guide

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  • Details
    • Platform details
  • Your reviews
  • Ask a question
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Superhero share trading
Finder score
Standard brokerage fee
Available markets
Email, Live chat

Our verdict

Pay $0 brokerage for US shares and ASX ETFs, as well as a $5 flat fee for ASX shares.

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Superhero is an Australian share trading platform that is accessible and low cost. With access to more than 2,500 ASX listed companies, $2 brokerage on ASX shares up to $20,000, Superhero is a solid pick for retail investors.

One of the key benefits is the broker makes signing up incredibly easy compared with many of its competitors.

In another handy feature, it breaks down shares and ETFs into "themes", allowing for a complete beginner to understand what they are buying.

However, like anything in life, you get what you pay for. The basic trading account, while free, only allows investors to buy at the market order price. It also has limited tax features. If you buy the "live account" it overcomes these issues, allowing for limit orders and tax invoices. Neither accounts have advanced analytics or allow investors to trade in a wide variety of markets.

Despite its limitations, overall it should appeal to most retail investors.


  • Low brokerage fees
  • ASX and US stock trading
  • No monthly fees
  • Start investing with just $10 per trade
  • Live pricing
  • Real-time FX transfers


  • Minimal trading features
  • Can't trade outside the US or ASX markets

In this guide

  • Our verdict
  • Details
    • Platform details
  • Your reviews
  • Ask a question

Superhero is a share trading platform which charges brokerage fee to trade ASX stocks up to $20,000. You can get started with a low minimum trade size of just $10.


Platform details

Type of broker Online
ASX products Shares, Exchange traded funds
Available markets ASX, NASDAQ, NYSE
Standard brokerage fee US$0
Support Email, Live chat
Go to site
More Info

Superhero key features

brokerage fee for ASX stocks and ETFs up to $20,000

There's a low brokerage fee of just $2 to trade Aussie shares and ETFs

You will be charged this fee for all trades up to $20,000, while trades over that amount will incur a fee of 0.01% of the trade value.

Zero brokerage US stocks

You can buy and sell US stocks and ETFs for $0 commission per trade.

You can also start investing if you have $100 or more. This is done through fractional investing, or buying a fraction of a share.

Real-time FX orders

Currency exchange transfers happen immediately rather than needing to wait days to switch from AUD to USD (in order to trade US stocks).

Low minimum trades

You can invest in Australian and US stocks with a minimum investment of just $10. This is much lower than the standard minimum investment amount of $500 for Australian companies, as set by the ASX.

Cash funds are held with NAB

Your Superhero wallet within the app is used as your cash management account. This is where you can transfer funds so they're ready to be used to place trades. The money in your Superhero wallet account is held with NAB.

You can transfer money into your cash account via bank transfer using PayID or via BPAY.

Tax reporting

Superhero offers comprehensive reporting of all transactions and current stock holdings as well as comprehensive tax, performance, dividend and franking credit details, although this is not with its basic account.

Stop Loss features

Superhero allows investors to put a stop losses. This means investors can automatically sell an Australian share or ETF at pre-determined price, should the shares fall to this level.

Real-time prices

You get live stock pricing on charts and when you place orders. This stands out from other trading platforms that typically charge a monthly account fee to access live prices.

Fees and features breakdown

Brokerage fee per trade for stocks and ETFs up to $20,000

$0 for US shares
Monthly account fee$0
Currency conversion fee70 pips (US$0.70 for every AU$100 exchanged)
Inactivity fee$0
Minimum investment$100
ReportingBasic reporting of your transactions and current holdings as well as comprehensive tax, performance, dividend and franking details on your holdings
Order optionsMarket order and limit order

We tested it out

To help gain a better understanding of the broker, we gave it a road test a little while back.

See our findings below.

How does it work?

Superhero's proprietary system is unique from other brokers. It allows Superhero to reduce the minimum investment needed (normally $500) for ASX stocks to $10.

Essentially, Superhero uses a custodian model which is fairly common among brokers including Vanguard Personal Investor and IG, as well as by micro-investment apps such as Raiz and Spaceship.

This means shares bought on Superhero are beneficially held in your name.

Under this model the shares are still in your name, meaning you will receive dividends and can reinvest like any other shareholder.

If Superhero was no longer operating, your shares could be transferred by you from Superhero to another broker account.

According to Superhero's CEO John Winters, the custody model still uses ASX's CHESS, but it utilises a single Holder Identification Number (HIN) on CHESS. Superhero’s tech consolidates settlements at the end of the trading day to reduce costs.

Is Superhero safe for beginners?

Superhero is one of the better platforms for beginners.

The company has a lot of nifty features for newer investors. These include fee-free buying on ETFs and low minimum deposits.

Given the broker does not offer riskier asset choices such as CFDs, investors avoid the temptation of trading in more speculative assets.

Who should use Superhero?

Given Superhero is a low-cost broker option it is suited to most retail investors.

In Australia, you can trade with Superhero for $2 brokerage and pay US$0 on US trades. This is one of the cheaper products on the market.

With a hassle-free, easy-to-use platform and fee-free transactions, Superhero should appeal to the majority of investors.

It becomes less suitable for investors who want sophisticated research as part of their trading platform or investors looking to trade options other than shares. It is also not suited for investors who are looking to buy shares outside of Australia or the US.

Other products offered by Superhero

Aside from its share trading platform, the company has diversified into other areas.

Superhero has also launched company accounts, including trusts and SMSFs with a corporate trustee.

How to open a Superhero account

You can open an account in just 10 minutes by following these steps:

  1. Head to the Superhero website.
  2. Register your details. Enter your name, email and phone number to start your account registration.
  3. Verify your identity. You'll need to supply your Australian passport, driver's licence or Medicare card details.
  4. Fund your account. Once Superhero has verified your identity, you can transfer money to your Superhero Wallet via BPAY or PayID and start trading. You'll find these details by navigating to your wallet in the app.

Superhero has also launched a mobile app version of the platform for iOS and Android users.

To see our hands-on review of the product click here.

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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