Sharesies review

Invest in Australian and international shares with no minimum investment required.

Good for

  • Novice investors
  • Access to Australian and international shares and ETFs
  • Ease of use
  • No minimum investment

Not so good for

  • Experienced traders might prefer platforms with more advanced features
  • Downloadable app not available at time of writing

Sharesies is a share trading platform that lets you invest as little as 1 cent into shares and ETFs from Australia, New Zealand and the USA. It’s well worth a look if you’re a novice investor or if you only have a small amount of money to invest, but experienced traders may prefer a platform with advanced trading and analysis features.

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0.5% for trades up to $3,000

Standard brokerage fee


Available markets

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Type of broker
ASX products Shares
Available markets ASX
Standard brokerage 0.5% for
trades up to $3,000

Launched in New Zealand in 2017, Sharesies began offering share trading to Australian investors in 2021.

Who is Sharesies for?

  • New investors. Sharesies offers a user-friendly app and aims to simplify the share trading process for beginners.
  • Small-scale investors. With no minimum investment amount, you can invest as little as one cent.

How easy is it to use?

It’s quick and easy to sign up for a Sharesies account and start trading. To sign up for the platform you’ll need to:

  • Be 18 years or older
  • Have an Australian bank account
  • Provide proof of ID (driver’s licence or passport) and proof of your residential address
  • Provide your tax file number

Once your application has been approved, the platform has been designed to be simple and straightforward to use. The fee structure is transparent and placing an order is easy. Sharesies also offers an online help centre where you can find answers to frequently asked questions and guides on how to use the platform.

Pricing and fees

There are three fees you need to be aware of when you trade on Sharesies: transaction fees, currency exchange fees and card processing fees.

When you buy and sell shares and ETFs, a transaction fee applies. This fee differs based on the size of your trade:

  • 0.5% for trades up to $3,000
  • 0.1% for trades over $3,000

If you need to exchange one currency for another, either in your Sharesies wallet or when making a trade, a 0.40% exchange fee applies.

Finally, when you top up your account with a credit or debit card, a card processing fee of 2.65% + $0.18 applies. A further 2.65% fee is also applied to the card processing fee.

What are the main features?

Sharesies offers the following key features to Aussie investors:

  • No minimum investment. Sharesies has no minimum investment limit, so you can start building your portfolio with as little as one cent.
  • Invest in over 3,000 companies and ETFs. Sharesies provides access to over 3,000 companies and ETFs in Australia, the US and New Zealand. This means you can gain exposure to local companies as well as major global brands such as Tesla and Disney.
  • User-friendly platform. The Sharesies platform is designed to be easy for new investors to understand and use.
  • Transparent fee structure. There are only three types of fees that apply to Sharesies users, and all are clearly outlined before you sign up for an account.
  • Multiple payment options. You can top up your Sharesies wallet via bank account deposit, credit card or debit card.

Is Sharesies trustworthy?

Since launching in New Zealand in 2017, Sharesies has signed up over 350,000 investors who have invested over $1 billion with the platform. There are two key companies behind Sharesies — Sharesies Limited and Sharesies Nominee Limited.

Sharesies Limited is a Registered Financial Services Provider in New Zealand and runs the company, while Sharesies Nominee Limited is in charge of custodial services for customer money.

In Australia, Sharesies AU Pty Limited acts as a representative of Sanlam Private Wealth Pty Limited, which has an Australian Financial Services Licence and is regulated by ASIC.

Sharesies also contracts other brokers to place buy and sell orders on its behalf in Australian and US markets. ASIC-regulated CMC Markets Invest Ltd is its partner in Australia, while US-registered broker DriveWealth takes care of orders on US exchanges.

How does Sharesies work?

Sharesies platform has a few unique features that might raise a few eyebrows. Primarily, the share trading app lets you invest as little as a few cents at a time into Australian stocks. This is unique because you'd normally need to invest $500 minimum into Australian-listed companies. So how do they do it?

When you buy CHESS-Sponsored ASX shares, you're normally provided with a unique holder identification number (HIN) registered by the Australian Securities Exchange as proof of your ownership. Part of having your own HIN means that you must abide by a few rules – one rule is that you must invest at least $500 into each ASX-listed company.

Like Australian share trading platform Superhero, Sharesies gets around this by registering all users on the one HIN. This means your ownership is not recorded by the ASX, but by Sharesies.

How do I sign up?

You can sign up for a Sharesies account by navigating to the Sharesies website and clicking the “Sign up” link. You’ll need to provide your name, email address and phone number, plus create a password for your account. You’ll also need to provide proof of ID and of a valid Australian residential address, as well as provide some tax information and a bank statement.

You can then top up your account with a bank deposit or by using a credit or debit card.

How do I contact Sharesies support?

If you need help with your account or a specific transaction, you can contact Sharesies via email or live chat. The support team is available from Monday to Saturday.

Sharesies also provides an online help centre where you can find guides on how to manage your account, top up your wallet, and place buy and sell orders.

Bottom line

Sharesies certainly has a lot of attractive features that could interest Aussie investors. It’s simple to use, has no minimum investment amount, and provides access to markets both here and overseas. If you’re new to shares and ETFs or just want to start small, Sharesies is definitely well worth a look.

That said, it’s far from the only micro-investing platform out there. Be sure to compare Sharesies with other platforms like Raiz, Superhero and Spaceship Voyager to find out whether it’s right for your needs.

Frequently asked questions

Disclaimer: 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.

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