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What is Superhero?
What is Superhero?
Superhero is a share trading platform that allows users to invest in Australian and US shares. Their platform is easy to use and they offer very competitive brokerage fees with $0 brokerage fees on US shares and $5 brokerage fees on Australian shares. They even have a superannuation offering that allows you to invest your super directly into Australian shares and ETFs.
Superhero was only launched in 2020 so is a newer competitor to the Australian online broker market. In this review I will summarise some facts on Superhero to help you make your decision whether it is the right share trading platform for you.
Superhero Fees
Superhero Fees
Superhero is very fee-competitive for both Australian share trading and US share trading:
No account keeping fee.
No costs to deposit or withdraw money using PayID.
$5 brokerage per trade for Australian shares ($100 minimum trade size).
$0 brokerage per trade for US shares.
Pros and Cons
Pros and Cons
Pros
Low fees.
Access to both the Australian and US markets for trading shares.
Easy to use platform.
Cons
Your holdings are not CHESS sponsored. This means you don't legally own the shares you purchase. This is a potential con as you won't have the ability to vote directly on company matters. It may also be difficult to transfer to a different broker because you won't have your shares under your own HIN. Check out this article to read more on CHESS sponsorship.
Some users have reported difficulty in making withdrawals. You may have to take extra steps like providing bank statements and going through more verification to withdraw.
New User Promotion - Free $10US of Tesla Shares
New User Promotion - Free $10US of Tesla Shares
Superhero has an excellent promotion for new users where if you sign up and deposit at least 100AUD, you can get a reward of $10US of Tesla shares. Use my link here if you wish to take advantage of this deal.
Conclusion
Conclusion
Superhero is a newer share trading platform that has emerged as a very competitive option for both Australian share trading and US share trading.
Overall, I can recommend Superhero as an excellent option for a brokerage option. They have low fees and their platform is easy to use, either through their website or mobile app.
Other top brokers to choose from:
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