True to its mission of constructing investing extra accessible and reasonably priced, Superhero, a number one share buying and selling and superannuation platform, has slashed brokerage prices, offering entry to Australian and Wall Road shares and ETFs from simply $2 a commerce.
Superhero Co-Founder and CEO John Winters stated, “Superhero was began with a transparent imaginative and prescient to offer each Australian equal alternative to profit from their cash regardless of their monetary standing, expertise or demographics. We’ve at all times strived to interrupt down the limitations to wealth creation that stand in the way in which of Australians.
“Whether or not it’s producing funding returns, incomes Qantas factors, paying decrease charges, or best-in-class digital expertise, we need to proceed to drive success for our clients.”
From right now, Superhero clients can pay $2 brokerage per commerce on all ASX trades as much as $20,000 (0.01% price for trades over $20,000). The identical pricing will apply in US {dollars} for U.S. trades from 1 Could 2024.
The platform, already awarded as Australia’s Greatest Worth share buying and selling platform, stated the simplified $2 brokerage for AUS and US trades makes it one of many lowest-cost in Australia and is full of premium options.
Increased brokerage prices could make a considerable distinction to funding returns over time.
“Whether or not it’s a 90% low cost to commerce Aussie shares in comparison with the incumbent banks or 33% cheaper than our closest competitor, we consider a greenback saved needs to be a greenback invested,” stated Winters.
Together with the brokerage adjustments, Superhero’s new FX switch price will transfer to 65 foundation factors, a 5-point lower from the present fee saving buyers US$2.50 on a $5,000 FX switch.
Since launching in 2020, the home-grown Aussie firm has gained Canstar’s 2023 Most Happy Clients Award for On-line Share Buying and selling, MoneyMagazine’s Greatest Worth buying and selling platform (three years in a row, 2022, 2023, and 2024), and now has nearly 300,000 Aussies who’ve $2 billion invested on Superhero.
Tech-savvy Millennials and Gen Z make up 68% of Superhero’s buyer base. These clients count on an distinctive and extremely intuitive app expertise. Not like the legacy gamers, Superhero is constructed to harness expertise to unravel buyer ache factors. The award-winning and feature-packed app fits everybody from skilled merchants to first-time buyers.
For rookies, there’s by no means been a greater time to start out investing with a $10 minimal funding on Superhero. To place issues in perspective, $10 invested in Pilbara shares 10 years in the past could be price over $2,000 right now (excluding dividends).
For skilled merchants, premium options like stay pricing, complete portfolio reporting, real-time deposits, and prompt FX transfers are all included within the providing.
“We’re fixing buyer ache factors rooted in legacy techniques. Superhero will proceed to ship world-class buyer expertise and wealth-tech options, democratising wealth creation for Australians throughout buying and selling and superannuation.”
