True to its mission of creating 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 Avenue shares and ETFs from simply $2 a commerce.

Superhero Co-Founder and CEO John Winters mentioned, “Superhero was began with a transparent imaginative and prescient to supply each Australian equal alternative to benefit from their cash regardless of their monetary standing, expertise or demographics. We’ve at all times strived to interrupt down the boundaries to wealth creation that stand in the best way of Australians.

“Whether or not it’s producing funding returns, incomes Qantas factors, paying decrease charges, or best-in-class digital expertise, we wish to proceed to drive success for our clients.”

From at the moment, Superhero clients pays $2 brokerage per commerce on all ASX trades as much as $20,000 (0.01% payment for trades over $20,000). The identical pricing will apply in US {dollars} for U.S. trades from 1 Might 2024.

The platform, already awarded as Australia’s Greatest Worth share buying and selling platform, mentioned the simplified $2 brokerage for AUS and US trades makes it one of many lowest-cost in Australia and is filled with premium options.

Greater 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,” mentioned Winters.

Together with the brokerage adjustments, Superhero’s new FX switch payment will transfer to 65 foundation factors, a 5-point lower from the present charge saving traders US$2.50 on a $5,000 FX switch.

Since launching in 2020, the home-grown Aussie firm has gained Canstar’s 2023 Most Glad Prospects 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 virtually 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 know-how to unravel buyer ache factors. The award-winning and feature-packed app fits everybody from skilled merchants to first-time traders.

For newcomers, there’s by no means been a greater time to begin investing with a $10 minimal funding on Superhero. To place issues in perspective, $10 invested in Pilbara shares 10 years in the past can be price over $2,000 at the moment (excluding dividends).

For knowledgeable merchants, premium options like dwell pricing, complete portfolio reporting, real-time deposits, and immediate 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.”