At $2 per ASX trade and $0 for ETFs, Superhero is the cheapest CHESS-sponsored broker in Australia. Here's every fee, what it costs in practice, and how it stacks up against the competition.
| Fee type | Superhero charge | Notes |
|---|---|---|
| ASX shares | $2 flat | Applies to trades up to $20,000. Larger trades: 0.01% |
| ETF brokerage | $0 | Industry-leading — no fee on any ASX-listed ETF |
| US shares commission | $0 | No per-trade commission on US stocks |
| FX conversion (US trades) | 0.65% | Applied on every AUD → USD conversion |
| Inactivity fee | $0 | No charge for inactive accounts |
| Withdrawal fee | $0 | Free to withdraw funds |
| Minimum deposit | $100 | One of the lowest in AU for CHESS brokers |
| CHESS sponsorship | Included | Your own HIN — direct ownership |
| Superhero Super | $0 brokerage | Self-managed super option available |
Superhero's 0.65% FX fee is the one cost that catches investors off guard. Every time you buy or sell a US share, your AUD is converted to USD — and Superhero charges 0.65% of the trade value for that conversion.
On a $5,000 US trade that's $32.50 in FX costs — on top of the $0 commission. Over a year of regular US investing, that adds up quickly. For comparison, Stake charges 0.5% ($25 on the same trade) and Moomoo charges $0 FX entirely.
If US shares are a core part of your portfolio, the FX fee difference matters. If you invest mainly in ASX shares and ETFs, Superhero's fee structure is excellent.
Here's how Superhero's fees compare to the most popular alternatives for Australian investors:
| Fee type | Superhero | Stake | Moomoo | CommSec |
|---|---|---|---|---|
| ASX flat fee | $2 | $3 | $3 | $10–$19.95 |
| ETF brokerage | $0 | $3 | $3 | $10–$19.95 |
| US commission | $0 | $0 | $0.99 | 0.31% (min $8) |
| FX fee | 0.65% | 0.5% | $0 | ~0.6% |
| Inactivity fee | $0 | $0 | $0 | $0 |
| CHESS sponsored | Yes | Yes | Yes | Yes |
| Min deposit | $100 | $0 | $0 | $0 |
Superhero is ideal if you: invest primarily in ASX shares or ETFs, want CHESS sponsorship at the lowest possible cost, invest in ETFs passively and don't want to pay $3–$10 per purchase, or want a clean simple platform without overwhelming features.
Consider alternatives if you: trade US shares frequently (Moomoo's $0 FX is better), want access to Hong Kong or global markets (IBKR or Moomoo), or want auto-invest functionality (Pearler is purpose-built for that).
$2 ASX trades · $0 ETFs · CHESS sponsored · No inactivity fees
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