Superhero Review 2026 — $2 ETF Brokerage, ASX & US Shares
This article provides general information only and does not constitute financial advice. For advice tailored to your situation, consult a licensed financial adviser. Learn more.
Contents
Superhero is an Australian investing platform founded in 2020, offering some of the lowest brokerage fees available in Australia — $2 flat for ASX ETFs and $5 for individual ASX shares. It has become a popular platform for buy-and-hold investors, particularly ETF investors making regular contributions. In 2026, Superhero offers ASX shares, ETFs, and US market access through a clean mobile-first interface.
Superhero at a Glance
| Feature | Detail |
|---|---|
| ASX ETF brokerage | $2.00 flat per trade |
| ASX shares brokerage | $5.00 flat per trade |
| US shares brokerage | $0 (commission-free) |
| Monthly fee | $0 |
| CHESS sponsored (ASX shares) | Yes |
| CHESS sponsored (ASX ETFs) | Yes |
| Minimum investment | $100 |
| Fractional shares | US shares only |
| Auto-invest | Yes (Superhero Plans) |
| Mobile app | Yes |
Brokerage Fees Compared
| Trade | Superhero | SelfWealth | CommSec |
|---|---|---|---|
| ASX ETF — $1,000 | $2.00 | $9.50 | $19.95 |
| ASX shares — $2,000 | $5.00 | $9.50 | $19.95 |
| US shares — $2,000 | $0 | USD $9.50 | USD ~$20 |
Superhero’s $2 ETF fee is among the lowest on the ASX market. For regular ETF investors contributing monthly, the brokerage saving compared to CommSec or even SelfWealth is substantial over time.
CHESS Sponsorship
Superhero is CHESS sponsored for both ASX shares and ETFs — a significant improvement from its earlier custodian-only model. CHESS sponsorship means shares are held directly in the investor’s name with a HIN. See CHESS vs Custodian.
Superhero Auto-Invest (Superhero Plans)
Superhero offers an automatic investment feature called Superhero Plans — allowing investors to schedule recurring purchases of ASX ETFs. This makes Superhero one of the few CHESS-sponsored platforms supporting automatic dollar-cost averaging into ETFs. Pearler is the main competitor in this space. See Superhero vs Pearler.
US Share Access
Superhero offers commission-free US share trading, which is compelling for investors wanting exposure to US-listed companies or ETFs. Fractional US shares are available, allowing smaller investments into high-priced stocks. Note that most US-domiciled ETFs are not accessible to Australian retail investors — ASX-listed equivalents are generally recommended.
Superhero Pros and Cons
Pros
- $2 flat ETF brokerage — lowest on the ASX
- $5 flat ASX share brokerage
- Commission-free US shares
- CHESS sponsored (ASX)
- Auto-invest / recurring investment feature (Plans)
- Low minimum ($100)
- Clean, modern mobile interface
Cons
- Research and data tools are basic vs CommSec
- No options or margin lending
- Limited charting tools for active traders
- Auto-invest is ETF-focused, not single stock
Who Is Superhero Best For?
Superhero suits:
- ETF investors making regular contributions (DCA)
- Beginners wanting a clean, low-cost platform
- Investors wanting commission-free US share access
- Investors who want auto-invest with CHESS sponsorship
CommSec or SelfWealth may suit active ASX traders wanting more research tools.
Related Articles
- Superhero vs Pearler
- Stake vs Superhero
- Best ETF Broker Australia
- CHESS vs Custodian Explained
- Brokerage Fees Comparison Australia
- Share Trading Platforms hub
Frequently Asked Questions
Is Superhero CHESS sponsored? Yes. Superhero moved to CHESS sponsorship for ASX-listed securities. Shares are held in the investor’s name under their own HIN.
Is Superhero safe? Superhero operates under an AFSL regulated by ASIC. Client cash is held in a trust account separate from Superhero’s own funds.
Does Superhero charge monthly fees? No monthly or inactivity fees. Brokerage is charged per trade only.
This article provides general financial information only. Superhero fees and features described are as of the date of publication and may have changed. For advice tailored to your situation, speak with a licensed financial adviser. You can find one through the ASIC financial advisers register or MoneySmart.