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Superhero
29.4.26
Superhero
Superhero Review for traders in Australia: ASIC-regulated, $2 ETF brokerage with super investing since 2020
Superhero is one of Australia's most compelling low-cost platforms — ASIC-regulated, with flat fees as low as $2 for ETFs, fractional US shares and a clean mobile experience. Its integration of investing and superannuation in one app is a genuine differentiator. A strong choice for younger Australians starting their investing journey who want to keep costs low.
Consensus Rating
The rating evaluates 42 key factors, from regulation and costs to execution, product offering and support. The score combines analysis from multiple experts and competitor comparisons to provide an aggregated and balanced assessment. This reduces individual bias and offers a more reliable reference for broader market consensus.
Alternative Provider
AvaTrade
AvaTrade holds a direct ASIC license in Australia — some of the strongest retail trader protections available in the region. For Australian traders who want genuine regulatory depth alongside a broad instrument range, copy trading tools and AvaProtect trade insurance, it's one of the more complete regulated options on the market.
Superhero is an Australian online investment platform regulated by ASIC, founded in 2020. It offers ASX and US-listed equities, ETFs, and managed funds with low flat-fee brokerage ($2 for ASX ETFs, $5 for ASX shares) and fractional US share investing. Superhero is known for its modern mobile app, low minimum investment, and appeal among younger Australian investors. It also offers superannuation products through its Superhero Super offering, making it one of the few platforms combining investing and super in a single app.
Available locally?
Foundation
2020
Minimum Deposit
A$ 0
HQ
Payment Methods
Regulators
ASIC
Trades at the Stock Exchange?
❌
How to Open an Account
1. Go to the official website >
Visit the app's official website (or download it from the App Store/Google Play) to get started from a trusted source.
2. Open an account
Register, enter your basic information, and set up secure login. If available, enable two-factor authentication for extra protection.
3. Verify your identity
Complete the verification process with the required documents, such as an ID card or passport, and proof of residence (e.g., an electricity bill or bank statement).
4. Add funds
Choose how to use the service: bank transfer, card, or linked account (depending on the app). Check fees, limits, and processing times before confirming, as they may vary.
5. Make your first transaction
Find the function you need in the app, set the amount or limit (if applicable), and confirm.
Advantages
Regulation & Trust
Investor Compensation Scheme
Compensation program available if the company becomes insolvent.
Costs
Transparent Fee Structure
Fees, spreads, and commissions are clearly disclosed.
Regulation & Trust
Clean Regulatory Record
No significant regulatory penalties or violations reported.
Regulation & Trust
Segregated Client Funds
Client funds kept separate from company operational funds.
Market Access
ETF Trading
Exchange-traded funds available for trading.
Trading Platform & Execution
Web Trading Platform
Trading accessible through a browser without software installation.
Costs
Commission-Free Trading
Some instruments can be traded without paying commissions.
Costs
Low Trading Fees
Competitive costs help reduce overall transaction expenses.
Trading Platform & Execution
Mobile Trading App
Trading possible directly from a mobile application.
Account & Funding
Low Minimum Deposit
Accounts can be opened with relatively small starting capital.
Disadvantages
Regulation & Trust
Less than 5 Years in Business
Limited operating history and short track record.
