Superhero Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 10 AUD
- Webterminal
- Mobile Apps
- No
- Currency conversion fees apply, fractional U.S. stock trading
Our Evaluation of Superhero
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Superhero is a broker with higher-than-average risk and the TU Overall Score of 4.45 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Superhero clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
How we tested Superhero
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Superhero
Superhero is an Australian company that provides a digital platform for trading securities in Australia and the United States. It operates under an ASIC license (Australian Securities and Investments Commission, 430150) and serves residents and tax residents of Australia, New Zealand, the United States, and other countries. Superhero has been in operation since 2018 and began offering access to U.S. stocks and ETFs in 2021. The platform provides access to more than 7,000 assets and supports accounts that combine investment opportunities with retirement planning. In 2024 and 2025, Superhero was recognized by Money Magazine as the best online stock broker.
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- Reliable regulation in Australia and registration as an FSP in New Zealand.
- Easy-to-use web platform and mobile app.
- Low trading fees for transactions with securities listed on the Australian Securities Exchange (ASX).
- Wide selection of assets and access to diversified ready-made portfolios.
- Low minimum investment starting at AUD 10.
- Online account opening and verification without an in-office visit.
- Access to U.S. company stocks that pay dividends.
- Conversion fees from AUD to USD apply when trading on U.S. markets.
- Limited news, analytics, and educational materials on the website.
- No leverage available for trading.
TU Expert Verdict
Chief Analytics Officer
Superhero provides a digital platform for trading over 7,000 Australian and U.S. stocks and ETFs, supporting web and mobile access. It operates under an ASIC license, collaborates with Apex Clearing Corporation LLC for U.S. brokerage services, and participates in the SIPC protection scheme for eligible U.S. securities. Clients can open various account types including Individual, Minor, Company, Trust, and SMSF accounts with a minimum deposit of AUD 10. Trading is offered with flat low commissions, fractional U.S. stock trading, and access to both market and limit orders, though no leverage is available.
Drawbacks include conversion fees from AUD to USD when trading U.S. stocks, a lack of leverage for traders seeking margin trading, and limited educational resources. Superhero is not a member of Australia’s investor compensation scheme. This broker may suit fee-sensitive investors interested in Australian and U.S. equities, but it may not be suitable for active traders who prioritize leverage or advanced research tools.
Superhero Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities and fixed income can be significant.
| 💻 Trading platform: | Superhero mobile app, web terminal |
|---|---|
| 📊 Accounts: | Individual, Minor, Company, Trust, SMSF |
| 💰 Account currency: | AUD |
| 💵 Deposit / Withdrawal: | PayID, Bank Transfer, BPAY |
| 🚀 Minimum deposit: | 10 AUD |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | 10 AUD, 10 USD |
| 💱 EUR/USD spread: | $2, from 0.01% for turnover above $20,000 |
| 🔧 Instruments: | Australian and U.S. stocks and ETFs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Limit, Stop Loss, Recurring |
| ⭐ Trading features: | Currency conversion fees apply, fractional U.S. stock trading |
| 🎁 Contests and bonuses: | Yes |
To start trading, clients must fund their accounts with a minimum of AUD 10. Trading U.S. stocks requires converting Australian dollars into U.S. dollars through the Superhero Wallet. Leverage is not available. Trading is conducted via the mobile app and web platform. Superhero offers several account types for retail traders and companies, supports fractional U.S. stock trading, and provides both market and limit order options.
Superhero Key Parameters Evaluation
Trading Account Opening
To start trading with Superhero and access the broker’s services, a trading account must first be opened. Follow these steps:
On any page of the official website, click the "Get Started" button.
Select the broker’s division: Australia or New Zealand.
Enter your contact information, including email address and phone number.
Create a secure password.
Complete the standard registration form with personal details such as last name, first name, date of birth, address, passport or driver’s license number, and Tax File Number (TFN).
Superhero’s user account allows traders to:
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Deposit funds.
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Place trading orders.
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Set up recurring payments.
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Track the performance of individual investments and the entire portfolio.
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Manage watchlists.
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Access company news for tracked stocks.
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View dividend statements (interim, final, special), fees, and expenses.
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Review pending orders, recent trading activity, transaction reports, and realized/unrealized profit.
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Contact support through live chat.
Is Superhero Safe?
Superhero is a trading name of Superhero Securities Limited. It is regulated by ASIC and holds an Australian Financial Services Licence (AFSL 430150).
The group includes Superhero Nominees Pty Ltd, which serves as the custodian and Superhero Markets Pty Ltd as the operator of the trading platform. Superhero partners with Apex Clearing Corporation LLC, which provides brokerage and execution services in the U.S. Apex is registered with the SEC, is a FINRA member, and is a participant in SIPC. SIPC protects each Superhero client holding U.S. securities up to $500,000, including $250,000 for cash claims.
Advantages
- Client funds are held separately from broker capital in segregated bank accounts.
- Constant supervision by respected regulators in Australia and the U.S.
- Participation in SIPC compensation scheme.
- Two-factor authentication (2FA) is implemented.
Disadvantages
- Without verification, deposits and withdrawals cannot be processed.
- Regulators may overlook complaints from traders with small investment amounts.
- The broker is not part of Australia’s compensation scheme.
- Bank transfers are the preferred method for deposits and withdrawals.
Commissions and Fees
Superhero applies a unified commission rate for U.S. and Australian stocks. For trades up to AUD 20,000 or USD 20,000, a flat commission of AUD 2 or USD 2 applies. For larger trades, the fee is 0.01% of the trade size. Deposits and withdrawals through PayID are free. Payments made through BPAY incur a fee of $1 per transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Individual brokerage account | USD 2 / AUD 2 | BPAY withdrawal fee applies |
There are no account maintenance or inactivity fees.
Account Types
Superhero offers several account types for individuals and legal entities.
Trading U.S. stocks requires completion of the W-8 BEN form. Superhero services are also available outside Australia. The current list of supported countries is available via support chat.
Deposit and Withdrawal
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Deposits via PayID: free, usually instant or with a short delay.
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Deposits via BPAY: 1 AUD fee (deducted from the transfer).
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Bank transfers: no deposit fee.
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BPAY deposits may be held for up to 5 calendar days. PayID deposits are usually unrestricted but may take up to one business day to appear in the wallet.
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Funds from stock sales become available for withdrawal two trading days after the transaction date.
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Withdrawals require linking a personal bank account in the account holder’s name. Funds can only be withdrawn in AUD.
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No withdrawal fee if a properly linked personal bank account is used.
Investment Options
Superhero allows clients to hold stocks and ETFs that pay dividends. It also offers several investment strategies in the form of ready-made portfolios with different levels of risk, asset allocation, and growth objectives.
Superhero Portfolios – tailored strategies for investors
Superhero provides multiple investment strategies that enable clients to choose their preferred level of control over savings and risk. These options allow investors to work with fully managed portfolios or more specialized ones focused on specific goals.
Available portfolio types:
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Diversified. Features Australian and global stocks, real estate, fixed income (bonds), and cash. Options vary by growth level, from high-growth to conservative.
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Single Sector. Focused on a single asset class (e.g., only Australian stocks or only bonds). Offers more control but higher risk due to less diversification.
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Thematics. Based on themes or trends (technology, sustainability, health, gold, etc.), generally through ETFs.
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Direct. Allows investing directly in specific securities or ETFs. Provides maximum flexibility but requires more knowledge and risk management.
Superhero partnership program
Superhero offers a referral program. Existing users can invite new clients through a unique link. If the invited client registers and meets the requirements, both the inviter and the referral receive a reward in stocks.
Conditions:
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Invited client must deposit at least AUD 100 within 30 days of registration.
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Reward: US$10 worth of Nvidia shares.
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Referral may open any account type, as long as it is their first Superhero account.
Customer Support
The support center operates from 9:00 to 17:00 AEDT, Monday through Friday, excluding Australian public holidays.
Advantages
- Detailed responses available even without an active account.
- Chat operators respond within 1–2 minutes.
Disadvantages
- Few support channels.
- Chat unavailable 24/7.
- No access to a personal manager.
Available contact channels:
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Email.
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Call center.
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Online chat.
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Social media (X, Facebook, Instagram, LinkedIn).
Chat is available both on the website and in the User Account.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | 82-88 Elizabeth St, Sydney NSW 2000, Australia |
| Regulation |
ASIC
Licence number: AFSL 430150 |
| Official site | https://www.superhero.com.au/ |
| Contacts |
1300 675 148
|
Education
Education is not a priority for Superhero. The Learn section includes only a limited number of articles.
The broker does not provide seminars or webinars.
Detailed review of Superhero
Superhero provides access to more than 2,500 ASX-listed stocks and ETFs and 4,500 U.S. securities. Fractional U.S. stock trading is supported. The broker is registered with CHESS, the Australian Securities Exchange clearing and settlement system, which means investors own real Australian stocks held with FinClear, a regulated custodian.
Superhero by the numbers:
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Operating since 2018.
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More than 7,000 tradable assets.
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Over 400,000 investors.
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More than $3 billion under management.
Superhero – a regulated broker for U.S. and Australian securities
Shares purchased through Superhero can be transferred to another broker if the company ceases operations, although fractional shares cannot be transferred. Client trades are executed in real time during market hours: ASX from 10:00 to 16:00 AEST and U.S. from 9:30 to 16:00 EST. Real-time U.S. market data is provided under Nasdaq licensing agreements. Superhero does not provide personalized financial advice, only general guidance.
All registered users can trade through the mobile app or website. The trading platform displays real-time market data and allows users to add assets to Favorites for convenient tracking.
Useful Superhero services:
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Invest tab. Groups stocks by sector (tech, e-commerce, healthcare, tourism, etc.).
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Market news. Part of the Learn section, where analysts publish reviews.
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FAQs. Explains trading conditions, commission structure, and how to trade ASX and U.S. stocks.
Advantages:
Established in 2018 and regulated by ASIC.
Direct partnership with Apex Clearing, which is a SIPC member.
Minimum investment amount is AUD 10 or USD 10 with optional recurring deposits.
Free deposits and withdrawals with PayID transfers.
Quick and detailed live chat support without unnecessary sales pressure.
Full legal documentation available on the website.
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