October 2, 2023

How to trade shares with Superhero

Superhero is an investment platform offering $0 brokerage on U.S. shares (other fees may apply) and $5 brokerage on ASX shares. Learn how to invest with Superhero.

By Superhero Team

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Once you’ve created an account with Superhero and funded your Superhero wallet, you can finally begin your investing journey with us!

This guide will walk you through the process of searching for stocks and how to trade shares with Superhero.

Please note, a minimum of A$10 must be available in your Superhero Wallet to start trading. More information below.

What investments can I access on Superhero?

Superhero provides you access to the different investment securities offered on both the Australian and U.S. stock exchanges.

Including shares, you may find the following types of securities on Superhero:

Equities or stocks: shares in public companies listed on the stock exchange.
Exchange Traded Funds (ETFs): shares of a fund that holds a portfolio of securities. These shares can be traded on an exchange.
Real Estate Investment Trusts (REITs): are trusts that own, operate or finance income-producing properties such as apartment buildings, offices, retail centres and warehouses. REITs generally aim to pay out regular distributions to investors that it’s earned from rental income and/or capital gains.

While the above are some of the most popular investment types being traded on Superhero, it’s not an exhaustive list. Superhero also offers access to Listed Investment Companies (LICs), hybrids and other securities that are available on the Australian and U.S. markets.

How to search for shares on Superhero

Searching for a specific share

If you’ve already got a specific security in mind that you’d like to invest in, you can easily find it by using Superhero’s search function.

The video below outlines the process for using the search function on Superhero:

Placing a trade

To buy or sell shares you own, you may do so by clicking on the stock on your Superhero Dashboard. For stocks you don't own or follow, you may use the search function.

Watch the videos below to visualise the process of placing a trade.

Placing a buy trade on Superhero

Placing a sell trade on Superhero

If you've placed a Limit Order, it will be listed under Pending Orders in your Dashboard until it executes. These orders can remain pending for up to 30 days. If the order hasn't been completed within this period, it will expire and you would have to make a new Limit Order. You have the option to cancel Pending Orders at any time before they are executed.

Minimum trade orders and order types

ASX-listed securities

Superhero requires a minimum trade order of A$10 for ASX-listed securities, including brokerage.

Fractional shares trading is not available for Australian shares. This means that you will need to at least invest the price of one whole share you wish to trade.

For example, if you want to invest in a company with a share price of A$200, you will need to invest at least A$200 to purchase one share.

U.S. securities

Superhero has a A$100 minimum transfer from AUD to USD and a US$10 minimum trade size for U.S. securities. Do note that a FX transfer fee applies.

Superhero allows the trading of fractional shares for U.S. securities, which means you do not have to trade whole shares. You may simply specify a dollar amount you wish to trade and purchase a fraction of a share – as much as your investment can purchase.

For example, investing US$50 into a company that has a share price of US$500 means you would receive 0.1 or 1/10 of its share.

Market and Limit Orders

Superhero provides both limit and market order options for Australian and U.S. trades.

If you simply wish to invest in a stock at the market price, this is a Market Order. If you wish to specify the price at which you are willing to buy or sell a stock, this is a Limit Order.

Both types of orders are available on the Superhero platform.