Sharesies

Sharesies Review: Regulation, Fees and Broker Analysis

Unclaimed profile

Sharesies is an Australasian retail investment platform regulated by the FMA in New Zealand and ASIC in Australia (AFSL 529893).

Best forFractional SharesMicro-InvestingBeginnersNot ideal forMetaTrader users

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79

/ 100

BrokerBazaar Score

Good

Evidence-based, 0–100

Data confidence 70%

$0 (No minimum order size; fractional investing available from 1 cent)

Min Deposit

0.0 (Exchange order book e…

Spreads From (indicative)

1:1

Max Retail Leverage

From A$6.00

Commission

Group-level figures · Full cost schedule

Researched by
BB Team
Reviewed by
BB Team
Last verified
28 Sep 2026
Next review due
27 Dec 2026

How we tested this broker·Meet the review team

Section 01

About

About Sharesies

Company Provided

Grievances must be lodged first with the Sharesies Investor Care and Dispute team. Unresolved disputes in New Zealand can be formally escalated to Financial Services Complaints Limited (FSCL; Participant No. 7136). Unresolved Australian disputes can be referred to the Australian Financial Complaints Authority (AFCA). Sharesies operates a pooled custodial/nominee ownership model where shares are held beneficially for the client via Sharesies Nominee Limited, rather than direct individual CHESS sponsorship (HIN).

Since 2017 Wellington, New Zealand 2 regulators listed

Expert Verdict

Sharesies is an Australasian retail investment platform regulated by the FMA in New Zealand and ASIC in Australia (AFSL 529893). Featuring fractional share purchasing across NZX, ASX, and US bourses with zero minimums, it is well suited for novice investors, families, and regular dollar-cost averagers, though larger volume traders must factor in its custodial nominee holding model.

Pros

  • No minimum investment threshold, enabling fractional share purchases starting from 1 cent
  • Certified B Corp status with strong emphasis on financial accessibility and ESG principles
  • Unified access to New Zealand (NZX), Australian (ASX), and US equities within a single portfolio
  • Dedicated Kids Accounts and automated recurring auto-invest portfolios

Cons

  • Custodial nominee structure means Australian shares are not directly CHESS sponsored with a personal HIN
  • Transaction percentage fee of 1.9% can be comparatively expensive on smaller parcel sizes under the cap
  • Outbound share transfer fees apply (A$50/NZ$50 per investment line) to transfer holdings to an external broker
  • Customer service does not offer an inbound direct phone support hotline for immediate dealing

BrokerBazaar Overview

Independent

Founded in Wellington in 2017, Sharesies has expanded into one of New Zealand and Australia's widely used wealth platforms, catering to over 600,000 retail users. In New Zealand, the platform operates under Sharesies Limited (FSP550746) holding a Financial Advice Provider license from the Financial Markets Authority (FMA), while Australian operations are managed under Sharesies Australia Limited via ASIC Australian Financial Services Licence AFSL 529893.

The platform's primary appeal is its complete removal of investment minimums. Users can buy fractional shares in blue-chip equities and exchange-traded funds across the NZX, ASX, and US exchanges (NYSE and NASDAQ) from 1 cent. The app includes structured recurring investment tools ("Auto-invest"), diversified managed fund options, and dedicated "Kids Accounts" for family financial planning.

From an asset custody perspective, Sharesies utilizes a nominee custodial arrangement: underlying investments are held in trust by Sharesies Nominee Limited on behalf of users, rather than through individual CHESS sponsorship (HIN) in Australia. Client uninvested cash is kept in segregated trust accounts across regulated retail banks. While high-volume active traders may prefer direct exchange sponsorship and lower percentage charges, Sharesies offers a regulated, accessible micro-investing ecosystem.

Key Features

Regulated Broker
Sharesies

Sharesies

Regulated Broker

Min Deposit$0 (No minimum order size; fractional investing available from 1 cent)
Max Retail Leverage1:1
Spreads (indicative)0.0 (Exchange order book e…

External website · BrokerBazaar does not receive a trading commission from this link.

2

Platforms

2017

Est. Since

5

Account Types

2+

Countries

Regulated By

FMA
ASIC

Licence check: Not independently checked

Live Spreads

Not available

No live spread data from a named account is available for this broker. Figures are published only with the account type and capture time.

Independent report by BrokerBazaar Research TeamHow we rate brokers

Sharesies broker analysis: regulation, fees, withdrawals and risks

Independent broker profile covering verified entities, regulation, costs, platforms, withdrawals, risks and user feedback. BrokerBazaar is not Sharesies and does not operate any brokerage.

Profile ownership

Not claimed by broker

No representative of Sharesies manages this page. This says nothing about its licence, and the score and regulation data are the same whether or not a profile is claimed.

Information source

Submitted by broker or compiled from public pages

Details have been recorded but not yet independently checked by BrokerBazaar.

Licence check

Not independently checked

Confirm the licence on the regulator's public register before opening an account.

Editorial review

Reviewed 11 Nov 2026

Date the BrokerBazaar research team last regenerated this analysis from the stored record.

Legal entity

Sharesies Limited (New Zealand) / Sharesies Australia Limited (Australia)

Founded

2017

Headquarters

Wellington, New Zealand

Regulators

FMA, ASIC

Minimum deposit

$0 (No minimum order size; fractional investing available from 1 cent)

Spreads from

0.0 (Exchange order book e…

Commission

From A$6.00

Max leverage

1:1

Platforms

Sharesies Mobile App, Sharesies Web Platform

Account types

Individual Account, Kids Account, Joint Account, Trust Account, Company Account

Sharesies regulation and licence table

Each row is one legal entity. Verify the licence on the official register; a company registration is not a brokerage licence.

EntityRegulatorLicenceAuthorised activityRegionLicence check
Sharesies LimitedNZ FMAFSP550746Official register Securities / stock broking · Financial Advice Provider · Retail clients

Not an execution licence; does not count as local forex regulation.

New ZealandNot independently checked
Sharesies Australia LimitedASIC

Australian Securities & Investments Commission

Strict oversight
AFSL 529893Official register Securities / stock broking · Australian Financial Services Licence · Retail clients

Not an execution licence; does not count as local forex regulation.

AustraliaNot independently checked

Sharesies at a glance

Grievances must be lodged first with the Sharesies Investor Care and Dispute team. Unresolved disputes in New Zealand can be formally escalated to Financial Services Complaints Limited (FSCL; Participant No. 7136). Unresolved Australian disputes can be referred to the Australian Financial Complaints Authority (AFCA). Sharesies operates a pooled custodial/nominee ownership model where shares are held beneficially for the client via Sharesies Nominee Limited, rather than direct individual CHESS sponsorship (HIN).

Sharesies reports a founding year of 2017 and a head office in Wellington, New Zealand. It lists 2 regulators and 2 trading platforms.

BrokerBazaar verdict

Sharesies is an Australasian retail investment platform regulated by the FMA in New Zealand and ASIC in Australia (AFSL 529893). Featuring fractional share purchasing across NZX, ASX, and US bourses with zero minimums, it is well suited for novice investors, families, and regular dollar-cost averagers, though larger volume traders must factor in its custodial nominee holding model.

Legal entities, regulation and licences

Sharesies operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.

Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.

Countries accepted and restricted

Sharesies states that it accepts clients from New Zealand, Australia. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.

Trading products, platforms and account types

Instruments: New Zealand Equities (NZX), Australian Equities (ASX), US Equities (NYSE/NASDAQ), ETFs, Managed Funds, KiwiSaver, Fractional Shares. Platforms: Sharesies Mobile App, Sharesies Web Platform. Account types: Individual Account, Kids Account, Joint Account, Trust Account, Company Account.

Best-for tags assigned by our team: Fractional Shares, Micro-Investing, Beginners, Auto-Invest, Kids Accounts, NZX Shares, Certified B Corp.

Minimum deposit, spreads, commissions and other charges

The minimum deposit is $0 (No minimum order size; fractional investing available from 1 cent). Spreads start from 0.0 (Exchange order book e… and commission is From A$6.00. Maximum leverage is 1:1, subject to the cap of the entity that holds your account.

Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.

Deposits and withdrawals

Deposit methods: Direct Bank Transfer, PayID, Linked Bank Account, Debit Card, Credit Card. Withdrawal methods: Direct Bank Transfer to Nominated Bank Account.

Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.

Execution model, negative balance protection and client money

Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.

None of the recorded entities holds an active licence to keep client accounts, so no regulator's client-money rules can be assumed.

Not covered: Sharesies Limited (NZ FMA); Sharesies Australia Limited (ASIC). This licence covers a different activity (such as securities, wealth or payments), so its client-money rules do not apply to a forex or CFD account.

Complaints and dispute process

Formal complaints: complaints@sharesies.co.nz. Phone: +64 4 885 2830. Grievances must be lodged first with the Sharesies Investor Care and Dispute team. Unresolved disputes in New Zealand can be formally escalated to Financial Services Complaints Limited (FSCL; Participant No. 7136). Unresolved Australian disputes can be referred to the Australian Financial Complaints Authority (AFCA). Sharesies operates a pooled custodial/nominee ownership model where shares are held beneficially for the client via Sharesies Nominee Limited, rather than direct individual CHESS sponsorship (HIN).

If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.

Strengths and limitations

  • Strength: No minimum investment threshold, enabling fractional share purchases starting from 1 cent
  • Strength: Certified B Corp status with strong emphasis on financial accessibility and ESG principles
  • Strength: Unified access to New Zealand (NZX), Australian (ASX), and US equities within a single portfolio
  • Strength: Dedicated Kids Accounts and automated recurring auto-invest portfolios
  • Limitation: Custodial nominee structure means Australian shares are not directly CHESS sponsored with a personal HIN
  • Limitation: Transaction percentage fee of 1.9% can be comparatively expensive on smaller parcel sizes under the cap
  • Limitation: Outbound share transfer fees apply (A$50/NZ$50 per investment line) to transfer holdings to an external broker
  • Limitation: Customer service does not offer an inbound direct phone support hotline for immediate dealing

Who this broker suits, and who it does not

Sharesies is most relevant to traders looking for: Fractional Shares, Micro-Investing, Beginners, Auto-Invest, Kids Accounts, NZX Shares, Certified B Corp.

It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.

Sharesies change history

Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.

No fact changes recorded for Sharesies yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.

Frequently asked questions about Sharesies

Data sources. Broker submission, the regulator registers linked above, Sharesies advice disclosure statement; Sharesies Australia financial services guide, web-archive and domain records, and third-party traffic data. Last register check 2026-09-28. External ratings: Google Play Store 4.1/5; Trustpilot 1.4/5; Google Play Store 4.5/5; Apple App Store 4.7/5.

Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Sharesies through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.

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