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FAQs about our pricing update

Product updates

On Tuesday 31 January, we updated our pricing—introducing transaction fee caps and monthly plans.

Three price tags on a purple background.

We want to make sure you have everything you need to decide which pricing option is best for you, so we’ve collated some questions about our recent pricing update from our valued community—alongside an FAQ video from our co-CEO Leighton.

Some context around this change 

Why change the pricing? 

Updating our pricing wasn’t a decision we made lightly. We know lots of Kiwis are watching their wallets closely right now. We’re always assessing our offering, including fees, as our investor base and the environments we operate in change and evolve. As we’ve grown alongside our investors, it’s become clear that one-size-fits-all pricing is no longer right for the business or our investors. Like other businesses, our fees need to be in step with our costs and allow us to invest in and grow our product offering. 

Our new pricing better reflects the cost of delivering our services. 

Is Sharesies still for small investors?

Absolutely, and we’re still a competitive platform for smaller investors. 

We’re the only platform in New Zealand where you can invest as little as one cent across the NZX, ASX, and US exchanges. We don’t have the barrier of a minimum investment amount, and we still have no compulsory subscriptions or annual fees. 

With our capped transaction fee, a $5 buy order has a transaction fee of $0.09. Check out our pricing page to calculate the total transaction fee for different order amounts.

How does this pricing compare with Sharesies’ competitors? 

In reviewing and designing our pricing, we carefully considered the investing landscape with the aim to remain competitively priced for different investing strategies.

We remain competitive by introducing monthly plans and capped transaction fees per order, which is a shift in the pricing model. See how we compare on our pricing page.

Monthly plans vs capped transaction fees per order

Which option is best for me?

We want investors to feel supported in choosing the best option for their investing goals. 

We’ve got some handy tools to help you calculate transaction fees for different order amounts and compare our pricing with competitors. We’ve also added some more info about who each pricing option may be best suited for. 

As a thought starter, here are two scenarios:

  • Investor A invests more than $157 NZD into listed investments per month. Factoring in the type of investments and currencies—they’d be better off on a monthly plan, instead of paying transaction fees on each individual order.

  • Investor B invests less than $157 NZD into listed investments per month, and doesn’t go on a monthly plan. In this scenario, they’d be paying less than $3 per month in transaction fees and still have access to the features, investments, administration, and support on Sharesies. 

As well as the amount you invest, it’s also important to factor in how often you invest, and in which markets. If you invest regularly or have auto-invest set up, a monthly plan might be worth a look. 

What should I do if I’m not investing at the moment?

You don’t need to do anything if you're not currently investing. You’ll only be charged a transaction fee when you buy, sell, or auto-invest. 

More on monthly plans

What’s the benefit of being on a plan?

We often talk about how investing small amounts regularly is an investment strategy that can put you on the path to growing your wealth over time, thanks to dollar-cost averaging and compound returns. Our new plans are designed to reflect this behaviour and help investors stick to their investment goals.

The plans are also designed to help investors save on fees. For example, with the $3 monthly plan, you get transaction fees covered on $500 NZD of buy and sell orders and $1,000 NZD of auto-invest orders each month—this is the equivalent of a 0.02% transaction fee if you use all this coverage. 

Plus, the $15 monthly plan provides access to NZX market depth.

Why are the plans focused on auto-investing?

To inform the monthly plans, we looked carefully at how people were investing on Sharesies. We decided to offer the transaction fee caps for people trading larger amounts on an ad-hoc basis—and the plans for those investing regularly.

While we considered a range of options, ultimately, we wanted to incentivise those investing regularly to help them grow their wealth over time.

Where do I go to choose a monthly plan?

Log in to Sharesies and go to Account > Monthly plans.

We know investing needs can change, so these are flexible. You can choose, change, or cancel a monthly plan at any time.

How will I know how much of my monthly plan coverage I’ve used?

Head to Account > Monthly plans in Sharesies to see a summary of the coverage used.

Wrapping up

Phew! That was a lot to take in, we know. If you still have questions and have already scoped out the pricing page for the detail you’re after, reach out at We're always here to help.

Ok, now for the legal bit

Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time written. You should consider seeking independent legal, financial, taxation or other advice when considering whether an investment is appropriate for your objectives, financial situation or needs.

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