We have competitive pricing no matter what you’re investing in—companies, exchange-traded funds (ETFs), or managed funds. There’s no subscription fee.
You’re charged a transaction fee when you buy and sell shares in companies and exchange-traded funds (ETFs) across New Zealand, the US, and Australia. This is sometimes called a ‘brokerage fee’.
If you buy or sell shares in more than one investment, they’re treated as separate orders and have separate fees. The fee is charged in the currency of your order.
Orders in dollars
For market orders and limit orders placed in dollars, we calculate the transaction fee on the amount to invest or receive (the net amount) and deduct it from the order amount you enter (the gross amount).
If you place an order of
Sharesies deducts a $0.50 fee
and the amount invested is $99.50.
Limit buys in shares
For limit buy orders in whole or fractional shares, we calculate the transaction fee on the amount to invest (the net amount).
You set the amount to invest by selecting the highest price to pay per share and the number of shares to buy.
The order amount you’re charged is the amount to invest plus the transaction fee.
For example, if you set:
the highest price to pay per share at $5, and
the number of whole shares to buy at 10
the amount you invest will be $50 at most. From this amount, we calculate a $0.25 transaction fee (0.5% × $50 = $0.25) and your total order amount is $50.25.
When you place a limit buy in shares, the fee is just an estimate. When your order fills, the fee is recalculated on the amount invested.
Limit sells in shares
For limit sell orders in whole or fractional shares, we calculate the transaction fee on the amount you receive (the net amount) and deduct it from your order amount.
You set the order amount by selecting the lowest price to sell per share and the number of shares to sell.
The amount you receive is your order amount minus the transaction fee.
For example, if you set:
the lowest price to sell per share at $5, and
the number of whole shares to sell at 10
your order amount will be $50. From this amount, we deduct a $0.25 transaction fee that’s calculated on the estimated amount you’ll receive, $49.75 (0.5% × $49.75 = $0.25).
When you place a limit sell in shares, the fee is just an estimate. When your order fills, the fee is recalculated on the amount received.
Currency exchange fee
You’re charged a 0.4% currency exchange fee when you exchange money. The fee is calculated on the amount to exchange, and deducted from the amount you enter.
You can exchange money in Sharesies any time you like, or during the buy or sell process.
When you invest in an ETF or managed fund, you’re charged a management fee. This is charged by the fund provider—not Sharesies—and included in the unit price.
The fee pays for the fund’s management, distribution, and operational costs.
The management fee is different for each fund, so check the fund info before you invest.
When you invest in an American depositary receipt (ADR), you may be charged depositary fees. These are charged by the depositary bank that issued the ADR, not Sharesies.
The fees cover the depositary bank’s costs for managing the ADR, and are based on how many receipts you hold. Generally, the fee is less than $0.10 USD per receipt annually.
The depositary fee can be charged a couple of ways:
if the ADR pays dividends, the fee will be deducted from any dividends on the ex-dividend date before they’re paid into your Wallet
if the ADR doesn’t pay dividends, the fee will usually be deducted from your Wallet balance during the year.
Sometimes, it could be a mix of both—part of the fee deducted from your dividends and the rest deducted from your Wallet during the year.
Managed fund transaction fee
Managed funds may charge a transaction fee when you buy and sell units. This is also known as a ‘spread fee’. The fee is added to the price when you buy, and deducted from the price when you sell. This is charged by the fund, not Sharesies.
How Sharesies makes money
You pay us a transaction fee when you buy or sell most investments.
Fund providers might pay us to have their funds on Sharesies.
You pay us a currency exchange fee when you exchange money.
We earn interest from any money in your Wallet.
You pay us a card processing fee when you use a debit or credit card to top up a Sharesies Wallet or buy a Sharesies Gift.
You pay us a fee to transfer your shares out of Sharesies.
We may earn money from external relationships.