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.