Superhero launches zero commissions for ETFs [Video]

The latest update sets Superhero as one of the only zero brokerage platforms for ASX-listed products.

Australian share trading platform Superhero has raised the bar another notch for low-cost investing by scrapping brokerage fees on all ASX exchange traded funds (ETFs).

Superhero, which is the cheapest broker on the market with a $5 flat commission on stocks and low $100 minimum investment (usually $500), has seen 10,000 users sign up since its launch in September.

Commission (aka brokerage) is the fee charged when you place a buy or sell order on a stock or ETF and is arguably the most important cost when it comes to investing in the stock market.

Investment fees have been shrinking across the board in recent years as competition in the space heats up, with several brokers scrapping commissions altogether for US or global stock trading. But until now, there have been few zero-brokerage options for ASX-listed products and none at all …