Sharesies Sharesies fees 2026
Updated Reviewed monthly
The complete Sharesies fee schedule for 2026 — brokerage, FX margin, optional subscriptions, plus worked dollar examples across trade sizes.
In 30 seconds: Sharesies charges 1.9% brokerage on every order, with per-market fee caps: NZ$25 on NZ orders above NZ$1,316, AU$15 on AU orders above AU$805, US$5 on US orders above US$264. Currency-exchange fee is 0.5% on NZD↔AUD and NZD↔USD. Optional subscription plans (NZ$3, NZ$7, NZ$15 per month) reduce brokerage for higher-volume users. No platform fee, no withdrawal fee, no inactivity fee.
- Brokerage rate: 1.9% on every order (all markets)
- NZ fee cap: NZ$25 on orders above NZ$1,316
- AU fee cap: AU$15 on orders above AU$805
- US fee cap: US$5 on orders above US$264
- FX margin: 0.5% on NZD ↔ AUD / USD
- Account minimum: NZ$0 · Withdrawal fee: Free
- Optional subscriptions: NZ$3 / NZ$7 / NZ$15 per month
Full fee schedule
| Fee type | Amount |
|---|---|
| Brokerage rate | 1.9% of order value |
| NZ-market fee cap | NZ$25 |
| AU-market fee cap | AU$15 |
| US-market fee cap | US$5 |
| Currency exchange | 0.5% |
| Minimum to open | NZ$0 |
| Withdrawal fee | Free |
| Inactivity fee | None |
| Optional plans | NZ$3 / NZ$7 / NZ$15 per month |
Subscription plan details and exact brokerage discounts change periodically — verify on the Sharesies site before subscribing.
What it actually costs — worked examples
All costs include brokerage + FX margin (where applicable) on the no-subscription plan.
| Trade size (NZD) | Market | Brokerage | FX | Total cost | % of trade |
|---|---|---|---|---|---|
| NZ$100 | NZX (Smartshares) | NZ$1.90 | — | NZ$1.90 | 1.90% |
| NZ$500 | NZX (FNZ) | NZ$9.50 | — | NZ$9.50 | 1.90% |
| NZ$1,316 | NZX (NZ20) | NZ$25.00 (cap) | — | NZ$25.00 | 1.90% |
| NZ$5,000 | NZX (KGM) | NZ$25.00 (cap) | — | NZ$25.00 | 0.50% |
| US$300 (~NZ$500) | US (VOO) | US$5.00 (cap) | NZ$2.50 (0.5%) | ~NZ$10.50 | ~2.1% |
| US$2,000 (~NZ$3,300) | US (SCHD) | US$5.00 (cap) | NZ$16.50 (0.5%) | ~NZ$25.00 | ~0.75% |
| US$10,000 (~NZ$16,500) | US (QQQ) | US$5.00 (cap) | NZ$82.50 (0.5%) | ~NZ$91.00 | ~0.55% |
Sharesies fees vs alternatives
| Platform | Brokerage | FX | Cheapest for |
|---|---|---|---|
| Sharesies | 1.9% (caps NZ$25 / AU$15 / US$5) | 0.5% | Mixed NZ+AU+US small trades · fractional |
| Hatch | Flat US$3/trade | 0.50% | US-only trades above ~NZ$500 |
| Interactive Brokers | US$0–0.35/trade | ~0.002% | US trades at scale · global exposure |
| InvestNow | Zero on Smartshares | N/A (NZX only) | Smartshares ETFs buy-and-hold |
| Kernel direct | Zero on Kernel funds | N/A | Kernel funds buy-and-hold |
Frequently asked questions
What does Sharesies charge per trade? ▾
Brokerage is 1.9% of the order value, with a per-market fee cap: NZ$25 on NZ orders above NZ$1,316, AU$15 on AU orders above AU$805, US$5 on US orders above US$264. A NZ$500 NZ trade pays NZ$9.50 (1.9%); a NZ$2,500 NZ trade pays NZ$25 (capped); a US$1,000 US trade pays US$5 (capped).
What is the Sharesies FX margin? ▾
Sharesies adds a 0.5% currency-exchange fee when converting between NZD and AUD or USD. So a NZ$1,000 conversion to USD costs NZ$5 in FX on top of any brokerage.
Is there a Sharesies platform fee or monthly subscription? ▾
Sharesies has no compulsory monthly fee — the no-subscription option charges only the brokerage above. Optional subscription plans (NZ$3, NZ$7, NZ$15 per month) buy down brokerage for higher-volume users. For most retail investors making infrequent trades, no subscription is the cheaper option. Verify current plan details on sharesies.nz/pricing.
Are Sharesies KiwiSaver fees different? ▾
Yes. Sharesies KiwiSaver charges a management fee on top of the underlying fund TER, plus an annual administration fee. The breakdown depends on which fund mix you choose. Check the current Sharesies KiwiSaver Product Disclosure Statement on the Sharesies site for exact figures.
Does Sharesies charge to withdraw money? ▾
No. Withdrawing cash to your NZ bank account is free and typically settles in 1-2 business days.
Are there any hidden fees on Sharesies? ▾
No. The published brokerage + FX margin + optional subscription is the complete fee schedule. There are no inactivity fees, no entry/exit fees, no per-share fees on top of brokerage.
