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Sharesies logo

Sharesies Review

neo-brokerNew Zealand

Sharesies is a New Zealand investing platform for real shares and ETFs. It is not a leveraged forex broker, and client assets sit in a separate nominee company.

Min Deposit

N/A

Spreads From

Not applicable, Sharesies charges trading fees, not spreads

Max Leverage

Not applicable, no leverage or CFDs are offered

Platforms

Sharesies web platform, Sharesies mobile app

CFDs are complex instruments with high risk of losing money. Retail accounts lose money trading CFDs.

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Pros & Cons

Pros

  • Regulated by New Zealand's FMA under license FSP423884
  • Client shares sit in a separate ring fenced nominee company
  • Over 1 million investors across New Zealand and Australia today
  • Backed by real venture funding, including a 48 million dollar round
  • Buys real shares and ETFs, not leveraged CFDs on price movements

Cons

  • Only covers the NZX, ASX, and a limited set of US listed shares and ETFs
  • Not built for forex or CFD trading, so leverage is not on offer
  • Bestforex.io still lists this profile as unverified with details pending
  • Currency conversion fees apply when buying overseas listed shares
About Sharesies

Sharesies started in Wellington in 2017, built by six co founders including Brooke Roberts and Leighton Roberts. It lets everyday investors buy real shares and exchange traded funds on the NZX, the ASX, and US markets like the NYSE and Nasdaq, often with very small amounts of money.

The platform is regulated by New Zealand's Financial Markets Authority under license FSP423884. Client holdings sit inside Sharesies Nominee Limited, a separate legal entity, so investments stay ring fenced if the trading business ever ran into money trouble.

Sharesies expanded into Australia in 2021 and has since passed 1 million investors across both countries, with more than 12 billion NZ dollars under management. It raised 48 million Australian dollars in a Series C round led by Amplo, valuing the group at around 480 million Australian dollars.

Key Facts

Max Leverage

Not applicable, no leverage or CFDs are offered

Spreads From

Not applicable, Sharesies charges trading fees, not spreads

Platforms

Sharesies web platformSharesies mobile app
Regulation & Safety
FMA (New Zealand) — FSP423884
Frequently Asked Questions

Score Breakdown3.5/5
Trust & Safety
0.0/5

Regulation, fund safety, track record

Trading Conditions
0.0/5

Spreads, execution, leverage

Platforms & Tools
0.0/5

Platform quality, charting, features

Research & Education
0.0/5

Analysis, webinars, learning materials

Customer Service
0.0/5

Support quality, responsiveness

Mobile Trading
0.0/5

Mobile app quality, features

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