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New Zealand retail investors · Australian retail investors seeking fractional investing · Beginners and small-balance investors

Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

Regulated by New Zealand FMA and NZX rules; Sharesies Australia holds an AFSL overseen by ASIC.

SEC; FINRA; SIPC; CFTC; NFA; FDIC

AU: AFSL 529893 / ABN 94 648 811 830; NZ: Sharesies Investment Management FSP1001460; Sharesies Limited NZBN 9429045952838.

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

Key entities include Sharesies Limited (NZ), Sharesies Australia Limited, Sharesies Investment Management Limited, Sharesies Nominee Limited, and Sharesies Australia Nominee Pty Limited.

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

Not applicable to CFD-style negative-balance protection; wallet debts may still be owed.

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

No broad compensation scheme verified; custody/trust protections and AU PI insurance disclosed; NGF exclusion for NZ/US via NZ platform.

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

No minimum investment; wallet funding required; minimum top-up not clearly disclosed.

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

Not applicable: Sharesies is not a spread-quoted CFD/forex broker in the scoped evidence.

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

1.9% transaction fee up to regional market caps; managed funds not listed on an exchange have no Sharesies transaction fee.

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

Free standard NZ bank transfer; instant/linked/card/PayID fees vary by region and method.

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

Standard wallet withdrawal fee not clearly disclosed; NZ fast withdrawal 1.9% of unsettled amount; share transfer-out and exceptional account-closure fees apply.

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

No inactivity fee found in reviewed public pricing, terms, or FSG; account closure fees may apply only in stated exceptional circumstances.

$0 annual maintenance/inactivity fee for standard brokerage accounts

Sharesies offers NZ/US/Australian shares and ETFs, managed funds, advised portfolios, selected crypto, and NZDX-listed bond transfer/holding support.

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

Sharesies platform is accessible via website/web app and mobile apps on iOS and Android.

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

NZ adult and Kids Accounts, plus trust/company/business by approval; AU IDPS accounts with marketing references to Kids Accounts but FAQ inconsistency.

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

NZ: bank transfer, foreign-currency bank deposit by arrangement, card, Apple/Google Pay, instant bank transfer, gift; AU: bank transfer, card, linked bank, Apple/Google Pay, PayID.

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

Withdraw to local bank account in local currency only: NZD in NZ, AUD in Australia.

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

Settled withdrawals 1-2 business days; post-sale withdrawals may take settlement/processing plus transfer time; NZ faster withdrawal option for a fee.

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.