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Broker 2

VS field	Sharesies sharesies.com Stock BrokerETF BrokerMutual Fund	Fidelity fidelity.com Stock BrokerETF BrokerETF
Decision summary
Overall score

Trust score	82	100

Cost score	78	89

Platform score	84	94

Withdrawal score	80	89

Best for	New Zealand retail investors · Australian retail investors seeking fractional investing · Beginners and small-balance investors	Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa…

Watch out	Needs verification	Needs verification

Trust & regulation
Regulators	Regulated by New Zealand FMA and NZX rules; Sharesies Australia holds an AFSL overseen by ASIC. Source	Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC. Source
License numbers	AU: AFSL 529893 / ABN 94 648 811 830; NZ: Sharesies Investment Management FSP1001460; Sharesies Limited NZBN 9429045952838. Source	FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740. Source
Regulated entities	Key entities include Sharesies Limited (NZ), Sharesies Australia Limited, Sharesies Investment Management Limited, Sharesies Nominee Limited, and Sharesies Australia Nominee Pty Limited. Source	Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product. Source
Negative balance protection	Not applicable to CFD-style negative-balance protection; wallet debts may still be owed. Source	Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations. Source
Investor compensation	No broad compensation scheme verified; custody/trust protections and AU PI insurance disclosed; NGF exclusion for NZ/US via NZ platform. Source	SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply. Source
Restricted countries	Available regionally in NZ and Australia; NZ platform no longer accepts new Australian-based investors; AU IDPS not offered outside Australia where unlawful. Source	U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found. Source

Trust & regulation

Regulators

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

Source

Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC.

Source

License numbers

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

Source

FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740.

Source

Regulated entities

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

Source

Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product.

Source

Negative balance protection

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

Source

Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations.

Source

Investor compensation

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

Source

SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply.

Source

Restricted countries

Available regionally in NZ and Australia; NZ platform no longer accepts new Australian-based investors; AU IDPS not offered outside Australia where unlawful.

Source

U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found.

Source

Costs & account conditions
Minimum deposit	No minimum investment; wallet funding required; minimum top-up not clearly disclosed. Source	$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product. Source
Spread from	Not applicable: Sharesies is not a spread-quoted CFD/forex broker in the scoped evidence. Source	Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads. Source
Commission	1.9% transaction fee up to regional market caps; managed funds not listed on an exchange have no Sharesies transaction fee. Source	$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply. Source
Maximum leverage	Not applicable: no leveraged CFD/forex product found in scoped official materials. Source	No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure. Source
Deposit fee	Free standard NZ bank transfer; instant/linked/card/PayID fees vary by region and method. Source	$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge. Source
Withdrawal fee	Standard wallet withdrawal fee not clearly disclosed; NZ fast withdrawal 1.9% of unsettled amount; share transfer-out and exceptional account-closure fees apply. Source	$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge. Source
Inactivity fee	No inactivity fee found in reviewed public pricing, terms, or FSG; account closure fees may apply only in stated exceptional circumstances. Source	No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'. Source

Costs & account conditions

Minimum deposit

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

Source

$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product.

Source

Spread from

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

Source

Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads.

Source

Commission

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

Source

$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply.

Source

Maximum leverage

Not applicable: no leveraged CFD/forex product found in scoped official materials.

Source

No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure.

Source

Deposit fee

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

Source

$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge.

Source

Withdrawal fee

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

Source

$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge.

Source

Inactivity fee

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

Source

No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'.

Source

Markets, platforms & payments
Tradable assets	Sharesies offers NZ/US/Australian shares and ETFs, managed funds, advised portfolios, selected crypto, and NZDX-listed bond transfer/holding support. Source	Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international. Source
Trading platforms	Sharesies platform is accessible via website/web app and mobile apps on iOS and Android. Source	Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic. Source
Account types	NZ adult and Kids Accounts, plus trust/company/business by approval; AU IDPS accounts with marketing references to Kids Accounts but FAQ inconsistency. Source	Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts. Source
Deposit methods	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. Source	EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps. Source
Withdrawal methods	Withdraw to local bank account in local currency only: NZD in NZ, AUD in Australia. Source	EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access. Source
Withdrawal processing time	Settled withdrawals 1-2 business days; post-sale withdrawals may take settlement/processing plus transfer time; NZ faster withdrawal option for a fee. Source	EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days. Source

Markets, platforms & payments

Tradable assets

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

Source

Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international.

Source

Trading platforms

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

Source

Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic.

Source

Account types

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

Source

Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts.

Source

Deposit methods

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.

Source

EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps.

Source

Withdrawal methods

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

Source

EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access.

Source

Withdrawal processing time

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

Source

EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days.

Source

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