# Can Sharesies be trusted in NZ?

**URL:** <https://community.brokerchooser.com/t/can-sharesies-be-trusted-in-nz/496>\
**Category:** Scam Broker Check 🛡️\
**Created:** [March 5, 2024, 11:05am UTC](https://community.brokerchooser.com/t/can-sharesies-be-trusted-in-nz/496 "2024-03-05T11:05:43Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![NeighboringTap2584](https://avatars.discourse-cdn.com/v4/letter/n/2acd7d/32.png) [@NeighboringTap2584](https://community.brokerchooser.com/u/NeighboringTap2584)\
**Post date:** [March 5, 2024, 11:05am UTC](https://community.brokerchooser.com/t/can-sharesies-be-trusted-in-nz/496/1 "2024-03-05T11:05:43Z")

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> **[Sharesies NZ | Invest, Save, and KiwiSaver—Sharesies New Zealand](https://www.sharesies.nz/)**
>
> Your wealth, one place. Invest with access to NZ, US, and Aussie markets. Save with a great rate, and no limits. And now, a KiwiSaver experience that's more you.

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**Author:** ![nadam](https://sea1.discourse-cdn.com/flex019/user_avatar/community.brokerchooser.com/nadam/32/4_2.png) [@nadam](https://community.brokerchooser.com/u/nadam)\
**Post date:** [March 7, 2024, 9:16am UTC](https://community.brokerchooser.com/t/can-sharesies-be-trusted-in-nz/496/2 "2024-03-07T09:16:40Z")

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Heey, I took a look at Sharesies and it’s a trusted broker, regulated in New Zealand. Please find a few other info below:

- Unfortunately, there is no investor protection (here would be an alternative, for example, to use a US broker if buying US stocks, because there is protection there).
- The platform, UI/UX is surely very great. Such a typical innovative, newcomer broker (similar to Stake for example).
- I only briefly looked at the pricing, but overall it seems average. For example, a 0.5% conversion fee is high, but the 1.9% transaction fee (which is capped at $5) is more average. There are also monthly subscription packages that provide free trades up to a certain trade volume, which are also great.

Overall, such a platform is quite good for first-timers, because otherwise very low amounts can also be invested + the platform is surely very great and easy to handle.

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**Author:** ![NeighboringTap2584](https://avatars.discourse-cdn.com/v4/letter/n/2acd7d/32.png) [@NeighboringTap2584](https://community.brokerchooser.com/u/NeighboringTap2584)\
**Post date:** [April 10, 2024, 7:50am UTC](https://community.brokerchooser.com/t/can-sharesies-be-trusted-in-nz/496/3 "2024-04-10T07:50:52Z")

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Thank you so much Adam! Do you recommend any other option for me.  
I am beginner investor with regular small amount of savings.  
I preffer to invest in individual stocks