Can I buy U.S. shares directly using my AUD?
Yes. You can buy eligible U.S. shares using your AUD balance without the need to convert funds to USD first.
What types of US orders can I place using AUD?
AUD can only be used for market buy orders for eligible U.S. shares.
Limit orders and sell orders for U.S. shares are currently not supported when using AUD.
Which US shares can I buy with AUD?
This feature is only available for eligible U.S. shares that support fractional investing, via a market order.
If you are unable to change the “Trade with” option to AUD, this means it is ineligible for trading with AUD.
If a stock isn’t supported, you will need to convert AUD to USD in your Wallet and place your order in USD.
Do I pay an FX Transfer Fee when buying US shares with AUD?
Yes, Superhero’s standard FX Transfer Fee is added to the rate. The same fee applies when manually converting between AUD and USD in your Wallet.
There are no additional fees for choosing to buy U.S. shares directly with AUD.
See our Fee Schedule for more details.
Is brokerage included in the AUD amount when buying US Shares with AUD?
Yes, brokerage is included in the cost of the trade. The standard U.S. brokerage fee applies.
What is the minimum order size when buying U.S. shares with AUD?
The minimum order size when buying U.S. shares directly with AUD is A$10.
What happens if I cancel my order when buying US shares with AUD?
- If your AUD hasn’t yet been converted, your full AUD amount will return to your Superhero Wallet.
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If your AUD has already been converted to USD, the trade will be cancelled and the USD will remain in your Wallet. It won’t be converted back to AUD.
How can I see if my AUD has been converted when buying US shares with AUD?
You can check if the conversion has taken place by reviewing your pending order.
- If the order amount is still shown in AUD, the FX conversion hasn’t happened yet.
- If the amount appears in USD, your funds have already been converted and the order is one step closer to being fulfilled
When will my AUD be converted to USD when buying US shares with AUD?
Your AUD will be converted to USD when the security enters pre-market trading, if the order was placed outside of market hours.
If the order is placed during U.S. market hours, the conversion happens shortly after the order is submitted.
What happens if my order fails when buying US shares with AUD?
If your order fails or is cancelled, what happens next depends on whether your AUD has already been converted to USD:
If your funds have already been converted to USD: The USD amount (net of FX fees) will be credited to your Superhero Wallet. These funds will remain in USD and will not be converted back to AUD.
If your funds haven’t been converted yet (for example, if the order was placed outside U.S. market hours): Your AUD will be returned to your Wallet in full and no FX fee will be charged.
Can I choose the USD amount I want to invest?
Not with this feature. You nominate an AUD amount, and we calculate how much USD you’ll receive after FX.
If you want to trade a specific USD amount, you may use our FX Transfer tool to convert the AUD in your Wallet first, then place your trade in USD.