Pearler brokerage, CHESS sponsorship and licence
- Website
- pearler.com/
- Product
- ASX Invest
- Legal entity
- Pearler Investments Pty Ltd
- Licensed through
- Authorised representative no. 1281540 of Sanlam Private Wealth Pty Ltd, whose licence is below.
- ASX shares
- No restriction stated: 2,000+ ETFs and shares on the ASX
- Your shares
- CHESS-sponsored
- Executes ASX orders
- Openmarkets Australia Limited
- Clears and settles
- Not stated
- International shares
- Yes
- Account fee
- None
- Documents
- Pricing · Financial Services Guide · Terms and Conditions · Pearler Investors Fund (Micro) Product Disclosure Statement
- Record re-read by hand
- 6 November 2026
The pricing page describes ASX Invest as 'CHESS-sponsored ASX ETFs and shares', and the T&Cs refer to the customer's 'Pearler HIN'. Pearler's pages do not say who the CHESS sponsoring or clearing participant is.
Brokerage
| Trade value | Brokerage |
|---|---|
| Any trade | $6.50 |
Flat $6.50 per buy or sell. Prices include GST.
Brokerage at common trade sizes
| Trade | Brokerage | Of trade |
|---|---|---|
| $500 | $6.50 | 1.30% |
| $1,000 | $6.50 | 0.65% |
| $2,000 | $6.50 | 0.33% |
| $5,000 | $6.50 | 0.13% |
| $10,000 | $6.50 | 0.07% |
| $25,000 | $6.50 | 0.03% |
| $50,000 | $6.50 | 0.01% |
| $100,000 | $6.50 | 0.01% |
Prepaid brokerage
Flat $5.50 per buy or sell when brokerage is prepaid: 15% off the standard $6.50, saving $1.00 a trade. It needs money paid in advance, so the ranking uses the standard price.
| Trade | Standard | Prepaid |
|---|---|---|
| $500 | $6.50 | $5.50 |
| $1,000 | $6.50 | $5.50 |
| $2,000 | $6.50 | $5.50 |
| $5,000 | $6.50 | $5.50 |
| $10,000 | $6.50 | $5.50 |
| $25,000 | $6.50 | $5.50 |
| $50,000 | $6.50 | $5.50 |
| $100,000 | $6.50 | $5.50 |
- Prepaid brokerage credits are bought in advance and used on later buys and sells. Pearler's pages do not say how many credits must be bought at once.
- Prepaid credits cannot be refunded or transferred, and expire 2 years after purchase if not used.
“$6.50 AUD per buy/sell Prepay for 15% off to save $1.00 each buy/sell”
Source: pearler.com/pricing · Confirmed on the broker's page on 13 November 2026.
“After purchase, prepaid credits purchased cannot be refunded or transferred and will expire in 2 years if not utilised”
Source: pearler.com/legal/financial-services-guide · Confirmed on the broker's page on 13 November 2026.
Plans instead of per-trade brokerage
A monthly fee in place of paying for each trade. Plans are not in the ranking.
Micro: $2.00 a month
Units in the Pearler Investors Fund, a managed fund issued by Cache (RE Services) Ltd whose 10 investment options track ETFs. It does not buy ASX shares or ETFs on the client's own HIN, so it is not an alternative way to pay for ASX Invest trades.
- The first two months are free.
- Minimum investment $5, and $5 a period for regular investments (weekly, monthly, quarterly or yearly); no minimum withdrawal or balance.
- No transaction fees from Pearler to invest, sell or switch options, but a buy/sell spread applies and the fund's management fees and costs come out of its unit price.
- The fund pays no distributions; income is reinvested in it.
“Option 2: Micro $2.00 AUD flat fee per month The first two months are fee-free!”
Source: pearler.com/pricing · Confirmed on the broker's page on 13 November 2026.
What the broker says
Brokerage
“CHESS-sponsored ASX ETFs and shares. $6.50 AUD per buy/sell”
Source: pearler.com/pricing · Confirmed on the broker's page on 13 November 2026.
Holding
“CHESS-sponsored ASX ETFs and shares.”
Source: pearler.com/pricing · Confirmed on the broker's page on 13 November 2026.
Execution
“When opening an ASX or US Shares account with Pearler you confirm that your details will be shared with our ASX broker Open Markets Australia Limited and / or our US broker Alpaca Securities LLC ("Alpaca Securities") (only as applicable) and an application for an brokerage account will be made.”
Source: pearler.com/legal/terms · Confirmed on the broker's page on 13 November 2026.
What can be traded
“Access 2000+ ETFs and shares on the ASX”
Source: pearler.com/asx-invest · Confirmed on the broker's page on 13 November 2026.
Licence
- AFS licence
- 337927 · SANLAM PRIVATE WEALTH PTY LTD
- ABN
- 18136960775
- Licensed since
- 14 August 2009
- Principal business
- Sydney NSW 2000
- Authorised to
- Buy and sell securities for clients (retail clients)
- Hold assets for clients (custody) (retail clients)
- Advise on securities (retail clients)
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Sources
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