{
 "dataset": "Australian online stockbrokers",
 "source": "Each broker's own pricing page, Financial Services Guide and terms (brokerage, CHESS sponsorship or custody, execution and clearing); ASIC's Australian Financial Services Licensee register on data.gov.au (licence, ABN, authorisations)",
 "licence_note": "Brokerage a broker charges in US dollars is converted at the Reserve Bank of Australia's 4pm AUD/USD rate (CC BY 4.0, source: Reserve Bank of Australia). The licence fields are from ASIC's AFS Licensee dataset on data.gov.au, published under the Creative Commons Attribution 3.0 Australia licence. Brokerage, holding model, execution and clearing are facts read from each broker's own published pages, and every one carries the URL and the sentence it was read from. Brokerage is the standard online rate for one ASX trade; it changes without notice and some brokers price differently for frequent traders, other settlement accounts or phone orders. This is reference data, not advice about which broker to use.",
 "broker": {
  "slug": "pearler",
  "name": "Pearler",
  "product": "ASX Invest",
  "website": "https://pearler.com/",
  "category": "active_asx_retail",
  "checked": "2026-11-06",
  "status_note": "Operating; FSG dated 1 July 2026.",
  "successor_slug": null,
  "legal_entity": "Pearler Investments Pty Ltd",
  "entity_note": null,
  "authorised_representative_of": "Sanlam Private Wealth Pty Ltd",
  "authorised_representative_no": "1281540",
  "afsl": "337927",
  "abn": "32625120649",
  "acn": null,
  "holding": "chess",
  "holding_note": "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.",
  "asx_coverage": null,
  "asx_coverage_note": "2,000+ ETFs and shares on the ASX",
  "execution_participant": "Openmarkets Australia Limited",
  "clearing_participant": null,
  "international_shares": true,
  "brokerage": {
   "currency": "AUD",
   "gst": "included",
   "tiers": [
    {
     "up_to": null,
     "fee": 6.5,
     "percent": null,
     "min": null,
     "max": null
    }
   ],
   "rule": "Flat $6.50 per buy or sell.",
   "conditions": [],
   "gst_note": "Pearler confirmed on 6 November 2026, replying to the maintainer's question, that its $6.50 brokerage includes GST, and by 10 November its FSG said so too: fees in it are \"inclusive of the Goods and Services Tax (GST)\" unless otherwise stated (it had said exclusive). Its pricing page does not say.",
   "prepaid": {
    "tiers": [
     {
      "up_to": null,
      "fee": 5.5,
      "percent": null,
      "min": null,
      "max": null
     }
    ],
    "gst": "included",
    "rule": "Flat $5.50 per buy or sell when brokerage is prepaid: 15% off the standard $6.50, saving $1.00 a trade.",
    "how": "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.",
    "terms": [
     "Prepaid credits cannot be refunded or transferred, and expire 2 years after purchase if not used."
    ],
    "quotes": [
     "prepaid",
     "prepaid_terms"
    ],
    "gst_note": "The prepaid $5.50 is the $6.50 brokerage, GST included, less $1.00 (Pearler's confirmation of 6 November 2026).",
    "prices": {
     "500": 5.5,
     "1000": 5.5,
     "2000": 5.5,
     "5000": 5.5,
     "10000": 5.5,
     "25000": 5.5,
     "50000": 5.5,
     "100000": 5.5
    }
   }
  },
  "account_fee": null,
  "expected": {
   "1000": 6.5,
   "10000": 6.5,
   "50000": 6.5
  },
  "quotes": {
   "brokerage": {
    "text": "CHESS-sponsored ASX ETFs and shares. $6.50 AUD per buy/sell",
    "url": "https://pearler.com/pricing",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "CHESS-sponsored ASX ETFs and shares. $6.50 AUD per buy/sell",
     "url": "https://pearler.com/pricing#:~:text=CHESS%2Dsponsored%20ASX%20ETFs%20and%20shares.%20%246.50%20AUD%20per%20buy%2Fsell",
     "document_sha256": "f4edb907cd4341eeaac4d98f8b9ce375ab34ae5b09ae7e4359f8ae5ccb9bff99",
     "confirmed": "2026-11-13"
    }
   },
   "holding": {
    "text": "CHESS-sponsored ASX ETFs and shares.",
    "url": "https://pearler.com/pricing",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "CHESS-sponsored ASX ETFs and shares.",
     "url": "https://pearler.com/pricing#:~:text=CHESS%2Dsponsored%20ASX%20ETFs%20and%20shares.",
     "document_sha256": "f4edb907cd4341eeaac4d98f8b9ce375ab34ae5b09ae7e4359f8ae5ccb9bff99",
     "confirmed": "2026-11-13"
    }
   },
   "execution": {
    "text": "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.",
    "url": "https://pearler.com/legal/terms",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "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.",
     "url": "https://pearler.com/legal/terms#:~:text=When%20opening%20an%20ASX%20or,brokerage%20account%20will%20be%20made.",
     "document_sha256": "54b1391656d2abb32cd0022c00e7d326e7c392967174c5d8c76fe125b6b3e73a",
     "confirmed": "2026-11-13"
    }
   },
   "coverage": {
    "text": "Access 2000+ ETFs and shares on the ASX",
    "url": "https://pearler.com/asx-invest",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "Access 2000+ ETFs and shares on the ASX",
     "url": "https://pearler.com/asx-invest#:~:text=Access%202000%2B%20ETFs%20and%20shares%20on%20the%20ASX",
     "document_sha256": "7d67aeb1d81015439264dc7331eb3533737da5ac808da907a37dc97582ca2b78",
     "confirmed": "2026-11-13"
    }
   },
   "gst": {
    "text": "Unless otherwise stated, all fees, charges, commissions and benefits disclosed in this FSG are inclusive of the Goods and Services Tax (GST).",
    "url": "https://pearler.com/legal/financial-services-guide",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "Unless otherwise stated, all fees, charges, commissions and benefits disclosed in this FSG are inclusive of the Goods and Services Tax (GST).",
     "url": "https://pearler.com/legal/financial-services-guide#:~:text=Unless%20otherwise%20stated%2C%20all%20fees%2C,Goods%20and%20Services%20Tax%20%28GST%29.",
     "document_sha256": "d3f44eebe20570f3ec7a3a5b7c3304c48be2357fa6f7e815a58c60803d358b3b",
     "confirmed": "2026-11-13"
    }
   },
   "prepaid": {
    "text": "$6.50 AUD per buy/sell Prepay for 15% off to save $1.00 each buy/sell",
    "url": "https://pearler.com/pricing",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "$6.50 AUD per buy/sell Prepay for 15% off to save $1.00 each buy/sell",
     "url": "https://pearler.com/pricing#:~:text=%246.50%20AUD%20per%20buy%2Fsell%20Prepay,to%20save%20%241.00%20each%20buy%2Fsell",
     "document_sha256": "f4edb907cd4341eeaac4d98f8b9ce375ab34ae5b09ae7e4359f8ae5ccb9bff99",
     "confirmed": "2026-11-13"
    }
   },
   "prepaid_terms": {
    "text": "After purchase, prepaid credits purchased cannot be refunded or transferred and will expire in 2 years if not utilised",
    "url": "https://pearler.com/legal/financial-services-guide",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "After purchase, prepaid credits purchased cannot be refunded or transferred and will expire in 2 years if not utilised",
     "url": "https://pearler.com/legal/financial-services-guide#:~:text=After%20purchase%2C%20prepaid%20credits%20purchased,2%20years%20if%20not%20utilised",
     "document_sha256": "d3f44eebe20570f3ec7a3a5b7c3304c48be2357fa6f7e815a58c60803d358b3b",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro": {
    "text": "Option 2: Micro $2.00 AUD flat fee per month The first two months are fee-free!",
    "url": "https://pearler.com/pricing",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "Option 2: Micro $2.00 AUD flat fee per month The first two months are fee-free!",
     "url": "https://pearler.com/pricing#:~:text=Option%202%3A%20Micro%20%242.00%20AUD,first%20two%20months%20are%20fee%2Dfree%21",
     "document_sha256": "f4edb907cd4341eeaac4d98f8b9ce375ab34ae5b09ae7e4359f8ae5ccb9bff99",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_covers": {
    "text": "Choose from a range of 10 investment funds Invest or sell without transaction fees",
    "url": "https://pearler.com/pricing",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "Choose from a range of 10 investment funds Invest or sell without transaction fees",
     "url": "https://pearler.com/pricing#:~:text=Choose%20from%20a%20range%20of,or%20sell%20without%20transaction%20fees",
     "document_sha256": "f4edb907cd4341eeaac4d98f8b9ce375ab34ae5b09ae7e4359f8ae5ccb9bff99",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_fund": {
    "text": "The Pearler Investors Fund is issued by Cache (RE Services) Ltd (ACN 616 465 671, AFSL 494 886).",
    "url": "https://pearler.com/pricing",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "The Pearler Investors Fund is issued by Cache (RE Services) Ltd (ACN 616 465 671, AFSL 494 886).",
     "url": "https://pearler.com/pricing#:~:text=The%20Pearler%20Investors%20Fund%20is,465%20671%2C%20AFSL%20494%20886%29.",
     "document_sha256": "f4edb907cd4341eeaac4d98f8b9ce375ab34ae5b09ae7e4359f8ae5ccb9bff99",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_etfs": {
    "text": "Invest in a managed fund that track popular ETFs.",
    "url": "https://pearler.com/micro",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "Invest in a managed fund that track popular ETFs.",
     "url": "https://pearler.com/micro#:~:text=Invest%20in%20a%20managed%20fund%20that%20track%20popular%20ETFs.",
     "document_sha256": "75f3809f43222b8d5d66369a432ca17f0e4b7eba066a2a196c3ed1fd082fe146",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_fee": {
    "text": "From this date onwards, a flat fee of $2.00 per month will apply, irrespective of account balance or the number of Investment Options held.",
    "url": "https://pearler.com/terms/PDS.pdf",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "From this date onwards, a flat fee of $2.00 per month will apply, irrespective of account balance or the number of Investment Options held.",
     "url": "https://pearler.com/terms/PDS.pdf#page=6",
     "page": 6,
     "document_sha256": "b5feccec332f271b214ed6f5d185b503fde4055fa508d1bfb1a0d939b0a0c10b",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_minimum": {
    "text": "The minimum investment amount is $5. There is no minimum withdrawal amount or minimum balance.",
    "url": "https://pearler.com/terms/PDS.pdf",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "The minimum investment amount is $5. There is no minimum withdrawal amount or minimum balance.",
     "url": "https://pearler.com/terms/PDS.pdf#page=3",
     "page": 3,
     "document_sha256": "b5feccec332f271b214ed6f5d185b503fde4055fa508d1bfb1a0d939b0a0c10b",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_spread": {
    "text": "The Trustee has elected not to charge such application and redemption fees, however a buy/sell spread applies.",
    "url": "https://pearler.com/terms/PDS.pdf",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "The Trustee has elected not to charge such application and redemption fees, however a buy/sell spread applies.",
     "url": "https://pearler.com/terms/PDS.pdf#page=7",
     "page": 7,
     "document_sha256": "b5feccec332f271b214ed6f5d185b503fde4055fa508d1bfb1a0d939b0a0c10b",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_distributions": {
    "text": "The Fund does not pay distributions to you.",
    "url": "https://pearler.com/terms/PDS.pdf",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "The Fund does not pay distributions to you.",
     "url": "https://pearler.com/terms/PDS.pdf#page=3",
     "page": 3,
     "document_sha256": "b5feccec332f271b214ed6f5d185b503fde4055fa508d1bfb1a0d939b0a0c10b",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_gst": {
    "text": "Amounts are inclusive of Goods and Services Tax (GST)",
    "url": "https://pearler.com/terms/PDS.pdf",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "Amounts are inclusive of Goods and Services Tax (GST)",
     "url": "https://pearler.com/terms/PDS.pdf#page=6",
     "page": 6,
     "document_sha256": "b5feccec332f271b214ed6f5d185b503fde4055fa508d1bfb1a0d939b0a0c10b",
     "confirmed": "2026-11-13"
    }
   },
   "plan_micro_regular": {
    "text": "The minimum investment under a regular investment plan is $5 per period",
    "url": "https://pearler.com/terms/PDS.pdf",
    "checked": {
     "status": "found",
     "at": "2026-11-13T00:45:45+00:00"
    },
    "citation": {
     "quote": "The minimum investment under a regular investment plan is $5 per period",
     "url": "https://pearler.com/terms/PDS.pdf#page=2",
     "page": 2,
     "document_sha256": "b5feccec332f271b214ed6f5d185b503fde4055fa508d1bfb1a0d939b0a0c10b",
     "confirmed": "2026-11-13"
    }
   }
  },
  "sources": [
   "https://pearler.com/pricing",
   "https://pearler.com/legal/financial-services-guide",
   "https://pearler.com/legal/terms",
   "https://pearler.com/",
   "https://pearler.com/asx-invest",
   "https://pearler.com/micro",
   "https://pearler.com/terms/PDS.pdf"
  ],
  "documents": [
   {
    "title": "Pricing",
    "url": "https://pearler.com/pricing"
   },
   {
    "title": "Financial Services Guide",
    "url": "https://pearler.com/legal/financial-services-guide"
   },
   {
    "title": "Terms and Conditions",
    "url": "https://pearler.com/legal/terms"
   },
   {
    "title": "Pearler Investors Fund (Micro) Product Disclosure Statement",
    "url": "https://pearler.com/terms/PDS.pdf"
   }
  ],
  "curation_notes": "The brokerage quote joins separate lines of the pricing page. No percentage tier or cap for large orders is shown, so it is treated as flat at all sizes. Pearler confirmed on 6 November 2026 that the $6.50 brokerage includes GST, and its FSG, read 10 November 2026, now says its fees include GST unless stated (it had said exclude); the pricing page does not say. AFSL 337927 is the licensee Sanlam Private Wealth. Pearler pages do not name the CHESS sponsor or clearing participant. The execution quote names Openmarkets as \"Open Markets Australia Limited\"; the FSG table writes \"Openmarkets Australia Limited\". Prepaid price and the Micro plan read 6 November 2026: the pricing page gives the 15% prepay discount, the FSG the credits' terms; Micro buys units in the Pearler Investors Fund (PDS dated 17 December 2024, whose $2.00 monthly fee applies from 1 February 2025), not ASX shares. Pearler Plus ($3.00 a month, 'premium tools and discounts') names no brokerage discount and is not recorded.",
  "plans": [
   {
    "name": "Micro",
    "fee": 2.0,
    "period": "month",
    "annual_fee": null,
    "currency": "AUD",
    "gst": "included",
    "gst_note": "The Pearler Investors Fund's PDS says \"Amounts are inclusive of Goods and Services Tax (GST)\" (quote plan_micro_gst).",
    "buys_asx_shares": false,
    "per_trade_fee": 0,
    "covers_order_value": null,
    "covers_auto_invest_value": null,
    "what_it_covers": "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.",
    "limits": [
     "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."
    ],
    "quotes": [
     "plan_micro",
     "plan_micro_covers",
     "plan_micro_fund",
     "plan_micro_etfs",
     "plan_micro_fee",
     "plan_micro_minimum",
     "plan_micro_regular",
     "plan_micro_spread",
     "plan_micro_distributions",
     "plan_micro_gst"
    ],
    "per_size": null
   }
  ],
  "licence": {
   "afsl": "337927",
   "name": "SANLAM PRIVATE WEALTH PTY LTD",
   "abn": "18136960775",
   "acn": null,
   "licensed_since": "2009-08-14",
   "locality": "Sydney NSW 2000",
   "authorisations": {
    "advice_securities": [
     "retail"
    ],
    "custody": [
     "retail"
    ],
    "deal_securities_for_clients": [
     "retail"
    ]
   },
   "source": {
    "dataset": "ASIC AFS Licensee dataset",
    "url": "https://data.gov.au/data/dataset/asic-afs-licensee",
    "release": "https://data.gov.au/data/dataset/ab7eddce-84df-4098-bc8f-500d0d9776d1/resource/d98a113d-6b50-40e6-b65f-2612efc877f4/download/afs_lic_202611.csv",
    "last_modified": "2026-11-11T20:51:07.739275",
    "licence": "Creative Commons Attribution 3.0 Australia"
   },
   "disagreements": []
  },
  "category_label": "Open to new retail clients for ASX shares",
  "holding_label": "CHESS-sponsored",
  "prices": {
   "500": 6.5,
   "1000": 6.5,
   "2000": 6.5,
   "5000": 6.5,
   "10000": 6.5,
   "25000": 6.5,
   "50000": 6.5,
   "100000": 6.5
  },
  "prices_native": null,
  "fx": null,
  "etf_brokerage": null,
  "etf_prices": null,
  "etf_sell_prices": null,
  "page": "https://deepalmanac.com/au/finance/stockbrokers/pearler/",
  "json": "https://deepalmanac.com/au/finance/stockbrokers/v1/brokers/pearler.json"
 }
}