Announcing the move on Tuesday, Superhero said New Zealand investors could now trade Australian and US-listed shares on the platform, while the ability to trade New Zealand shares was on the way.

Superhero CEO and co-founder, John Winters, said: “We are incredibly proud and excited to launch Superhero in New Zealand today. We know New Zealand is a population of incredibly engaged investors and we look forward to supporting them in growing their wealth.”

The platform will offer brokerage services of zero dollars and 0.5 percent foreign exchange fees for US trades and $5 brokerage fees and 0.5 percent foreign exchange fees for Australian trades.

“Since launching in late 2020. Superhero’s focus is on value and providing better opportunities than what established companies have offered investors – and we’re excited to do the same in New Zealand,” Mr Winters said.

“Our aim is to enable New Zealand investors to invest without prohibitive costs or complex pricing models.”

Superhero added that New Zealand investors will have access to the platform’s portfolio reporting features, as well as real-time currency transfers and Superhero’s referral program.

Chief Technology Officer and co-founder of Superhero, Wayne Baskin, said: “It is very important to us that our New Zealand investors have the same great experience as our Australian investors. That’s part of the reason we invest so heavily in our technology to make sure we’re building a platform that we can add features to meet the needs of today’s investors.

“For us at Superhero, our aim is to give all Australians and New Zealanders access to investment opportunities, regardless of age, status, income or circumstances. We want to reduce costs and provide a user-friendly platform where investors can grow their wealth.”

In December 2022 Superhero suffered a split with digital currency exchange Swyftx. Superhero said this was due to “market volatility” as well as the current regulatory environment, which Mr Winters said “has made it increasingly difficult to achieve the original vision that inspired the merger earlier this year”.

“After discussions with Swyftx management and its board, we have come to the decision that a spin-off is in the best interests of both Superhero and Swyftx, our teams and customers,” Mr. Winters said at the time.