Restricted Countries
Pearler says information is not an offer in jurisdictions where Pearler is not registered or able to market its services; no concise accepted/restricted-country list was found.
Source Brokers
Pearler is an Australian long-term investing platform focused on CHESS-sponsored ASX shares and ETFs, US shares and ETFs, micro-investing managed funds, and self-directed super products. It is built for buy-and-hold investors rather than short-term traders.
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82
/100
Overall score
Overall score is usable, but check the supporting evidence and caveats.
Based on evidence14 sources
Trust
84Cost
82Withdrawal
78Read first
Decision summary
82
/100
Overall
Overall is usable, but check the supporting evidence and caveats.
Headline score from research fields, regulation evidence, and scoring payload.
Best for
Australian buy-and-hold investors · ETF dollar-cost-averaging investors · Investors wanting CHESS-sponsored ASX holdings
Watch out
Not designed for short-term/active traders · Country availability/restrictions are not disclosed as a concise country list · US and Micro products re…
Trust signal
Trust is usable, but check the supporting evidence and caveats.
Withdrawal signal
Withdrawal is usable, but check the supporting evidence and caveats.
Availability
Countries and restrictions
Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.
Evidence
Source-backed details
Trust5 fields
Regulators
Australian financial services are under Sanlam AFSL/Pearler AR structure; US clearing broker Alpaca is FINRA/SIPC member.
SourceLicense Numbers
AR 1281540; Sanlam AFSL 337927; Openmarkets AFSL 246705; Cache Investment Management AFSL 514360; Cache RE Services AFSL 494886; super partners include AFSL 229757/500032/226319.
SourceRegulated Entities
Pearler is AR 1281540 of Sanlam Private Wealth AFSL 337927; ASX products use Openmarkets AFSL 246705; US products use Alpaca Securities; Micro fund issued by Cache (RE Services) AFSL 494886.
SourceNegative Balance Protection
Not applicable / not disclosed for long-only shares/ETF investing; no negative balance protection guarantee found.
SourceInvestor Compensation
US securities clearing broker Alpaca is FINRA/SIPC member; ASX holdings are CHESS-sponsored/HIN-based; cash/trust and partner structures vary by product.
SourceCost7 fields
Minimum Deposit
ASX initial investments must be at least AUD 500; Micro starts from AUD 5.
SourceSpread From
Not applicable: Pearler is a shares/ETF investing platform, not a forex/CFD spread broker.
SourceCommission
AUD 6.50 per ASX or US buy/sell; prepay discount can reduce each buy/sell by AUD 1.00.
SourceMaximum Leverage
Not disclosed / not applicable for retail share/ETF investing products; no margin or leverage product found in official product pages.
SourceDeposit Fee
Free to deposit and receive dividends for ASX and US Invest; Micro has nil establishment/contribution fees per FSG/PDS summary.
SourceWithdrawal Fee
Pearler pricing says users can withdraw and close their account any time; managed-fund FSG summary lists withdrawal fee and exit fee as nil.
SourceInactivity Fee
No inactivity fee found in the checked official pricing/FSG pages.
SourceAvailability1 fields
Restricted Countries
Pearler says information is not an offer in jurisdictions where Pearler is not registered or able to market its services; no concise accepted/restricted-country list was found.
SourceProduct5 fields
Tradable Assets
ASX shares/ETFs, US shares/ETFs, managed-fund Micro options and self-directed super investments.
SourceTrading Platforms
Pearler website and Pearler mobile app.
SourceAccount Types
ASX Invest supports multiple accounts (individual, joint, trust or minor); Pearler also offers Micro, Super, HomeSoon and Headstart products.
SourceDeposit Methods
AUD Cash funding via Invest & Cash/app; bank account linking uses Basiq or small deposit; PayID/direct debit/PayTo via Zepto; USD ACH and Wire details are available for US bank accounts.
SourceWithdrawal Methods
Withdraw cash from AUD Cash to linked primary bank account through website or mobile app.
SourceBefore you decide
Things to verify
Withdrawal Fee
Pearler pricing says users can withdraw and close their account any time; managed-fund FSG summary lists withdrawal fee and exit fee as nil.
Restricted Countries
Pearler says information is not an offer in jurisdictions where Pearler is not registered or able to market its services; no concise accepted/restricted-country list was found.
Negative Balance Protection
Not applicable / not disclosed for long-only shares/ETF investing; no negative balance protection guarantee found.
Investor Compensation
US securities clearing broker Alpaca is FINRA/SIPC member; ASX holdings are CHESS-sponsored/HIN-based; cash/trust and partner structures vary by product.
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Broker research, not investment advice
Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.