1,000 points for each eligible trade for first 10 trades (10,000). $5 brokerage minimum per trade ($0 brokerage trades do not count as an eligible trade).
So essentially $50 for 10,000. My points appeared the day after I made the trades, so might be helpful for any needing some extra points to get to points club/+ and not wanting to get fleeced from "top up points".
(See also https://www.ozbargain.com.au/node/722074 - which seems like a significantly harder offer to qualify for.)
Referrer and Referee each earn US$10 worth of Tesla stock. Referee must deposit minimum $100 into Superhero Wallet within 30 calendar days.
Remember to make each trade over $100 per T&C's.
My points took 3 business days to hit my QFF account after the trades, 5 buy/immediate sell and it was an easy 10,000 points.
Are you sure each trade has to be over $100 I'm not seeing it in the T&C.
Hmm I can't either, I'm pretty sure it was there when I read them, someone on the Qantas points collectors Facebook group pointed it out, either I'm crazy or they changed it, either way I personally would just buy over $100 just in case
I've saved the PDF version of the T&C already in case they ask. Was looking to just for a $1 trade but we will see.
@nightelves: Platform won't let you make a trade <$100.
In any event it's a fixed cost, if you're going to buy and immediately sell it doesn't matter if you're trading $1 or $10000 (other than the size of any difference between the price you buy/sell for obviously).
Australian Shares and ETFs
Superhero has a A$100 minimum trade on Australian shares and ETFs, including brokerage. We do not offer fractional shares on Australian shares, which means that you will need at least to invest at least the price of one whole share you wish to trade. For example, if you want to invest in a company with a share price of $200 AUD, you will need to invest at least $200 AUD to purchase one share.
Fair enough. Thanks
This is true, but you can also place a $100 market order for a stock with price >$50 and pay for a single unit (plus brokerage).
$50 for $100 worth of points, still come out ahead which is nice
How is it $50? Sorry trying to understand, so that I can try as well
QF points are selling at a rate of approximately $0.01c/pp. 10,000 pts = $100, a rate you can get relatively easy through Classifieds.
This is what Optus and Qantas state the value of points at too, 1c per point
The $50 is effectively tax deductible. So it is a little better, but still doesn't feel worth it for me.
Keep in mind that superhero is not chess sponsored. Holding shares with superhero comes with additional risk and exposure compared to say stake, which is chess sponsored and only has $3 trades…
Annoying. Would've been good to buy some shares/etfs and do a CHESS transfer over to your main brokerage like Commsec
You are still able to transfer from Superhero to a CHESS-sponsored broker.
Thanks. Will look at utilizing this deal tomorrow then
@OzBerghainer: Investing in the sharemarket to collect QFF seems like a low-yield strategy to me. For starters, you stump up $1000+ for stocks which you might have not bought otherwise at this time. Then there's the general market risk. A 5% decline in the market in the next few months is a realistic outcome, offsetting your cheap points. Then there's the tax, accounting, CHESS issues to take into consideration. At the very least, I would consider doing then ten trades into no more than two stocks if you are considering migrating them across to a CHESS broker.
@OzBerghainer: Wouldn't bother for the meagre amount of points on offer (After considering the $50 in brokerage you'd have to pay)
Transferring shares between brokers is a PITA. I've done it a few times now, and always taken more effort than reward - and generates significant paper waste in the process..
Is it. A deal breaker?
Does signup / approval take a long time?
Would like to know this also.
Was instant for me, then transferred money from ANZ account and it was instantly available
yep, just signed up, osko transfer came through pretty much instantly too.
Will make the trades tomorrow
I did ask this while waiting for breakfast to be served at a cafe, I was done with 10 trades before scrambled eggs arrived 😉
Osko rules
$50 for 10,000.
At $100 each. Seems like a very annoying way to earn 10k points.
Most, if not all, superhero deals are very average.
You know you get that $100 back right?
You can put $150 into the account, buy and sell $100 worth of shares 5 times, (paying $50 in fees total), and then withdraw the $100 leftover.
Of course there will be minor share price movements but if doing immediately it'll be miniscule. I 'made' about 50 cents with my easy trades, the whole process took 5 minutes.
Also recommend putting slightly more than $150 to ensure last trade is over $100 to account for those fluctuations
How does this mob compare to Etoro?
If you’re looking to invest (not just make a quick buck from the points), do note that neither Superhero nor eToro offer CHESS sponsorship. So would probably choose one that does since they’re more secure (yes non-CHESS do hold shares in a trust account buuuut in your name is better if you want to be sure). I know Stake now offer CHESS sponsorship with brokerage similar of even better - I’m sure there’s others too!
Etoro
There is absolutely zero reason to put real money in to dodgy brokers when there are plenty of proper brokers out there.
Done 5 buys and sells….
spent $50 on brokers fee and lose $0.4 on price drop
See how it goes
So 5 buys and 5 sells qualify?
I read it as 10 trades = 10 buys and 10 sells.
Please correct me if I'm wrong, have limited trading experience and doing this just for the points..
It says first 10 trades, each earn 1000 QF points
Each trade (buy or sell) incur a broker fee ($5)
So you can do 10buys (to max the bonus) if you want
Each buy OR sell is a trade.
5 buys and 5 sells = 10,000 Qantas Points.
Source: I did it last week and points in account.
@bobwokeup: I just picked a blue chip large company to avoid any crazy volatility. Literally bought and sold within 30 seconds
@bobwokeup: Well if you want to hold there is another deal where you buy $20k of shares somewhere else (i.e CommSec) and then transfer into Superhero account for 20000 Qantas points.
You have to HODL for 120 days to get that promo
@cook99: I’d like to do that but my wife won’t let me spend that much, so it’s small amounts like this that will have to do. Thanks for the suggestion though.
Pls suggest what to buy ;)
My 10k points came through after 2 business days
Thanks!
Can confirm this works. Lost ~$51 (brokerage fee for 10 trades @ $5 + ~ $1 on price drop) in the process but gained 10k QFF points in 2 days.
Don't forget this stacks with 1000 bonus points when linking your QFF accounts + 5000 points on first US share trade
Any suggestions for what stock I should do trades on? Guessing you can do this whole process of buying and selling in like five minutes flat or something
Anything that cost less than $100 per share really
would need to get in quick, deal expires 31 October 2022.