You both get $20 credit towards fees (capped at $6.50 a month, for 3 months)
Your friend will get the reward on sign up and you'll get it once your friend makes their first investment in Shares
$20 Brokerage Credit (Valid for 3 Months) for Referee & Referrer, Capped at $6.50/Month @ Pearler Share Trading
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Referral: random (178)
Both referrer and referee each receive 1 share brokerage credit (worth $6.50) per month for 6 months.
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It wasn't that bad, but I wouldn't say fuss-free. A few days after I kicked off the HIN transfer process, OpenMarkets informed Pearler via email that I had US stocks in my SelfWeath account that would be closed when the HIN was transferred. In order for them to process the transfer I had to transfer my US stocks to DriveWealth (Pearler's US affiliate I assume).
SelfWeath wanted to charge me $110 AUD to transfer these US stocks. Since they were only a tiny % of my portfolio I decided to just open a new HIN with Pealer and have my ASX stocks transferred for free. I advised SelfWealth of this decision and they facilitated the transfer with Pealer directly to a new HIN. After a few days the stocks appeared in my Pealer account and were removed from my SelfWealth account. I think I had to log into my registries and enable DRP again, but I can't remember.
Hope that helps.
Cheaper brokerage at Stake given it's $3 up to $30k.
Just make a new HIN and transfer the shares over?
I have. My main reasons were saving on brokerage (I prepay and get $5.50 trades) and their auto-buy feature that moves money out of my bank and buys shares once a month.