Pearler is a low-cost online brokerage platform from Australia designed primarily for long-term passive investing. It stands out by offering features like autoinvest, prepaid brokerage fees for cheaper trading, microinvesting, and US share trading including fractional investing. The platform encourages a buy-and-hold strategy rather than frequent trading and focuses on simplicity with a minimalist user interface. Pros of Pearler include low flat-fee trades, CHESS sponsorship, automated US tax form filing, and accounts for kids and SMSFs. However, it lacks live market data, has relatively high currency exchange fees for US trades, and the interface may feel clunky or minimalistic for active traders. Account setup can be slow, taking several days. Customer service includes phone support but can be slow at times. Users generally find Pearler excellent for "set and forget" automated investing and long-term strategy but limited for active trading or research needs. Some negative points reported are slow trade execution, lack of live pricing, and past software issues impacting trading. Overall, Pearler is best suited for investors wanting simple, automated, long-term investing with transparency on fees and access to both Australian and US markets. Alternatives may be better for those wanting more active trading tools or lower FX fees. This summary is based on detailed reviews from multiple sources including Passive Investing Australia, Canstar, Reddit user discussions, and user review sites as of 2025.