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Spaceship vs Raiz vs CommSec: Finding the Best Micro Investing App in Australia

@EQUITYMATES|22 March, 2023

If you’re ready to begin your investment journey and have decided that micro investing apps are the way to go, you’re on the right track! However, with so many options available, you might be wondering what is Raiz? Or how does Spaceship investment compare to others? We’ll discuss the pros and cons of three popular micro investment apps in Australia: Raiz, Spaceship, and CommSec Pocket.

Feel free to reach out and let us know what you choose – contact@equitymates.com

Raiz

Raiz is a micro investing app that offers diversified portfolios made up of multiple ETFs. With a minimum deposit and investment of $5, users can invest automatically through roundups, recurring investments, or lump-sum investments. There are eight portfolio options available, including sustainable choices and a rewards program for online shopping. Raiz is suitable for those who want a set-and-forget investment option with little initial capital. However, fees can be costly for balances below $7.5k, and investment options are limited to predetermined portfolios or selected ETFs.

Spaceship

Spaceship investment is an Australian platform that provides three actively managed funds consisting of growth stocks. With a minimum deposit of $5 and no minimum investment, Spaceship offers a simple choice of well-diversified portfolios. Users can automate their investments through roundups, lump-sum investments, boosts, and investment goals. While Spaceship has its advantages, it’s important to note that its portfolios are actively managed and consist of 100% stocks.

CommSec Pocket

CommSec Pocket is a micro investing app offering a curated selection of ETFs, with a minimum deposit and investment of $50. Users can auto-invest through monthly or fortnightly transfers or make lump-sum investments. Pros include an easy-to-use platform and a straightforward fee structure. However, fees can be relatively high for small investments, and some popular low-cost ETFs, like Vanguard options, are missing.


Conclusion: Raiz or Spaceship? Spaceship vs Raiz? Best Round Up Apps Australia?

Ultimately, choosing the best micro investing app in Australia depends on your personal preferences and investment goals. Raiz offers a set-and-forget approach with a variety of portfolios, while Spaceship provides actively managed funds and simple portfolio options. CommSec Pocket presents a curated selection of ETFs with an easy-to-use platform. Assess your risk tolerance, investment style, and desired level of control over your investments to determine the best option for you. Remember, investing is a journey, and the most important thing is to start and stay committed to your financial goals.

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