Best Investment Apps in Australia have shaken up the investment world, making it a game more people can play. Instead of scheduling meetings with a suit-and-tie stockbroker and sifting through spreadsheets, these platforms have boiled down the complexities of investing into a user-friendly experience that fits in your pocket. They can be a great way for beginner investors to get started or for those who want to diversify their portfolios without having to commit a large amount of money.
Best Investment Apps in Australia: Investing On the Go
Micro-investing apps have exploded in popularity since 2016 and are now available from a range of financial institutions. They offer low barriers to entry for investors, including a small minimum investment amount and the ability to invest regularly or on an as-needed basis.
When selecting an investing app, it is important to consider the fees and features of each platform. Fees can eat into your returns over time, so be sure to compare the different options on the market. Look for a transparent pricing structure and user reviews to make an informed decision.
The most popular micro-investing apps in Australia are Raiz, CommSec Pocket, and Sharesies. Raiz is the best app for beginners, offering automatic round-up investing and a range of pre-built investment portfolios suited to different risk tolerances. It also offers educational resources for newcomers to the stock market. Its fee structure is one of the most competitive, with a flat brokerage fee of $5 per trade (for Australian shares) and a low management fee of 1.2% p.a.