Top Investing Apps in Australia have gone digital. Forget scheduling meetings with suit-and-tie stockbrokers and sifting through spreadsheets, you can now do it all on your smartphone. And that includes making actual investments – with apps.
These investment apps are shaking up the traditional investing world by lowering the barrier to entry, and making it possible for people on tight budgets to get into shares. But it’s important to find the right one for your needs, as not all apps are created equal.
Australia’s Leading Apps for Smart Investing
Raiz, formerly Acorns, is among the most popular investment apps in Australia, having pioneered spare change investing, or “round-up” technology, which automatically rounds up your everyday transactions to the nearest dollar and invests the spare cents. It offers a variety of portfolios to suit different risk tolerance levels, and users can deposit lump sums or set up recurring top-ups.
Certified B-corporation Sharesies has hit Australian shores with a similar app experience that, in their words, breaks down investing into a simple and easy-to-understand process that gives someone with $5 the same investing opportunities as someone with $5 million. They offer a wide range of direct shares and Exchange Traded Funds (ETFs), including Australia, US, and New Zealand markets, and you can choose between a handful of managed fund portfolios prepared by their in-house trading gurus.
Pearler is another well-known investment app, which specializes in what they call “boring investing”. They’re all about buy-and-hold, long-term investing, and you can choose between three different managed fund portfolios, which include target FIRE (financial independence retire early) dates if that’s your thing. You can also deposit lump sums or set up recurring weekly, fortnightly, or monthly top-ups.