Investing in Australia has become more accessible, thanks to a range of user-friendly apps. Whether you’re starting with $1,000 or $10,000, finding the right app can make all the difference. In this article, we’ll explore the best investing apps for beginners in Australia, focusing on their key features, fees, and overall ease of use.

Best Beginner Investing Apps in Australia 2024

1. Raiz Invest

Raiz is one of the most popular micro-investing apps in Australia. It rounds up everyday purchases to the nearest dollar and invests the spare change into diversified portfolios. This approach is ideal for beginners looking to dip their toes into the investment world without a hefty starting amount.

• Key Features:
  • Automated micro-investing.
  • Low starting amount: As little as $5.
  • Offers different portfolio options, from conservative to aggressive.

2. Spaceship Voyager

Spaceship Voyager offers simple and affordable ways to invest in global stocks. The app doesn’t charge any fees for accounts under $5,000, making it a great choice for beginners looking to grow their money without high fees.

• Key Features:
  • No management fees for accounts under $5,000.
  • Two investment portfolios to choose from.
  • Easy-to-use interface.

3. CommSec Pocket

CommSec Pocket, created by Commonwealth Bank, is designed for beginners who want to start with as little as $50. It offers seven different ETF options, which are less risky for new investors.

• Key Features:
  • Minimum investment of $50.
  • Access to seven ETFs.
  • Low brokerage fee of $2 per trade for investments under $1,000.

4. Stake

Stake is a trading app that offers access to U.S. stocks and ETFs. It’s ideal for those looking to diversify their portfolio internationally, and its commission-free structure is appealing to new traders.

• Key Features:
  • Access to over 4,000 U.S. stocks and ETFs.
  • Commission-free trades.
  • $3 fee to transfer funds from AUD to USD.

5. SelfWealth

SelfWealth offers a flat-fee trading structure, making it easier for beginners to budget for their investments. It’s ideal for Australian stocks and ETFs, with no additional commissions on trades.

• Key Features:
  • $9.50 flat fee for trades.
  • No commission-based fees.
  • Offers both Australian and U.S. stocks.

6. Superhero

Superhero is a low-fee investing app tailored for Australians. With no monthly fees for Australian stocks and competitive brokerage fees for U.S. shares, it’s an excellent option for beginner investors.

• Key Features:
  • $0 brokerage for Australian ETFs.
  • Access to Australian and U.S. stocks.
  • Low minimum investment of $100.

7. Pearler

Pearler stands out by offering auto-investing and a long-term wealth-building philosophy. It encourages dollar-cost averaging, making it easier for beginners to invest regularly and benefit from compounding returns.

• Key Features:
  • Auto-investing options.
  • Ideal for long-term investors.
  • $9.50 per trade.

8. eToro

eToro is a social trading platform that allows beginners to copy trades from experienced investors. It’s a unique feature that sets it apart from other platforms, making it easy for those new to investing.

• Key Features:
  • CopyTrader functionality.
  • Access to global stocks, ETFs, and cryptocurrencies.
  • No commission on stock trades.

9. IG Markets

IG Markets is best known for its low fees and range of markets. It provides access to more than 17,000 global markets, making it an excellent choice for beginners who want to explore international trading.

• Key Features:
  • Low-cost trading.
  • Extensive market access.
  • Educational resources for beginners.

10. Westpac Online Investing

Westpac Online Investing is an ideal app for those who are already Westpac customers. It integrates seamlessly with existing Westpac accounts and offers a broad range of investment options for beginners.

• Key Features:
  • Seamless integration with Westpac accounts.
  • Access to Australian and international markets.
  • Strong customer support.

11. Vanguard Personal Investor

Vanguard is a trusted name in the investment world, and their Personal Investor platform allows Australians to easily invest in a range of low-cost ETFs. It’s perfect for beginners interested in low-risk, long-term investments.

• Key Features:
  • No account fees for ETF investments.
  • Access to Vanguard’s famous low-cost ETFs.
  • Great for long-term investors.

Also Read: Stock Market Overview

Approach: Best stock Trading Apps in Australia

12. Acorns (Formerly Raiz)

Acorns has rebranded as Raiz in Australia, but the principles remain the same: automated, micro-investing with as little as $5. It’s perfect for beginners looking for a hands-off approach to investing.

• Key Features:
  • Automatic round-up feature.
  • User-friendly interface.
  • Diversified portfolios.

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FAQs on Investing in Australia

What is the best beginner investing app in Australia?

The best beginner investing app in Australia depends on individual needs. Raiz and Spaceship Voyager are excellent choices for micro-investing, while Stake and SelfWealth offer access to U.S. stocks for more diversification.

What is the best investment for beginners in Australia?

For beginners, the best investments are typically low-cost index funds or ETFs. These options, available on platforms like CommSec Pocket and Vanguard, provide exposure to diversified assets with minimal risk.

Which trading platform is best for beginners in Australia?

SelfWealth and CommSec Pocket are ideal for beginners due to their simplicity, affordable fees, and user-friendly interfaces. Stake is also a great choice for international exposure.

Which investment platform is best in Australia?

Vanguard Personal Investor is widely regarded as one of the best platforms due to its low fees and broad range of ETFs. For those interested in U.S. markets, Stake is an excellent option.

How can I start trading in Australia?

To start trading, you’ll need to sign up for an account with a platform like CommSec Pocket or Stake, deposit funds, and choose which assets to invest in, such as stocks, ETFs, or bonds.

Where to invest $10k in Australia?

If you have $10,000 to invest, consider low-cost ETFs available on platforms like Vanguard or SelfWealth. These funds offer diversification, which helps spread risk.

How to invest $1000 in Australia?

For $1,000, Raiz or Spaceship Voyager are great starting points. You could also look into CommSec Pocket to invest in low-cost ETFs with as little as $50 per trade.

How to grow your money in Australia?

To grow your money, invest regularly using dollar-cost averaging. Apps like Pearler and Raiz make it easy to set up automatic investments and benefit from long-term compounding returns.

Which investment gives the highest return in Australia?

Historically, stocks have offered the highest returns, though they come with higher risks. Stake, SelfWealth, and eToro offer access to global stocks, which can provide high returns over time.

Where is the safest place to invest money in Australia?

For safety, consider government bonds or low-risk ETFs. Platforms like Vanguard or CommSec Pocket offer access to these safer investment options.

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Final Thoughts

With so many investing apps available in Australia, beginners have never had more options. Whether you want to invest spare change with Raiz, diversify into U.S. stocks with Stake, or explore low-cost ETFs with CommSec Pocket, there’s an app to suit every investor’s needs. Be sure to consider your goals, risk tolerance, and investment horizon before selecting the app that works best for you.