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Best micro-investing apps in Australia (2024)

If you're looking to start investing but you haven't got a large deposit, micro-investing apps can help you get into the market sooner.

Micro-investing apps are one of the many recent products aimed at making investing more accessible for would-be investors.

With features like auto-investing, fractional shares, round-ups and more, micro-investing is suitable for anyone looking for a convenient and affordable way to start building an investment portfolio.

What micro-investment apps are available in Australia?

These are the notable micro-investing apps on the market in Australia in 2024:

  • Raiz
  • Spaceship Voyager
  • Sharesies
  • Commsec Pocket
  • Pearler Micro
  • Doough
  • Bloom

While other trading platforms and brokers offer low-fee investing options, we're focusing on platforms that are specifically designed around making small investments and aimed at beginner or hands-off investors.

You can read our guide to the best share trading platforms if you're looking for a fully-featured investing app.

Raiz Invest

Raiz is a mobile app that rounds up the spare change from your daily purchases and invests the excess into one of several investment portfolios. There are 9 different portfolios to choose from based on your appetite for risk and it lets you set up recurring payments or make lump sum instalments.

There are no minimum account balances and deposits and withdrawals are free. All you need to do to get started is provide your bank account number, BSB number and online banking login details.

Depending on which portfolio you select, you'll need to pay a monthly maintenance fee of between $4.50 - $5.50. Balances of $20,000 and above attract a monthly fee equal to 0.275% of your balance.

Spaceship VoyagerSpaceship Voyager logo

Spaceship Voyager is a robo-advice platform that lets you transfer small amounts into an investment portfolio without the need to pay for a financial adviser.

There are 5 portfolios to choose from – Spaceship Earth, Universe and Origin, Explorer and Galaxy – with all 5 investing your funds into a mix of Australian shares, global shares and cash.

You can set up regular top-ups each week, fortnight or month, plus there are no contribution, brokerage, withdrawal or exit fees charged on your portfolios.

There is a 0.15-0.50% management fee on each portfolio, as well as a $2-3 a month fee on portfolios with a balance of $100 or more.

CommSec PocketCommSec Pocket logo

CommSec Pocket isn't a traditional micro-investment app, but it does let you invest smaller amounts into the stock market than you'd normally be allowed. When you invest in Australian ETFs or stocks, there's usually a $500 minimum initial trade requirement and brokerage fees upwards of $10–$30.

However, with the CBA's CommSec Pocket, you can invest as little as $50 at a time into an ETF of your choice with a brokerage fee of just $2.

There are 10 investment themes to choose from – each is an individual listed ETF. This means it lets you directly invest in an ETF of your picking.

Like the others, you can either set it to make regular monthly or fortnightly payments, or you can make one-off payments as you like.

SharesiesSharesies logo

Sharesies says it aims to democratise investing by allowing you to invest from as little as $5.

Through its app, you can invest in a variety of stocks and ETFs on the Australian Securities Exchanges (ASX), New Zealand Exchange (NZX), New York Stock Exchange (NYSE), the Nasdaq and Chicago Board Options Exchange (CBOE).

However, Sharesies is not like its rivals as it doesn't have pre-set portfolios and won't charge you a monthly fee. Instead, it charges brokerage fees based on your trades.

You'll need to pay a brokerage fee and 1.9% transaction fee each time you buy or sell shares on the pay-as-you-go account, but can have these fees waived up to certain values on the 3 paid account tiers.

PearlerPearler logo

One of the relatively new players to the market, Pearler is now going beyond traditional share trading and into micro-investing.

With the aim of "boring, long-term investing", Pearler allows you to invest in 8 pre-determined ETFs.

Pearler charges its customers $1.70 per month if they select 1 fund, or $2.30 per month should they have multiple funds after balances reach $100.


Doough offers share-trading, auto-investing and portfolio-based investments with minimum investments of just $1.

Depending on how you choose to invest, you'll need to pay a $3.99-5.99 fee every 28 days, as well as a 0.99 FX fee when buying US stocks. However, there's no management fees on its 6 pre-built portfolios, and you won't pay any fees on portfolios under $50.


Bloom says it is the simplest way to invest in clean technology. And that is kind of what it delivers.

The micro-investing app has the simple goal of helping investors directly invest in climate change solutions. You'll get the chance to invest in a fund that offers a diversified range of climate solutions, from solar farms, energy storage and green bonds to clean energy loans.

On the downside, you've only got a single option to invest in.

Micro-investment app comparison

PlatformFeesMinimum investmentInvestment options
Raiz Invest
  • Brokerage. $0.
  • Subscription. $4.50-$5.50 per month (or 0.275% per month on $20K+) and an annual fee (depending on the portfolio you choose)
$5Choose from 9 portfolios containing a mix of ETFs, property, Bitcoin and stocks based on risk level.
CommSec Pocket
  • Brokerage. $2 per trade <$1,000 or 0.2% of trade value >$1,000.
  • Subscription. $0.
$50Invest directly in a selection of 7 ETFs.
Spaceship Voyager
  • Brokerage. $0.
  • Subscription. Balance <$5,000: $0. Spaceship Index Portfolio balance > $5,000: 0.05% per year. Spaceship Universe Portfolio balance >$5,000: 0.10% per year.
$0Choose from 5 portfolios that have a different mix of Aussie and global shares, cash and bonds.
  • Brokerage. $6 brokerage on AU stocks and US$5 on US stocks + 1.9% fee. Paid plans waive fees up to certain amounts.
$5Buy shares in over 2,300 companies and ETFs listed on the ASX.
  • Brokerage. AUD$6.50 flat fee per transaction to buy or sell AUD and US shares.
  • Subscription to Pearler micro – $1.70 a month to invest in 1 fund, $2.30 if you invest in multiple.
$0Invest directly in over 2,000 ASX and 5,000 US shares. For its micro-investing product, choose from 8 different ETFs.
  • Subscription. $3.99 every 28 days for portfolio investing or $5.99 for share trading.
$1Invest in 6 pre-built portfolios, or buy shares directly, including fractional shares and autopilot investing.
  • Subscription. $4.50 per month for balances under $10,000 and 0.80% for over $10,000.
$500Invest in an actively managed fund with 53 international companies, 5 green ETFs, 24 Australian listed businesses, green infrastructure and green bonds.

Finder survey: What features matter most to Australians when choosing a robo-advisor or micro-investment app?

Easy to use app67.14%
Available markets (e.g. Australian or US stocks or ETFs)34.29%
Spare change round ups32.86%
Good range of available products or portfolios21.43%
Risk profiling20%
Ethical options12.86%
Security and regulation11.43%
Budgeting or savings tools10%
Real advice10%
None of the above1.43%
Source: Finder survey by Pure Profile of 1145 Australians, December 2023

Fractional share trading apps

Fractional share trading apps don't fall under the traditional banner of "micro-investment", but they do allow you to invest as little as a few dollars at a time into stocks (depending on the platform you use).

Fractional share trading is where you invest in fractions of shares rather than whole shares. For instance, instead of buying a single Facebook stock for $260, you could buy one-tenth of a stock for $26 or even one-hundredth of a stock for $2.60.

While it's a popular trading feature in the US, only a few share trading apps offer the service in Australia.

Among online brokers that offer fractional share trading are eToro (minimum $10), Stake (minimum $10), Interactive Brokers (no minimum) and Douugh ($1 minimum).

Name Product Standard brokerage for US shares Currency conversion fee Asset class
Finder AwardExclusive
50-150 pips
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
0.50% (50 pips)
ASX shares, Global shares, Options trading, US shares, ETFs
Finder exclusive: Get an additional 30 days of $0 brokerage. Get advanced research and trading tools with $0 brokerage and free lvl 2 NASDAQ stock data for 30 days. T&Cs apply.
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.

Important: Share trading can be financially risky and the value of your investment can go down as well as up. “Standard brokerage” fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

What are the fees?

Be aware that there are costs to micro-investing which may eat into what you're saving or getting back in returns. It's important to double-check fees with the performance of the app's chosen investment portfolio. For example, if you're only investing $5 per month, the total fees are $2.50 per month and the returns are less than 1% per month, you might be better off sticking to a savings account.

The fees. There is any number of fees that a micro-investment app may charge. Some of the most common include:

  • Brokerage fees. The cost each time you invest or make a transaction.
  • Subscription or management fees. An ongoing monthly or yearly fee to keep the account open.
  • Other fees. Additional costs may include cancellation fees, withdrawal fees, transaction fees and account opening fees.

That said, you don't need to be a millennial to take advantage of the benefits of micro-investing. Anyone who thinks they might benefit from the convenience of an automatic investment plan should consider the benefits of this approach.

Benefits of micro-investing

It's easy

  • It's quick and simple to set up an account with a micro-investing platform and link it to your bank accounts. It then acts like a sort of electronic piggy bank for your spare change.

It's convenient

  • Micro-investing requires minimal input on your part. Because the entire process is automated, you can start building an investment balance without even realising it.

You can start a savings habit

  • By getting into micro-investing from a young age, you can create positive saving habits that will last a lifetime. It's an effective way for Australians who have never invested their money before to make a start.

Minimal investment required

  • You don't need a huge bank balance to take advantage of a micro-investing platform. You can start by investing your small change and then watch your balance grow.

Choose from diversified portfolios

  • The money in your investment fund can be balanced in a diversified ETF portfolio based on your financial goals and your appetite for risk. You don't need to be an investment expert or have specialised financial knowledge.

What are the risks of micro-investing?

No guarantee of returns

  • Like any investment strategy, there's no guarantee that the investment portfolio that you choose will perform as you hope. In fact, if the investors behind the app lose money, then your balance will fall. This is why it is important to align your goals and objectives with your risk tolerance.

Fee for service

  • It's worth noting that these platforms aren't free. You'll pay a management fee. This will either be a flat fee or calculated based on the percentage in your account. These fees may also differ depending on your account balance, so it's key to monitor your account regularly to make sure the fee structure continues to work in your favour.

Easy to set and forget your account

  • Many investors choose to micro-invest because it's easy to set and forget. This can be a good thing in a bull market as it stops you from trying to overly manage and gets rid of the temptation to overtrade. It also runs the risk that the investor doesn't regularly review the performance of the fund. As such, you could underperform your own expectations while still paying for a service that isn't living up to your expectations.

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To make sure you get accurate and helpful information, this guide has been edited by Joselle Delos Reyes as part of our fact-checking process.
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Written by

Investments analyst

Kylie Purcell is the senior investments editor and analyst at Finder. She has completed a Certificate of Securities and Managed Investments (RG146) and specialises in investment products including online brokers, robo-advisors, stocks and ETFs. See full bio

Kylie's expertise
Kylie has written 155 Finder guides across topics including:
  • Investment strategies
  • Financial platforms
  • Stockbrokers
  • Robo advisors
  • Exchange traded funds (ETFs)
  • Ethical investing
  • ASX stocks
  • Stock and forex markets
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Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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