Top 5 Investment Apps for Beginners in Australia
Firstly; getting started with investing can be overwhelming, but the right tools can make all the difference. But, If you’re a beginner in Australia; choosing an investment app that suits your needs is crucial. Following, here’s a breakdown of the top 5 investment apps that can help you take your first steps into the world of investing with ease.
1. Raiz
Raiz is one of the most popular apps for beginners in Australia. Known for its micro-investing features, Raiz allows you to invest spare change from everyday purchases into diversified portfolios. Overall this app is perfect for those who want to start small but stay consistent. With options to adjust your risk level, Raiz is a great way to grow your portfolio gradually.
2. CommSec Pocket
CommSec Pocket is an ideal choice for beginners who want exposure to exchange-traded funds (ETFs) without the high entry costs. For as little as $50, you can start investing in a range of ETF options. The app is easy to navigate, with educational content and step-by-step guidance, making it a solid pick for novice investors who are looking to understand the stock market better.
3. Spaceship Voyager
Spaceship Voyager offers a user-friendly experience with no fees on balances under $5,000, which is perfect for those just starting. The app focuses on growth-oriented portfolios, with an emphasis on innovative companies. If you’re looking to invest in the tech sector or companies shaping the future, Spaceship Voyager could be the right choice for you. With no minimum investment required, it’s accessible for any beginner.
4. SelfWealth
For those wanting more control over their investments, SelfWealth is an excellent choice. It offers flat-fee trading, allowing you to buy and sell shares without being charged a percentage of your trade value. This app is great for beginners who are ready to explore DIY investing while keeping costs low. SelfWealth also provides access to ASX stocks and offers tools to track and compare your portfolio’s performance.
5. Sharesies
Sharesies is a relatively new player in the Australian market but has quickly gained popularity due to its low-cost entry point and ability to buy fractional shares. This means you can start investing with as little as $5. The app provides access to both Australian and global markets, making it a fantastic option for beginners who want to diversify their investments.
Conclusion about Top 5 Investment Apps
Finally for beginners in Australia, choosing the right investment app is key to building confidence and gaining financial knowledge. Whether you’re interested in micro-investing with Raiz, trading ETFs with CommSec Pocket, or diving into global markets with Sharesies, these apps offer a wide range of tools and features that cater to new investors. With simple interfaces and affordable options, these platforms make it easier than ever to start your investment journey.