Saving and investing go hand in hand here in Australia. Whether you are parking your savings in a cash account for short-term goals like a house deposit or investing small amounts of money to grow your wealth over the long term, a micro-investing platform can be an ideal option for getting started.Find out :
Top Investment Apps for Australian Investors are designed to allow you to make low-cost and small investments in shares or ETFs (exchange traded funds). Many platforms offer a range of diversified portfolios to suit different levels of risk, while others give you the option to select individual stocks. Some also allow you to trade in both Australian and US markets.
The following are some of the top investment apps for Australians:
CommSec Pocket
A micro-investing app offered by Commonwealth Bank, CommSec Pocket allows you to buy stocks in increments of $50 or less into a range of themed ETFs. It charges a flat brokerage fee of $2 for every trade up to $1,000, and management fees that vary by portfolio.
Douugh
An online investment app from AMP, Douugh allows you to invest through an industry-first “Autopilot” feature that automatically schedules investments based on your financial goals and budget. Its base (Everest) portfolio offers a diversified mix of US share market ETFs, which are rebalanced each quarter and has no minimum investment amount.
Pearler
One of Australia’s most well-known investment apps, Pearler encourages Aussies to focus on long-term buy and hold investing strategies, and is a CHESS sponsored broker. This means that your shares are held under your HIN, which makes it easier to get your shares back if your app experiences difficulties.
