7 Best Investment Apps In Australia for 2026
This guide focuses specifically on mobile investment apps rather than full trading platforms. For comprehensive platform comparisons including desktop features and advanced trading tools, see our best investment platforms guide.
We’ve tested and analysed seven investment apps based on mobile experience, fees, minimum investments, and features that matter most to app-based investors. Whether you’re starting with $5 through micro-investing or building a diversified portfolio, there’s an app suited to your investment style.
- Expertise:
- Platform Testing, Cryptocurrency, Retail Investing
- Credentials:
- Active investor since 2013 · 11+ years experience
- Tested:
- 50+ platforms · 200+ guides authored
- Expertise:
- CFD Trading, Forex, Derivatives, Risk Management
- Credentials:
- Chartered ACII (2018) · Trading since 2012
- Tested:
- 40+ forex & CFD platforms with live accounts
How We Test
Real accounts. Real money. Real trades. No demo accounts or press releases.
What we measure:
- Spreads vs advertised rates
- Execution speed and slippage
- Hidden fees (overnight, withdrawal, conversion)
- Actual withdrawal times
Scoring:
Fees (25%) · Platform (20%) · Assets (15%) · Mobile (15%) · Tools (10%) · Support (10%) · Regulation (5%)
Testing team:
Adam Woodhead (investing since 2013), Thomas Drury (Chartered ACII, 2018), Dom Farnell (investing since 2013) — 50+ platforms with funded accounts
Quarterly reviews · Corrections: [email protected]
Disclaimer
Not financial advice. Educational content only. We're not FCA authorised. Consult a qualified advisor before investing.
Capital at risk. Investments can fall. Past performance doesn't guarantee future results.
CFD warning. 67-84% of retail accounts lose money trading CFDs. High risk due to leverage.
Contact: [email protected]
What Is the Best Investment App in Australia?
eToro is Australia's best investment app for 2026, offering copy trading to replicate expert strategies, $0 commission on stocks, and access to 3,000+ assets including shares, ETFs, and crypto. Regulated by ASIC (AFSL 491139), eToro's mobile app serves 40 million users globally with an intuitive interface designed for beginners and experienced investors alike.
51% of retail CFD accounts lose money.
Trading and investing involve risk. Capital at Risk
Trading and investing involve risk. Capital at Risk
Trading and investing involve risk. Capital at Risk
Trading and investing involve risk. Capital at Risk
Trading and investing involve risk. Capital at Risk
Trading and investing involve risk. Capital at Risk
How Do the Best Investment Apps Compare?
Australia's investment app market has matured significantly, with ASIC-regulated providers now offering everything from social trading to automated round-ups. The best apps balance accessibility with genuine investment features. Here's how the top seven compare across key criteria:
| # | App | Best For | Min. Investment | Brokerage | Key Features | Rating |
|---|---|---|---|---|---|---|
| 1 | eToro | Copy Trading | $50 | $0 stocks | 3,000+ assets, copy trading, AUD accounts | 4.8/5 |
| 2 | Stake | Low-Cost CHESS | $500 (ASX) | $3 | CHESS-sponsored, 12,000+ stocks, fractional US | 4.7/5 |
| 3 | Raiz | Micro-Investing | $5 | $5.50/month | Round-ups, pre-built portfolios, rewards cashback | 4.8/5 |
| 4 | CommSec Pocket | Beginners | $50 | $2 | 7 ETFs only, CBA integration, simple interface | 4.5/5 |
| 5 | Webull | $0 ETF Trading | $500 (ASX) | $0 ETFs | CHESS-sponsored, $0 permanent ETF brokerage | 4.6/5 |
| 6 | Superhero | ASX Trading | $10 | $2 | Fractional shares, Qantas Points, low minimum | 4.5/5 |
| 7 | Stockspot | Robo-Advisor | $2,000 | 0.66%/year | Automated portfolios, tax optimization, rebalancing | 4.6/5 |
What Are the Best Investment Apps in Australia for 2026?
Each app serves different investor needs. Use this quick reference to identify which apps offer the features most important to your investment strategy:
| App | CHESS | Fractional | US Markets | Auto-Invest |
|---|---|---|---|---|
| eToro | No | Yes | Yes | Yes |
| Stake | Yes | Yes (US) | Yes | No |
| Raiz | No | Yes | Via ETFs | Yes |
| CommSec Pocket | Yes | No | Via ETFs | Yes |
| Webull | Yes | No | Yes | No |
| Superhero | Yes | Yes | Yes | No |
| Stockspot | No | Yes | Via ETFs | Yes |
Here Are The Top 7 Investment Apps:
1. eToro — Best Overall Investment App (Copy Trading)
2. Stake — Best for Low-Cost CHESS Trading
3. Raiz — Best for Micro-Investing
4. CommSec Pocket — Best for Beginners
5. Webull — Best for $0 ETF Trading
6. Superhero — Best for ASX Trading
7. Stockspot — Best Robo-Advisor App
eToro – Best Overall Investment App
Best for Copy Trading
Pros
- CopyTrader automatically mirrors trades of top-performing investors
- $0 commission on stocks (spread applies)
- Access to 3,000+ assets including stocks, ETFs, and crypto
Cons
- Shares held in custody (not CHESS-sponsored)
- Spreads can be wider than traditional brokers
- $5 withdrawal fee applies
What Are the Fees for eToro?
eToro offers $0 commission on stocks, with the cost built into the spread between buy and sell prices. ASX shares attract $2 brokerage. Crypto purchases incur a 1% fee. Currency conversion fees start from 0.75% and reduce based on your eToro Club tier, with AUD accounts now available to eliminate conversion when trading ASX stocks.
What Makes eToro's Copy Trading Unique?
eToro's CopyTrader feature lets you automatically replicate the trades of successful investors with verified track records. You can view detailed statistics including historical performance, risk scores, and portfolio composition before copying. Smart Portfolios offer pre-built thematic strategies managed by eToro's team. The social feed provides real-time market discussion and trading ideas from the community.
Who Is eToro Best For?
Beginners who want to learn from successful investors, social traders, and those seeking a single app for stocks, ETFs, and crypto. The $100,000 virtual portfolio makes eToro ideal for practice trading without risking real money.
How Is eToro Regulated?
eToro AUS Capital Limited is regulated by ASIC under AFSL 491139. The platform segregates client funds and maintains strict operational standards as required by Australian financial services regulation.
Stake – Best for Low-Cost CHESS Trading
Most Loved & Most Trusted
Pros
- $3 CHESS-sponsored brokerage -- lowest cost for direct ownership
- 12,000+ ASX and US stocks and ETFs
- Fractional US shares from US$10
Cons
- $500 minimum for ASX (standard CHESS requirement)
- FX conversion fee for US trading
- Basic account has limited research tools
What Are the Fees for Stake?
Stake charges $3 brokerage on ASX trades up to $30,000, or 0.01% on trades above $30,000. US trades cost US$3 under the same structure. FX conversion applies at 0.70% when moving money between AUD and USD. Stake Black premium membership ($14/month) unlocks market depth, advanced charting, and instant buying power on US trades.
Why Does CHESS Sponsorship Matter?
With CHESS sponsorship, your shares are registered directly in your name on the ASX subregister. You receive a unique Holder Identification Number (HIN) that identifies your holdings. If Stake were to fail, your shares remain yours – clearly registered in your name and transferable to another broker. This provides stronger ownership protection than custodial models.
Who Is Stake Best For?
Cost-conscious investors who want direct share ownership through CHESS sponsorship, active traders who value the premium mobile experience, and investors wanting access to both ASX and US markets from a single app.
How Is Stake Regulated?
Stake is regulated by ASIC under AFSL 548196. US holdings are protected by SIPC insurance up to $500,000. The company has grown to become Australia's third-largest broker with over 750,000 users.
Raiz – Best for Micro-Investing
Best Round-Up Feature
Pros
- Automatic round-ups invest spare change effortlessly
- $5 minimum makes investing accessible to anyone
- Seven pre-built portfolios managed by professionals
Cons
- Monthly fee less attractive for larger balances
- Limited investment control (cannot pick individual stocks)
- Custodial model (not CHESS-sponsored)
What Are the Fees for Raiz?
Raiz charges a flat monthly subscription: $5.50/month for balances under $25,000 (Standard), $9.50/month for Premier, or $15/month for Sapphire (over $25,000). This fee structure suits small account holders better than percentage-based fees but becomes less competitive as your balance grows. Raiz Rewards cashback from 350+ retailers helps offset subscription costs.
How Do Round-Ups Work?
Raiz rounds up your everyday card purchases to the nearest dollar and invests the spare change. Buy coffee for $4.60, and Raiz invests 40 cents. Weekly transactions of 20-30 purchases typically generate $5-10 in automatic investments. You can multiply round-ups (2x, 5x, 10x) to accelerate savings, plus set up recurring deposits and one-off contributions.
Who Is Raiz Best For?
Beginners who want completely passive investing, people who struggle to save regularly, and those with small amounts to invest. The automatic round-up feature is ideal for building wealth without thinking about it.
What Portfolios Does Raiz Offer?
Raiz offers seven managed portfolios: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, Aggressive, Emerald (ESG-focused), and Sapphire (high-value clients). Each portfolio contains a professionally managed mix of ETFs covering Australian and international shares, bonds, property, and cash. You simply choose a risk level matching your goals.
CommSec Pocket – Best for Beginners
Simplest Interface
Pros
- Seven carefully curated ETFs remove decision overwhelm
- $2 flat brokerage on trades under $1,000
- CBA integration with NetBank makes deposits seamless
Cons
- Limited to seven ETFs (no individual stocks)
- Less flexible than full trading platforms
- Requires CommBank account for best experience
What Are the Fees for CommSec Pocket?
CommSec Pocket charges $2 brokerage for trades under $1,000. For trades between $1,000 and $3,000, brokerage is 0.20%. Trades over $3,000 cost $6. This fee structure makes Pocket very cost-effective for small, regular investments but less competitive for larger trades. No account keeping fees or ongoing charges apply.
What ETFs Can I Invest In?
CommSec Pocket offers seven ASX-listed ETFs: IOO (Global 100), DHHF (Diversified All-Growth), NDQ (Nasdaq 100), IVV (S&P 500), IOZ (ASX 200), DBBF (Diversified Balanced), and DZZF (Diversified Conservative). These cover Australian and international shares, bonds, and property in pre-built diversified packages. All are CHESS-sponsored holdings in your name.
Who Is CommSec Pocket Best For?
Complete beginners overwhelmed by investment choices, CBA customers wanting seamless banking integration, and those seeking simple, low-minimum ETF investing. The limited selection actually helps decision-making for new investors.
How Does CBA Integration Work?
CommSec Pocket links directly to your CommBank accounts through NetBank. You can view your Pocket investments alongside your everyday banking, set up automatic recurring investments, and instantly transfer funds without waiting for clearing. This integration makes investing feel like a natural extension of your banking routine.
Webull – Best for $0 ETF Trading
$0 Permanent ETF Brokerage
Pros
- $0 permanent brokerage on ASX-listed ETFs
- CHESS-sponsored for direct share ownership
- Advanced charting tools and technical indicators
Cons
- No fractional shares on ASX (full units only)
- $500 minimum per ASX trade (standard CHESS requirement)
- Interface more complex than beginner-focused apps
What Are the Fees for Webull?
Webull offers permanent $0 brokerage on ASX-listed ETFs with no promotional limits or restrictions. For ASX stocks, brokerage is $3 for trades up to $3,000, or 0.1% for trades over $3,000. US trading costs US$0 per trade. FX conversion applies at 0.50% when moving between AUD and USD. No account fees, platform fees, or hidden charges apply.
Why Is $0 ETF Brokerage Important?
For long-term ETF investors, brokerage costs compound significantly. Investing $500 monthly with $3 brokerage costs $36 yearly – that's lost returns. Webull's permanent $0 ETF brokerage means every dollar goes into your portfolio. This matters most for regular, small contributions where percentage returns on your investment matter more than absolute trade costs.
Who Is Webull Best For?
ETF-focused investors who want to eliminate brokerage costs entirely, regular investors making frequent small contributions, and those who want CHESS sponsorship without ongoing fees. The advanced tools suit investors comfortable with more technical analysis.
What Tools Does Webull Offer?
Webull provides professional-grade charting with 50+ technical indicators, multiple chart types, and custom drawing tools. The platform includes Level 2 market depth data, extended hours trading for US markets, customizable watchlists, and real-time market news. While more complex than beginner apps, these tools offer significant value for investors wanting deeper market analysis.
Superhero – Best for ASX Trading
Earn Qantas Points
Pros
- $10 minimum with fractional shares on ASX
- Earn Qantas Points on every trade (unique in Australia)
- $2 flat brokerage on ASX trades
Cons
- Fractional CHESS shares have some transfer limitations
- FX fee for US trading (0.65%)
- Limited research tools compared to full brokers
What Are the Fees for Superhero?
Superhero charges $2 flat brokerage on ASX trades regardless of size. US trading costs US$0 per trade. FX conversion applies at 0.65% when trading US stocks. No account keeping fees, inactivity fees, or hidden charges. The Qantas Points rewards effectively reduce your net trading costs if you value frequent flyer points.
How Do Fractional Shares Work?
Superhero lets you buy fractions of ASX shares from $10, making expensive stocks accessible. Want to buy CSL at $280/share? Invest $50 and own 0.18 shares. Fractional holdings are still CHESS-sponsored in your name, receive proportional dividends, and can be sold anytime. The $10 minimum is Australia's lowest for CHESS-sponsored shares, democratizing access to quality companies.
How Do Qantas Points Work?
Link your Qantas Frequent Flyer account to Superhero and earn points on every trade. ASX shares and ETFs earn 1 point per $10 traded. US shares earn bonus points during promotions. Points post monthly and count toward Qantas status credits. For frequent traders, this unique benefit adds meaningful value beyond just investment returns.
Who Is Superhero Best For?
Investors with small amounts who want to access expensive ASX shares, Qantas Frequent Flyer members who value points rewards, and those seeking low-minimum CHESS-sponsored investing. The $10 fractional minimum makes quality ASX stocks accessible to everyone.
Stockspot – Best Robo-Advisor App
Hands-Off Investing
Pros
- Completely hands-off -- set and forget investing
- Automatic rebalancing, tax optimization, and adjustments
- Professional management at 0.66% annually
Cons
- $2,000 minimum higher than other apps
- No control over individual investments
- Management fee compounds over very long periods
What Are the Fees for Stockspot?
Stockspot charges 0.66% annually on portfolios up to $100,000, reducing to 0.55% on amounts over $100,000. This management fee covers portfolio construction, rebalancing, tax optimization, and all platform features. ETF management fees (typically 0.10-0.30%) are separate and paid to ETF providers. No trading fees, no additional charges, and no performance fees apply.
How Does Stockspot Work?
After answering questions about your goals, timeline, and risk tolerance, Stockspot builds a personalized portfolio from diversified ETFs. The platform automatically invests your deposits, rebalances quarterly to maintain target allocations, harvests tax losses to offset gains, and gradually shifts to more conservative investments as you approach your goal. You simply deposit money and watch your portfolio grow – Stockspot handles everything else.
Who Is Stockspot Best For?
Time-poor professionals who want professional management without the effort, those uncomfortable making investment decisions themselves, and investors seeking set-and-forget wealth building. The completely hands-off approach suits people who would otherwise leave money in savings accounts.
What Is Stockspot's Track Record?
Stockspot has managed portfolios since 2013, providing over a decade of transparent performance data. The platform's Balanced portfolio has delivered returns averaging 8-10% annually over its history, outperforming many traditional managed funds while maintaining lower fees. Past performance doesn't guarantee future returns, but Stockspot's track record demonstrates consistent, disciplined portfolio management.
How Do Investment Apps Handle US Markets?
Most Australian investment apps now offer US market access, but the approaches differ significantly. Here's how each app handles US stocks and ETFs:
| App | US Stocks | US ETFs | Fractional | FX Fee |
|---|---|---|---|---|
| eToro | ✅ | ✅ | ✅ | 0.75%+ |
| Stake | ✅ | ✅ | ✅ | 0.70% |
| Webull | ✅ | ✅ | ❌ | 0.50% |
| Superhero | ✅ | ✅ | ✅ | 0.65% |
| CommSec Pocket | ❌ | Via ETFs | N/A | N/A |
If you primarily want US exposure without direct stock picking, CommSec Pocket's Global 100 ETF or Stockspot's portfolios provide diversified US market access through ASX-listed ETFs, avoiding currency conversion fees entirely.
Are Investment Apps Safe in Australia?
All seven apps reviewed are regulated by ASIC and hold Australian Financial Services Licences (AFSLs), providing strong consumer protection. ASIC regulation requires brokers to segregate client funds, maintain adequate capital, and meet strict operational standards.
How Are the Apps Regulated?
| App | AFSL | Additional Protection |
|---|---|---|
| eToro | 491139 | Lloyd's insurance (premium tiers) |
| Stake | 548196 | SIPC (US holdings, up to $500k) |
| Raiz | 434776 | ASX-listed company (RZI) |
| CommSec Pocket | 238814 | CBA subsidiary |
| Webull | 536980 | SIPC (US holdings) |
| Superhero | 430150 | SIPC (US holdings) |
| Stockspot | 536082 | Professional indemnity insurance |
Important Note: Unlike bank deposits, investments are not covered by the government guarantee. The value of shares, ETFs, and other investments can go down as well as up. ASIC regulation protects against broker misconduct but not market losses.
How Do I Choose the Right Investment App?
Selecting the right investment app depends on your investment goals, experience level, and how actively you want to manage your portfolio. Use this decision framework to find your match:
"I'm completely new to investing" → CommSec Pocket (simplest) or Raiz (most passive)
"I want to learn from successful investors" → eToro (copy trading)
"I want to own my shares directly (CHESS)" → Stake (lowest cost) or Webull ($0 ETFs)
"I just want someone to manage it for me" → Stockspot (robo-advisor)
"I want the lowest possible fees for ETFs" → Webull ($0 permanent)
"I'm a Qantas frequent flyer" → Superhero (earn points on trades)
"I'm a CBA customer" → CommSec Pocket (integrated)
Questions to Ask Yourself:
- How much can I invest initially? – Determines minimum requirements (Raiz $5 vs Stockspot $2,000)
- How often will I trade? – Impacts brokerage costs (frequent traders benefit from flat fees)
- Do I want CHESS ownership? – Direct registration vs custodial models
- ASX only or US markets too? – Determines app options and FX considerations
- Hands-on or hands-off? – DIY trading vs robo-advisor automated management
Final Thoughts
Australia's investment app landscape offers genuine choice across copy trading, micro-investing, DIY share trading, and robo-advice. eToro emerges as the best overall investment app, combining unique copy trading features with broad asset access and an intuitive mobile experience that suits both beginners and experienced investors.
For cost-conscious investors prioritising direct share ownership, Stake's $3 CHESS-sponsored brokerage delivers exceptional value. Those wanting completely passive investing should consider Raiz's round-up features for building wealth with spare change, or Stockspot's professionally managed portfolios for a hands-off approach with a decade of proven performance.
CBA customers will find CommSec Pocket's bank integration worth exploring for simple ETF investing. ETF-focused investors should strongly consider Webull's permanent $0 brokerage, while Qantas frequent flyers can earn points with every trade through Superhero.
For comprehensive platform comparisons including desktop features, see our best investment platforms guide. Those interested in more active trading approaches can explore our best trading platforms and copy trading platforms guides.