If you’re looking to trade shares or build a portfolio of investment funds in Australia, Invest Using Apps in Australia might be the right solution for you. These apps offer convenient and low-cost trading. They also make it easy to manage your investments on the go and access real-time data. IG, Westpac Online Investing and Robinhood are among the most popular trading apps in Australia. Those that are licensed by the Australian Securities and Investments Commission (ASIC) are considered safer, as they provide users with compensation schemes that can help cover any losses.

While investing apps can be a useful tool, they’re not the best way to get started with stock trading. If you’re a newcomer to investing, it’s advisable to talk to an experienced financial adviser first and to develop a well-diversified portfolio of assets that fits with your risk tolerance and long-term goals.

Micro-Investing Apps

Micro-investing is a relatively new kid on the wealth-building block, which enables users to invest small amounts of money (typically a fraction of a dollar) into diversified portfolios of ETFs, leveraging the wheels of compound interest to boost their savings. Unlike traditional investing, which typically attracts high entry fees, micro-investing platforms have much lower start-up costs.

Australia’s most popular micro-investing platform is Raiz, which was one of the first to launch in the country and popularised spare change investing. Its micro-investing app allows you to invest a lump sum or through recurring fortnightly or monthly top-ups. It also offers a range of diversified portfolios, ranging from ‘Conservative’ to ‘Aggressive’, and provides some of the highest levels of customization. Pearler is another Australian-based micro-investing platform that specializes in “boring investing”, which encourages buy-and-hold strategies and a gradual, steady approach. It also allows investors to apply environmental, social, and governance (ESG) criteria to their portfolios, which can help filter out investments in heavy polluters or companies with poor human rights records.