OpenInvest vs Spaceship Voyager
OpenInvest and Spaceship Voyager are both Australian robo-advice platforms, but they target very different investors. OpenInvest is a high-touch managed account service with a $20,000 minimum and a $7/month fee, while Spaceship Voyager is a low-barrier, app-first managed fund with no minimum and a $3/month fee. The biggest practical difference is access: OpenInvest gives you ASX-listed ETFs and bonds, whereas Spaceship gives you US shares and ETFs with fractional investing.
- ›You want exposure to ASX-listed ETFs and bonds alongside managed funds
- ›You need joint, company, trust, or SMSF account structures
- ›You're investing $20,000 or more and want a structured, rebalancing-focused robo-adviser
- ›You value phone-based customer support with extended business-hours access
- ›You want a CGT calculator and distribution breakdowns built into the platform
- ›You want to invest in US shares and US ETFs with fractional shares from as little as $0
- ›You prefer a mobile app (iOS and Android) over a desktop or web-only experience
- ›You're starting small with no minimum deposit and a low $3/month fee
- ›You want zero brokerage on all trades — no transaction fees whatsoever
- ›You want a simple, set-and-forget managed fund with weighted auto-invest
Where they differ
| Fact | OpenInvest | Spaceship Voyager |
|---|---|---|
| Minimum initial deposit | $20,000 | $0 |
| Monthly platform fee | $7/month | $3/month |
| Assets available | ASX ETFs, bonds, managed funds | US shares, US ETFs, managed funds |
| Account types | Individual, joint, company, trust, SMSF | Individual only |
| CHESS sponsorship | Custodian model | Custodian model |
Choose OpenInvest for ASX ETFs and multi-entity investing; choose Spaceship for low-cost US exposure via a mobile app.
Common questions
How do OpenInvest and Spaceship Voyager compare on minimum initial deposit?
OpenInvest: $20,000. Spaceship Voyager: $0. OpenInvest requires a serious commitment; Spaceship lets anyone start.
How do OpenInvest and Spaceship Voyager compare on monthly platform fee?
OpenInvest: $7/month. Spaceship Voyager: $3/month. Spaceship is cheaper, though OpenInvest's fee covers a broader account structure.
How do OpenInvest and Spaceship Voyager compare on assets available?
OpenInvest: ASX ETFs, bonds, managed funds. Spaceship Voyager: US shares, US ETFs, managed funds. Completely different asset universes — choose based on where you want exposure.
When is OpenInvest the better choice over Spaceship Voyager?
Pick OpenInvest if you want exposure to ASX-listed ETFs and bonds alongside managed funds; you need joint, company, trust, or SMSF account structures; you're investing $20,000 or more and want a structured, rebalancing-focused robo-adviser; or you value phone-based customer support with extended business-hours access.
When is Spaceship Voyager the better choice over OpenInvest?
Pick Spaceship Voyager if you want to invest in US shares and US ETFs with fractional shares from as little as $0; you prefer a mobile app (iOS and Android) over a desktop or web-only experience; you're starting small with no minimum deposit and a low $3/month fee; or you want zero brokerage on all trades — no transaction fees whatsoever.
OpenInvest or Spaceship Voyager — what's the verdict?
Choose OpenInvest for ASX ETFs and multi-entity investing; choose Spaceship for low-cost US exposure via a mobile app.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | OpenInvest | Spaceship Voyager |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | custodian |
| Individual HIN | No | — |
| Individual account | Yes | Yes |
| Joint account | Yes | No |
| Company account | Yes | No |
| Trust account | Yes | No |
| SMSF account | Yes | No |
| Kids / minor account | — | No |
| asset coverage | ||
| ASX shares supported | Yes | No |
| ASX ETFs supported | Yes | No |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | — | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | Yes | Yes |
| Bonds supported | Yes | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.7% |
| Holds USD account | — | No |
| FX currency switch trick | — | No |
| Market data fees | — | $0/month |
| Conditional order fees | — | $0 |
| Phone trade surcharge | — | $0 |
| Corporate action fees | — | Voyager: managed fund structure means corporate actions are handled inside the fund — no investor-level corporate action fees. US Investing: voting and mandatory corporate actions including dividends are free; Voluntary Corporate Actions (VCA) fee of US$100 per action processed. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX brokerage percentage | — | 0% |
| ASX free trade conditions | — | No brokerage applies to Voyager portfolios; investments are made via unit-trust managed funds with no transactional fees, regardless of order size. |
| US brokerage minimum | — | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $7/month | $3/month |
| Annual platform fee | — | $36/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | — | $0 |
| Off-market transfer fee | — | $0 |
| identity and trust | ||
| Legal entity name | OpenInvest Limited | Spaceship Capital Limited |
| AFSL number | 504,155 | 501,605 |
| Year founded | 2,017 | 2,017 |
| Parent / ownership | Privately owned (founder-led) | eToro Group Limited (acquired Spaceship 2024, fully owned subsidiary) |
| Country of incorporation | AU | AU |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $20,000 | $0 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | — | Direct debit, PayTo |
| Settlement period | — | Voyager: T+1/T+2 unit pricing (managed fund). US Investing: T+1 (US standard). |
| Withdrawal time | — | 1-2 business days from redemption request to funds in available money balance; additional bank transfer time to external account. |
| platform ux | ||
| iOS app | No | Yes |
| Android app | No | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | — | No |
| Free research reports | — | No |
| 2FA support | — | SMS + PIN |
| Customer support channels | phone, email | Email, Phone, Live chat, In-app chat |
| Support hours (AU time) | 8:00am-6:00pm AET, business days | Monday to Friday 8:30am - 5:30pm Sydney time (business days only) |
| Education content | structured | basic articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | — | No |
| trading mechanics | ||
| Market orders | No | Yes |
| Limit orders | No | — |
| Stop loss orders | No | No |
| Conditional orders | — | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | rebalancing | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | — | No |