Robo Advisor comparison
QuietGrowth vs Raiz Invest
The biggest difference between QuietGrowth and Raiz Invest is the minimum commitment. QuietGrowth requires a $3,000 initial deposit and $2,000 subsequent purchases, making it a serious option for investors with meaningful capital. Raiz lets you start with just $5 and invest any amount after that, plus it offers round-ups and debit card deposits — features QuietGrowth doesn't have.
Choose
QuietGrowth
if…
- ›You want zero monthly or annual platform fees — QuietGrowth absorbs all costs into the management fee
- ›You need joint, company, or trust account options, which Raiz doesn't offer
- ›You prefer a smaller, independently owned operator rather than a publicly listed company
- ›You're comfortable with a $3,000 minimum and plan to invest in larger lump sums
- ›You want all brokerage costs bundled into the management fee with no separate trading charges
Choose
Raiz Invest
if…
- ›You want to start investing with as little as $5 and add any amount after that
- ›You like the idea of round-ups from everyday spending to automatically build your portfolio
- ›You want a kids / minor account option — Raiz offers it, QuietGrowth doesn't
- ›You prefer a publicly listed ASX company (Raiz Invest Limited) with more transparent reporting
- ›You want flexible deposit methods including debit card and recurring direct debit
Where they differ
| Fact | QuietGrowth | Raiz Invest |
|---|---|---|
| Minimum initial deposit | $3,000 | $5 |
| Monthly platform fee | $0/month | $5.50/month |
| Account types | Individual, Joint, Company, Trust, SMSF | Individual, SMSF, Kids/Minor |
| Fractional ASX shares | Not supported | Supported |
| Deposit methods | Bank transfer (EFT) only | Bank transfer, debit card, round-ups, recurring direct debit |
Verdict
Choose QuietGrowth for low-cost, larger-sum investing with broader account types; pick Raiz for micro-investing, round-ups, and a kids account.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | QuietGrowth | Raiz Invest |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | custodian |
| Individual account | Yes | Yes |
| Joint account | Yes | No |
| Company account | Yes | No |
| Trust account | Yes | No |
| SMSF account | Yes | Yes |
| Kids / minor account | No | Yes |
| asset coverage | ||
| ASX shares supported | No | No |
| ASX ETFs supported | Yes | Yes |
| US shares supported | No | No |
| US ETFs supported | No | No |
| Other markets supported | ||
| Fractional shares (ASX) | No | Yes |
| Fractional shares (US) | No | — |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | No | Yes |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| Holds USD account | No | — |
| Market data fees | $0/month | — |
| costs visible | ||
| ASX free trade conditions | No brokerage/trading fees are payable on any ETF transactions executed by QuietGrowth on behalf of the client; all dealing costs are absorbed into the annual management fee structure. | Brokerage free across all plans — bulk ASX execution is bundled into the monthly subscription / management fee. No fees on deposits, withdrawals, or portfolio switches. |
| Monthly platform fee | $0/month | $5.5/month |
| Annual platform fee | $0/year | $66/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | QuietGrowth Pty Ltd (ACN 602 754 692) | Raiz Invest Australia Limited |
| AFSL number | 505,929 | 434,776 |
| Year founded | 2,014 | 2,016 |
| Parent / ownership | Independently / privately owned (founders Dilip Sankarreddy and Krupakar Chinnasani); operates as Corporate Authorised Representative of Amplus Global Pty Ltd (AFSL 505929) | Raiz Invest Limited (ASX: RZI) — Australian publicly listed parent |
| Country of incorporation | AU | AU |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | $3,000 | $5 |
| Minimum subsequent purchase | $2,000 | $0 |
| Deposit methods | bank_transfer_eft | bank_transfer, debit_card, round_ups, recurring_direct_debit |
| Settlement period | T+2 (ASX standard) | T+2 (ASX) — applies to fund trading via the underlying ETFs; member contribution settles in ~1-2 business days into the fund. |
| Withdrawal time | — | 3-5 business days (T+2 ASX settle, then 1-3 days bank transfer) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | No | No |
| Free research reports | No | No |
| 2FA support | — | SMS |
| Customer support channels | email, phone, chat | phone, email, in_app |
| Support hours (AU time) | — | Monday-Friday, 8:30am-5:30pm Sydney time |
| Education content | basic_articles | 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 | ||
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | rebalancing | weighted/rebalancing |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | No | — |