Robo Advisor comparison
QuietGrowth vs Stockspot
QuietGrowth and Stockspot are both Australian robo-advisers founded in 2014, but they take very different approaches to custody. QuietGrowth operates as a custodian — you don't hold the underlying ETFs directly — while Stockspot is CHESS-sponsored, meaning the ASX lists you as the legal owner of the shares. That single difference ripples through fees, minimums, and account flexibility.
Choose
QuietGrowth
if…
- ›You want zero monthly or annual platform fees — QuietGrowth absorbs all costs into its management fee with no separate account-keeping charge.
- ›You're comfortable depositing $3,000 to start and topping up at least $2,000 at a time.
- ›You prefer a fully automated experience with rebalancing included and no need to think about brokerage or trading fees.
- ›You don't need a kids' account or dividend reinvestment and are happy to keep things simple.
Choose
Stockspot
if…
- ›You want CHESS sponsorship so the ASX records you as the direct owner of your ETFs.
- ›You want a lower entry point — $1,000 to start and $500 minimum for subsequent deposits.
- ›You need a kids / minor account or want dividend reinvestment (DRP) handled automatically.
- ›You prefer BPAY and direct debit as deposit options alongside standard bank transfer.
- ›You're happy to pay $1/month ($12/year) for the added transparency of CHESS ownership.
Where they differ
| Fact | QuietGrowth | Stockspot |
|---|---|---|
| CHESS sponsorship | Custodian model | CHESS-sponsored (direct ownership) |
| Monthly platform fee | $0/month | $1/month |
| Minimum initial deposit | $3,000 | $1,000 |
| Minimum subsequent purchase | $2,000 | $500 |
| Kids / minor account | Not available | Available |
Verdict
Choose QuietGrowth for zero platform fees and simplicity; choose Stockspot for CHESS ownership, lower minimums, and family-friendly accounts.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | QuietGrowth | Stockspot |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual account | Yes | Yes |
| Joint account | Yes | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| 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 | No |
| Fractional shares (US) | No | — |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| Holds USD account | No | No |
| Market data fees | $0/month | $0/month |
| Corporate action fees | — | Corporate actions (DRP, dividends, distributions) are handled automatically and included in the management fee. No separate corporate action fees disclosed. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| 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. | No brokerage charged at all - all trades (rebalancing, buys, sells) included in the all-inclusive monthly management fee. |
| Monthly platform fee | $0/month | $1/month |
| Annual platform fee | $0/year | $12/year |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | QuietGrowth Pty Ltd (ACN 602 754 692) | Stockspot Pty Ltd |
| AFSL number | 505,929 | 536,082 |
| Year founded | 2,014 | 2,014 |
| Parent / ownership | Independently / privately owned (founders Dilip Sankarreddy and Krupakar Chinnasani); operates as Corporate Authorised Representative of Amplus Global Pty Ltd (AFSL 505929) | Independent / privately held (founder Chris Brycki; shares common major shareholder with Global X Australia) |
| Country of incorporation | AU | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $3,000 | $1,000 |
| Minimum subsequent purchase | $2,000 | $500 |
| Deposit methods | bank_transfer_eft | Bank transfer (EFT), BPAY, Direct debit (recurring) |
| Settlement period | T+2 (ASX standard) | T+2 (ASX standard) |
| Withdrawal time | — | Typically 2-5 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | No | — |
| Free research reports | No | No |
| 2FA support | — | authenticator-app |
| Customer support channels | email, phone, chat | phone, email |
| Support hours (AU time) | — | Monday-Friday 9am-5pm AEST |
| Education content | basic_articles | structured-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 | ||
| Limit orders | — | No |
| Stop loss orders | — | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | rebalancing | weighted-rebalancing |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | No | No |