Raiz Invest vs Spaceship Voyager
Raiz Invest and Spaceship Voyager are both Australian robo-advice platforms, but they invest your money in fundamentally different ways. Raiz puts you into a portfolio of ASX-listed ETFs, while Spaceship Voyager uses its own in-house managed funds — and also offers direct US shares. The biggest practical difference is what you're actually buying: Raiz gives you exposure to the ASX via ETFs, whereas Spaceship gives you access to US stocks and its own thematic managed funds.
- ›You want to invest with as little as $5 to start and use round-ups from everyday spending to build savings automatically.
- ›You need an SMSF account or a kids / minor account — Raiz supports both; Spaceship does not.
- ›You prefer a platform that offers a CGT report and distribution component breakdown for simpler tax time.
- ›You want a publicly listed Australian company (ASX: RZI) with a longer track record, founded in 2016.
- ›You want access to US shares and US ETFs — Spaceship offers direct US stock investing; Raiz does not.
- ›You want to pay the lowest monthly fee — Spaceship is $3/month ($36/year) versus Raiz at $5.50/month ($66/year).
- ›You want zero minimum to start investing and faster withdrawals (1-2 business days).
- ›You're interested in Spaceship's thematic managed funds like the 'Universe' or 'Earth' portfolios, which are not available on Raiz.
Where they differ
| Fact | Raiz Invest | Spaceship Voyager |
|---|---|---|
| Monthly fee | $5.50/month ($66/year) | $3/month ($36/year) |
| Minimum initial deposit | $5 | $0 |
| US shares & ETFs | Not supported | Supported (with fractional shares) |
| Account types | Individual, SMSF, Kids | Individual only |
| Withdrawal time | 3-5 business days | 1-2 business days |
Pick Raiz for SMSF, kids accounts and ASX ETF exposure; pick Spaceship for cheaper fees, US stocks and faster withdrawals.
Common questions
How do Raiz Invest and Spaceship Voyager compare on monthly fee?
Raiz Invest: $5.50/month ($66/year). Spaceship Voyager: $3/month ($36/year). Spaceship is cheaper by $30 a year.
How do Raiz Invest and Spaceship Voyager compare on minimum initial deposit?
Raiz Invest: $5. Spaceship Voyager: $0. Spaceship has no minimum to start; Raiz requires $5.
How do Raiz Invest and Spaceship Voyager compare on us shares & etfs?
Raiz Invest: Not supported. Spaceship Voyager: Supported (with fractional shares). Only Spaceship gives you direct access to US markets.
When is Raiz Invest the better choice over Spaceship Voyager?
Pick Raiz Invest if you want to invest with as little as $5 to start and use round-ups from everyday spending to build savings automatically; you need an SMSF account or a kids / minor account — Raiz supports both; Spaceship does not; you prefer a platform that offers a CGT report and distribution component breakdown for simpler tax time; or you want a publicly listed Australian company (ASX: RZI) with a longer track record, founded in 2016.
When is Spaceship Voyager the better choice over Raiz Invest?
Pick Spaceship Voyager if you want access to US shares and US ETFs — Spaceship offers direct US stock investing; Raiz does not; you want to pay the lowest monthly fee — Spaceship is $3/month ($36/year) versus Raiz at $5.50/month ($66/year); you want zero minimum to start investing and faster withdrawals (1-2 business days); or you're interested in Spaceship's thematic managed funds like the 'Universe' or 'Earth' portfolios, which are not available on Raiz.
Raiz Invest or Spaceship Voyager — what's the verdict?
Pick Raiz for SMSF, kids accounts and ASX ETF exposure; pick Spaceship for cheaper fees, US stocks and faster withdrawals.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Raiz Invest | Spaceship Voyager |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | custodian |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | No | No |
| Trust account | No | No |
| SMSF account | Yes | No |
| Kids / minor account | Yes | No |
| asset coverage | ||
| ASX shares supported | No | No |
| ASX ETFs supported | Yes | No |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | ||
| Fractional shares (ASX) | Yes | No |
| Fractional shares (US) | — | Yes |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | Yes | Yes |
| Bonds supported | No | 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 | Brokerage free across all plans — bulk ASX execution is bundled into the monthly subscription / management fee. No fees on deposits, withdrawals, or portfolio switches. | 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 | $5.5/month | $3/month |
| Annual platform fee | $66/year | $36/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $0 |
| identity and trust | ||
| Legal entity name | Raiz Invest Australia Limited | Spaceship Capital Limited |
| AFSL number | 434,776 | 501,605 |
| Year founded | 2,016 | 2,017 |
| Parent / ownership | Raiz Invest Limited (ASX: RZI) — Australian publicly listed parent | eToro Group Limited (acquired Spaceship 2024, fully owned subsidiary) |
| Country of incorporation | AU | AU |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $5 | $0 |
| Minimum subsequent purchase | $0 | $0 |
| Deposit methods | bank_transfer, debit_card, round_ups, recurring_direct_debit | Direct debit, PayTo |
| Settlement period | T+2 (ASX) — applies to fund trading via the underlying ETFs; member contribution settles in ~1-2 business days into the fund. | Voyager: T+1/T+2 unit pricing (managed fund). US Investing: T+1 (US standard). |
| Withdrawal time | 3-5 business days (T+2 ASX settle, then 1-3 days bank transfer) | 1-2 business days from redemption request to funds in available money balance; additional bank transfer time to external account. |
| 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 | SMS + PIN |
| Customer support channels | phone, email, in_app | Email, Phone, Live chat, In-app chat |
| Support hours (AU time) | Monday-Friday, 8:30am-5:30pm Sydney time | Monday to Friday 8:30am - 5:30pm Sydney time (business days only) |
| 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 | No |
| trading mechanics | ||
| Market orders | — | Yes |
| Stop loss orders | — | No |
| Conditional orders | — | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted/rebalancing | weighted |
| DRP (dividend reinvestment) | No | No |
| After-hours / overnight trading | — | No |