Robo Advisor comparison
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.
Choose
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.
- ›You want a publicly listed Australian company (ASX: RZI) with a longer track record, founded in 2016.
Choose
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).
- ›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 |
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 |