Raiz Invest vs Stockspot
Raiz and Stockspot are both Australian robo-advisers, but they take very different approaches to ownership and fees. Raiz uses a custodian model and charges a monthly platform fee ($5.50) on top of management costs, while Stockspot is CHESS-sponsored and charges just $1/month plus a percentage fee. The biggest practical difference: Stockspot lets you hold the ETFs in your own name, whereas Raiz holds them on your behalf.
- ›Start investing with as little as $5 — Raiz has no minimum for subsequent purchases
- ›Want round-up investing that sweeps spare change from everyday purchases into your portfolio
- ›Prefer a flat monthly fee structure ($5.50/mo) with no percentage-based management fee on smaller balances
- ›Need an SMSF or kids account alongside your individual account
- ›Want CHESS sponsorship so the ETFs you buy are held in your own HIN on the ASX register
- ›Plan to invest larger sums — Stockspot's percentage fee (0.55%–0.99%) becomes cheaper than Raiz's flat fee above roughly $10,000
- ›Need joint, company, or trust account structures that Raiz doesn't offer
- ›Want automatic dividend reinvestment (DRP) included in the management fee
Where they differ
| Fact | Raiz Invest | Stockspot |
|---|---|---|
| CHESS sponsorship | Custodian model | CHESS-sponsored (your own HIN) |
| Monthly platform fee | $5.50/month | $1/month |
| Minimum initial deposit | $5 | $1,000 |
| Account types | Individual, SMSF, kids | Individual, joint, company, trust, SMSF, kids |
| Dividend reinvestment | Not available | Included automatically |
Pick Raiz for micro-investing and round-ups; pick Stockspot for proper CHESS ownership and lower costs on larger balances.
Common questions
How do Raiz Invest and Stockspot compare on chess sponsorship?
Raiz Invest: Custodian model. Stockspot: CHESS-sponsored (your own HIN). Stockspot puts the ETFs in your name; Raiz holds them for you.
How do Raiz Invest and Stockspot compare on monthly platform fee?
Raiz Invest: $5.50/month. Stockspot: $1/month. Raiz charges a higher flat fee; Stockspot's $1 is mostly symbolic.
How do Raiz Invest and Stockspot compare on minimum initial deposit?
Raiz Invest: $5. Stockspot: $1,000. Raiz is far more accessible for new starters.
When is Raiz Invest the better choice over Stockspot?
Pick Raiz Invest if start investing with as little as $5 — Raiz has no minimum for subsequent purchases; want round-up investing that sweeps spare change from everyday purchases into your portfolio; prefer a flat monthly fee structure ($5.50/mo) with no percentage-based management fee on smaller balances; or need an SMSF or kids account alongside your individual account.
When is Stockspot the better choice over Raiz Invest?
Pick Stockspot if want CHESS sponsorship so the ETFs you buy are held in your own HIN on the ASX register; plan to invest larger sums — Stockspot's percentage fee (0.55%–0.99%) becomes cheaper than Raiz's flat fee above roughly $10,000; need joint, company, or trust account structures that Raiz doesn't offer; or want automatic dividend reinvestment (DRP) included in the management fee.
Raiz Invest or Stockspot — what's the verdict?
Pick Raiz for micro-investing and round-ups; pick Stockspot for proper CHESS ownership and lower costs on larger balances.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Raiz Invest | Stockspot |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | No | Yes |
| Trust account | No | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | 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) | Yes | No |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| Holds USD account | — | No |
| Market data fees | — | $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 | 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 charged at all - all trades (rebalancing, buys, sells) included in the all-inclusive monthly management fee. |
| Monthly platform fee | $5.5/month | $1/month |
| Annual platform fee | $66/year | $12/year |
| Inactivity fee | $0 | — |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Raiz Invest Australia Limited | Stockspot Pty Ltd |
| AFSL number | 434,776 | 536,082 |
| Year founded | 2,016 | 2,014 |
| Parent / ownership | Raiz Invest Limited (ASX: RZI) — Australian publicly listed parent | Independent / privately held (founder Chris Brycki; shares common major shareholder with Global X Australia) |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $5 | $1,000 |
| Minimum subsequent purchase | $0 | $500 |
| Deposit methods | bank_transfer, debit_card, round_ups, recurring_direct_debit | Bank transfer (EFT), BPAY, Direct debit (recurring) |
| Settlement period | T+2 (ASX) — applies to fund trading via the underlying ETFs; member contribution settles in ~1-2 business days into the fund. | T+2 (ASX standard) |
| Withdrawal time | 3-5 business days (T+2 ASX settle, then 1-3 days bank transfer) | 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 | SMS | authenticator-app |
| Customer support channels | phone, email, in_app | phone, email |
| Support hours (AU time) | Monday-Friday, 8:30am-5:30pm Sydney 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 | No |
| trading mechanics | ||
| Limit orders | — | No |
| Stop loss orders | — | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted/rebalancing | weighted-rebalancing |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | — | No |