The main difference between Raiz and Spaceship is Raiz has more diversified portfolios and it also gives access to cryptocurrencies like Bitcoin.
If you’re trying to decide between Raiz and Spaceship Voyager this quick comparison article will help you make a choice.
These two micro-investing apps would have to be the most popular of a growing number of apps popping up lately.
In this review we will compare:
Let’s get started…
Raiz and Spaceship Voyager Compared
|Ease of use||★★★★★||★★★★★|
|Trading fees||$2.50 per month||$3.50 per month|
|Key feature||Educational Resources||Access to Bitcoin|
|Portfolios||Selected portfolios||Wide range of portfolios|
What Is Raiz?
Raiz is a mobile app built for Australian’s that lets people invest small amounts of money into various investments called portfolios. The app has low fees and is designed to be used by beginners who want to learn about investing without the risk of losing a lot of money.
Raiz creates a savings account for your money that pays dividends. In other words, it invests your pocket change, then pays you for the investment.
The app allows you to invest money in stocks, ETFs, and any other asset class that you desire. You can also borrow money from your account to invest in equities or other types of assets if you don’t have the funds currently available.
Is Raiz Legit?
Yes, Raiz is perfectly safe to use and has grown into a reputable company.
Raiz is one micro investing app which has grown rapidly over the past year and has seen its users engage with it on a regular basis.
Raiz is not only popular in Australia but it is also growing in popularity overseas in countries like Canada, UK, and Hong Kong.
Raiz has been in business since 2016 and you can learn all about their company here – https://en.wikipedia.org/wiki/Raiz_(company).
Spaceship Voyager Review
Spaceship Voyager is another micro investing app that allows people to invest in the stocks of their choice.
The app is user-friendly and easy to get started with. It offers a personalized experience for its users, which includes investment guidelines and support from experts.
Spaceship Voyager provides an enjoyable, interactive experience that is hard to find in other apps on the market.
Is Spaceship Voyager Legit?
Yes, Spaceship Voyager is safe and a legit company which is regulated. They have thousands of users across Australia and have also been in business since 2016.
You can learn more about Spaceship and how they got started here – https://www.spaceship.com.au/about/
Raiz vs Spaceship Fees
The good thing about these micro investing apps especially Spaceship and Raiz is that their fees are low and easy for beginners to get started because you don’t need thousands of dollars to get started.
At the time of writing this article Raiz’s fees are currently $3.50 per month for accounts under $15k on a standard account. You can learn more about fees for Raiz here – https://raizinvest.com.au/fees/
Spaceship Voyager fees are a little different and cheaper. They charge $2.50 per month for account balances that are over $100. You can find all of the fees for Spaceship here – https://www.spaceship.com.au/voyager/
Raiz vs Spaceship Security
Both Raiz and Spaceship Voyager are safe and legit company’s with thousands of users here in Australia. They are both also regulated by ASIC (Australian Securities and Investment Commission)and other Australian government bodies.
Always remember to keep your accounts safe with strong passwords and where possible use 2-factor authentication.
Raiz vs Spaceship Interface
Let’s take a look at the interface for each of these apps.
If you take a look at the Raiz interface you will see that it is very clean and easy to navigate.
Here’s a video of the app in action and how it works…
Looking at the Spaceship Voyager app, it’s also very clean and easy to use which is great for both beginners and advanced users.
You can see how it works and what the interface looks like from watching this great review by Youtuber Raymond La.
Which Is Better – Spaceship Or Raiz?
So, which is actually better?
In my opinion both are great apps and are very easy for anyone to get started. Personally, I do prefer Raiz and that’s because it has a more diversified portfolios and it also gives access to crypto like Bitcoin.
I highly recommend checking both of these out and reading over each of their terms and conditions before signing up.
Other Micro-Trading Alternatives
Below is a list of some great Raiz and Spaceship alternatives…