Robo-advisor platforms in Australia offer automated portfolio management at a lower cost than traditional financial advice. Using algorithms, these services build and manage diversified portfolios based on your risk profile and goals.
In 2026, most platforms charge around 0.2%–0.8% annually, with minimum investments starting from AUD $0–$5,000. This guide compares leading options to help you choose the right fit.
Australia’s robo-advisor market is relatively concentrated, with platforms such as Stockspot, Raiz, Spaceship, eToro and Vanguard. These services combine AFSL-regulated oversight, diversified ETF portfolios, and low-cost automation, with fees typically ranging from ~0.1% to 0.6% p.a. or $3–$5/month, and minimum investments from $0 to ~$20,000 depending on the provider.
List of best robo advisors in Australia
- Stockspot – Best for fully automated ETF portfolios and long-term investors; Australia’s first and largest robo-advisor with portfolios built using low-cost ETFs.
- Raiz – Best for beginners and micro-investing; allows round-up investing with entry from as little as ~$5 and over 1 million users globally.
- Spaceship – Best for low-cost, growth-focused portfolios; fees from ~0.15%–0.50% p.a. with no minimum investment.
- eToro – Best hybrid platform; offers “Smart Portfolios” alongside trading, with minimum deposits typically from ~$50–$200.
- Vanguard – Best for passive investors; offers diversified managed portfolios backed by one of the world’s largest asset managers (~USD $8 trillion AUM globally).
This mix reflects the reality of robo-advice in Australia: a small core of providers supported by micro-investing apps and hybrid platforms, all designed to reduce costs compared to traditional financial advice, which can average around $4,000+ per year in Australia.
Compare the best robo-advisor platforms in Australia
The best robo-advisor platforms in Australia differ mainly in fees, minimum investment requirements, portfolio structure, and level of automation. Most operate under the Australian Financial Services Licence (AFSL) framework and invest primarily in ASX-listed ETFs from providers such as Vanguard, iShares (BlackRock), and BetaShares.
The table below compares the leading platforms across the factors that most directly affect cost, accessibility, and long-term portfolio performance.
What makes a robo-advisor “best” in Australia?
The best robo-advisors in Australia share a consistent set of features that directly influence cost efficiency, portfolio quality, and investor protection. While the market is smaller than in the US or UK, leading platforms are typically AFSL-regulated and invest through low-cost ETFs listed on the ASX, making these factors critical when comparing options:
Platforms operate under an Australian Financial Services Licence (AFSL) issued by the Australian Securities and Investments Commission (ASIC), with requirements around client money handling, disclosure, and compliance standards.
The best platforms clearly disclose total costs, including management fees (typically ~0.1%–0.8% p.a.) or flat monthly fees (~$3–$5/month for micro-investing apps), helping investors understand long-term impact on returns.
Portfolios are usually built using ETFs from providers such as Vanguard, iShares (BlackRock), and BetaShares, offering exposure to thousands of global securities across equities, bonds, and sometimes gold.
Regular rebalancing ensures portfolios stay aligned with target allocations, reducing risk drift without requiring manual intervention.
Entry points vary widely, from $0 (Raiz, Spaceship) to $2,000–$5,000 (Stockspot) or higher, allowing both beginners and higher-net-worth investors to participate.
Leading platforms use structured questionnaires to match investors with portfolios based on risk tolerance, time horizon, and financial goals, rather than ad hoc investment decisions.
Stable mobile and web apps with features like recurring deposits, performance tracking, and reporting improve usability and encourage consistent investing behaviour.
The platforms featured in this guide stand out because they perform consistently well across these criteria, balancing cost, simplicity, and long-term investment discipline.
Stockspot – Best for fully automated, long-term ETF investing
Stockspot is one of Australia’s earliest robo-advisors (launched in 2013) and remains a pure, fully automated investment manager focused on long-term ETF investing. It prioritises low-cost portfolios, disciplined allocation, and clear pricing, rather than trading features or short-term strategies.
Stockspot uses a tiered fee structure, with management fees starting at around 0.66% p.a. for smaller balances and falling to roughly 0.396% p.a. for larger portfolios. Entry-level accounts under AUD $20,000 can access a simplified pricing tier at around $1/month, lowering the initial cost barrier.
There are no brokerage, entry, exit, or rebalancing fees. The only additional cost comes from underlying ETF expense ratios, typically ~0.05%–0.25% p.a.. Compared to traditional financial advice in Australia, which averages around AUD $4,000+ per year, the overall cost structure is significantly lower and easier to understand.
Stockspot requires a minimum investment of around AUD $2,000–$5,000, placing it above micro-investing apps but still accessible compared to traditional managed portfolios.
The onboarding process is fully digital and includes identity verification, a risk questionnaire, and a recommended portfolio with a Statement of Advice (SOA). The platform is web-based, with a clean interface that allows users to track performance, allocations, and contributions without complexity.
Portfolios are built entirely using low-cost ETFs, providing exposure to a broad range of asset classes including Australian and global equities, fixed income, and defensive assets such as gold.
Stockspot offers 7 diversified portfolios, ranging from conservative to aggressive growth. These portfolios use ETFs from major issuers such as Vanguard, iShares (BlackRock), and BetaShares, giving investors exposure to thousands of underlying securities globally. The approach is strictly passive and designed to reduce concentration risk while maintaining long-term consistency.
Stockspot provides a fully automated investment experience. Once the portfolio is set, the platform manages:
- Automatic rebalancing when allocations drift
- Dividend reinvestment
- Ongoing monitoring and adjustments
- Portfolio alignment with risk profile
This makes it a true set-and-forget solution, with minimal need for user input after initial setup.
Stockspot is best suited for investors who want a hands-off, long-term investment strategy with structured portfolio management. It fits those investing AUD $2,000 or more who prefer diversified ETF exposure and clear, predictable fees.
Raiz – Best for micro-investing and automated round-ups
Raiz is one of the most widely used micro-investing platforms in Australia, designed to make investing accessible with very small amounts. It stands out for its round-up feature, allowing users to invest spare change automatically, alongside recurring deposits and pre-built ETF portfolios.
Raiz uses a hybrid pricing model, combining flat monthly fees and percentage-based fees depending on account size.
For smaller balances, fees are typically around AUD $3.50–$5.50 per month, while accounts above ~AUD $20,000 shift to a ~0.275% p.a. fee.
There are no brokerage fees, but investors still pay underlying ETF costs, which can push total costs closer to ~0.3%–0.6% p.a. depending on the portfolio.
This structure is competitive for small balances but becomes less cost-efficient as portfolios grow, particularly compared to capped-fee or percentage-based robo-advisors.
Raiz is one of the most accessible platforms in Australia, with a minimum investment of around AUD $5.
Its core feature is round-up investing, where everyday purchases are rounded to the nearest dollar and automatically invested. Users can also set recurring daily, weekly, or monthly contributions, making it easy to build an investment habit without large upfront capital.
The platform is mobile-first, with a simple interface designed for beginners, and account setup is fast and fully digital.
Raiz offers 6–8 diversified portfolios, ranging from conservative to aggressive, along with specialised options such as ethical (ESG), property, and Bitcoin-focused portfolios.
Portfolios are built using ETFs that provide exposure to:
- Australian and global equities
- Fixed income and bonds
- Cash and defensive assets
These portfolios typically invest across multiple global markets (US, Europe, Asia-Pacific) using ETF structures, giving exposure to hundreds or thousands of underlying securities.
While diversified, the range is more limited than traditional robo-advisors, reflecting its simplified, beginner-focused design.
Raiz is highly automated, particularly for small, frequent investing:
- Automatic round-up investing from linked accounts
- Recurring contributions
- Portfolio rebalancing handled in the background
- Dividend reinvestment
The platform is designed to minimise user involvement, making it effective for building consistent investing habits rather than active portfolio management.
Raiz is best suited for:
- Beginners starting with small amounts (AUD $5–$1,000)
- Users who want to automate investing through everyday spending
- Investors focused on habit-building rather than optimisation
It is less suitable for larger portfolios where percentage-based robo-advisors may offer better long-term cost efficiency.
Spaceship – Best for low-cost, growth-focused investing
Spaceship is a micro-investing platform with a strong focus on low-cost investing and growth-oriented portfolios, particularly with exposure to global technology companies. It is designed to be simple, mobile-first, and accessible, with no minimum investment requirement.
Spaceship is one of the lowest-cost options in the market, particularly for smaller balances.
It charges:
- $0 monthly fee for balances under AUD $100
- Around AUD $3/month for balances above $100
- A management fee of ~0.15%–0.50% p.a. depending on the portfolio
There are no brokerage or transaction fees, and costs are relatively easy to understand. For small investors, this makes Spaceship one of the most cost-efficient entry points into investing.
Spaceship has no minimum investment, allowing users to start with any amount.
Investors can contribute via:
- Lump sum deposits
- Recurring investments
- Small, regular contributions (e.g. weekly)
The platform is mobile-first, with a simple onboarding process and minimal friction, making it particularly accessible for first-time investors.
Spaceship offers a smaller range of portfolios (typically 4–5 options), each with a distinct strategy.
Unlike traditional robo-advisors, some portfolios are:
- Thematic or growth-focused, particularly in global tech
- Less reliant on broad ETF diversification
- More concentrated in high-growth sectors
This means diversification is still present but often less traditional and more concentrated, especially in portfolios like Universe or Origin, which focus heavily on global equities.
This approach can lead to higher volatility compared to standard ETF portfolios.
Spaceship provides a simplified automated investing experience:
- Automatic portfolio management
- Optional recurring investments
- Passive rebalancing handled internally
Unlike Raiz, it does not offer round-ups, but it maintains a low-touch, set-and-forget structure.
Spaceship is best suited for:
- Investors starting with very small amounts (AUD $0–$1,000)
- Users comfortable with growth-oriented, higher-risk portfolios
- Those prioritising low fees and simplicity over customisation
It may not suit investors seeking traditional, highly diversified ETF portfolios.
eToro – Best for hybrid robo portfolios and social investing
eToro is not a traditional robo-advisor, but it offers “Smart Portfolios”, ready-made, algorithm-assisted portfolios combined with a full multi-asset trading platform. This hybrid model appeals to users who want automation alongside flexibility.
eToro’s pricing is simple at first glance but requires closer inspection.
There are no management fees on Smart Portfolios, which is unusual compared to traditional robo-advisors. However, costs are embedded elsewhere:
- Market spreads
- Currency conversion fees (typically ~0.75% for AUD/USD)
- Trading fees (~USD $2 per stock trade in some cases)
ETF investing is typically commission-free, but total costs depend on how frequently you trade and whether currency conversion is required. Overall, it can be cost-effective for long-term investors but less predictable than fixed-fee robo-advisors.
eToro is highly accessible, with minimum investments starting from around AUD $50, and Smart Portfolios typically requiring ~USD $500 (~AUD $750).
The platform supports fractional investing and provides access to 17+ global exchanges, making it easy to build diversified exposure.
The interface is beginner-friendly, with social features such as CopyTrader, although this adds a behavioural element not present in traditional robo-advisors.
Smart Portfolios are curated by eToro’s investment team, combining multiple assets into a single theme or strategy.
These portfolios can include:
- Global equities
- ETFs
- Crypto assets
- Sector-based or thematic exposure (e.g. AI, fintech)
There are 60+ portfolios available, covering both diversified “core” allocations and higher-risk thematic strategies.
Diversification varies by portfolio, core portfolios are broadly diversified, while thematic ones can be more concentrated and volatile.
Smart Portfolios are automatically managed and periodically rebalanced to maintain their strategy.
However, eToro is not fully hands-off:
- Users choose portfolios manually
- Additional trading features encourage active involvement
- Copy trading introduces a social layer
This makes it more of a semi-automated platform rather than a pure robo-advisor.
eToro is best suited for investors who:
- Want automated portfolios plus flexibility to trade
- Prefer thematic or trend-based investing
- Value low upfront costs and accessibility
It is less suitable for those seeking a fully passive, set-and-fo
Vanguard – Best for low-cost passive managed portfolios
Vanguard is not a traditional robo-advisor but offers low-cost managed portfolios and funds built on its globally recognised passive investing approach. It is one of the largest asset managers globally, with around USD $8 trillion in assets under management.
Vanguard is known for consistently low fees, often among the lowest in the industry.
There are:
- No account fees on most Vanguard investments
- Fund fees typically ranging from ~0.10% to 0.60% p.a. depending on the portfolio
This makes Vanguard one of the most cost-efficient options, particularly for long-term investors focused on minimising fees over decades.
Minimum investments typically start from ~AUD $500, making Vanguard relatively accessible, though not as low as micro-investing apps.
The platform is straightforward, with:
- Online account setup
- Direct investment into managed funds or ETFs
- No trading complexity
It is designed more for long-term investors than frequent users.
Vanguard portfolios are built using its own low-cost index funds and ETFs, tracking major global markets.
Typical exposure includes:
- Australian equities (e.g. ASX indices)
- International equities (US, Europe, emerging markets)
- Bonds and fixed income
Portfolios are broadly diversified across thousands of securities, following a strict passive investment philosophy focused on market returns rather than outperformance.
Vanguard offers managed portfolios with automatic rebalancing, but with less automation than a typical robo-advisor.
- Portfolio allocation is predefined
- Rebalancing occurs at the fund level
- Limited personalisation or goal-based adjustments
This makes it closer to a managed fund solution than a fully personalised robo-advisor.
Vanguard is best suited for:
- Long-term investors focused on low-cost passive investing
- Users who prefer simple, no-frills portfolio construction
- Investors with moderate starting balances
InvestSMART – Best for capped-fee ETF portfolios
InvestSMART is one of Australia’s longest-standing digital investment providers (established in 1999, robo service launched in 2015). It offers structured ETF portfolios with a capped fee model, which becomes more cost-efficient at higher balances.
InvestSMART’s standout feature is its capped fee model:
- Around 0.55% p.a. up to $100,000
- Capped at ~$550 annually for higher balances
This means effective fees drop significantly for portfolios above $100,000, making it one of the most cost-efficient options for larger investors.
Underlying ETF costs still apply, but overall pricing is clear and predictable.
Minimum investment is typically ~AUD $1,000–$5,000, placing it in the mid-range.
The onboarding process includes:
- Risk and goals questionnaire
- Portfolio recommendation
- Online account setup
The platform is straightforward but less app-focused than newer competitors.
InvestSMART offers multiple diversified ETF portfolios, including:
- Conservative
- Balanced
- Growth
- Ethical options
These portfolios invest across:
- Australian and global equities
- Bonds and fixed income
- Property securities
Using ETFs ensures exposure to broad global markets, with diversification similar to other traditional robo-advisors.
InvestSMART provides:
- Automatic portfolio rebalancing
- Ongoing monitoring
- Managed ETF allocations
However, it is slightly less automated than some competitors, with fewer behavioural or goal-based features.
InvestSMART is best suited for:
- Investors with larger balances (AUD $50,000+)
- Those looking to minimise fees over time
Users who prefer structured ETF portfolios
QuietGrowth – Best for globally diversified portfolios with SMSF support
QuietGrowth is a fully automated digital investment manager launched in 2015, offering diversified ETF portfolios with a strong focus on global asset allocation and tax-efficient investing. It stands out for supporting a wide range of account types, including SMSFs, while maintaining relatively competitive fees.
QuietGrowth uses a tiered percentage-based fee model, typically ranging from ~0.36% to 0.6% p.a. depending on portfolio size . Larger balances benefit from lower marginal fees, with pricing dropping closer to ~0.36% p.a. at higher tiers .
There are no brokerage, entry, exit, or rebalancing fees, which keeps the structure relatively clean. Underlying ETF costs add roughly ~0.17%–0.27% p.a., bringing total costs into the typical robo-advisor range.
One notable detail is that fees are calculated daily and deducted monthly, which improves transparency around how costs are applied over time .
QuietGrowth requires a minimum investment of ~AUD $3,000, placing it above beginner-focused apps but in line with traditional robo-advisors .
The onboarding process includes:
- Digital identity verification
- Risk profiling questionnaire
- Portfolio recommendation
The platform supports multiple account structures, including SMSFs and trusts, which increases its appeal for more experienced investors or those managing larger portfolios.
QuietGrowth builds portfolios using globally diversified ETFs, typically combining:
- Developed and emerging market equities
- Government and corporate bonds
- Gold and alternative assets
Each portfolio can include up to 8 ETFs across multiple regions and asset classes, providing exposure to thousands of underlying securities .
The platform offers 5 core portfolios, ranging from conservative to high growth, with allocation shifts based on risk tolerance. Diversification improves as portfolio size increases, with full asset class exposure typically achieved once balances exceed ~AUD $10,000 .
QuietGrowth operates as a fully automated robo-advisor, handling:
- Automatic portfolio construction
- Ongoing monitoring and rebalancing
- Dividend reinvestment
- Portfolio adjustments based on allocation drift
Rebalancing is included at no additional cost and is typically triggered once accounts exceed AUD $10,000, ensuring portfolios stay aligned with target allocations .
QuietGrowth is best suited for:
- Investors with AUD $3,000+ looking for structured portfolio management
- Users who want global diversification beyond basic ETF mixes
- SMSF or trust investors needing automated portfolio management
OpenInvest – Best for higher-balance, goal-based portfolios
OpenInvest is a digital investment platform that combines managed portfolios with goal-based investing, targeting users with larger balances. It offers broader asset allocation than most robo-advisors, including exposure beyond standard ETFs.
OpenInvest typically charges ~0.35%–0.55% p.a., depending on the portfolio and balance. This places it in line with mid-tier robo-advisors.
Fees are bundled, meaning:
- Portfolio management
- Trading costs
- Administration
are generally included within the headline fee. This simplifies cost tracking, although underlying asset costs may still apply.
For investors with larger balances, this fee structure remains competitive, though not as aggressive as capped-fee providers.
OpenInvest portfolios go beyond standard ETF-only structures, offering exposure to:
- Equities (Australian and global)
- Fixed income
- Cash
- Alternative investments
Portfolios are designed around specific goals (e.g. growth, income), rather than purely risk-based tiers. This adds a layer of strategy not always present in simpler robo-advisors.
Diversification is broad, often spanning multiple asset classes and global markets, making it suitable for larger, long-term portfolios.
OpenInvest offers a semi-automated experience, including:
- Portfolio management and rebalancing
- Ongoing monitoring
- Goal-based allocation adjustments
However, compared to fully automated platforms, there is slightly more emphasis on structured portfolio selection upfront, rather than continuous algorithm-driven adjustments.
OpenInvest is best suited for:
- Investors with AUD $20,000+
- Users looking for goal-based portfolio strategies
- Those transitioning from traditional financial advice
Bloom Impact Investing – Best for ethical, actively managed portfolios
Bloom Impact Investing is a niche robo-style platform focused on ethical and impact-driven investing, combining automated portfolios with active management. It stands out for integrating ESG (environmental, social, governance) criteria directly into its investment approach.
Bloom uses a hybrid fee model, combining a monthly subscription (~AUD $4.50/month) with a management fee of ~0.80% p.a. for balances under AUD $10,000 .
For balances above AUD $10,000, the monthly fee is typically removed, but the management fee still applies. This places Bloom at the higher end of the robo-advisor fee range, particularly compared to passive ETF-based platforms.
The trade-off is that Bloom includes active portfolio management and ESG screening, which increases costs but adds a level of curation not found in most low-cost robo-advisors.
Bloom has a relatively low entry point at around AUD $500, making it accessible to newer investors while still targeting those with a specific interest in ethical investing.
The platform is mobile-first, with:
- Simple onboarding
- Automated investing features
- Limited complexity compared to traditional robo-advisors
However, it is more niche in appeal, as it focuses heavily on ESG investing rather than broad market exposure.
Bloom portfolios combine Australian shares and ETFs, with a strong emphasis on:
- Ethical screening
- Climate and sustainability themes
- Impact-focused companies
Portfolios typically include exposure to around 90+ underlying assets across shares and ETFs , but diversification is more selective compared to broad-market ETF portfolios.
This means portfolios may be:
- More concentrated
- Tilted toward growth sectors
- Less defensive in downturns
Bloom offers a fully managed and automated experience, including:
- Portfolio construction
- Ongoing adjustments
- Auto-investing features
Unlike passive robo-advisors, portfolios are actively managed, which means allocation decisions can change more frequently based on strategy and market conditions.
Bloom is best suited for:
- Investors prioritising ethical or ESG investing
- Users comfortable paying higher fees for active management
- Those starting with AUD $500+
It is less suitable for cost-focused investors seeking broad, passive diversification.
BetaShares Direct – Best for low-cost ETF investing with automation tools
BetaShares Direct is a hybrid investment platform that combines broker-style access with robo-style automation features. It is designed around low-cost ETF investing, with optional managed portfolios and automated investing tools.
BetaShares Direct is positioned as a low-cost platform, with $0 brokerage on all ASX ETFs and hundreds of shares .
There are:
- No standard account fees
- No trading commissions
Costs mainly come from:
- ETF expense ratios (often as low as ~0.04% p.a.)
- Optional managed portfolio or AutoPilot fees (e.g. ~0.20%–0.25% p.a. or small monthly fees for smaller balances)
This makes it one of the cheapest ways to build ETF portfolios in Australia, especially for self-directed investors.
BetaShares Direct has a very low minimum investment of around AUD $10, with support for:
- Fractional investing
- Recurring investments
- Auto-invest features
The platform is accessible via both web and mobile, with a user-friendly interface and fast onboarding.
Investors can choose between:
- Self-directed portfolios (ETFs and shares)
- Managed portfolios built by BetaShares
The platform offers access to:
- All ASX-listed ETFs
- 400+ Australian shares
This allows for strong diversification, particularly when using ETFs, with exposure to:
- Australian equities
- Global markets
- Bonds and thematic sectors
However, diversification depends heavily on user choices unless using managed portfolios.
BetaShares Direct offers semi-automated investing tools, including:
- Auto-invest (recurring purchases)
- Managed portfolios with rebalancing
- Custom portfolio automation
Unlike pure robo-advisors, users can choose how much automation they want, making it more flexible but less fully automated.
BetaShares Direct is best suited for:
- Investors who want low-cost ETF investing with flexibility
- Users comfortable with partial self-management
- Those starting with small balances (AUD $10+)
It is less suitable for investors seeking a fully hands-off robo-advisor.
Are robo-advisors in Australia safe?
Robo-advisors in Australia are generally safe when they operate under the country’s financial regulatory framework, but safety depends on how the platform is licensed, how client assets are held, and what underlying investments are used.
Australian robo-advisors must operate under an Australian Financial Services Licence (AFSL) issued by the Australian Securities and Investments Commission (ASIC). This framework applies to platforms such as Stockspot, Raiz, and QuietGrowth, and imposes strict obligations, including:
- Acting in the client’s best interest when providing financial advice
- Providing a Statement of Advice (SOA) outlining recommendations and risks
- Maintaining adequate financial resources and compliance systems
- Ongoing reporting, monitoring, and audits
Platforms that deal in financial products like ETFs must also comply with disclosure rules under the Corporations Act 2001, including providing Product Disclosure Statements (PDS) for underlying investments.
This regulatory structure ensures a baseline level of transparency and accountability across the industry.
Investor protection in Australia works differently from markets like the US:
- There is no SIPC-style insurance scheme that guarantees a fixed amount (e.g. $500,000) if a provider fails
- Instead, protection is based on custody structures and legal ownership of assets
In most cases:
- Your investments (ETFs or managed funds) are held in a separate custodian account, not on the platform’s balance sheet
- This means your assets remain legally yours even if the robo-advisor becomes insolvent
Some platforms use CHESS-sponsored structures (less common in robo-advisors), while others use custodians regulated under Australian law.
The key takeaway: robo-advisors protect against platform failure risk, but not through an insurance guarantee.
Established Australian robo-advisors typically include additional layers of protection:
- Segregation of client assets from the company’s operating funds
- Use of large, regulated ETF providers such as Vanguard (~USD $8 trillion AUM), BlackRock (iShares), and BetaShares
- Automated rebalancing and risk controls to maintain portfolio allocations
- Clear disclosure of fees, risks, and portfolio composition
Some platforms also offer multi-factor authentication, encryption, and secure login systems, aligning with standard financial industry practices.
Even on a fully regulated platform, risk does not disappear, it shifts:
- Robo-advisors invest primarily in market-linked assets (ETFs, equities, bonds)
- Typical long-term returns are around 6–8% annually for balanced portfolios, but this is not guaranteed
- Portfolio values can fall during market downturns, particularly in equity-heavy or growth portfolios
Regulation reduces the risk of fraud, misuse of funds, or platform failure, but it does not protect against investment losses.
A robo-advisor in Australia is generally considered safe when it:
- Holds a valid AFSL licence regulated by ASIC
- Clearly explains how client assets are held (custodian or CHESS structure)
- Discloses all fees, portfolio allocations, and risks upfront
- Uses established ETF providers and diversified portfolios
- Has a track record of operation (many leading platforms launched between 2013 and 2016)
Robo-advisors in Australia operate in a well-regulated environment with strong custody protections, making them operationally safe for most investors. However, they are still investment platforms, not savings accounts.
The main risk comes from market performance, not platform security. The safest approach is to choose an ASIC-regulated provider, understand how your assets are held, and align your portfolio with your risk tolerance and time horizon.
Methodology: How we score the best robo-advisors in Australia
Each robo-advisor featured in this guide was evaluated using a standardised, data-driven scoring framework designed to ensure fair, consistent, and transparent comparisons.
Platforms were assessed through hands-on testing of live environments where possible, alongside a detailed review of fee structures, Product Disclosure Statements (PDS), portfolio construction, and regulatory status under ASIC and AFSL requirements. The process combines practical usability testing, quantitative cost analysis, feature and portfolio reviews, and independent safety checks to reflect how each provider performs in real-world investing conditions.
The scoring framework covers eight core categories:
| Scoring category | What we assess |
|---|---|
| Investing options | The ways users can invest, including automated portfolios, recurring investments, micro-investing features, and level of customisation |
| Platforms and usability | Ease of use, interface design, onboarding process, and overall experience across web and mobile platforms |
| Products and markets | The range of assets available, typically ETFs, equities, bonds, and thematic or ESG portfolios |
| Safety and reliability | ASIC regulation, AFSL status, custody structure, company background, and overall trustworthiness |
| Deposits and withdrawals | Funding methods, minimum deposits, processing times, and ease of accessing funds |
| Research tools | Portfolio insights, performance tracking, reporting, and availability of analytical tools |
| Fees and costs | Management fees, ETF expense ratios, subscription fees, and any additional or hidden charges |
| Education | Quality of educational content, guidance during onboarding, and investor resources |
Each category is scored on a 0–5 scale, with scores weighted according to their importance for long-term investors. Factors such as fees, portfolio construction, and safety typically carry greater weight, given their direct impact on outcomes over time.
The weighted scores are combined to produce the overall platform rating, enabling objective, side-by-side comparisons across Australia’s leading robo-advisors.
How to pick the right robo-advisor in Australia for you
Choosing the right robo-advisor in Australia comes down to matching the platform’s strengths with your starting balance, preferred level of automation, and sensitivity to fees over time.
Most platforms operate under ASIC regulation (AFSL) and invest primarily through ETF-based portfolios, but key differences, such as minimum investment (AUD $0 to $20,000+) and fees (~0.1% to 0.8% p.a. or flat monthly fees), can significantly affect long-term outcomes.
Use the shortcuts below to quickly narrow your options.
- Raiz – Entry from ~AUD $5 with round-up investing and recurring deposits, designed to build investing habits gradually.
- Spaceship – AUD $0 minimum and low fees (~0.1%–0.5% p.a.), with a simple mobile-first experience.
- Stockspot – Fully managed ETF portfolios with automatic rebalancing and structured advice under AFSL, fees from ~0.66% p.a. (tiered).
- QuietGrowth – Automated portfolios with global diversification and support for SMSF and trust accounts, fees from ~0.36%–0.6% p.a.
- Vanguard – Passive portfolios with fund fees typically ~0.10%–0.60% p.a., backed by a global asset manager (~USD $8 trillion AUM).
- BetaShares Direct – $0 brokerage on ETFs and low expense ratios (as low as ~0.04% p.a.), suitable for cost-focused investors.
- Spaceship – Competitive pricing for smaller balances, especially under AUD $100,000.
- InvestSMART – Capped fees (around AUD $550/year) make it increasingly cost-efficient for balances above AUD $100,000.
- OpenInvest – Higher minimum (~AUD $20,000) with broader multi-asset portfolios and goal-based strategies.
- Bloom Impact Investing – ESG-focused portfolios with active management, starting from around AUD $500.
- Raiz (Plus portfolios) – Offers ESG and thematic portfolio options alongside core diversified portfolios.
- eToro – Combines automated “Smart Portfolios” with access to stocks, ETFs, and crypto, offering more flexibility than traditional robo-advisors.
- BetaShares Direct – Semi-automated investing tools with the ability to build and manage your own ETF portfolio.
- Vanguard – Straightforward, diversified portfolios designed to track market returns (~6–8% annually over time depending on risk level).
- Stockspot – Structured ETF portfolios with disciplined asset allocation and minimal ongoing input required.
- Small balances → Raiz, Spaceship
- Fully hands-off investing → Stockspot, QuietGrowth
- Lowest long-term fees → Vanguard, BetaShares Direct
- Larger portfolios → InvestSMART, OpenInvest
- Ethical focus → Bloom Impact Investing, Raiz
- More flexibility → eToro, BetaShares Direct
The right choice depends on how well the platform aligns with your investment size, cost expectations, and preferred level of involvement.
How to open a robo-advisor account in Australia
Opening a robo-advisor account in Australia is a structured process designed to meet ASIC (Australian Securities and Investments Commission) requirements for financial advice and identity verification. While the exact steps vary slightly by provider, most platforms follow the same framework.
Start by selecting a platform that operates under an Australian Financial Services Licence (AFSL). This ensures the provider meets legal requirements around client protection, disclosure, and advice standards.
Before applying, check:
- What type of portfolios are offered (ETF-based, ESG, thematic)
- Minimum investment requirements (AUD $0 to $20,000+)
- Fee structure (~0.1%–0.8% p.a. or monthly fees)
- Supported account types (individual, joint, SMSF, trust)
All major robo-advisors in Australia offer fully digital onboarding, which typically takes 5–15 minutes.
You will need to provide:
- Full name and contact details
- Date of birth
- Residential address
- Tax File Number (TFN) (optional, but recommended to avoid higher tax withholding)
Australian platforms must comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) laws.
Verification usually involves:
- Uploading an ID (passport or driver’s licence)
- Providing a selfie or completing biometric verification
- Confirming personal details electronically
Most accounts are verified within minutes to 1 business day.
Robo-advisors are required to assess suitability before recommending investments.
You’ll answer questions about:
- Investment goals (e.g. growth, income, retirement)
- Time horizon (e.g. 3, 5, 10+ years)
- Risk tolerance (ability to handle market volatility)
- Financial situation (income, savings, liabilities)
Based on this, the platform assigns you a model portfolio, typically ranging from conservative to high growth.
Most Australian robo-advisors providing personal advice must issue a Statement of Advice (SOA).
This document outlines:
- Your recommended portfolio allocation
- Expected risk level and return profile (often ~6–8% annually for balanced portfolios over time)
- Fees and underlying ETF costs
- Key risks
Review this carefully before proceeding.
Once approved, you can deposit funds using:
- Bank transfer (most common)
- PayID or BPAY (depending on platform)
Minimum deposits vary widely:
- AUD $0–$5 (micro-investing apps)
- AUD $2,000–$5,000 (traditional robo-advisors)
- AUD $20,000+ (higher-tier platforms)
Funds are usually invested within 1–3 business days after clearing.
After funding:
- The robo-advisor allocates your money into a diversified portfolio of ETFs (e.g. Vanguard, iShares, BetaShares)
- The platform automatically handles rebalancing, dividend reinvestment, and portfolio monitoring
Most platforms allow you to:
- Set up recurring deposits
- Track performance in real time
- Adjust risk levels if your goals change
Although robo-advisors are designed to be hands-off, it’s still important to:
- Review your portfolio periodically (e.g. every 6–12 months)
- Update your risk profile if your financial situation changes
- Increase contributions where possible
Opening a robo-advisor account in Australia is fast and fully online, typically completed within 1–2 days from signup to investment. The process is standardised due to ASIC regulations, meaning most platforms follow the same steps.
The most important decisions happen before you open the account—choosing the right platform, understanding fees, and selecting a portfolio that matches your long-term goals.
FAQs
Robo-advisor returns are taxed under standard Australian investment rules set by the Australian Taxation Office (ATO). Investors may pay:
- Capital Gains Tax (CGT) on profits when assets are sold
- Tax on dividends and distributions from ETFs
- Potential franking credits on Australian shares
For assets held longer than 12 months, individuals may receive a 50% CGT discount, which can significantly reduce tax liability.
Yes, several robo-advisors support Self-Managed Super Funds (SMSFs), which are regulated by the ATO. Platforms like Stockspot, QuietGrowth, and InvestSMART allow SMSF accounts, typically requiring:
- Minimum balances of around AUD $3,000 to $20,000+
- Compliance with superannuation rules and reporting
SMSFs using robo-advisors benefit from automation but still require trustee oversight.
If a robo-advisor ceases operations, your investments are typically protected because:
- Assets are held in a custodian structure, separate from the provider
- ETFs are issued by large fund managers such as Vanguard, BlackRock (iShares), and BetaShares
You would usually have the option to transfer or liquidate holdings, although timelines depend on the administrator or custodian.
Yes, most robo-advisors provide global exposure through international ETFs listed on the ASX or overseas markets. These typically include:
- US equities (e.g. S&P 500 exposure)
- Developed markets (Europe, Japan)
- Emerging markets (Asia, Latin America)
A typical diversified portfolio can include exposure to 1,000+ global companies, even with a relatively small investment.
Yes. Robo-advisors invest in market-linked assets, so returns are not guaranteed. While balanced portfolios historically target around ~6–8% annual returns, performance varies with market conditions.
Risks include:
- Market downturns (e.g. equity declines during recessions)
- Portfolio volatility, especially in growth strategies
- Currency fluctuations for international investments
Robo-advisors reduce decision-making risk, but they do not eliminate investment risk.