Raiz Review: Easiest Way To Invest In Australia?

Raiz App Review

Raiz Review

Raiz App Review

This Raiz review covers some of the features on the Raiz platform that I have used. Hopefully you can use this information to identify if it’s right for you!

What is Raiz?

Raiz (formerly known as Acorns) is an Australian micro-investing platform that helps you save and start investing with spare change from your everyday purchases!

If you’re a beginner or are new to investing, it’s a great place to start. It’s very easy to use, easy to set up and doesn’t involve any startup fees. In fact, if you sign up using the following link, you and I will both get $5!

I personally found this YouTube video super helpful! Not only does Queenie explain Raiz, but she also explains other Australian micro investing apps.

Raiz Portfolios

Raiz currently have seven portfolios, plus a custom portfolio to choose from.

These include:

  • Conservative
  • Moderately Conservative
  • Moderate
  • Moderately Aggressive
  • Aggressive
  • Emerald
  • Sapphire
  • Custom

What exactly do these portfolios mean?

Generally speaking, the level of risk associated with each portfolio increases with each one (except for the Sapphire portfolio, which sits between the Moderately Aggressive and Aggressive portfolios).

When setting up your account, you pick a portfolio that you would like to invest in. You can change it later on in the app, but it is not recommended to change portfolios too often.

To change your portfolio, go to the Home Page > “Invest” > “Portfolio”. From there you can select and change to another portfolio.

What fees are involved with Raiz?

Raiz do not charge any fees for accounts with a $0 balance, so you can get started for free!

Monthly fees apply depending on how high your balance is, as well as yearly fees. For a full breakdown of the fees, click here.


How can I deposit money into Raiz?

There are a few ways you can deposit money into Raiz:

  • Round-Ups
  • One-off deposit
  • Recurring

Each of these methods are very easy to do.


Round-Ups are exactly what they sound like! For purchases you make, Raiz will round them up to the dollar and invest the difference. For example, if I make a purchase for $9.60, Raiz will round-up $0.40 and invest the change.

You will need to link your bank account, which you can do in the app. Go to the Home Page > Invest > Round-Ups.

One-off deposit

You can contribute a voluntarily deposit into your Raiz account of any sum. Go to the Home Page > Invest > Deposit.

Recurring deposit

You can set up a recurring investment to an amount of your choosing either daily, weekly, fortnightly, or monthly. You can change this at any time within the app. Go to the Home Page > Invest > Recurring.

When can I make withdrawals from my Raiz balance?

There are no restrictions with Raiz withdrawals and you can withdraw any amount at any time. This is very simple to do so from within the Raiz app. From the Home page, you simply go to “Invest”, then “Withdraw”, and type the amount you would like withdrawn.

My personal experience with Raiz

I’ve been using Raiz for 4 years now, and overall enjoy the platform a lot. I find it very easy to use and understand and the graphical user interface is very simple to navigate.

I currently invest in the Moderate portfolio and have seen a 17.94% return on investment since starting with them. Of course, past performance is not an indicator of future performance. And my own performance does not guarantee somebody else’s.

I currently use the round-ups feature as well as weekly recurring payments. I’ve changed the recurring amount often and easily.

Raiz Final Thoughts

I would overall say that if you’re wanting to invest, but you’re still learning how it all works and trying to get your head around it all, Raiz is perfect. It is simple and does not require much (if any) knowledge of investing. You can choose to just set up your account with round-ups, or you can also contribute one-off payments, or even recurring investments.

If you are wanting to try out Raiz, you can sign up today and get a free $5!


Disclaimer: I am not a financial professional. This post is purely from my experience.


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About the author 

Corinna Jacqueline

Hi! I'm Corinna, and I have experience making money online through investing, creating Etsy shops, dropshipping, social media marketing and affiliate marketing.

I'm always testing and learning new things, and so it is my hope that through my experiences and recommendations that you will be able to find something of use to you!

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