We all know that the iPhone isn’t just a handy device to share photos of fancy-looking meals on Instagram, it can also be used to make legitimate investments. And thanks to advances in technology, it’s now possible to do so without paying commissions.

Best Investment Apps Australia have been popular since around 2016. One of the most prominent is Raiz, formerly known as Acorns, which allows users to invest spare change using an app that automatically deposits their purchases into a diversified portfolio of ETFs (Exchange Traded Funds).

Best Investment Apps in Australia for Smart Investing

Other apps like Pearler offer low-barrier entry points by encouraging long-term buy and hold strategies. They can also help you target your FIRE (Financial Independence Retire Early) date by allowing you to automate regular investment deposits.

For investors who are already familiar with the markets, IG has an excellent trading platform that’s easy to use and offers a wide range of instruments and research tools. It’s also a regulated broker by ASIC and offers excellent customer service.

eToro is another popular option for Australian investors, thanks to its copy-trading features. Its low commissions for US shares, fractional shares and ETFs are competitive with other apps. But its fees for Australian stocks can be a little higher than some competitors. It’s a good choice for beginners, and is available via the Apple Store or Google Play.