Raiz Invest vs Acorns
A person comparing Raiz with Acorns is deciding which app should handle spare-change and recurring micro-investing. Raiz is the ASX-listed Australian app, with local portfolios, property and bitcoin options, kids accounts, and published fees in Australian dollars. Acorns is the larger US round-up investing brand and is regulated for US customers.
Raiz Invest
77 / 100
Best for
An Australian resident who wants AUD micro-investing, jars, kids accounts, and local fund disclosure in one app.
Acorns
Not reviewed here
Best for
A US retail investor who wants round-ups and related banking products from Acorns.
Watch-out
Acorns is set up for US residents, so it does not suit an ordinary Australian tax resident's main investing account. The spare-change idea looks the same, but the markets and rules differ.
Bottom line
Choose Raiz when the customer lives in Australia and needs Australian-licensed fund products with published fees in Australian dollars. Choose Acorns when the customer lives in the US and wants Acorns' round-up products.