My Honest Raiz Review: What It’s Like Using a Micro-Investing App in Australia

May 5, 2025 - By N

When I first heard about micro-investing, I wasn’t sure if it was just a buzzword or something that could actually help me build wealth. Fast forward to now—I’ve been using Raiz since March 2024, and I want to share what it’s really like.

If you’re curious about investing but don’t want to throw thousands into the share market, this post is for you.

New to micro-investing? Before diving into this review, check out my beginner-friendly guide on what micro-investing is and how it works! It’ll help you understand how apps like Raiz fit into your bigger money goals.

Disclosure: This post contains a referral link. If you sign up using my code, both you and I will receive a $5 bonus investment from Raiz.

What is Raiz?

Raiz is a micro-investing app that helps you invest small amounts of money into a diversified portfolio. It’s beginner-friendly, and you don’t need to know anything about stocks to get started.

The most popular feature? Round-Ups—Raiz rounds up your everyday purchases and invests the spare change. Spend $3.60 on coffee, and it’ll round up 40 cents and invest it for you. Easy, right?

Why I Started Using Raiz

In March 2024, I wanted a simple way to dip my toes into investing—without risking too much upfront. I also loved the idea of automating good money habits (because let’s be real—I don’t always remember to transfer money to savings every week).

Note: Fees, features, and offers mentioned in this post are accurate as of May 2025, but they may change over time. Please check Raiz’s official website for the latest details before signing up.

What I Like About Raiz

Super easy to use – It took 5 minutes to set up
Automatic investing – I turned on Round-Ups + added $100/month
Multiple portfolios – I chose the “Moderately Aggressive” one to match my risk level
$5 referral bonus – If you invite a friend and they start investing, you both get a bonus
Raiz Rewards – Cashback when you shop with certain brands like The Iconic or Bonds (yes, investing while shopping )

Things To Know Before You Start

It’s not a savings account – Your money is invested in ETFs, so returns can go up and down
There’s a $4.50/month fee (for balances under $15,000) – Something to factor in if you’re starting with small amounts
Returns vary – I’ve seen small ups and downs, but overall it’s been pretty steady

My Experience So Far

I started with just $100 and round-ups, and by sticking to monthly contributions, I’ve built a small portfolio. It’s not life-changing (yet), but it is a solid start. And honestly, watching my money grow—even slowly—is motivating!

I recently paused my investments to focus on savings for my first home, but I’m keeping my Raiz account active and will review again at the end of 2025.

Would I Recommend Raiz?

Yes—if you’re a beginner who wants to start investing but doesn’t want to deal with buying stocks yourself. It’s a low-effort way to build a habit and get comfortable with the idea of investing.

Just keep in mind that returns aren’t guaranteed, and it’s better for long-term goals than short-term savings.

Want to Try Raiz?

You can sign up using my referral link 6UAZXK. When you do, you’ll get a $5 bonus investment, and I’ll receive $5 too — win-win! Thanks for supporting N’s Money Corner.

See you in the next post,
— N
N’s Money Corner | Aussie Money Tips