Can you lose money with Raiz?
The value of your Raiz Investment Account, can go up or down. Returns are not guaranteed, and you may lose money. The rate of return varies, so future returns may differ from past returns. Risk impacts vary for individual investors depending on age, investment time frame, and other investments held.
Can Raiz be hacked?
It's also possible cybercriminals could hack into Raiz and help themselves to its customers' money. While no organisation's cybersecurity is impregnable, Raiz is alert to this threat and has implemented a "robust information security program".
What happens if Raiz goes bust?
The primary benefit of our fund's assets being held by a custodian is the assurance an independent custodian provides Raiz users. Hypothetically, if Raiz was to suddenly go out of business, the assets are still held by the Custodian and the dollar value of every user's account would be returned to them.
Can I trust Raiz?
Your security is our highest priority. Raiz works to protect your information, prevent unauthorized account access, and notify you of unusual activity. Raiz Invest Limited (Raiz) is an ASX listed financial services company (ABN 74 615 510 177) and Raiz and its subsidiaries are regulated and overseen by the ASIC.
Can I use stash in Australia?
I got greedy about saving money effortlessly. Editor's Note: Out of all of these apps, only Stash and Raiz (known as Acorns in the U.S.) are available in Australia.
Are CommSec pockets worth it?
Final verdict. CommSec Pocket was simple and fairly enjoyable to use. It offers new investors an easy way to start saving and getting involved in the share market. However, it pays to work out how often you plan to invest per year, what your fees will be and how much that will impact your investments.
Can you trust Raiz?
Your security is our highest priority. Raiz works to protect your information, prevent unauthorized account access, and notify you of unusual activity. Raiz Invest Limited (Raiz) is an ASX listed financial services company (ABN 74 615 510 177) and Raiz and its subsidiaries are regulated and overseen by the ASIC.