Moneyfarm Investing App Expert Review: Best for Simple Risk-Based Portfolios
Account: Moneyfarm investing app
Description: As a robo-advisor, Moneyfarm’s digital wealth management investing app makes personal investing simple as you don’t have to pick your own investments. You just decide how much risk you want to take. You can invest in any of the seven risk-based portfolios through a stocks and shares ISA, a pension or a GIA. Capital is at risk.
Is your Money Safe in the Moneyfarm App?
Yes, the Moneyfarm app connects to all your Moneyfarm accounts and lets you view your portfolio balance and performance while on the move. As Moneyfarm is a fairly passive investment account and not that complicated, you can also use the app for making deposits and choosing investment portfolios.
Fees
Moneyfarm investing account fees start at 0.75% for accounts between £500 and £50,000, then above £100,000 it costs 0.45% to 0.35%. Average investment fund fees are 0.2% and the average market spread when buying and selling is 0.10%.
What is the App Like to Use?
Pros
- Risk-based portfolios
- Low-cost investing
- Easy-to-use
Cons
- Limited amount of individual shares
- No US shares available
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Pricing
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Market Access
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Online Platform
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Customer Service
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Research & Analysis
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