Is your money safe in the Moneyfarm app?

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Yes, the Moneyfarm app connects to all their accounts and lets you view your portfolio balance and performance whilst 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.

Moneyfarm Investing App Review
Moneyfarm

Name: Moneyfarm 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 their seven risk-based portfolios through a stocks and shares ISA, a pension or a general investment account.
Capital at risk.

Summary

  • Investments: Pre-made portfolios
  • Minimum deposit: £500
  • Account types: GIA, ISA, Pension, JISA
  • Account charge: 0.75% annual charge
  • Dealing fee: £0

Fees: Moneyfarm investing account fees are scaled between 0.75% for accounts between £500 and £50,000, then above £100k are 0.45% to 0.35%. Average investment fund fees are 0.2% and the average market spread when buying and selling is 0.10%.


App: 

Moneyfarm Investment App

Pros

  • Risk-based portfolios
  • Low-cost investing
  • Easy-to-use

Cons

  • Cannot buy and sell individual shares
  • Pricing
    (4)
  • Market Access
    (3.5)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (3.5)
Overall
3.8
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