Moneyfarm Investing App Review
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:
Pros
- Risk-based portfolios
- Low-cost investing
- Easy-to-use
Cons
- Cannot buy and sell individual shares
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Pricing
(4)
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Market Access
(3.5)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(3.5)