Moneyfarm Stocks & Shares ISA Review
Name: Moneyfarm Stocks & Shares ISA
Description: Moneyfarm’s ISA invests in ETFs to keep the costs low, so you aren’t paying for active managers. Instead, you are benefiting from tracking a series of diversified indices that are regularly rebalanced. This should mean you get to keep most of your returns rather than paying hefty fees to fund managers.
Capital at risk.
Summary
- Investments: Pre-made portfolios
- Minimum deposit: £500
- ISA account charge: 0.75%
- ISA dealing fee: £0
Fees: Moneyfarm’s ISA 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%
Pros
- Risk-based ISA portfolios
- Low-cost ISA investing
- Easy-to-use investment ISA
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)