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Robo Advisor comparison 2019 – Try the best robots in the United Kingdom

“I would love to trade by myself, but I don’t have enough time neither the skills to do it,” is one of the most common concerns among new investors. Investors may want to consider robo advisors to make first investments. However, how to choose the best robo advisor in the United Kingdom?

Is choosing the one with the best performance the option to follow? Yes and no. Each robo advisor should address different investors necessities and needs. This robo advisor comparison guides traders to take a wise and well-documented decision. Check it out and choose the best robo advisor!

  • The robo advisor review should answer your necessities, not another person.
  • Performance is important, but past results don’t guarantee future performance.
  • Fees are important, but compare up-front and possible hidden costs.
  • Remember robo advisors involve no human interaction
Robo Advisor Highlights

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Min. deposit
Annual fees
Performance fee
Savings Plan
1.
of 9 Robo Advisor Broker
Trader informations
  • One of the largest digital wealth managers
  • Provides tailored savings and investment strategies
  • Three account types to choose from
  • Robust mobile app
Min. deposit
£ 500
Trading fees
0,09%
Annual fees
0,30%
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Moneyfarm Experiences
2.
of 9 Robo Advisor Broker
Trader informations
  • Low fees on investment accounts
  • Easy-to-use, well-designed website
  • Industry backing from experienced experts
  • Knowledgeable and responsive customer support
Min. deposit
£ 50
Trading fees
Annual fees
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Moola Experiences
3.
of 9 Robo Advisor Broker
Trader informations
  • UK broker with Financial Conduct Authority regulation
  • User-friendly interface backed up by reliable customer service
  • Excellent for managed portfolios and cost-efficient
  • Price structure for each service is transparent
Min. deposit
£ 100
Trading fees
Annual fees
max. 1,05%
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Nutmeg Experiences
4.
of 9 Robo Advisor Broker
Trader informations
  • More than 6,000 clients
  • General investment account has backing from BlackRock
  • Pricing is transparent and straightforward
  • Robust risk management technology
Min. deposit
£ 10.000
Trading fees
0,20%
Annual fees
0,96%
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Scalable Capital Experiences
5.
of 9 Robo Advisor Broker
Trader informations
  • Fully automated investment service
  • Range of plans available to suit all investors
  • Active customer service available via phone, email and live chat
  • Low fees starting from 0.7% per annum
Min. deposit
£ 1
Trading fees
Annual fees
Dep. Protection
£100,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Wealthify Adventurous Experiences
6.
of 9 Robo Advisor Broker
Trader informations
  • Customised, personal advice
  • Downloadable investment proposal for review
  • Status updates available 24/7
  • Low initial investment requirement
Min. deposit
£ 1.000
Trading fees
Annual fees
0,50%
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Wealth Horizon Experiences
7.
of 9 Robo Advisor Broker
Trader informations
  • Allows you to tailor your portfolio to meet your requirements
  • Customised, personal advice
  • Status updates available 24/7
  • Low initial investment requirement
Min. deposit
£ 1
Trading fees
0,04%
Annual fees
0,13%
Dep. Protection
GBP 50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Evestor Experiences
8.
of 9 Robo Advisor Broker
Trader informations
  • Competitive trading costs
  • Easy-to-use website
  • Email contact available 24/7
  • Consultations with expert advisers
Min. deposit
£ 5.000
Trading fees
Annual fees
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Netwealth Experiences
9.
of 9 Robo Advisor Broker
Trader informations
  • Tradeable assets, portfolios and available accounts
  • Robo advisor costs
  • Mobile trading and the company website
  • Customer support, ease of withdrawals and transfers, privacy and data security
Min. deposit
£ 1
Trading fees
Annual fees
Dep. Protection
£50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
True Potential Investor Experiences
Show more

1.) Robo Advisors Offer: Consider the types of investments and its focus

Are all robo advisors the same? No, each robo advisor answers to different necessities and its focus depends on multiple variables and strategies. It can trade indexes, materials, sectors, or even assets focused regions. When choosing a robo advisor, investors should consider their necessities and how they would want to invest their money.

A robo advisor is a computerised investment manager that uses algorithms to create smart portfolios. It is a software that allocates positions, but the investor choose the right portfolio by the predetermined strategy.

Usually, robo advisors invest money in exchange-traded funds (ETFs) and mutual funds that mirror popular indexes. The strategy is decided after the client answers questions about age, risk tolerance and sectors. Robo advisors allow investors to avoid specific industries they don’t want to invest money, like diamonds, or tobacco.

Robo Advisor Highlights

Robo advisors management fees come from zero to approximately 1.9% of assets under management. In the United Kingdom, there are several robo advisors in the market. Investor should pay attention to fees, regulatory approvals and minimum deposit.

  • Decide what industries do you want to invest your money.
  • Check your risk tolerance
  • Watch for fees and paid percentages for amount of money

2.) Robo Advisor costs: Variable fees, look for lower commissions plus advising

Robo advisors usually charge less than a traditional portfolio manager; however, investors should check it twice before signing any paper. There could be hidden costs or managing costs. Ask for minimum balance requirements.

Traders should check annual and monthly costs. Usually, robo advisors or brokers charge clients on a quarterly basis with a yearly rate, but lately, companies are charging with monthly bills with an annual rate.

RatgeberbilderArtikel FinanzchartsClients should also check for subscription costs, investments costs, transaction, exit or trading fees, and finally advice in the case the client wants it and the firm offers it.

A complete digital investment platform with no human interaction can be appealing for the cost and for the easiness of investing. However, having access to a human financial advisor can be worth the price, so check if there is a robo advisor with a human advisory for a small cost, or even free.

A broker comparison shows that some firms offer subscription plans that give money segment trading for free like the first 10,000 invested with no charges. Other companies provide cash bonuses.

  • Look for introductory promotions and free money amounts
  • Check if the company offers human advisory if needed.
  • Watch out hidden costs like exit or withdrawal fees, also trading or ETF commissions.

3.) Accounts: Fully automated robo advising or a mix of human-software touch

Usually, robot-advisor brokers offer two types of accounts depending on the level of automation, from a fully managed portfolio to fixed allocation portfolios.

The managed account offers account investing services where the client put all the money, and the investment team decides where to allocate capital. Those accounts are constantly supervised, and positions can be changed every time. The user only gets reports.

The fixed allocation holdings are preset portfolios that are decided following risk-reward ratios, investments term, and necessities of withdrawal. Those accounts are cheaper than the humanly managed portfolios.

In the UK, most companies have general investments, pension and ISA accounts. ISAs allow you to protect and grow your money in a tax-efficient manner to reduce tax impact and to maximise profits.

Ratgeberbilder Artikel Gebuehren

Long story short, robo clients need to decide what level of services they want to have. Do they want to have automated free of think investments? Do they prefer to decide time-by-time on their money?

  • Robo advisors companies also offer humanly managed portfolios
  • In UK, you have pensions, regular investments but also ISA accounts.
  • ISA accounts allow investors to reach their targets faster and easier.

4) Robo Advisor trading platforms: Information on the go

As per its character, investors would need robo advisor trading platforms that offer information in a nutshell 24 hours each day. Most companies provide real-time information about investments and the possibility to change parameters.

Besides, the possibility to check the performance of your money in other portfolios would be intriguing to have, so the investors can compare performance in different allocations and decide for a movement in the case he wants.

What should an investor check in a platform? Check reviews of robo advisor trading platforms in forums, how the software works in any desktop or mobile operating system? Is the platform offering reliable and accurate information on real time? How can he manage the money directly from the mobile app?

Finally, as most robo advisors suggest portfolios in line with investors’ lifestyle, it will be important the easy access to modify any change in your profile. In a well-connected world and full of software upgrade industry, having the latest and updated platform working for your portfolio can make the difference.

  • Having a platform that allows to update inversor profiles any time is key.
  • Does the platform offer reliable and accurate real time information?
  • Check for platforms that offer preview of your money in other allocations.

5.) Robo advisor comparison: When the website is your windows to the future

When it comes to websites, it is one of the most critical points to evaluate in a robo advisor provider. The website is your first contact with the firm and accurate, clear, concise, and truthful information is the key. Don’t be overwhelmed by much information but look for the critical data you need to know.

Investors should be able to find critical information such a regulatory body where the firm is registered, in the United Kingdom the Financial Conduct Authority. Watch if the firm is authorised to offer services in all Great Britain or just one part like England or Wales. Fees and costs, types of account the firm provides and samples with a track record of their allocations are information to check easily too.

Also, the investor should avoid any broker that gives different information from the same topic across its website.

Reviews robo advisors are fundamental too. Investors should ask for references and check them out when vetting a financial services company. Any firm which refuses to provide references is a robo advisor to avoid.

  • Avoid robo advisors that avoid to give references from clients
  • Look for easy access to information and client’s area.
  • Are the regulatory information easy available?

6.) Robo advisor comparisons: Customer support is your friend, so act like that

The customer support is your way to talk with a company, so the service should be the one who opens or closes doors and even businesses. Customer support is your friend, so it should act like that. That means providing all information you request, data you need, and solutions to all question you may have. Check it.

When looking for a robo advisor, check how customer service works by just opening a chat with them and asking random questions. They should address all your doubts. Also what are the processing times of your enquiries. Is there a VIP customer service?

Most firms offer chats, email contact forms and phone calls. Also, watch for social media accounts, and what is the noise around them. It is a good gateway of reviews reviews.

The key for excellent customer services is the speediness and the ability to address topics and answers. The faster a robo advisor support team replies to your inquiries, the better that robo advisor is.

  • A fast customer service is a signal for a good company.
  • The customer service is your friend.
  • Check social media to watch reviews.

7) Robo advisor review: When the payment and the withdrawal are the keys

We are living in a millennial world, and the United Kingdom is an entirely online connected country, so offering online payments are the key for a successful robo advisor.

There are four elements that you should watch when doing a robo advisor review: available methods of deposits and withdrawals, fees and hidden costs, minimum deposits and withdrawals, and how secure the company is.

When it comes to deposits and withdrawals, most robo advisors offer online transfers, bank wires and credit card payments. Check if they provide cryptocurrency wallets or online payment companies like PayPal.

All robo advisors charge people with fixed fees or variable costs depending on the amount of money deposited. Check the prices for movement of capital. Also, if they have custodian fees.

Finally, one crucial point on these times is the cybersecurity. Security is severe when it takes to money. Are the website and platforms encrypted? Check if the robo advisor has a custodian bank and read about that bank. Also, check for secured funds by the regulatory body.

  • Are the funds secured by the regulatory body?
  • Check for different payment methods and processing times
  • Always ask for hidden costs.

8.) Robo advisor comparisons: When the bonuses and offers make the difference

It is always great to get free money, special discounts, or training when you are purchasing goods. Most firms offer bonuses and products to attract clients; however, be careful to sign for the headline without reading the small print.

When making robo advisor comparisons, check how much it will cost in the future. I mean, what are the hidden costs and what are the final price of every service that you are getting?

Most brokers offer portfolio analysis and financial advising as a way to get new clients. They also offer cash bonuses where the investor get as much money as they put in the robo advisor. In this case, please check what the conditions to manage that money are.

Also, it is essential to get educational training on investments and allocations. Check if they offer educational support. Do they offer tools, webinars, economic calendar, earnings calendar, etc.?

Ratgeberbilder Artikel Mensch mit-fragendem GesichtsausdruckIt is essential to understand the legal and taxation implications of having an investment account in the United Kingdom. So check if the firm offers assistance on that.

  • Check for educational on investment and taxation offering.
  • Always read the small print before signing for a bonus.
  • What are the more important tools to your investing style? Look for it.

9.) The best robo advisor is who protects your money as its own capital

The market will be tomorrow there, so be sure your money is there too. When talking about money protection, regulation is the crucial topic on a broker comparison. Investors from the United Kingdom should look for reliable and trustable robo advisors that are fully regulated in the UK and allow citizens from the country.

Robo advisors should be under the jurisdiction and the regulation of the Financial Conduct Authority as an Investment Advisor and Investment Management Company. Firms should be registered at least in England and Wales.

Under a regulatory body supervision, companies also should provide money protection from the FCA under the Financial Services Compensation Scheme (FSCS).

In the United Kingdom, most money deposited is protected under the FSCS up to a limit of £85,000 per person. This means each person in a joint account will get £85,000, so two people would be covered for double the limit (£170,000) per authorised institution.

Finally, a brokerage, or money management platforms should provide high, level encryption to fight back against possible hacker attacks.

  • Check if the robo advisor is regulated.
  • If the account has more than £85,000, it is better to have it in the name of two or more persons.
  • Check for highly encrypted platforms

10.) So, the winner in the robo advisor comparison is… what awards to watch

Awards are always critical indicators on how a company is doing its tasks. So, if a company has a good number of awards, it would signal that it is doing above the average.

Following this robo advisor comparison, we have identified key areas that we would want to focus when talking about awards: First, a stable and secure platform that is user-friendly. Second, an outstanding consumer support team that addresses all doubts efficiently. Three, the most innovative portfolios that allow clients to select the right choice among different allocations.

Investors should pay attention to how the product is considered across the market, not only by awards but also for being mentioned in the press. Avoid the paid-article or promotional pieces but stay aware of companies that are cited as firms that make the industry improve and go beyond.

Check always the source of the awards. Where are those awards coming from? Is it from a micro-site or a consolidated news or analysis outlet?

  • Look for awards on security and user friendly platforms
  • Check the source of the awards
  • Look for mentions of the robo advisor in the mass-media.

Market Overview: Robo advisors called to revolutionise investing market

Robo investments tools are revolutionising markets as they are opening this industry to risk reluctant demographic segment like millennials. According to BI Intelligence, robo advisors asset growth is expected to top £1 trillion by 2020 and £4.5T by 2022. Most of that growth filled by millennials.

The number of products has increased in the latest year, and now there are several options that the investor can even decide between many possibilities and robo advisors that are now focused on specifics sectors.

In the past, robo advisors only traded stocks or specific assets, but now, portfolios are more varied, and companies are offering multi-assets portfolios including long-time millennials hated bonds, and stocks, ETFs and indexes. What’s next? Cryptocurrencies.

Also, the robo advisors industry is being backed by regulatory bodies in the United States, Europe and the United Kingdom. This action allows users to take the risk to invest money with the regulatory framework behind it. So, money is guaranteed.

Ratgeberbilder Artikel SteuernMarket Outlooks: Robo advisors to democratise the investment world

As mentioned before robo advisors asset growth is expected to top £1 trillion by 2020 and £4.5T by 2022 according to BI Intelligence, as it is just the beginning. The market is yet to small comparing most consolidated sectors of the financial industry.

The biggest question over the robo advisors market is when cryptocurrencies will be allowed to be fully tradable in the same platforms with stocks, commodities, etc. Regulation is moving on that way, but the final implementation date is yet unknown. However, it will be a massive development for the robo advisor industry.

Finally, new technologies like virtual reality and augmented reality will allow new solutions on the investment world that combining with the robo advising market with creating new compelling and more accessible ways to invest.

Robo advisors are taking the investments world, and it will become the most popular money tool in the next year. The industry is moving in line with the current technological disruptive trends. Blockchain, smartphones and virtual segments confluence perfectly in the financial world, specifically in the robo advisory industry.

Stay aware for more financial opportunities over there. Robo advisors will be the gateway to investing marketplaces where everything can be bought… by robots.

Summary: Use the robo advisor comparison to find the best option for you

Investing your own money is a very serious thing. After working so many hours to earn each cent, you deserve a company that treats your money as it is its own capital. That’s is why it is so important for investors to make serious robo advisor researches and to compare every detail that can affect its money.

Also, security and regulations are big topics to take into consideration as you don’t want to see your funds go away with no guarantee. Finally, the fees and costs are critical to enhancing its profits. Taxes and fees are the worst enemies of your performance, so looking for a company that looks for you on those topics will be important.

This robo advisor comparison attempt to make that research easier for users. Here you get detailed reviews of robo advisors that altogether provide with the most compelling and detailed company by company comparison. Check it out!

Top 3 Robo Advisor Broker Comparison

1
of 9 Robo Advisor Broker Moneyfarm
Min. deposit £ 500
Trading fees 0,09%
Annual fees 0,30%
Dep. Protection £50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 9 Robo Advisor Broker Moola
Min. deposit £ 50
Trading fees
Annual fees
Dep. Protection £50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 9 Robo Advisor Broker Nutmeg
Min. deposit £ 100
Trading fees
Annual fees max. 1,05%
Dep. Protection £50,000
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

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