Best for
Mobile
Moneyfarm vs Moneybox
It's robot wars with the "robo investment advisors", but which one comes out on top?
What's in this guide?
Whether you’re just jumping on the bandwagon now, or have been investing for a while, it’s likely that you’ve heard of these two platforms. Both of them are known as “robo-advisors” which effectively means that they invest on your behalf using automation (and sometimes real advisors). Now, no matter what knowledge on the subject, experience or money you have, you can try out investing.
Moneyfarm and Moneybox are two platforms that invest on your behalf, but how do they compare?
Moneyfarm vs Moneybox
 |  | |
| We say | ★★★★★ | ★★★★★ |
| You say | ★★★★★ | ★★★★★ |
| ISA available? | ||
| Financial instruments | ★★★★★ | ★★★★★ |
| Costs rating | ★★★★★ | ★★★★★ |
| Mobile and web features rating | ★★★★★ | ★★★★★ |
| Learning resources and tools rating | ★★★★★ | ★★★★★ |
| Go to site More Info | Go to site More Info |
What markets and products do they cover?
| | |
| Rating | ★★★★★ | ★★★★★ |
| Risk assessment quiz | ||
| 3 or more portfolios | ||
| 5 or more portfolios | ||
| ETFs | ||
| Stocks and shares ISA | ||
| Pension (SIPP) | ||
| Lifetime ISA (LISA) | ||
| Junior products | ||
| Ethical investing | ||
| Go to site More Info | Go to site More Info |
Costs of investing
| | |
| Rating | ★★★★★ | ★★★★★ |
| Cost of investing £10,000 | £104.00 | £87.00 |
| Cost of investing £100,000 | £640.00 | £762.00 |
| Cost of investing £1m | £6,400.00 | £7,512.00 |
| Average cost per £100 | £0.77 | £0.79 |
| Go to site More Info | Go to site More Info |
Mobile and web features
| | |
| Rating | ★★★★★ | ★★★★★ |
| iPhone app | ||
| Android app | ||
| Desktop/web app | ||
| Notifications | ||
| Go to site More Info | Go to site More Info |
Learning resources
| | |
| Rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos | ||
| Demo account | ||
| Go to site More Info | Go to site More Info |
Best for
Low-cost
Best for
Beginners
Best for
Funds
Moneyfarm vs Moneybox: Costs
Moneyfarm uses “tiered charging” which means that you are charged at different rates based on how much you invest.
It charges 0.75% for investments up to £10,000, 0.60% on investments between £10,001 and £50,000, 0.50% on investments between £50,001 and £100,000 and 0.35% for investments over £100,000. There are also fund fees charged by the ETF providers of 0.20% and a market spread fee of up to 0.09%.
Moneybox is slightly different. There’s a £1 per month fixed subscription fee (free for the first 3 months). As well as this, it charges a platform fee of 0.45% annually and between 0.12% and 0.30% fund provider fees.
That’s a lot of numbers, but what does it actually mean?
If you invest £10,000 with Moneyfarm then you’ll spend £104 (in a year).
If you invest £10,000 with Moneybox then you’ll spend around £87 (in a year).
For Moneyfarm, we got these numbers off the website. It has a cost calculator that allows you to find out how much your investments will cost. If you want to check it out, head over there. Moneybox doesn’t have a cost calculator, so this was worked out the old fashioned way (£45 platform fee + £12 subscription fee + £30 fund provider fees).
Our verdict: Is Moneyfarm better than Moneybox?
Moneyfarm and Moneybox are both very similar platforms – they both invest on your behalf using information on your risk appetite and allow you to invest in a stocks and shares ISA, a personal pension and as a general investment. If you’re looking for a lifetime ISA (LISA), this isn’t something that Moneyfarm offers.
Moneybox is an app only platform, so if you want something that you can check out within your browser then you might prefer to use Moneyfarm.
One major thing Moneyfarm has that Moneybox doesn’t is the ability to give financial advice. Moneyfarm has a blend of automation and real advice, which means that you can ask an actual human being for help with your investments.
Compare platforms similar to Moneyfarm and Moneybox
Table: sorted by promoted deals first
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
More guides on Finder
-
Wealthify vs Moneybox
These two app-based investment platforms have similar features and fees, but which did we think came out on top?
-
Nutmeg vs Moneybox
We take a look at app-based investment platform Moneybox and Nutmeg side by side to see how they compared with their costs, features and products.
-
Wealthify vs Moneyfarm
We take a look at Moneyfarm and Wealthify, two popular investment platforms to see what they offer and how they compare on costs and features.
-
Moneyfarm vs Nutmeg
We compare these two digital investment platforms side by side to see how they stack up. We take a look at the products and services on offer as well as the costs and digital experience of each.
-
Moneyfarm review
Moneyfarm offers digital investment management for those looking to build their wealth. Read our review to find out if it’s a good option for you.
-
Moneybox app review
If you’re interested in investing but don’t know where to start, Moneybox might be the solution for you. We review its features, charges and ISA options.
-
Saxo Markets ISA Account
Find out more about setting up an trading stocks and shares ISA with Saxo Markets, and whether it is the right investment solution for you.
Ask an Expert