Moneyfarm vs Moneybox - Finder UK

Moneyfarm vs Moneybox

It's robot wars with the "robo investment advisors", but which one comes out on top?

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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

MoneyfarmMoneybox
We say★★★★★★★★★★
You say★★★★★★★★★★
ISA available?
Financial instruments★★★★★★★★★★
Costs rating★★★★★★★★★★
Mobile and web features rating★★★★★★★★★★
Learning resources and tools rating★★★★★★★★★★
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What markets and products do they cover?

MoneyfarmMoneybox
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
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Costs of investing

MoneyfarmMoneybox
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
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Mobile and web features

MoneyfarmMoneybox
Rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
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Learning resources

MoneyfarmMoneybox
Rating★★★★★★★★★★
Guides
Videos
Demo account
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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
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $500.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets Stocks and Shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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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.

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