Moneyfarm vs Moneybox

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

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Fact checked

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
Overall rating★★★★★★★★★★
Markets and products rating★★★★★★★★★★
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★★★★★★★★★★
Desktop/web app
iPhone app
Android app
Share price notifications
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Learning resources

MoneyfarmMoneybox
Rating★★★★★★★★★★
Guides and information on products available
Videos and walkthroughs
Demo account
Advice
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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 indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Your first 50 trades are free with Fineco, until 30/09/2020. T&Cs apply. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
eToro is good for social trading - letting you mirror the portfolios of other traders. Capital at risk. 0% commission but other fees may apply.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Capital at risk.
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Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
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.
Interactive Investor stocks and shares ISA
£100 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.
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.
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.
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Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
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
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.
Interactive Investor Pension
£25/month
Over 2,500 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. 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.
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.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
Moneyfarm Pension
Moneyfarm Pension
0.35%-0.75%
7 funds
£1,500 (initial investment)
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. 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. Capital is at risk.

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