In this guide

  • Our verdict
  • How we rated NuWealth's (formerly Wombat) investment features
  • NuWealth fees
  • NuWealth investment choice and stocks
  • Is NuWealth safe?
  • NuWealth account types and products
  • NuWealth ease of use
  • NuWealth (formerly Wombat) customer reviews
  • NuWealth tools, resources and features
  • Frequently asked questions
  • Your reviews
NuWealth (formerly Wombat)
Finder score
Capital at risk
Price per trade
Min. initial deposit

Our verdict

NuWealth (formerly Wombat) is a relatively basic investment platform, but it’s got an excellent app interface and no commissions for stocks or investing in funds.

NuWealth is an investing app that’s quite straightforward in its approach - providing a simple and easy way for people to invest without overcomplicating things. That being said, the app still has plenty to offer.

There’s no commissions when buying or selling stocks and funds. You can start investing with just £10. Unfortunately, it recently removed the free "instant" plan, so you need to upgrade to the paid plan but you get a stocks and shares ISA, and it costs just £1 a month (plus 0.1% of your portfolio).

If you want an affordable place to invest with a great app to make sure the investing process isn't overwhelming, we think NuWealth ticks a lot of boxes.


  • Low fees
  • Invest from as little as £10
  • Stocks and shares ISA available
  • Range of ETFs
  • Round-up option
  • Fractional shares


  • Need to subscribe to the paid plan to access funds
  • Fractional shares can only be held in GIA
  • No longer has a free account

In this guide

  • Our verdict
  • How we rated NuWealth's (formerly Wombat) investment features
  • NuWealth fees
  • NuWealth investment choice and stocks
  • Is NuWealth safe?
  • NuWealth account types and products
  • NuWealth ease of use
  • NuWealth (formerly Wombat) customer reviews
  • NuWealth tools, resources and features
  • Frequently asked questions
  • Your reviews

How we rated NuWealth's (formerly Wombat) investment features


★★★★★ 4.4/5

NuWealth offers excellent value and is quite a cheap platform across the board.
Investment choice


It offers a decent choice of investments but is limited compared to some other platforms.
Safety and security

★★★★★ 4.6/5

NuWealth offers a secure and safe place for people to invest.
Account types and products

★★★★★ 4.2/5

The platform has a solid range of account types with most products covered.
Ease of use

★★★★★ 4.3/5

NuWealth offers a well-rounded investing experience that most customers seem happy with.
Tools, resources and features

★★★★★ 2/5

With simplicity at its core, NuWealth is lacking in additional investing tools and resources.

Latest updates for NuWealth (formerly Wombat)

9 July, 2024: After recently rebranding to NuWealth, the company has just announced it will be getting rid of the free “Instant” account, see more details in our review.

NuWealth (formerly Wombat, named after the Australian marsupial) is a trading platform. It lets you invest in stocks, fractional shares and “themes”, which are collections of exchange-traded funds (ETFs) and other types of funds that follow a specific, you guessed it, theme. It helps you save in small amounts with its round up feature. Find out what we thought of Wombat, as well as some pros and cons.

What is NuWealth?

NuWealth (formerly Wombat) aims to give everyone the opportunity to become an investor with its simple and intuitive platform.

Founded in 2017, NuWealth is a digital investment platform that lets you invest as little as £10 in individual stocks or funds. The limited “instant” plan which had no platform fee is being removed, leaving only the more comprehensive “standard” plan, which offers more but comes with added fees.

Expert test: I tried out NuWealth's investing app

georgesweeney profile pic
George Sweeney

Deputy editor

NuWealth (formerly) Wombat is an excellent investing app that I think flies under the radar slightly. It's not got the biggest range of investments available, but for beginners it's a great commission-free option that's straightforward to use.

Navigating the app and making investments feels really intuitive and if investors like it, there's an option to upgrade to the Standard plan for a reasonable fee that also includes a stocks and shares ISA account. And, access to themed exchange-traded funds (ETFs) and more global stocks.

NuWealth fees

Fees score


Platform fee Standard
£1/month plus 0.1% of portfolio
UK shares£0
US stocks£0
International shares£0
Funds/ETFs£0 (only available with standard)
Foreign exchange (FX) fee0.75% (standard)
Regular investingYes (autoinvest with standard)
Withdrawal/deposit fee£0
Inactivity fee£0

Overall, NuWealth provides a cheap place to start investing. There’s no commission for buying or selling investments, but the platform fees and investment options depend on your plan.

The were 2 plan types available, but now you can only use Standard.


It was recently announced this account is being phased out, here’s what you need to know:

  • From July 22 2024, “deposit” and “buy” functions will be disabled, meaning you can no longer buy assets with the instant GIA.
  • From August 5 2024, you’ll ned to sell your holdings and withdraw your cash by this date, if you don’t, NuWealth will do it for you.
  • From August 30 2024, the instant account will be completely closed down.

If you have any questions about the process you can contact NuWealth or view the FAQs on its site.


  • Platform fee. This plan has a £1 per month subscription fee and a 0.1% annual platform fee.
  • Commissions. There are no commissions when buying or selling stocks and funds.
  • Foreign exchange (FX) fee. When buying international investments, there’s a 0.75% currency conversion fee.
  • Account types. You get access to a GIA, stocks and shares ISA and a junior ISA.
  • Investments. You can invest in US stocks, UK and EU shares, and themed funds.
  • Extras. Option to use the round-up feature. Fractional shares aren’t available to be held in the ISAs and no instant investing.

NuWealth investment choice and stocks

Investment choice score


Asset options3+
Number of investments500+
Number of ETFs/funds30+
Fractional shares (from £10)
Minimum deposit£10
Minimum investment£10

NuWealth has limitations when it comes to investment choice, but that’s by design. The app’s aim is to make investing straightforward and accessible. So, there’s not an overwhelming choice of investments.

For the standard plan, you can invest in US, UK and EU stocks and shares along with a selection of ETFs and funds.

It’s great that fractional shares are available, but you need at least £10 to invest. And, the fractional shares can only be held in the GIA (not the ISAs).

NuWealth ETFs and funds

There are around 32 ETFs, index funds and exchange-traded commodities (ETCs) you can invest in with NuWealth. To add a bit of personality, each has a nickname.

For example, the Vanguard Global Corporate Bond Index Fund is called “Bond, Global Bond” and the iShares FTSE 100 UCITS ETF is dubbed “The British Bulldog”. These are all quite cool, although debatably unnecessary.

NuWealth claims that these are all themes, but to be honest, the majority are bog-standard funds they’ve jazzed up with a more interesting name.

Although the selection is fairly limited, we still think it’s useful that NuWealth offers access to a variety of assets through the different funds.

Is NuWealth safe?

Safety and security score


Biometric login/2FA
FCA regulated
FSCS protection
SSL certificate
Public company

NuWealth (formerly Wombat) is authorised and regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme protection. So your deposits of up to £85,000 are covered in the event that Wombat goes bust. Wombat also uses 256-bit TLS encryption to protect your personal data.

Like any other type of investment, your capital is at risk when you invest using NuWealth and you may end up with less than what you originally invested. The performance of investments will vary, and there is no guarantee of return.

NuWealth account types and products

Account types and products score


General investment account (GIA)
Stock and shares ISA
Self-invested personal pension (SIPP)
Lifetime ISA (LISA)
Junior ISA (JISA)/Junior SIPP (JSIPP)
Business Account
Interest on cash balances

NuWealth offers a solid range of account options, including:

Keep on reading to find out more about these products and the main differences between them.

What products does NuWealth offer?

Here’s a quick breakdown of each account:

  • Stocks and shares individual savings account (ISA). An investment ISA lets you invest up to £20,000 in each tax year without paying any capital gains or dividend tax on your profits.
  • General investment account (GIA). This is a regular investment account with no upper investing limit, but it’s not tax-efficient like an ISA, so any gains above your tax-free allowances mean paying dividend or capital gains (CGT) tax.
  • Junior ISA (JISA). This tax-efficient account lets you save and invest up to £9,000 each tax year for a child and this allowance is separate to your individual £20,000 ISA allowance.
  • Cash savings accounts. NuWealth offers a few savings options provided by GB Bank. There’s an easy-access base rate tracker account or notice accounts that are more restrictive. These accounts have a £500 minimum deposit.

NuWealth ease of use

Ease of use score


Apple iOS rating4.6/5
Google Play rating4/5
Ways to contact customer serviceEmail and web chat
Desktop or mobile appMobile

NuWealth (formerly Wombat) scored pretty well in our ease of use assessment. We like that there are a few ways to get hold of its online customer support team.

On the App Store, NuWealth (formerly Wombat) scores 4.6 out of 5, and on Google Play it has a lower 4 out of 5 (as of June 2024). There’s only around 500 reviews from Apple and Android users. There’s no desktop platform and you can invest only with the NuWealth app.

NuWealth (formerly Wombat) customer reviews


Trustpilot reviewers gave NuWealth (formerly Wombat) a 3.9 out of 5 “great” rating (as of June 2024).

NuWealth tools, resources and features

Tools, resources and features


Analysis features
Tools for investing/trading
Social features
Learning resources
Additional Features

With the goal of keeping things simple, NuWealth has a limited range of tools and resources, along with some learning materials like articles and guides.

Here are some of the features of NuWealth:

  • Invest in an ISA. This lets you invest without paying tax on most profits.
  • NuWealth themes. There’s a variety of funds focusing on various investment themes.
  • Fractional shares. You can invest in a fraction of a share with the GIA but not with the ISAs.
  • Round ups. You can automatically round up your everyday purchases to the nearest pound.
  • Auto invest. You can automate your investments on the standard plan by choosing how much you want to invest and where you want to put the money to work.
  • Learning hub. This has general investment guides and information.
  • Refer a friend. You can get bonuses for recommending friends and family.

How to open a NuWealth account

  1. Download the NuWealth app. It’s on Google Play and the App Store
  2. Register. You’ll need your bank details, ID and national insurance number.
  3. Choose how much to invest. You can start with as little as £10 and can choose to add money to your account at any time, or set up an auto invest function to automatically add money to your account each month.
  4. Pick and account. You can invest in an ISA or a general investment account.
  5. You’re good to go. You can explore the app and choose investments in your own time.

Am I eligible for a NuWealth account?

You’ll need to meet the following criteria to open a NuWealth account:

  • Be at least 18 years old
  • Be a UK resident
  • Have a national insurance number

Frequently asked questions

Share dealing platform scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

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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