Wealthify vs Moneybox

These platforms offer similar things at similar prices, with a few very slight differences.


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App-based (or “robo”) investing is popular at the moment. It only takes a couple of taps and you’re off, with automation (and some people power) doing all the work for you. It can all be done from the comfort of your sofa (as can everything these days), and you don’t need loads of experience or money to get started. There are plenty of options out there for you to choose from, two of which are Wealthify and Moneybox.

But how do they compare?

Wealthify vs Moneybox

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?

Risk assessment quiz
3 or more portfolios
5 or more portfolios
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Junior products
Ethical investing
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Costs of investing

Cost of investing £10,000£82.00£87.00
Cost of investing £100,000£820.00£762.00
Cost of investing £1m£8,200.00£7,512.00
Average cost per £100£0.82£0.79
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Mobile and web features

Desktop/web app
iPhone app
Android app
Share price notifications
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Learning resources

Guides and information on products available
Videos and walkthroughs
Demo account
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Wealthify vs Moneybox: Costs

Wealthify charges based on how much you invest, this is called “tiered charging”.

It charges 0.7% on investments up to £15,000, 0.6% on investments between £15,001 and £50,000, 0.5% on investments between £50,001 and £100,000 and 0.4% on investments over £100,000. On top of these fees is a transaction cost of 0.12% and a fund fee of 0.21%.

Moneybox charges slightly differently. There’s a £1 per month fixed subscription fee (free for the first 3 months). As well as this, it charges a platform fee 0.45% annually and between 0.12% and 0.30% fund provider fees.

What does that all actually mean?
If you invest £10,000 with Wealthify then you’ll spend £82 (in a year).
If you invest £10,000 with Moneybox then you’ll spend around £87 (in a year).

For Wealthify, we got these numbers from the website, so if you want to check how much your investment will cost you, that’s where you can find out. 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 Wealthify better than Moneybox?

These two platforms have very similar offerings, with the ability to choose pre-made portfolios based on your attitude to risk. If you’re planning on opening a lifetime ISA, you can only do this with Moneybox, out of these two. Meanwhile, Wealthify is the only one of the two that you can access via a web browser, so if app-only investing isn’t for you, Wealthify is your best bet.

They both have very similar fees (there’s a fiver in it), but this depends on how much you invest, so make sure you take a look at their sites to work out how much your investments will cost you (or get out a calculator, for Moneybox).


Open an account with Wealthify and start investing today

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  • Withdraw your money anytime
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Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Hargreaves Lansdown stocks and shares ISA
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Name Product Minimum investment Choose from Annual fee Brand description
PensionBee Pension
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Interactive Investor Pension
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interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
Over 11,000 funds
No annual fee
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Moneybox Pension
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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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