Moneyfarm Review

Hands-off long-term investors

FCA CONSOB

Founded 2011 · United Kingdom

Why investors choose this broker

FCA-regulated with FSCS protection up to £85,000
No deposit, withdrawal, or inactivity fees on managed accounts
Multiple account types: ISA, SIPP, JISA, GIA
Management fees taper to 0% above £1.5m

Review summary

Moneyfarm is a UK-regulated digital wealth manager offering managed ETF portfolios across ISA, SIPP, JISA and GIA accounts, with tiered fees and a DIY investing option.

Pros

FCA-regulated with FSCS protection up to £85,000
No deposit, withdrawal, or inactivity fees on managed accounts
Multiple account types: ISA, SIPP, JISA, GIA
Management fees taper to 0% above £1.5m
Automatically rebalanced ETF portfolios across seven risk levels
ESG and thematic portfolio options available
Investment consultant access across all account tiers
Flexible ISA - can withdraw and replace funds in the same tax year

Cons

No demo account
£500 minimum initial investment required
No individual stock picking in managed accounts
DIY investing trades cost £3.95 per share or ETF trade
No fractional shares
No in-specie transfers out
SIPP has a higher minimum monthly platform charge of £15
Platform only available in the UK (retail) and Italy

Company background

Moneyfarm was founded in 2011 in Milan, Italy, by Paolo Galvani and Giovanni Daprà. The platform launched in the UK in 2016 and is now headquartered in London. It operates as MFM Investment Ltd, authorised and regulated by the Financial Conduct Authority. Moneyfarm expanded into Germany in 2018 via the acquisition of robo-advisor vaamo. The company is independent with institutional minority shareholders including Allianz SE, M&G, Poste Italiane, and Cabot Square Capital. As of 2024, Moneyfarm reported managing more than £4 billion in assets for over 165,000 active investors.

The platform operates as a digital wealth manager. Users complete a risk profile questionnaire and Moneyfarm allocates assets into diversified ETF-based model portfolios across four strategies: Actively Managed, Fixed Allocation, ESG, and Liquidity+. A DIY investing option allows users to select individual shares, ETFs, and bonds within an ISA or general account.

Fees and pricing

Moneyfarm applies a 0.25% annual platform fee on managed accounts, with a minimum of £1.25 per month (£15 per month for a SIPP). Management fees on actively managed portfolios start at 0.45% per annum up to £50,000, falling to 0.20% between £50,000 and £100,000, 0.10% between £100,001 and £1.5m, and 0% above £1.5m. Fixed Allocation portfolios carry a 0.15% fee and Liquidity+ charges 0.05%. Underlying fund costs add up to approximately 0.21% per annum, bringing total costs to around 0.91% at smaller balances. There are no account opening, deposit, withdrawal, or inactivity fees on managed accounts.

For DIY investing, Moneyfarm charges £3.95 per share or ETF trade and £5.95 per bond trade, plus a 0.35% annual ISA custody fee capped at £45. Currency conversion costs 0.70% and UK share purchases attract standard 0.5% stamp duty.

Regulation and safety

Moneyfarm operates in the UK under MFM Investment Ltd, authorised and regulated by the FCA with firm reference number 629539. In Italy, Moneyfarm is supervised by CONSOB. UK client assets are held in segregated accounts, separate from Moneyfarm's own funds. Eligible UK investors are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.

Platform experience

Moneyfarm is available through a web application and iOS and Android apps. After onboarding via a risk questionnaire, managed portfolios are rebalanced automatically and dividends are reinvested. The platform has three service tiers - Core, Premium, and Private - with higher tiers providing greater access to investment consultants. Educational content and market commentary are included. The DIY investing module supports share, ETF, and bond trading with a separate fee structure. There is no demo account.

Pros and cons

Moneyfarm's main strengths are its FCA regulation, FSCS coverage, no withdrawal or inactivity fees on managed accounts, multiple tax-efficient account types including ISA, SIPP, and JISA, and management fees that taper to 0% above £1.5m. The main drawbacks are the £500 minimum investment, no demo account, no individual stock picking in managed accounts, a £3.95 per trade DIY cost, and a higher minimum monthly charge for the SIPP.

Ready to open an account at Moneyfarm?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

Moneyfarm charges a 0.25% annual platform fee plus a management fee starting at 0.45% for actively managed portfolios, tapering to 0% above £1.5m. There are no deposit, withdrawal, or inactivity fees on managed accounts.

Fees

Item	Fee
Account	No account opening fee
Custody	No custody fee on managed accounts
Deposit	No deposit fee
Platform	0.25% per annum (minimum £1.25/month for managed accounts; minimum £15/month for SIPP)
Diy Bonds	£5.95 flat fee per trade
Inactivity	No inactivity fee
Withdrawal	No withdrawal fee on managed accounts
Fx Conversion	0.70% on foreign exchange transactions
Diy Isa Custody	0.35% per annum, capped at £45/year
Diy Shares Etfs	£3.95 flat fee per trade
Instrument Costs	Up to 0.21% per annum in underlying fund fees and spreads
Management Liquidity Plus	0.05% per annum
Management Actively Managed	0.45% up to £50,000; 0.20% on £50,001-£100,000; 0.10% on £100,001-£1.5m; 0% above £1.5m
Management Fixed Allocation	0.15% per annum

Trading platform & features

Platforms

Moneyfarm Web app
iOS app
Android app

Regulation and investor protection

Moneyfarm is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with firm reference number 629539, and is supervised by CONSOB in Italy. UK client assets are held in segregated accounts and eligible investors are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000.

Broker FAQs

Is Moneyfarm safe?

Moneyfarm is authorised and regulated by the FCA in the UK with firm reference number 629539. UK client assets are held in segregated accounts and eligible investors are covered by the FSCS up to £85,000.

Is Moneyfarm a scam?

No. Moneyfarm is authorised and regulated by the Financial Conduct Authority (FCA) and has been operating since 2011 across the UK and Italy.

Is Moneyfarm regulated and by whom?

Yes. Moneyfarm is regulated by the FCA in the UK (firm reference number 629539) and by CONSOB in Italy.

Does Moneyfarm keep client funds in segregated accounts?

Yes. Moneyfarm holds UK client assets in segregated accounts, separate from the company's own funds.

What happens to my money if Moneyfarm goes bankrupt?

Client assets are held in segregated accounts and are not part of Moneyfarm's balance sheet. Eligible UK investors are also covered by the FSCS up to £85,000 per person in the event of firm failure.

What products does Moneyfarm offer?

Moneyfarm offers managed ETF portfolios and a DIY investing service across a Stocks and Shares ISA, SIPP (pension), Junior ISA, and General Investment Account.

Does Moneyfarm offer an ISA?

Yes. Moneyfarm offers a Flexible Stocks and Shares ISA, which allows withdrawals and re-deposits within the same tax year without losing the annual allowance.

Does Moneyfarm offer a SIPP?

Yes. Moneyfarm offers a Self-Invested Personal Pension (SIPP) with the same managed portfolio options as its ISA and GIA accounts. The SIPP has a minimum platform fee of £15 per month.

Does Moneyfarm offer a Junior ISA?

Yes. Moneyfarm offers a Junior Stocks and Shares ISA with a minimum initial investment of £500 and ongoing contributions from £10. It is limited to managed portfolios.

What does Moneyfarm charge for managed portfolios?

Moneyfarm charges a 0.25% annual platform fee plus a management fee. For actively managed portfolios the management fee starts at 0.45% on amounts up to £50,000, falling to 0.20% between £50,000 and £100,000, 0.10% between £100,001 and £1.5m, and 0% above £1.5m. Underlying fund costs add up to approximately 0.21% per annum.

What does Moneyfarm charge for DIY investing trades?

Moneyfarm charges a flat £3.95 per share or ETF trade and £5.95 per bond trade in its DIY investing service, plus a 0.35% annual ISA custody fee capped at £45 per year.

Is there a withdrawal fee at Moneyfarm?

No. Moneyfarm does not charge a withdrawal fee on managed accounts. Withdrawals typically take 3 to 7 working days to process.

Does Moneyfarm charge an inactivity fee?

No. Moneyfarm does not charge an inactivity fee.

What is Moneyfarm's currency conversion fee?

Moneyfarm charges 0.70% on foreign exchange transactions in the DIY investing service.

Does Moneyfarm have a demo account?

No. Moneyfarm does not offer a demo account.

Does Moneyfarm have a mobile app?

Yes. Moneyfarm provides iOS and Android apps for portfolio monitoring, performance tracking, and communicating with investment consultants.

Is Moneyfarm good for beginners?

Moneyfarm can suit beginners who want a managed, hands-off approach to investing. The onboarding questionnaire sets a risk profile and portfolios are rebalanced automatically. There is no demo account and the minimum investment is £500.

Is Moneyfarm good for long-term investing?

Moneyfarm is designed primarily for long-term, goals-based investing through tax-efficient accounts including ISA, SIPP, and JISA. Managed fees taper to 0% above £1.5m, which can benefit larger long-term portfolios.

Bottom line

Moneyfarm suits users who want a regulated, hands-off digital wealth manager with diversified ETF portfolios, ISA and SIPP account options, and automatic rebalancing. It may not suit users who want to pick individual stocks, need a demo account, prefer lower per-trade costs for active DIY trading, or have less than £500 to invest initially.

Moneyfarm

Hands-off long-term investors

Open Account

Your capital is at risk. Other fees apply.