Best Robo Advisor List – Investing & trading on autopilot

The difference between the best robo advisors, and the rest, is narrowing as competition heats up, but there are some out there that really shine and warrant more attention.

Investors have long been turning to robo advisors to help them with their trading decisions. Robo advisors use algorithms to automatically execute trades based on a pre-determined set of rules. This can take the emotion out of trading and help investors to stay disciplined with their investment strategies.

There are a number of different robo advisor platforms available, so it can be tricky to know which one is right for you. To help you make a decision, we’ve compiled a list of 10 of the best robo advisors for trading.

Top 3 Best Robo Advisors

1. Stockspot – best robo advisor in Australia
2. eToro – best robo advisor trading platform
3. Stashaway – best robo advisor Malaysia
4. Betterment – best robo advisor for IRAs
5. Wealthify – best robo advisor UK for ISAs & pension planning
6. Moneyfarm – UK robo advisor with professional human oversight
7. Sarwa – best robo advisor UAE
8. OctaFX copy trading

Why trade using a robo advisor?

There are many reasons why one might want to use a robo advisor. Perhaps you don’t have the time or knowledge to invest on your own, or maybe you’re looking for a hands-off approach. Other types of accounts that fulfill a similar goal include forex managed accounts, and automated trading platforms. Whatever the reason, robo advisors can offer some serious advantages.

Here are some of the main benefits of trading with robo advisors:

1. They’re affordable. Robo advisors typically have much lower fees than traditional financial advisors. This can save you a lot of money in the long run, especially if you’re investing a large sum of money.

2. They’re convenient. With a robo advisor, you can manage your finances entirely online. This is great if you’re always on the go or don’t live near a financial advisor. Many mobile apps provided by robo advisors also give you a live account of your portfolio whenever you need it.

3. They offer personalized advice, or a portfolio approach. Robo advisors use algorithms to give you tailor-made investment recommendations based on your individual circumstances or preferences. This can be a huge help if you’re not sure where to invest your money.

4. They’re transparent. Robo advisors are typically very upfront about their fees and how they work. This makes it easy to understand what you’re paying for and how your money is being invested.

5. They’re growing in popularity. Robo advisors are becoming increasingly popular, which means there are more options to choose from. Large amounts of trading volume every day is conducted by algorithms and automated trading, and having one work with you can be an advantage. The additional popularity also brings more systems to the market which gives you more of a chance to find the perfect robo advisor for your needs.

If you’re looking for an affordable, convenient, and personalized way to invest, a robo advisor is definitely worth considering. With so many benefits, it’s no wonder that they’re becoming one of the most popular ways to invest or trade today.

Best Robo Advisor List – The Details

1. Stockspot – best robo advisor in Australia (and beyond)

There’s no doubt that Stockspot is one of the best robo advisors in Australia. But what makes them so great?

For starters, they have over $600 million under management and over 30,000 clients. That’s a lot of people who trust them with their money!

But it’s not just the size of their business that makes them one of the best. They also have some of the lowest fees in the industry. The Stockspot management fee is 0.66% per year for portfolios above $10,000, and for portfolios under $10,000, the fee is only $5.50 per month (with the first 6 months free).

Compare that to other robo advisors who charge 1% or more per year, and it’s easy to see why Stockspot is one of the best platforms in Australia.

Another thing that makes Stockspot great is their customer service. They have a team of financial experts who are always available to help you with any questions you might have.

Then, on to one of the most important aspects to consider… fund performance. Over the past 5 years, many of Stockspot funds have outperformed 99% of similar funds, which is a great statement of a working formula.

With account options for sustainable investing, kids accounts (fee free), joint accounts, and corporates, there is likely to be an option to suit you at Stockspot.

2. eToro – best robo advisor automated trading platform

eToro is a social trading platform that also offers a robo advisor service. It has over 10 million users and offers a variety of features, including copy trading and a mobile app that is very easy to use.

With a trading platform offering that has the security of one of the widest range of financial regulators in the industry, eToro offer a safe place for you to trade, with a minimum deposit level that is at a reasonable level for early stage traders to begin to build a portfolio.

Although eToro work in a slightly different way to many of the other robo advisors, this can be seen as giving some variety towards achieving the same goal. There are thousands of different accounts you can copy, across a whole range of instruments; and with almost global user support, eToro remains one of the best automated trading platforms and robo advisors on the market today.

3. StashAway – best robo advisor Malaysia

Stashaway is a robo advisor platform that is based in Singapore and regulated by MAS under licence nu CMS100604. It has over $100 million in assets under management and offers a variety of features, including risk management and portfolio construction.

When it comes to fees, Stashaway is one of the most affordable, and simply best robo advisors in Malaysia. They charge a flat management fee of 0.2% – 0.8% per year, but this changes based on the amount you have invested with them. With all amounts under $25,000 being priced at 0.8% management fee, and those above tiering down towards 0.2% above $1,000,000.

The fact that StashAway minimum deposit is completely self selected, meaning you have no fixed minimum to start with, makes them an excellent choice for those who are looking to invest a small amount of money, or just a minimum deposit to test the platform.

Another thing to love about Stashaway is that they offer a free portfolio review. This is a great way to get an idea of how your investments are doing and whether or not you are on track to reach your financial goals. It is very straight forward to control the level of risk you wish to be exposed to, by simply sliding the toggle and adjusting how and where your capital will be allocated (according to thematic portfolios, or something less specific).

Finally, we appreciate that StashAway continues to provide an excellent level of customer service. When you are dealing with a robo advisor, there could be the feeling that everything is robotic, and cold by default, but this does not need to be the case. At StashAway, there is a dedicated customer service team that is always willing to help with any questions or concerns you may have that makes the whole process that much more human.

4. Betterment – best robo advisor for IRAs

Betterment is another popular robo advisor platform. It has over $15 billion in assets under management and offers a variety of features, including tax-loss harvesting and goal-based investing.

There are 3 simple steps to getting started with Betterment. You start by setting the plan of how much, why (investment goal), and the duration of your intended portfolio building. Then spend a few minutes setting up the account (either general investing or investing goal), and funding with a deposit method of your choice. The last step in the setup if for Betterment to identify different types of investments or portfolios to add into your account, and away they go.

Betterment are continuing to grow in popularity with US investors looking for robo advisor solutions, and the fact they offer 401k planning, and IRAs is a big advantage. Overall, one of the best robo advisors in the USA; regulated by the SEC, and a member of FINRA.

5. Wealthify – best robo advisor UK for ISAs & pension planning

Wealthify is a UK-based robo advisor platform with over £500 million in assets under management and a range of features. You find portfolios including socially responsible investing and risk-rated portfolios, alongside some of the more general investment accounts.

Management fees sit at 0.60% pa, with an average investment cost of around 0.16% pa bringing the total annual fees to around 0.76%. The investment cost covers market spreads on certain instruments, aswell as any fund fees charged by the provider (for things such as ETFs). The level of transparency in fee structure from is nice to see, and the Wealthify management fee is competitive in the marketplace.

One of the key things that makes Wealthify stand out as one of the best robo advisors UK residents have available, is the product range. Investment ISA accounts, Junior ISAs, and Pension planning are a few of those more niche elements that make Wealthify stand out amongst the crowd in the UK amongst other automated trading systems.

6. Moneyfarm – UK robo advisor with professional human oversight

Moneyfarm is another UK-based robo advisor platform. It has over £2.2 billion in assets under management and offers a variety of features, including goal-based investing and a financial planning service. You will also find SIPPs, ISAs, junior pensions, and a standard investing account to choose from, covering a wide range of goals.

As far as fees, Moneyfarm minimum deposit starts at £500, with an annual management fee of 0.75% between this level and £10,000. The annual fee works in a tier system that gets down as low as 0.35%, but only for those with more than £500,000 invested.

There are no additional or hidden fees within the structure offered, in a nod to simplicity. Moneyfarm fee tiers are as below:

Regulated by the FCA under licence number 629539, and registered with the FSCS, Moneyfarm has a strong regulatory framework and allows access to a variety of assets including US stocks from UK. Portfolios are also strategically adjusted by professional chief investment officer Richard Flax, meaning you are not solely relying on a robo advisor, but one with human oversight. All around, a very good robo advisor for beginners in the UK, with a simple fee structure, and no tie in periods.

7. Sarwa – best robo advisor UAE

Sarwa is a robo advisor UAE based and DFSA regulated with over $1 billion in assets under management and a range of features, including portfolio construction and risk management.

The starter plan with Sarwa is fee free for the first 12 months, and has a minimum deposit to get started of just $5. Sarwa fees for Standard, Premium, and Plus accounts reduce from 0.85%, to 0.7%, and down to 0.5%; as deposit levels to qualify for each increase to $2’500, $50’000, and $100’000.

Offering crypto, trade, and the invest account, with fee free withdrawals at any time means Sarwa is bringing to the table a portfolio of robo advisor platforms to UAE that are competitive around the globe, with all the local benefits.

8. OctaFX copy trading

OctaFX is a social trading platform that also offers a robo advisor service. It has over 1 million users and offers a variety of features, including copy trading and a mobile app.