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Moneybox investment platform review
Is Moneybox any good?
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What do customers say about Moneybox?
- ‘I don’t really understand too much about money and investing, but the app is very clear and easy to use. I haven’t had any major issues thus far.’
- ‘Moneybox gives me the freedom to invest and the information to expand or not. Also, it’s very easy to get my money out when needed.’
- ‘It's easy to use and explains investing and investments very clearly and in simple language, and the site has a great layout and design.’
How much does Moneybox cost?
There is no difference in fees whether you're investing in a Moneybox stocks and shares Isa or general investment account.
Platform charge:
- £1 per month, plus 0.45% of the value of your investments per year
Trading charge:
- None
Foreign exchange charge:
This applies to each trade of investments denominated in another currency, for example US stocks, on top of fund and trading charges.
- 0.45% (US only)
Fund charge:
- Average exchange-traded fund (ETF) charge on Moneybox is 0.32% - with a high of 0.88% and a low of 0.09%
How much would I pay to invest with Moneybox?
We've estimated the cost of investing over a year in a Moneybox stocks and shares Isa, assuming you make four purchases and four sales each year.
£5,000 | |
£10,000 | |
£25,000 | |
£50,000 | |
£100,000 | |
£250,000 | |
£500,000 |
- Find out more: Compare investment platform fees and charges
What can you invest in with Moneybox?
Moneybox accounts and services
- General investment account
- Stocks and shares Isa (not flexible)
- Self-invested personal pension (Sipp)
- Lifetime Isa
- Junior investment Isa
- Cash Isa
- Mortgage broking
- Savings account
How many investments does Moneybox have?
- 11 investment trusts
- 12 exchange-traded funds
- 20 stocks
Correct as of January 2024
Is Moneybox good for ethical investors?
Of the 11 trusts and 12 exchange-traded funds on offer at Moneybox, there are four with ESG (environmental, social and governance) in the name and others covering sectors that could appeal to ethical investors, such as clean water.
However, Moneybox provides little information on the details of these funds, such as the top 10 holdings or a sector breakdown.
- Find out more:Ethical investing explained
Is your money safe with Moneybox?
Moneybox is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS).
When you invest with an investment platform that's registered with the Financial Conduct Authority, your money will be ring-fenced and should be returned if a company goes bust - without you having to wait alongside other creditors.
If ring-fencing failed, you would be compensated by the FSCS.
The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online at www.fscs.org.uk; there's no reason to use a claims management company.
You won't be compensated for investments falling in value or if a company in which you hold shares goes bust unless this poor performance resulted from bad advice from a regulated independent financial adviser that has since gone bust.
- Find out more: How the FSCS works