Moneyfarm Review – Is It Any Good?

Moneyfarm is a good choice if you want someone else to build and run your investments for you, and you have at least £500 to start. As of 29 October 2026 its main managed portfolios cost 0.70% a year on the first £50,000 (a 0.45% management fee plus a 0.25% platform fee), plus fund costs of around 0.16% to 0.21%, and the fee falls as your pot grows. The catch is small pots: a £1.25 a month minimum platform fee makes it pricey under about £6,000.

I rated Moneyfarm 4.6 out of 5 using our six pillar method, and I liked it so much I moved my own Stocks and Shares ISA over. It’s regulated by the FCA, and investments are covered by the FSCS (the UK’s compensation scheme) up to £85,000 if the firm fails, never against markets falling.

Best for hands-off investing

Moneyfarm

4.2 on Trustpilot

Expert-managed portfolios in an ISA, pension or GIA

What I like

• Expert-managed portfolios
• Fees fall as your pot grows
• ISA and pension available

Watch out for

• 0.70% total fee on pots under £50k (plus ~0.16% fund costs)
• Not for individual stock pickers

£500

minimum

0.45% management

platform fee

To £50k; 0.20% £50k-£100k; 0.10% £100k-£1.5m + 0.25% platform fee (min £1.25/mo)

None on managed portfolios

trading fee

Visit Moneyfarm (opens in a new tab)

Affiliate link. Capital at risk.

Moneyfarm review: my verdict at a glance

I’m a big fan of Moneyfarm. It takes the stress out of investing with a set it and forget it approach, while an expert team takes care of the portfolio for you.

Who Moneyfarm suits (and who it doesn’t)

Moneyfarm suits you if

• You want to invest for the long term without choosing funds or rebalancing yourself.
• You have £500 or more to start, ideally £6,000 or more so the minimum fee stops biting.
• You’d like human support as your pot grows: Investment Consultants from £10,000 invested and your own Wealth Manager over £100,000.
• You want an ISA, a pension and a cash ISA in one place.

Look elsewhere if

• You’re starting with less than £500, or want to save small amounts with round-ups.
• You want a Lifetime ISA for a first home (Moneyfarm doesn’t offer one).
• You want to pick your own shares inside the managed ISA (you’d need its separate DIY account).
• You want the cheapest possible option and are happy to pick a global tracker fund yourself.

How Moneyfarm works

Moneyfarm is what’s called a robo-adviser: you answer questions about your goals, how long you’re investing for and how you’d feel about losses, and it recommends one of seven portfolios, from lower risk (mostly bonds and cash) to higher risk (mostly shares). If you’d like a different one, you can still choose it. The portfolios are built from ETFs (exchange traded funds, cheap funds that trade like shares) spread around the world, and Moneyfarm’s team monitors and rebalances them for you.

Getting started is simple: standard personal details and ID checks, the risk questionnaire, then you pay in by bank transfer or Direct Debit, or transfer an existing ISA or pension. Moneyfarm says that between £500 and £5,000 it can’t always build a fully balanced portfolio, so you may hold more cash until your pot approaches £5,000.

Portfolio styles

• Actively managed: the main option, adjusted by Moneyfarm’s investment team.
• Fixed Allocation: a set mix that’s rebalanced but not actively adjusted, so it’s cheaper.
• Smart Yield: a low-risk, cash-like option at the cheapest fee.
• Socially responsible (ESG): screened on environmental, social and governance factors.
• Thematic and Absolute Return / All Weather options for specific themes or steadier returns.

Wealth tiers: how much human help you get

This is the big change since I first reviewed Moneyfarm. Human support now depends on how much you have in its managed portfolios:

Core and Premium customers can add the Private tier for £12.99 a month. The thing I like most is being able to talk to a real person about your investment strategy, which is unusual for a robo-adviser, but it’s now a perk for bigger pots rather than everyone.

What can you invest in with Moneyfarm?

When you invest, your capital is at risk.

Moneyfarm Stocks and Shares ISA

This works like any stocks and shares ISA, except Moneyfarm’s team does the hard work and manages the portfolio based on your answers. You can’t select individual investments inside it. You can transfer an existing ISA in with a simple form and keep its tax-free status; see our guide on how to transfer an ISA.

Moneyfarm pension

The pension (a SIPP, which is a personal pension you run through a provider like this) can be invested by your risk level or through a guided option based on your age that gets more cautious as you near retirement. You get tax relief on contributions (up to 45% depending on your tax rate), you need at least £500 to transfer an old pension in (Moneyfarm suggests £2,500 for full diversification), and you can leave it invested and draw an income when you retire. See how it compares in our best pension providers guide.

General Investment Account and Junior ISA

A General Investment Account is handy once you’ve used your yearly ISA allowance, but you may pay capital gains tax and dividend tax on returns outside the £3,000 and £500 allowances. The Junior ISA lets family invest up to £9,000 a year for a child, who gets full access at 18. Our GIA vs stocks and shares ISA guide explains the difference.

Moneyfarm Cash ISA

Moneyfarm’s Cash ISA paid 4.79% for the first year (3.62% plus a 1.17% boost) when Moneyfarm last updated it on 12 October 2026. It works differently from a bank cash ISA: your money goes into qualifying money market funds (funds that spread cash across low-risk institutions), so the rate can change immediately and the protection is the FSCS investment limit of £85,000 if Moneyfarm fails, not the £120,000 bank deposit limit. The boost is paid after 12 months and lost if you make more than three withdrawals in a year. Its page still mentions a cut to the cash ISA limit from April 2027, but that cut was scrapped in the 28 October 2026 Budget, so you can still put the full £20,000 into cash ISAs.

Read nextMoneybox vs Moneyfarm – Which Investing App Is Better?

Moneyfarm fees

Moneyfarm changed its pricing when it brought in the Wealth tiers. You now pay a management fee, a separate platform fee, and the costs of the funds inside your portfolio:

On top, fund costs average around 0.16% a year and the market spread (the gap between buying and selling prices) up to 0.05%. There are no fees to open an account, top up, withdraw or transfer.

What that costs in pounds

• £1,000 invested: £4.50 management + £15 minimum platform fee + up to £2.10 fund costs = up to £21.60 a year, or about 2.2%.
• £10,000: £45 + £25 + up to £21 = up to £91 a year (0.91%).
• £20,000: up to £182 a year, which matches Moneyfarm’s own example of £15.17 a month.
• £50,000: £225 + £125 + up to £105 = up to £455 a year.
• Fixed Allocation on £10,000: £15 + £25 + up to £21 = up to £61 a year.

The £1.25 minimum stops mattering at £6,000, where 0.25% equals £15 a year. Its fees start mid-range compared with similar apps, but they drop as your account grows, which is why fees were the lowest of my six scores.

Is Moneyfarm safe?

Yes. Moneyfarm in the UK is MFM Investment Ltd, authorised and regulated by the Financial Conduct Authority (FCA) with firm reference number 629539. Your investments are held in custody and your cash as client money, separate from Moneyfarm’s own money, under FCA rules.

If Moneyfarm failed and your assets came up short, the FSCS covers up to £85,000 per person. That includes the Cash ISA, because it’s invested in money market funds rather than held as bank deposits. The FSCS never covers normal falls in the value of your investments. You can check any firm with the FSCS protection checker.

Moneyfarm customer service

I’ve been really impressed with Moneyfarm’s customer service. They’ve always been very responsive and the live chat is super helpful when you have an easy query that doesn’t need a call. You can reach the UK-based team by phone, email or in the app.

Moneyfarm reviews: what customers say

On Trustpilot, Moneyfarm scores 4.2 out of 5 from 6,967 reviews, with 58% five star and 7% one star (checked 29 October 2026). Most reviews praise the service and the investment team. Recent low scores mention the fee rise under the new pricing, returns not justifying the cost, and frustrating ID checks when opening an account.

Moneyfarm vs Nutmeg vs Moneybox

The closest rivals, on each provider’s own pages checked 29 October 2026:

Moneyfarm vs Nutmeg

Nutmeg is now J.P. Morgan Personal Investing. It’s similar in a lot of ways, and on the main managed portfolios it costs a little more than Moneyfarm from about £5,000 upwards, though it’s cheaper on very small pots and offers a Lifetime ISA. Full detail in our Moneyfarm vs Nutmeg comparison and Nutmeg review.

Moneyfarm vs Moneybox

Moneybox starts from £1 and is cheaper if you stick to its three funds, but it doesn’t manage the portfolio for you in the same way. See Moneybox vs Moneyfarm.

Moneyfarm vs Wealthify

Wealthify is another robo-adviser, charging 0.60% plus fund costs with a £1,000 minimum to start. Read our Moneyfarm vs Wealthify comparison.

How I tested Moneyfarm

I use Moneyfarm myself: I moved my Stocks and Shares ISA over to it. I scored it with our six pillar method (useful features, user experience, customer service, suitability for beginners, customer feedback, and price and fees). It scored 4.6 out of 5, with top marks for features, user experience, customer service and beginners, and its lowest score on price and fees.

Every fee, rate and product on this page was re-checked on Moneyfarm’s own website and terms on 29 October 2026, along with the FSCS rules and the 28 October 2026 Budget. If you sign up through our links we may earn a commission. That never changes the score.

Final verdict: is Moneyfarm any good?

Yes, for casual investors who want to invest without micromanaging a portfolio, and who have at least £500 (ideally a few thousand) to start. Using technology to build each person a portfolio matched to their goals is great, the app is slick, and the human support gets better as your pot grows.

If you’re an experienced investor, or someone who prefers a hands-on approach, you may feel restricted by Moneyfarm’s on-the-rails style. And I’d like to see the minimum platform fee reviewed, because it makes Moneyfarm expensive for people just starting out.

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