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Antonia's View:

The Verdict

Nuwealth is one of the cheaper options when it comes to saving tools and auto investing. In addition to ETFs, there is also access to a good range of high-value stocks, made accessible via fractional shares.

I admit that I was sceptical at first, but the app has won me over. For someone with little to no starting capital or experience, this presents a well-priced and easy-to-use option. Use the savings tools to build a pot, and then tap into the investments on offer. Fractional shares mean very little starting capital is required.

There are of course flaws. Investors should be aware of the 0.75% FX fee when buying overseas stocks. In addition, there is zero assistance in the way of helping new investors pick their investments or understand their risk profile. All the ETFs are thematic, which means you can invest in a theme such as food, or AI. However, it also means you can’t access a simple tracker fund.

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quote

Pros

  • Super easy to use
  • Access to fractional shares
  • Good savings tools
quote

Cons

  • 0.75% FX fees
  • Verdict4.0
  • Fees4.0
  • Trading Platform4.5
  • Research3
  • Safety4.5
  • Education3.5
  • Customer Service3.5
  • Portfolio View
  • Promotions

Antonia's View:

Who do I recommend it for?

arrow-down-orangeRead more
quote

Pros

  • Super easy to use
  • Access to fractional shares
  • Good savings tools
quote

Cons

  • 0.75% FX fees
  • arrowVerdict
    4.0
  • arrow Fees:
    4.0
  • arrowTrading Platform:
    4.5
  • arrowResearch:
    3
  • arrowSafety:
    4.5
  • arrowEducation:
    3.5
  • arrowCustomer Service:
    3.5
  • arrowPortfolio View
  • arrowPromotions

update-icon

Updates

25.06.24 Review published

Who do I recommend NuWealth for?


This is definitely an option for complete beginners, and would specifically suit someone with little to no starting capital who can tap into the money saving tools to build an investment pot.

The fractional shares make owning a piece of big stock possible for anyone. The range of assets while lacking for more experienced investors, would not be overwhelming for a beginner.

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