We found 11 online brokers that are appropriate for Trading Robo Advisors Vs Financial Advisors.
There have always been multiple options to select. And most of the time, you need to pick one and let the other one go. The same thing also takes place when you are choosing your advisors. Robo advisors, or Financial Advisors,which one should you choose?
Robo Advisors is the term to describe a fully automated online investment program or platform. Just like its name suggests, it does not involve human advisors to help you to build a investment portfolio, although some brokerages offer human advisors in their advanced packages.
Robo advisors are quick, simple and resilient. For that reason, they are loved by both old and younger generation investors. But Robo Advisors are not a viable option for every investor. Some are still interested in the traditional investment advisors which involves human professional advice.
The best way to decide which is better is by comparing them side to side. Basically, their functions are just the same. You will want to understand their strength and weakness, as well as the quirks that can weigh your decisions one way or another. So, let’s see the points that you can compare.
Robo advisors can be a great choice for you if you have understood the risks and impact of the investment fees on your investment portfolio. Meanwhile, you will want to use human advisors if you think that robo advisors are not flexible enough for you. Well, in fact, the Robo advisors do not have the human approach, which leads us to the next point.
Obviously, you can differ the interaction between robot advisors and traditional advisors. With traditional advisors, you will have human contact. It can be a better option for you if human contact is paramount.
But if you do not need much direct contact, you could make use of robo advisors. In fact, there have been many sophisticated robo advisors which are able to replace human advisors. They are able to help you to tailor the balanced portfolio based on your budget and preferences.
Most of the traditional advisors come with more expensive fees and larger deposit amount requirements. On the other side, some brokerages with Robo Advisors even require as low as £500 to start investing. If your current capital does not meet the minimum requirements of deposit for a traditional advisor, then the sensible approach for you is to take on Robo Advisors.
Robo Advisors is a hands-off experience. That means you will let other parties conduct the activities on your behalf. Meanwhile, with the traditional advisors, you are still monitoring and working to control your investments. If you still have core activities such as your part-time job, 9-5 job, or other activities, you will want sustainable assistance from your brokerage.
In this case, Robo Advisors can be of more help for you. But if you are serious in managing the great amount of your capital, it is important to work with the traditional advisors because they can be the best companion to have the same common grounds.
Robo Advisors, although it seems easy to understand, is not as simple as you think. You can use your robo advisors if you have understood about the effects of the investment fees on your investment portfolio.
The fees that you pay will have a significant effect on your overall investment performance. The robo advisors usually charge less than 15. You can get the robo advisors with the lower fees.
And if you are okay with the secluded activity, you don’t need direct contact. Therefore, human advisors would be the least that you need.
It is true that some people need human connection when it comes to investments. But others don’t need it. If you’d rather assign the investment management to someone else so that you can do your core, then Robo Advisors can make the best choice for you.
The hype around Robo Advisors does not stop some people from choosing financial advisors. Well, if you are not sure, it is okay not to pick automated financial advice. But the robo advisors do have their use and the reasons are sensible.
Not all investors find it convenient to conduct all of investing activities online.
The thought of relying the success of your investment portfolio to a robot platform just does not make sense for older generations. If you agree with this, then your best choice are traditional financial advisors.
You might think that human interaction is paramount. It is just like when you are purchasing something or about to use any service.
You will have peace of mind after speaking to their customer support, or at least drop by their office to meet their representatives.
When it comes to the balanced investment portfolio, you might want to specify the management. There are abundant questions and inquiries which the Robo Advisors can’t handle. If that’s the case, you'll be better off with the traditional financial advisers.
We list some of the best trading platforms that offer expert advisors and robo advisor support below.
We've collected thousands of datapoints and written a guide to help you find the best Robo Advisors Vs Financial Advisors for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best robo advisors vs financial advisors below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Robo Advisors Vs Financial Advisors trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Robo Advisors Vs Financial Advisors.
Compare Robo Advisors Vs Financial Advisors min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are robo advisors vs financial advisors. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more robo advisors vs financial advisors that accept robo advisors vs financial advisors clients
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Forex.com
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City Index
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) |
Min Deposit | 200 | No minimum deposit | 250 | 1 | 100 | 200 | 100 | 5 | 100 | 100 | 25 |
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Used By | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 150,000+ | 14,000+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with forexcom |
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Up with cityindex |
Risk Warning | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider |
Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Forex.com Demo |
City Index Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | BE | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW |
You can compare Robo Advisors Vs Financial Advisors ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Robo Advisors Vs Financial Advisors for 2021 article further below. You can see it now by clicking here
We have listed top Robo advisors vs financial advisors below.