Robo-advisors are rapidly becoming mainstream across the globe as they may be one of the best options available for investors looking for low-cost wealth management services. The number of Robo-advisors is steadily increasing, as is the range of services they offer. Among those services, you might find Robo-advisors offering financial planning tools, tax-efficient techniques, access to human financial advisors' assistance, Socially Responsible portfolios, and many other services.
At Robo-Advisor Finder, we follow over 80 Robo-advisors worldwide, of which more than 30 offer their services to European investors. That's a lot to check, right? In this article, we'll make it easier for you by mentioning the best Robo-advisors in Europe and why we think they are among the best-automated wealth management platforms.
If you want to know more about Robo-advisors, how they function, what services they provide, and whether or not this type of automated investment is right for you, you can take a look at our article “What is a Robo-advisor?”
eToro: Best social investing platform. The company offers robo-advice services through its “Smart Portfolios” which are designed to help investors in creating diversified portfolios.
Mintos: Best for 0% fees (By signing up with our link, promo code GO-INVESTWEB and invest at least €1500, you’ll get a bonus of up to €200
XTB: Best for DIY long-term investors looking for low fees
Whitebox: Best for Deutsch-speaking countries (similar to Quirion)
Indexa Capital: Best for Spanish and French-speaking countries
While Robo-advisors have been popular for several years in the US, with many players competing for market share as they started offering free Robo-advisory services, Europe has lagged behind. However, more Robo-advisors are coming into the market, aiming to provide more innovative services and make investing more accessible to everyone. In general, low pricing, low minimum deposit requirements, and increased portfolio customization are undoubtedly among the main factors for investors when looking for a suitable Robo-advisor.
To list the best Robo-advisors in Europe, we've checked different platforms and evaluated those three main characteristics, and here are the results of our deep dive research.
💵 Minimum balance: €1,000 for Spanish Investors (€250 for pensions); $/€5,000 for International investors
🚩Available countries: Worldwide except US, Japan, Hong Kong and Australia
💬 Supported languages: English & Spanish
A Spanish Robo-advisor offering a wide range of automatically managed portfolios. Its offerings include Socially Responsible portfolios, and they allow you to customize your portfolio to fit your investing profile better. It has many other features, like automatic rebalancing, tax-loss harvesting, and access to a personal financial advisor for amounts greater than €100,000. You can read our inbestMe review for further insights.
inbestMe is suitable for all investors across Europe looking for a low-fee Robo-advisor with some degree of portfolio customization.
💲Fees: Zero Management and account Fees. Other fees apply.
💵 Minimum balance: Varies by country
🚩Available countries: Most EU countries
💬 Supported languages: Multiple languages
eToro is a multi-asset brokerage and social trading platform that was created in 2007. It has grown in prominence as a leading online platform for social investing and trading in a wide range of financial assets such as equities, cryptocurrencies, commodities, FX, and others.
While eToro provides some social trading and portfolio management capabilities that are comparable to robo-advisors, it is important to remember that eToro's core functionality is centered on social trading, and its platform may not fully mimic the services provided by dedicated robo-advisory firms.
In Europe, the company offers robo-advice services through its “Smart Portfolios” which are designed to help investors in creating diversified portfolios.
Founded in 2015, mintos is an investment platform that exposes you to a mix of asset classes: traditional (bonds, ETFs) and alternative (loans). It has over 500,000 clients with assets under management of +600 million euros.
By signing up with our link, and invest at least €1500, you’ll get a bonus of up to €200! Terms and Conditions can be found here.Capital at risk.
Within the ETF portfolios, you can invest with 0% fees (the ETFs have embedded fees, called Total Expense Ratio - TER - and are independent of mintos). The ETFs used to personalise each portfolio come from major ETF providers, like iShares and Vanguard.
🚩Available countries: Worldwide, exceptions include Australia, Belgium, Japan and the United States
💬 Supported languages: Multiple languages
Founded in 2002, XTB is a major player in the brokerage industry with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) - plus other relevant regulatory bodies - and listed on the Warsaw Stock Exchange.
From as low as €15, you can invest in XTB Investment Plans. You can build one or more portfolios (up to 10) based on over 350 ETFs. There is no cost in running any of the XTB Investment Plans. However, you might incur a 0.20% (min €10) ETF transaction fee if your monthly turnover (total amount of the transactions amount) exceeds €100,000. Otherwise, it is commission-free.
Be aware that this is not a “typical” robo-advisor. It does not create your investment plan for you - you are the one who needs to choose the financial instruments. Still, it is a cost-effective and intuitive way to invest for the long-term, automatically, without needing to pay annual management fees charged by other robo-advisors.
XTB Investment Plans
You can invest automatically by selecting a specific amount, deposit period and method.
Finally, there are no restrictions: you can deposit or withdraw anytime and there is no minimum investment period.
All in all, this is a great solution for anyone looking to invest in ETFs automatically, and with no fees.
Whitebox is a German Robo-Advisor that manages portfolios automatically but based on hybrid investment strategies (active and passive). You can choose among four different investment strategies: Value, Value Green, Global, and Global Green. Although their website is only Deutsch, any international investor can open an account at Whitebox (excluding individuals with US citizenship or US tax liability). The only requirement is a SEPA-enabled account in EUR.
Whitebox is a suitable Robo-advisor for all European investors (more specifically Deutsch investors) looking to start investing with a very low amount and are familiar with the Deutsch language.
Another alternative for German investors is Quirion.
💵 Minimum balance: €1,500for Spanish Investors; €3,000 for International investors
🚩Available countries: Most EU countries, UK and Switzerland
💬 Supported languages: Spanish & French
Indexa Capital is a leading Robo-advisor in Spain that focuses on index funds. They determine your investor profile based on your answers to their questionnaire, and they recommend a suitably diversified portfolio accordingly. Then, they work on managing your portfolio by automatically rebalancing and ensuring global diversification at low management costs.
Indexa Capital is a good Robo-advisor for anyone living in one of the EU countries (excluding Cyprus, Gibraltar, and Malta), the United Kingdom, or Switzerland, who is familiar with French or Spanish, and is looking to invest automatically at low fees.
Curvo is a new Robo-advisor available for Belgian citizens offering automated portfolios tailored to investors' goals. Following a brief questionnaire, they recommend one of their five portfolios: Protective, Calm, Smooth, Energetic and Growth. They invest in index funds, and your money is rebalanced regularly.
Simplewealth is a Robo-advisor based in Zurich offering automated wealth management services for residents of Switzerland or the European Union. They’ll ask you approximately 10–15 questions to better understand your goals, investment expectations, and investment horizon. Then, they’ll recommend a portfolio after analyzing your answers and work on automatically managing it.
💵 Minimum balance: €20 monthly or a lump sum of €1,000
🚩Available countries: Austria, Germany.
💬 Supported languages: English, Deutsch.
Scalable Capital is a fintech company offering brokerage and Robo-advisory services. They assist individuals in investing in stocks, ETFs, and cryptocurrencies on their own, as well as obtaining a customized, internationally diversified, and fully managed portfolio. They provide a variety of investing strategies based on specific themes (GDP Global, Value, Dynamic Risk Management, ...). They also provide sustainable investing strategies and the chance to diversify your portfolio with gold and cryptocurrency.
Like other free stock promotions in Europe (Trading 212 voucher code is an example), new Scalable Capital users get one free stock or ETF using the link mentioned before.
Scalable Capital Homepage
#10 Moneyfarm (Low fees and access to financial advisors)
💲Fees: UK: between 0.35% and 0.75% annually- Italy: between 0.40% and 1.00% annually
💵 Minimum balance: £500 (UK) €5,000 (Italy)
🚩Available countries: UK and Italy
💬 Supported languages: English and Italian
Moneyfarm is a Robo-advisor that offers seven portfolios made up of a combination of ETFs based on your risk profile. One key difference between Moneyfarm and other robo-advisors is that you are assigned a financial advisor who can provide guidance while you start your investing journey. It currently accepts clients from the United Kingdom and Italy and is suitable for new investors looking to invest their small savings at a low cost.
Moneyfarm Homepage
Best Robo-Advisors in Europe Compared
Comparison table
Final Thoughts
Overall, Robo-advisors are ideal for investors looking for “set and forget” investment solutions. However, with the growing number of Robo-advisors in Europe, it is becoming increasingly difficult for investors to select the one that best suits their needs.
To make things easier, we've compiled a list of Europe's six best Robo-advisor options. However, many more companies might also suit your needs, so we encourage you to check our full list of Robo-advisors. In general, we suggest you visit their websites, read about how they implement their investing strategies, compare the fees charged, and verify that the company is regulated.
Remember, if you have any questions, feel free to leave a comment below.
A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, returns, and impact strategy.
How much money do I need to invest with a Robo-advisor?
Most Robo-advisors have a very low minimum balance requirement to start investing (you can find Robo-advisors that allow you to start investing starting at $5).
Do Robo-advisors beat the market?
No, most Robo-advisors invest in ETFs and work on matching the performance of a particular market benchmark. So, they tend to closely replicate the market's performance rather than beat it.
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