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Monzo investment platform review
Is Monzo any good?
In our latest customer satisfaction survey, Monzo received a customer score of 74% for its stocks and shares Isa, putting it joint 9th out of 25 providers.
Digital bank Monzo’s investment platform offers existing customers access to three funds managed by BlackRock. The three multi-asset funds offer different levels of risk: cautious, balanced and adventurous.
It scored four stars for both overall customer service and value for money.
Monzo was consistently one of the most expensive platforms for large investment portfolios, while it fell somewhere in the middle of the competition for portfolios worth less than £25,000.
The minimum investment into one of its funds is £1.
Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms and conditions of an investment platform before committing to any financial products.
- Find out more: Best investment platforms in the UK 2025
Monzo stocks and shares Isa scores in more detail
| Aspect of service | Star rating |
| Customer service | |
| Ease of use | |
| Information on investments | |
| Value for money |
What do customers say about Monzo?
Comments from Monzo customers that took part in our survey include:
- ‘I like the app and the ease of understanding my portfolio and being able to invest. I marked them down for the long time it takes if you want to make any withdrawals.’
- ‘Really easy to set up and use. Graph is clear and gives me the information I want to know and allows me to monitor how my investment is performing.’
- ‘It's easy to use, has a nice looking app, doesn't charge me any hidden extras or fees to use the Monzo service for managing my investments.’
Visit Monzo to find out more about its accounts, services and investment options.
How much does Monzo cost?
There's no difference in fees whether you're investing in a Monzo stocks and shares Isa or a general investment account.
Annual platform charge
- 0.45% standard charge
- 0.35% for Perks (£7 a month) and Max (£17 a month) customers
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.
- N/A
How much would I pay to invest with Monzo?
We've estimated the cost of investing over the course of a year in a Monzo stocks and shares Isa, assuming that you make four purchases and four sales each year.
Costs will vary depending on how much you invest. Fund charges for portfolios worth up to £50,000 assume you're a standard customer; our estimates for portfolios worth £100,000 or more are based on being a Perks customer as it works out cheaper.
| Amount invested | Annual fund charges |
|---|---|
| £5,000 | £23 |
| £10,000 | £45 |
| £25,000 | £113 |
| £50,000 | £225 |
| £100,000 | £434 |
| £250,000 | £959 |
| £500,000 | £1,834 |
Table notes: Annual charges include platform fee and any trading charges. We have not included other charges that might apply, such as foreign exchange fees or fund management charges that are levied by fund managers.
- Find out more: Compare investment platform fees and charges
What can you invest in with Monzo?
Monzo accounts and services
Find out more about Monzo by using the links below to view their accounts and services:
Investments on Monzo
- 3 BlackRock funds
Correct as of January 2025
Is Monzo good for ethical investors?
As Monzo only offers three funds, it's easier to find out how ethical they are.
At the time of writing, the BlackRock funds available aim to reduce carbon emissions by 30% compared to equivalent portfolios, and invest at least 80% of their government bonds with countries who have an ESG (ethical, social and governance) rating of BB or higher (ie not the two lowest ratings of CCC or B).
You cannot choose to avoid certain industries or invest exclusively towards a positive impact.
- Find out more: Ethical investing explained
Is your money safe with Monzo?
Monzo is regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme (FSCS).
When you invest with an investment platform that's registered with the FCA, 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 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 given by a regulated independent financial advisor that has since gone bust.
- Find out more: Are your investments protected?