tickr does something different from all the other investment platforms out there. It allows you to invest your money in your own future, whilst also investing in the future of the planet. It’s called impact investing. An opportunity to grow your wealth in a socially conscious way, in order to support the businesses that are leading the way in making a positive global impact.
But does tickr work to achieve this at the cost of your returns, or is this the best time to be investing in socially responsible companies? Tens of thousands of people taking part in tickr investing in the United Kingdom seem to think so, 80% of whom have never invested before.
tickr users aren’t the only ones getting on the ethical investing bandwagon. In fact lockdown saw a massive rise in the number of socially conscious investors looking to reduce their carbon footprint by supporting companies who are having a positive impact on the environment. But is tickr the best investment platform to handle your investments or would you be better off taking your money elsewhere? I’ve downloaded and used the tickr app myself in order to provide you with this comprehensive tickr review so you can judge for yourself if this is the best platform to meet your investment needs.
tickr is authorised and regulated by the Financial Conduct Authority and is also covered by the Financial Services Compensation Scheme.
Exclusive offer for Investing Reviews readers, if you sign up via my link you will receive £5 free into your trading account that you can invest!
Exclusive offer for Investing Reviews readers
If you sign up via my link you will receive £5 free into your trading account that you can invest! Earn an additional £10 for you and a friend by using your Tickr Invite a friend link located within your Tickr app.
Who is tickr?
Tickr is an investment platform that aims to simplify impact investing for the millennial market in one, easy to use app. Tickr provides its users with a range of ready made portfolios, with themes that include renewable energy sources and pharmaceutical innovation.
Who Owns tickr
tickr Ltd was co-founded by Matt Latham and Tom McGillycuddy in 2019, raising investment through Seedrs to fund the venture with a vision to change the culture of capital markets so investors no longer had to compromise their social and environmental values in order to make money. Both Matt Latham and Tom McGillycuddy worked in the investment management industry before setting up the tickr app with a view of creating an investment strategy that can have a positive impact on society. They used their experience in the finance sector along with modern technology, to align a profitable impact investing platform with social impact, and have grown a dedicated team of professionals who continue to develop and expand the business model for the profit of their investors.
tickr is the trading name of tickr Ltd, which is authorised and regulated by the Financial Conduct Authority.
Tickr Product Range Overview
There are three main account offerings at tickr:
- Stocks and Shares ISA
- GIA (General Investion Account)
- JISA (Junior Individual Savings Account)
As well as this there are three themes to choose from:
- People and Planet
tickr Stocks and Shares ISA Review
The tickr ISA provides you with the platform from which to invest in shares, funds and bonds, tax free, in the United Kingdom, up to £20,000 per annum. There is no fee for using the tickr ISA and it provides a tax efficient way of holding your tickr investment.
tickr GIA Review
The General Investment Account at tickr allows you to use their platform to invest in shares, funds, and bonds without any limits on how much you can place into your account. However, unlike the ISA, the profits you make are taxable.
The tickr JISA is the latest platform offering from tickr, one of the many new products and features I expect them to roll out on their platform in the next couple of years as they expand their platform offering to the United Kingdom market. You can start a JISA for your child with as little as £5 and invest up to £9,000 a year tax free. Of course, as with all the offerings at tickr, your child’s investments will go towards socially responsible companies that are paving the way for a brighter future for our planet, which seems like an apt way to invest for your children’s future.
Essentially tickr has fractional shares built into its platform as you can invest with as little as £5 into the portfolio of your choice. This opens up opportunities to investors that otherwise wouldn’t be available without a larger stake, as an example, the L&G Cyber Security ETF costs around £13 for just one unit, however, on tickr you could invest £5 and be invested in this Cyber Security.
tickr Round Ups
tickr also offer round ups to their users by securely connecting to your bank account and rounding up the spare change on your transactions to the nearest pound. This spare change is then invested straight into your tickr portfolio.
The tickr themes are essentially the portfolios that they have on offer to facilitate your impact investing. There are three themes to choose from before you get started, covering People, Planet and a combination of the two. Each investment theme clearly outlines the global companies you will be investing in and the locations across the globe your money will be spread across.
tickr does cater to different risk profiles within it’s themes; cautious, balanced and adventurous and you have the option to choose the risk level that suits you the most before you start investing on the app. Due to the fact that tickr does not offer the services of a financial adviser or robo advisory service, it is totally up to the user to select the theme that suits them the most. This can be an issue in terms of risk profiling.
Because tickr uses only Exchange Traded Funds to invest across these themes it is a little limited and ETFs by their very nature can make it difficult to achieve the sort of returns you might with other funds that are being actively managed. That being said, they do offer users investments in a number of companies from around the world, clearly illustrating which countries users will be investing in under your chosen theme as well as details such as weighting to government bonds, green bonds and cash.
Tickr Platform Review
tickr only offers people a mobile app at this time which I felt was a bit of a let down as many investors prefer to use a web based platform to view their investments. That being said, as founders Matt Latham and Tom McGillycuddy targeted their business model at millennials, it stands to reason that they would be app based.
Mobile Trading App
If you had to compare the tickr platform to another well known app on the market, then Moneybox would spring to mind, however, tickr gets its edge by focusing on impact investing.
Certainly the easy to use app is one of the most appealing platforms we’ve come across, with an intuitive layout and fresh, slick design. The founders of tickr have worked hard to eliminate all the financial jargon from its investment app, and present investing in easy to understand language, making investing accessible to everyone in a quick, simple format.
All the steps you go through to get started on the platform are picture led, and the process couldn’t be simplified more, simply select your theme from Climate Change, Disruptive Technology, Equality or a Combination, select your risk level, choose your monthly amount and then sit back and let tickr do the work for you.
Once you have chosen your relevant theme and selected your risk level, you can start investing with a minimum investment of just £5.
Research Service and Tools Review
As tickr aim to make investing simple and remove the financial jargon from the process, the education on their investment app is fairly good with ‘financial education’ videos available that can walk complete novices through impact investing in simple to understand terms.
There are also great charts and graphs that show the progress of your investments, as well as information about how the companies you invest in are using your money. Each company in the various portfolios also comes with a short video profile as well as stats so you can really get a handle on the positive impact your investment is having.
Of course, the traditional research tools are lacking, but as you are investing in pre-made portfolios using ETFs, this wouldn’t be relevant for this kind of offering.
Tickr Fees and Charges Review
The fees at tickr are fairly straightforward, with a £1 a month flat fee and no trading fees. Whilst tickr does give new customers their first month for free, this £1 fee can be a lot more counter productive than it sounds on small investment amounts, and should you be holding less than £150 in your portfolio, you may find the annual cost comes to more than your investment returns.
As a comparison, other platforms such as Wombat, will only implement the £1 per month fee once your balance has reached £1,000 in order to avoid smaller investors losing more than they earn. Wealthify also mitigates this problem by charging a percentage fee of 0.6 of your investment amount, again better for smaller investors but possibly not so great for investors with a larger pot.
There are no annual platform fees unless your account goes over £3,000 then tickr will add an additional 0.3% fee to the portion of your money above £3,000.
The only other fee that tickr users should be aware of is the cost of the underlying investments which range between 0.45%-0.65%, depending on which theme you select.
tickr don’t really charge any other platform fees, all withdrawals, deposits and opening and closing accounts are free of charge.
Guide to opening a Tickr account
Opening an account in the United Kingdom is fairly quick and painless at tickr, another streamlined process that appeals to the younger investor. You will need your bank details, ID and National insurance number in order to get started.
Once tickr have taken some of your personal details such as name and email address, you will be asked to choose a six digit pin, after which you will be ready to choose your investments. All in all a very straightforward process which can be completed in about 10 minutes.
Tickr Deposit and Withdrawal Review
Once you have gone through the usual verification process which can take up to eight days, depositing money into your tickr account is simple and painless. Deposits are completed by simply tapping on your portfolio pie and stipulating the amount of money you wish to deposit. Withdrawals are done in much the same manner, however, they can take up to 12 working days to process but my experience was more like 5 working days.
Tickr Customer Service Review
Whilst information on the tickr website is sparse, they do have a reasonable FAQ section, although I felt that there were gaps in the information provided. However, tickr do have a chat function that worked well for me and the agent was quick to respond, and they also provide email support.
Who is tickr Trading Suitable For?
tickr is mainly aimed at Millennials or first time investors, with a refreshingly un-corporate feel and transparent, genuine information that links investors to the companies they are investing in. tickr also draws in the millennial crowd by offering a minimum investment of just £5 on socially responsible ETFs.
More than 40% of it’s investors are female and the average age is just 31. As well as this, 50% have never invested before. tickr also runs a great refer a friend scheme allowing you to earn an additional £10 for you and your friend, and they promise to plant two trees for every referral they get, making it an excellent choice for social and environmental investors.
Here are some helpful bits of information to make your experience with tickr as streamlined as possible.
How do I contact tickr Ltd?
If you are struggling to find a Contact Us section on the tickr website, it’s because all contact with tickr Ltd is conducted through their investment app. There you will find an excellent chat function, with quick response times and detailed, informative answers to your questions. The alternative is to email tickr on the email address: firstname.lastname@example.org.
How do I withdraw my money from tickr?
Withdrawing your money from tickr is very straightforward and can be done by going into your account settings within the tickr app. Once there, all you need to do is click withdraw and by the following wednesday your request will be in motion and your money will appear in your chosen bank account.
How do I close my account at tickr Ltd?
Closing your account is very seamless and can be achieved by emailing the email address; email@example.com or alternatively using the in-app chat function. Ensure you have withdrawn all your money from tickr prior to requesting a close of account.
Is tickr any good?
Whilst making money and doing a good deed may seem like a bit of a fairy tale, tickr does in fact manage to achieve this with their impact investing model achieving great returns whilst providing a happier, more sustainable way to invest your money in important areas such as climate change and gender equality. All this is achieved in an easy to use app that functions well with constant updates to their overall offering. tickr have managed to make impact investing accessible, and socially responsible at the same time, no mean feat.
That being said, there are some gaps in the range of products at tickr, mostly just Exchange Traded Funds at this point, and the cost for small investors would come out slightly higher than average which would bring the scores down slightly for us. Users have also reported problems with access on the site, but this was in the early days and technical errors have been ironed out since.
Is tickr safe to use?
Tickr Ltd is definitely a safe option for investors as your money is held by third party custodians that are authorised and regulated by the Financial Conduct Authority. In addition to this, tickr is covered by the Financial Services Compensation Scheme (FSCS) which means your investments are protected up to £85,000.
As with any investments, the value of your capital is at risk when investing and your return may not be as much as your original investment.
Antonia is the Financial Editor at InvestingReviews.co.uk and brings a wealth of experience, having written for various industries over the past 10 years.
Her investment platform reviews, news, blogs and guides are meticulously researched, fact checked, and updated on a regular basis.