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Tickr UK Review

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 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 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 our link you will receive £5 free into your trading account that you can invest!

Tickr Rating Summary

Overall Rating: 8/10
80%
Fees: 7/10
70%
Account opening: 9/10
90%
Deposit and withdrawal: 9/10
90%
Trading platform: 9/10
90%
Markets and products: 6/10
60%
Research: 8/10
80%
Customer service: 10/10
100%
Education: 9/10
90%

Pros

Provides simple, socially conscious impact investments
Quick and easy deposits and withdrawals
Low cost ETFs available
Free £5 added to your account

Cons

Flat rate platform fee can cripple small accounts
No desktop version available
Limited selection of investments

Exclusive offer for Investing Reviews readers

If you sign up via our 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.

Tickr App Review

Tickr Product Range Overview

There are three main account offerings at tickr:

  • Stocks and Shares ISA
  • GIA – General Investment Account
  • JISA – Junior ISA

As well as this there are four main portfolios to choose from:

  • Climate Change
  • Equality
  • Disruptive Technology
  • Combination

tickr 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.

tickr JISA

The tickr JISA is the latest platform offering from tickr, one of the many new products and features we 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 t0 £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.

Fractional Share Trading on tickr

Essentially tickr has fractional shares built in to 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 Themes

The tickr themes are essentially the portfolios that they have on offer to facilitate your impact investing. There are four social and environmental themes to choose from before you get started, covering climate change, disruptive technology, gender equality or a combination of the three. Each theme clearly outlines the 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.

Because tickr uses only ETFs 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.

Tickr Platform Review

tickr only offers people a mobile app at this time which we 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 Investing Platform Review

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.

If your account goes over £3,000 then tickr will add an additional 0.3% fee to the portion of your money above £3,000.

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 Mobile App Review

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 our 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 we felt that there were gaps in the information provided. However, tickr do have a chat function that worked well for us and the agent was quick to respond, and they also provide email support.

Who is Tickr Suitable For?

tickr is mainly aimed at Millennials or first time investors, with a refreshingly uncorporate 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 and they promise to plant two trees for every referral they get, making it an excellent choice for social and environmental investors.

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