OCBC RoboInvest Reviews and Comparison - Seedly
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OCBC RoboInvest

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  • Reviews (117)
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Robo-Advisors/OCBC RoboInvest
Robo-Advisors/OCBC RoboInvest
4.1
117 reviews
claimed

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

User Experience

4.3

Ease of Sign up

4.4

Customer Support

4.1

OCBC RoboInvest

0.88% p.a.

PRICING

USD$100

MINIMUM INVESTMENT

Web and Mobile App

PLATFORMS

OCBC RoboInvest

0.88% p.a.

PRICING

USD$100

MINIMUM INVESTMENT

Web and Mobile App

PLATFORMS

Details

Best Robo-Advisor Review 2020:
Is OCBC RoboInvest the Robo Advisor for You?

OCBC RoboInvest is a robo-advisor powered by WeInvest that aims to make trading intelligent and simple for users.

OCBC RoboInvest is currently one of the most comprehensive and extensive robo advisory in Singapore with 33 thematic portfolios across 6 different markets to match every risk appetite. From beginner investors, low capital starters like first jobbers, to experienced investors - OCBC RoboInvest also allows you to choose investments of sizes and risk levels.

Your portfolios are carefully monitored and you will be notified if there are opportunities to rebalance your portfolio to better maximise your returns. The percentage allocation to each ETF is determined using OCBC's proprietary optimization algorithm and ETF-based portfolios are rebalanced semi-annually.

Read More about OCBC RoboInvest
Reviews (117)

4.1

117 Reviews

  • 5
    39
  • 4
    62
  • 3
    10
  • 2
    2
  • 1
    4

Read Review About...

Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 1d ago

    Purchased

    OCBC RoboInvest

    [Investment Method] Upon submitting your request to sell your shares, OCBC will take up to 5 business days to sell it at the market rate (i.e. not the rate you initiated), this means that there is high chance you could make lesser than your initiated request and lose money. Becareful, they are out to make sure they profit from you, not help you to earn from the investment.

    0

    Post
  • Updated 4w ago

    Purchased

    OCBC RoboInvest

    Stay away from OCBC Roboinvest. Highly user unfriendly, restrictive, and extremely problematic. 1st issue: NO ACCESS TO CASH BALANCE. Which means, if you've transferred too much cash or decided to change your mind, you're not given an option to withdraw unallocated cash balance back into your bank account. The money is stuck there. If you want back your money, you're forced to invest in a portfolio and then withdraw the money. 2nd issue: NO CUSTOMER SERVICE HOTLINE. Nobody to call for help if you run into any problems. I called OCBC hotline when I ran into the 1st issue above. After going a big loop over various departments, they finally informed me that there's no customer service hotline personnel in charge of Roboinvest. If I need help, I'll have to email them. 3rd issue: No mobile app (they've since added RoboInvest to the OCBC app) 4th issue: PROBLEMS WITHDRAWING FROM PORTFOLIO Tried to withdraw from a portfolio, but the following error msg "We are unable to process your submission. Your submission is unsuccessful. You may try again or EMAIL us for help." As usual, when I called in OCBC customer service hotline, they informed me to email instead. Overall, I'd recommend all to try other investment platforms instead.

    1

    Bebe

    1d ago

    Agree, they will mess up your withdrawal. I got that issue too. Very scammy
    Post
  • Updated on 21 Oct 2020

    Purchased

    OCBC RoboInvest

    [User Experience] [Returns Rate] Simple and easy to use, with great returns - loving it so far! Am also using other robo advisory but this is definitely one of my favorites.

    2

    Suzuki Tan
    Suzuki Tan

    4w ago

    Hi. Which portfolio did you invest in>
    Suzuki Tan
    Suzuki Tan

    4w ago

    So far, most is negative return
    Post
  • Updated on 30 Jun 2020

    Purchased

    OCBC RoboInvest

    One year into using this and my portfolio is down 8.3% compared to the index decline of 11.7%. Not bad relatively. But I have invested with other robo-investment platforms and they are delivering better results.

    5

    3 more comments

    Vod Chia
    Vod Chia

    4w ago

    I invested China Growth on their ETF. Since Oct 20. Seems to be OK. Prob u can try.
    Suzuki Tan
    Suzuki Tan

    4w ago

    Think I park at the wrong Side in Singapore
    Post
  • Updated on 29 Jun 2020

    Purchased

    OCBC RoboInvest

    Roboinvest platform is easy and quite straighforward to use. Sign up process is almost instant. OCBC online banking is missing and the process of the invested amount got reflected on the dashboard takes too long to be updated.šŸ‘šŸ˜

    0

    Post
Questions (0)
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Features of OCBC RoboInvest

  • Management Fees / Platform Fees/ Advisor Fees: 0.5% - 0.88% p.a. depending on your investment amount
  • Minimum Investment Amount:Ā USD $100
  • Methodology:Ā Selected baskets of portfolios comprising stocks and ETFs, specially curated by OCBCā€™s leading wealth experts.
  • Investment Portfolios available:Ā 33 types of portfolios across 6 risk tolerance for investors to choose from, including exchange traded funds (ETFs) and equities
  • Seamless sign-on via Mobile banking app
  • Direct funding via OCBC deposit account
  • The highest number and most comprehensive Robo-advisorĀ in the market in terms of portfolio offerings and investment options with 33 new portfolios. Some examples such asĀ China Growth, Gen-Z Winners, US Cloud Computing, Future World, Precious Metal and Impact Investing have been popular with its users
  • Get started with smaller sums as OCBC's Robo allows bite-sized investment amounts starting from just USD$100 - great for individuals who prefer smaller investments like first-jobbers.
  • The percentage allocation to each ETF is determined using OCBC's proprietary optimization algorithm and ETF-based portfolios are rebalanced semi-annually.

Portfolios Offered by OCBC RoboInvest

There are 3 portfolios of varying risk levels to choose from:

  • Very Low - Low Risk
    - Defensive Portfolio (Fixed income 73.88%, Equity 19.72%, Commodity 4.93%, Cash 1.47%)
    - Cautious Portfolio (Fixed income 59.11%, Equity 34.49%, Commodity 4.93%, Cash 1.47%)
  • Medium Risk
    - Balanced Portfolio (Fixed income 49.25%, Equity 39.40%, Commodity 9.85%, Cash 1.50%)
    - Stable Singapore Giants Portfolio (Equity 98.46%, Cash 1.54%)
    - All Weather Portfolio (Fixed income 49.20%, Equity 24.60%, Commodity 24.60%, Cash 1.60%)
  • High - Very High Risk
    - Stable Aussie Giants Portfolio (Equity 98.43%, Cash 1.57%)
    - Stable US Giants Portfolio (Equity 98.55%, Cash 1.45%)
    - Singapore Cash is King (Equity 98.55%, Cash 1.45%)
    - Singapore Stable REITs Portfolio (Equity 98.45%, Cash 1.55%)
    - Growth Portfolio (Fixed income 24.63%, Equity 64.04%, Commodity 9.85%, Cash 1.48%)

Check out more trading options on OCBC RoboInvest's Website

How Does OCBC RoboInvest Work?

OCBS conducts a comprehensive analysis of all ETFs listed in the US, followed by screening for suitable ETFs using various qualitative and quantitative criteria (assets under management, expense ratio, historical performance, liquidity, underlying instruments etc).

The percentage allocation to each ETF is determined using OCBC's proprietary optimization algorithm and ETF-based portfolios are rebalanced semi-annually.

Fees and Charges for OCBC RoboInvest

OCBC RoboInvest charges 0.88% per annum on the total value of your investments.

Additional exchange fees and charges varies depending on the markets and trading channels used to execute the orders. A summary of the exchange fees and charges are as follows:

Exchange

Fees & Charges

OCBC RoboInvest Service Fee

0.88% per year on total value of your investments

Singapore Exchange

  • Clearing Fee: 0.0325% of contract value with a maximum charge of S$9,999 (GST is applicable for Singaporeans and Permanent Residers)
  • Trading Fee: 0.0075% of contract value.

Hong Kong Exchange

  • Stamp Duty: 0.1% of contract value
  • Exchange Fee: 0.077% of contract value

US Exchanges - NASDAQ, NYSE and AMEX

  • SEC Fees (For Sell only): 0.0013% of gross execution proceeds

London Stock Exchange

  • Stamp Duty (For Buy only): 0.5% of contract value
  • Levy: Panel for Takeovers and Mergers (PTM) levy of GBP 1 is applied on buy and sell transactions where the Gross Value of the trade exceeds GBP 10,000

Europe Markets

  • Financial Transaction Tax (For Buy only): 0.3% of contract value for large cap stocks. The full list of the 109 affected Stocks can be found inĀ the official application decree (French)

Summary of the Exchange Fees & Charges

Eligibility: Who Can Use OCBC RoboInvest?

  • OCBC Current OR Savings account holders
  • Have access to OCBC Online Banking
  • 21 years and above
  • Non-US Citizens

Contact OCBC