OCBC RoboInvest Reviews and Comparison - Seedly
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OCBC RoboInvest

  • Overview
  • Reviews (115)
  • Questions (0)
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Robo-Advisors/OCBC RoboInvest
Robo-Advisors/OCBC RoboInvest

OCBC RoboInvest

4.1
115 reviews

USER RATINGS

User Experience

4.3

Ease of Sign up

4.4

Customer Support

4.0

OCBC RoboInvest

0.88% p.a.
PRICING
$1,500
MINIMUM INVESTMENT
Web and Mobile App
PLATFORMS

    OCBC RoboInvest

    0.88% p.a.
    PRICING
    $1,500
    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 has 31 thematic portfolios across 6 different markets to match every risk appetite.

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 (115)

4.1

115 Reviews

  • 5
    38
  • 4
    62
  • 3
    10
  • 2
    2
  • 1
    3

Read Review About...

Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 3w ago

    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.
    2 comments
    1
    Wei Ming Tan
    Wei Ming Tan

    6d ago

    Which other platform may I ask?
    Ivan H H Tan
    Ivan H H Tan

    5d ago

    DBS' digiPortfolio has delivered for me a gain of 9.3% during the same period.
  • Updated 3w ago

    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 comments
    0
  • Updated on 16 Jun 2020

    Purchased

    OCBC RoboInvest

    Stay away from OCBC Roboinvest. Highly user unfriendly and restrictive. 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 Overall, I'd recommend all to try other investment platforms instead.
    0 comments
    2
  • Updated on 06 Jun 2020

    Purchased

    OCBC RoboInvest

    Invested in their 'Cautious' portfolio in july19 and currently I see a return of 7.5% post 0.88% of charges.
    0 comments
    0
  • Updated on 29 May 2020

    Purchased

    OCBC RoboInvest

    I've used OCBC RoboInvest for over 1 year. The 0.88% platform fee is exorbitant and really eats into your results. My portfolio trailed the benchmark index for most of the period. Platform itself is laggy and the email OTP takes forever to arrive. Also, 5 working days to withdraw money is ridiculous. I'm still waiting for my money to arrive after I finally gave up and stopped using the platform a few days ago. Much better off just buying a low-cost index ETF with fees less than 1/10 of what they charge.
    0 comments
    0
Questions (0)
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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%)
    - Australian Financials Portfolio (Equity 98.45%, Cash 1.55%)
    - Hong Kong Property Portfolio (Equity 98.40%, Cash 1.60%)
    - Mainland European Technology Portfolio (Equity 98.50%, Cash 1.50%)
    - UK Financials Portfolio (Equity 98.48%, Cash 1.52%)
    - Stable US Healthcare Giants (Equity 98.56%, Cash 1.44%)
    - Aggressive Portfolio (Fixed income 14.78%, Equity 68.97%, Commodity 14.78%, Cash 1.47%)
    - Mainland Europe Financials Portfolio (Equity 98.50%, Cash 1.50%)
    - US Tech Leaders Portfolio (Equity 98.55%, Cash 1.45%)
    - Resurgent Industrials Portfolio (Equity 98.55%, Cash 1.45%)
    - Australian REITs Portfolio (Equity 98.46%, Cash 1.54%)
    - Yummy Portfolio (Equity 98.56%, Cash 1.44%)
    - US Rising Rates Portfolio (Equity 98.56%, Cash 1.44%)
    - Dogs of the Dow Portfolio (Equity 98.50%, Cash 1.50%)
    - Hong Kong Consumer Portfolio (Equity 98.45%, Cash 1.55%)
    - Stable US Consumer Giants Portfolio (Equity 98.56%, Cash 1.44%)
    - Stable US Industrial Giants Portfolio (Equity 98.55%, Cash 1.45%)
    - Hong Kong Technology (Equity 98.49%, Cash 1.51%)

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

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