facebookOCBC RoboInvest Reviews and Comparison - Seedly

Advertisement

Robo-Advisors/OCBC RoboInvest
Robo-Advisors/OCBC RoboInvest
4.0
131 reviews
claimed

Claimed

This product is managed by OCBC Bank.

Summary

Product Page Transparency

  • Claimed in December 2020

Best Robo-Advisor Review 2022:
Is OCBC RoboInvest the Robo Advisor for You?

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

With 37 thematic and risk-based portfolios across 6 markets, OCBC RoboInvest is one of Singapore’s most comprehensive and extensive robo-advisors accessible to everyone. Easily diversify and gain immediate access to various industries, regions and asset classes by investing from as low as US$100 and with minimal effort. Portfolios are carefully monitored, and investors will be notified when opportunities to rebalance arise to better maximise returns.

Whether you’re just starting out or have some experience under your belt, begin investing from as low as US$100, with the option to set up a Monthly Investment Plan (MIP) for selected portfolios.  

...see more

Plans (2)

OCBC RoboInvest Focused Themes

ETFs, Equities, REITs, Precious Metals (e.g. Future World, Impact Investing, Precious Metals)

INSTRUMENTS

0.88%

ANNUAL MANAGEMENT FEE

USD100

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

OCBC RoboInvest Diversified Portfolios (Risk-based)

ETFs, Equities, Bonds, Precious Metals (e.g. Defensive, Balanced, Growth)

INSTRUMENTS

0.88%

ANNUAL MANAGEMENT FEE

USD100

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

OCBC RoboInvest Focused Themes

ETFs, Equities, REITs, Precious Metals (e.g. Future World, Impact Investing, Precious Metals)

INSTRUMENTS

0.88%

ANNUAL MANAGEMENT FEE

USD100

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web and Mobile App

PLATFORMS

Reviews (131)

4.0

131 Reviews

5
41
4
65
3
15
2
3
1
7

Service Rating

User Experience

4.3

Ease of Sign up

4.4

Customer Support

3.9
      Posted 04 Jun 2022

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      It is user friendly and easy to use. It is rather average and would reccommend that you take a look the costs and state out all of it before you make a decision.

      0

      What are your thoughts?

      Posted 18 Apr 2022

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      [Returns Rate] It the worst performance among the 5 investment profile i had tried. Rebalancing does not improve the return. There is also 1-2 hidden cost here and there. Not encouraging to use. No way to recover and can only bill out once the losses is improving.

      0

      What are your thoughts?

      Posted 14 Apr 2022

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      nothing special. just another bank product. Performance so so, not much of market updates or charisma.

      0

      What are your thoughts?

      Posted 05 Apr 2022

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      [Returns Rate] The return so far was not satisfactory and it was even lower than other robo-advisor during the same period [Waiting Time] The processing time was rather fast [User Experience] The UI was not very user-friendly and need some improvement as there were too many click just to go to a page [Investment Method] It was fine [Others] The management fees was rather expensive

      0

      What are your thoughts?

      Posted 04 Feb 2022

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      Good interface but not very upfront. Lose money from dividends taxes without upfront notice. Should be made easier for investors

      0

      What are your thoughts?

      Posted 21 Oct 2021

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      Roboinvest is super easy to use and very friendly. No hassle and easy to signup. A lot of nice portfolios to choose from!

      0

      What are your thoughts?

      Posted 30 Sep 2021

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      Easy for those with OCBC account. Navigation and allocation is easy for beginners and those whom want a fast way to track.

      0

      What are your thoughts?

      Posted 01 Sep 2021

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      They have an interesting array of portfolios, allowing me to invest in what I like. while the management fee is on the slightly higher side, I'm able to invest in the markets im most familiar with, allowing me to control my risks.

      0

      What are your thoughts?

      Posted 30 Aug 2021

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      I tried OCBC RoboInvest after seeing some ad that they have a lot of portfolios. Not bad experience. Dint expect to fund the portfolio so conveniently from the cash account. Looks like they have also done some changes to UI from last year.

      0

      What are your thoughts?

      Posted 15 Aug 2021

      Purchased

      OCBC RoboInvest Diversified Portfolios (Risk-based)

      Although the terms and conditions on their website and in their app promised 3-5 working days for funds to be deposited into bank account after placing sell order, OCBC took 7 working days. What's worse was that they took 6 working days to execute the order and on the 6th working day, the portfolio continued its decline causing me to lose money. I wrote in a complaint but their customer service is poor. Given that they charge the highest fee of 0.88% among all the robos, I expected better. I use Stashaway and Endowus as well and would recommend them over OCBC RoboInvest. Lower fees, better interface, better customer service and shorter processing times.

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      Benefits and Features of OCBC RoboInvest

      • One of Singapore’s most comprehensive robo-advisors in the market with 37 thematic and risk-based portfolios across 6 markets to choose from.
      • There’s a portfolio to match every objective. Explore specific themes: Tech, Real Estate, Healthcare, Consumer goods, etc. OCBC RoboInvest also offers risk-based model portfolios across 6 risk profiles. 
      • Get started with just USD$100, with a monthly investment option for selected portfolios - great for individuals who prefer to start with smaller investments. There is no lock-in period, meaning full or partial withdrawals are permitted anytime and without incurring any charges.
      • Invest conveniently and seamlessly via the OCBC Digital app and direct funding via an OCBC deposit account.

      Portfolios Offered by OCBC RoboInvest

      Choose from 37 portfolios across 6 markets to cater to your investment preference and risk appetite. Find out more on OCBC Robi-Invest website.

      How Does OCBC RoboInvest Work?

      With 37 thematic and risk-based portfolios across 6 markets, OCBC RoboInvest is one of Singapore’s most comprehensive and extensive Robo-advisors accessible to everyone. Easily diversify and gain immediate access to various industries, regions and asset classes by investing from as low as US$100 and with minimal effort. Portfolios are carefully monitored, and investors will be notified when opportunities to rebalance arise to better maximise returns.

      Whether you’re just starting out or have some experience under your belt, begin investing from as low as US$100, with the option to set up a Monthly Investment Plan (MIP) for selected portfolios.

      The percentage allocation to each ETF is determined using OCBC's proprietary optimization algorithm. Portfolios are rebalanced at regular intervals to ensure that they stick to their target weightage and desired risk level.

      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 Residents)

      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): 0.00221% 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

      • France - NYSE Euronext Paris 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 in 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
      • 18 years and above
      • Not available to US Citizens or persons residing in the UK, EU or within the EEA

      Contact OCBC

      • Visit their website for more details on their portfolios, fees and more.

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

      Advertisement