What is the best robo advisor in 2020?

What is the best robo advisor in 2020?

Automated investment has been driven by the advent of the Robo-advisor 🤖, which uses algorithms to create and manage a personalized portfolio, based on an investor’s goals and risk preferences. Startups like Betterment, Robinhood, Wealthfront are popularizing the use of Robo- advising for investment. Their growth can be attributed to the ease, speed, and low-cost nature of setting up an investment portfolio on their platforms.

But what is the best Robo advisor 🏆? Does a Robo advisor worth it? Here in this article, we will share with you some of the most relevant features of each Robo advisory company to help you find the best option for your investments.

🔬 As a result of extensive and impartial research, we will list here the best Robo advisors in 2020, taking into account a variety of aspects such as pricing, portfolio, technology, and the quality of the services.

What you can learn ahead 🎓

  • What is Robo-advisor?
  • What are the best Robo-advisor?
  • Better alternatives to Robo-advisors.
  • How to invest automated with AI trading and diversify your portfolio.

What is Robo-advisor 🤖?

Robo-advisors have radically transformed personal finance and wealth management. By reducing costs and simplifying processes, automated investment platforms have captured the previously untapped market of small investors.

Basically, a Robo-advisor is an investment platform that uses algorithms to create and maintain portfolios based on their clients’ investment goals and risk preferences. In other words, they are systems that can invest for you.


Forex Trading

The use of algorithms (as opposed to a human, financial advisor) decreases portfolio management fees and thus improves access to investment opportunities for those that may have not been able to afford a financial advisor. The services offered by these companies have low barriers for potential investors, require modest initial investments, and create personalized investment strategies based on a client’s goals and risk tolerance.

Some Robo-advisors have similar models that differentiate themselves with additional features, such as OpenInvest allowing investors to align their portfolios with their values and the causes they wish to support, for socially responsive and impactful investing.

Regarding the technology used by Robo advisors, there are different approaches. Despite the popularization of algorithms, not all Robo advisors use true Artificial Intelligence (AI) to invest. Here in this article, we cover the difference between robot traders and AI trading, to help you understand how investment firms use different investment systems.

What are the best Robo-advisors 🎖?

Defining the best Robo-advisor is not an easy task. It turns out that, as we mentioned before, there are a variety of factors involved, such as the purpose of the investment, pricing, assets offered, and service. Therefore, before choosing a Robo-advisor to invest in, you must first define why you want to invest. Here, we will share some of the most common reasons for investing through Robo-advisory companies:

With these points in mind, we’ll take a look at some of the most popular Robo advisors and their attributes to find out which one is best for you. Let’s check it out.

Fidelity Go

Fidelity Go is the Robo-advisor division of the Fidelity group, considered the top 3 financial advisory companies in the US. Fidelity Go is an all-digital service that lets you manage a single goal and is the introductory level for Fidelity’s various managed products.

Here is the most relevant information you should know about Fidelity Go.

Initial deposit 💰

  • You can start investing from just $100.

Pricing 💵

  • No management fee for accounts under $10,000.
  • Accounts with balances of $10,000-$49,999 pay a flat subscription of $3 per month.
  • Accounts over $50,000 pay 0.35% per year of assets under management.

Other features

  • Fidelity Spire is a free app aimed at young investors to help them plan for financial goals. It links to Fidelity Go for long-term goals and a cash management account for short-term goals. Users can also link to a Fidelity brokerage account.

Pros 👏 👏🏿

  • Opening an account is simple.
  • Monthly costs are described in detail upfront.
  • Accounts under $10,000 pay no management fee.

Cons ☹️

  • Managing multiple goals requires a separate app, Fidelity Spire.
  • The portfolio contains only proprietary mutual funds.
  • There are no socially responsible portfolio options.
  • They do not provide tax-loss harvesting.
  • There is no offer of margin, loan, or banking services.


Founded in 2008, Betterment is one of the pioneers in the Robo-advisory industry and is one of the first to use technology to recommend a portfolio and automate the investment process.

Here is the most relevant information you should know about Betterment.

Initial deposit 💰

  • You can start investing from just $100.

Pricing 💵

  • Fee of 0.25% (annual) for digital plan,  and 0.40% (annual) for the premium plan

Pros 👏 👏🏿

  • Quick and easy account setup.
  • Portfolios are fully transparent before funding.
  • You can sync external accounts to individual goals.
  • Add a new goal at any time and track your progress with ease.
  • Easily change portfolio risk or switch to a different type of portfolio.
  • Checking and Cash Reserve features offer a two-way sweep.
  • Tax-loss harvesting on all taxable in-house accounts.

Cons ☹️

  • Users of the planning function are constantly nudged to fund a Betterment account.
  • The standard plan incurs a charge of $199–$299 to talk to a financial planner.
  • Socially Responsible portfolios.
  • There is no margin lending, secured loans, or borrowing options against your portfolio.

Charles Schwab

Charles Schwab Corporation is one of the largest and most reputable investment firms in the US.  Charles Schwab launched Schwab Intelligent Portfolios, a Robo-advising product with which investors can build diversified portfolios based on their goals and objectives.

Here is the most relevant information you should know about Schwab Intelligent Portfolios.

Initial deposit 💰

  • You can start investing from $5,000
  • $25,000 for Premium
  • Personalized action plan for a setup fee of $300 plus a monthly fee of $30.

Pricing 💵

  • $0 for accounts under $5,000, underlying ETFs average 0.08% to 0.15% management fees ($300 setup plus $30 per month for Premium)

Pros 👏 👏🏿

  • No management fees up to $5,000.
  • The platform includes a very easy-to-use website and app.
  • A standard account holder can switch to the premium level once the account minimum has been attained.
  • Schwab’s education offerings and library of resources are available to Intelligent Portfolio clients.

Cons ☹️

  • The portfolio is not revealed until the account is funded. Customization options are very limited.
  • The platform requires higher-than-average cash balances.
  • Portfolio contents focus on Schwab-managed ETFs, which do generate fees for Schwab.
  • Little goal-planning help is available.

Vanguard Advisor Services

Vanguard Group is one of the largest mutual funds and exchange-traded funds (ETFs) in the world. Vanguard’s Robo-advisory solution is named Vanguard Digital Advisor. Get to know the most relevant information about them.

Initial deposit 💰

  • To enroll in Digital Advisor, you’ll need at least $3,000.

Pricing 💵

  • Vanguard Digital Advisor starts with a 0.20% annual gross advisory fee to manage Vanguard Brokerage Accounts.
  • Digital Advisor charges an annual net advisory fee of 0.15% across your enrolled accounts, although your actual fee will vary depending on the specific holdings in each enrolled account. That means you’ll pay approximately $15 in fees each year for every $10,000 managed.

Investment options  📈📉

Digital Advisor uses ETFs as its core investments for Vanguard Brokerage Accounts because of their low costs and minimum investment requirements.

» When enrolled, you will receive a personalized combination of the following:

  • Vanguard Total Stock Market ETF
  • Vanguard Total International Stock ETF
  • Vanguard Total Bond ETF
  • Vanguard Total International Bond ETF

Pros 👏 👏🏿

  • Can speak with a financial advisor.
  • Competitive management fee.

Cons ☹️

  • Transaction costs not included.
  • High account minimum.
  • Lengthy setup process.


Robinhood is now one of the most popular Robo-advisory companies in the US. Their claim to fame is that they do not charge commissions for stock, options, or cryptocurrency trading.

Here is the most relevant information you should know about Robinhood.

Initial deposit 💰

  • You can start investing from just $100.

Pricing 💵

  • Robinhood’s low fees and zero balance requirement to open an account are attractive for new investors.
  • Customers must pay at least $5 per month for Robinhood Gold to trade on margin, view market depth data, and access research, such as Morningstar reports on high-volume stocks.

Investment portfolio 📈📉

  • Stocks: Long only. No short selling. No OTCBB (penny stocks).
  • Simple and multi-leg options.
  • Cryptocurrency: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC). Data is additionally available for ten other coins.
  • No mutual funds, fixed income, futures, or futures options.
  • Fractional share trading in nearly 7,000 stocks and ETFs.

Pros 👏 👏🏿

  • Trading costs are very low and cryptocurrency trades can be placed in small quantities
  • Very simple and easy to use
  • Customers have instant access to deposited cash

Cons ☹️

  • Trades appear to be routed to generate payment for order flow, not the best price
  • Quotes do not stream and are a bit delayed
  • There is very little research or resources available
  • There are serious questions about the quality of trade executions.


Wealthfront’s is another very simple and competitive Robo-advisor to consider. Here is the most relevant information you should know about Wealthfront.

Initial deposit 💰

  • You can start investing from $500.
  • The account minimum required to qualify for Stock-level Tax-Loss Harvesting is $100,000 and Smart Beta is $500,000.

Pricing 💵

  • 0.25% for most accounts, no trading commission or fees for withdrawals, minimums, or transfers. 0.42%–0.46% for 529 plans
  • The ETFs that make up most of the portfolios have annual management fees of 0.07%–0.16%.

Extra feature

Clients with more than $25,000 in their accounts can borrow up to 30% of the value of their accounts using Wealthfront’s portfolio line of credit.

Investment portfolio 📈📉

There are 20 different portfolios available based on client risk scores. Wealthfront primarily uses low-cost exchange-traded funds (ETFs) to cover 11 asset classes, not including the cash. The asset classes are:

  • U.S. stocks
  • Foreign stocks
  • Emerging market stocks
  • Dividend stocks
  • Real estate
  • Treasury inflation-protected securities
  • Municipal bonds
  • Corporate bonds
  • U.S. government bonds
  • Emerging market bonds
  • Natural resources

Pros 👏 👏🏿

  • Terrific financial planning that helps you see the big picture.
  • Goal-setting assistance goes in-depth for large goals, such as home purchases and college savings.
  • Portfolio line of credit available.
  • If you have multiple goals, Path shows you the trade-offs you’ll face.
  • Tax-loss harvesting.

Cons ☹️

  • No online chat for customers or prospective customers.
  • Wealthfront carries no excess SIPC insurance.
  • Portfolios under $100,000 are not customizable beyond risk settings.
  • Larger accounts may contain more expensive mutual funds.


OpenInvest is a public benefit corporation that uses digital technology to create portfolios aligned to investors’ values and has attracted a large client base that hopes to invest in companies that benefit the planet and society and divest from companies that potentially cause harm.

Here is the most relevant information you should know about OpenInvest.

Initial deposit 💰

  • You can start investing from $3,000.

Pricing 💵

  • 0.50% (plus an additional 0.22% if you opt for the green bond fund).

Pros 👏 👏🏿

  • Low Investment Fees
  • Ethically Aware Portfolio
  • Tax-Loss Harvesting
  • Voting Rights. You’ll be able to vote in shareholder resolutions for the stocks in which you invest.

Cons ☹️

  • High Required Minimum Balance.
  • Investing in your morals can lead to lower returns in some cases.
  • Customized Portfolios May Not Beat the Market.

Alternatives to Robo advisors 😉

According to JPMorgan, nowadays, 90% of trading is run by computers and algorithms. This means that if you want to invest, you will need equivalent trading tools to compete.  Fortunately, artificial intelligence arrived in the forex market, and now AI trading is replacing robot traders 🤖.

💡📌 A fundamental feature of automated AI trading, compared to simple robot trading or automated trading, is the ability to learn which are the best and worst decisions to be made for a given task and data set.

Wiseinvest’s AI investment solution is the result of years of research and development by specialists in Artificial Intelligence, Finance, and Mathematics, who combined their skills specifically to design the best tools for helping traders invest automated or manually with AI forex signals in the forex market, regardless the experience level.

Why you should consider investing in forex with Wiseinvest’s AI trading ✅

  • Portfolio diversification in forex.
  • 3 times the average returns of S&P500*.
  • You can try our AI for free and with practice accounts.
  • It is efficient and totally hands-free.
  • Invest from anywhere in the world, from just $100.
  • Very simple and quick setup.
  • It is safe and affordable.
  • Integrated with the best brokers.
  • There are no management and performance fees.
  • There is a team of specialists to support you.
  • Learn finance with real leading experts.

Our average annual return over the past 10 years (2011 – 2020) was +43%. You can check our real-time track record by clicking here.

How to invest with AI 💹

Would you like a better solution than Robo advisors? Use AI to invest. There are two ways to invest with our AI in forex:

  1. Automated with AI trading. Check out the 3 steps to trade automated with our AI.
automated trading with ai bot

By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.

Automated AI trading benefits 🏆

  • Invest in forex from just $100.
  • It is automatic, time-saving, and safe.
  • An annualized average return of +42%* over the past 10 years.
  • Setup in 3 minutes.
  • Totally hands-free, from anywhere.
  • Integrated with the forex best brokers.
  • Your capital is protected by the brokers.
  • Test with a risk-free practice account.
  • Up to 60 trades per month.
  • Automatic trades on average every 12 hours.
  • You have full control of your broker account.
  • Fast execution of trades.
  • No commissions, no management fees.
  • Automatic risk-management with low trading exposure of your capital (0.10% up to 0.65% per trade).
  • No MT4/MT5 or other platforms required.
  • Portfolio with 40 different automatic strategies.
  • Trading results directly on our dashboard.
  • Optional free forex signals.
  • Trading alerts by email and Telegram.
  • We have a team of professionals to support you.

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker FXCMClick here to open an account with FXCM.

2. Manually with AI forex signals.

Wiseinvest also provides AI forex signals that perfectly fit into MT4MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.

There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible.

Each AI forex signal alert consists of the following five data points:

  • Symbol (forex pair)
  • Direction (long or short)
  • Position size (number of units or lots)
  • Take profit (price level to exit with maximum gain)
  • Stop loss (price level to exit with maximum loss)

Check out how to trade with our AI forex signals.

  1. Subscribe to a Wise-Plan.
  2. Open a Brokerage account. Check this article about the best forex Brokers.
  3. Set an amount and a position size on our Wiseinvest dashboard.
  4. Our AI will send you real-time trading alerts by email and Telegram.
  5. Copy the signals and paste them into your Brokerage account.

All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.

Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.

You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.

When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here.

What happens after linking a forex broker account with AI trading

  • The AI will automatically invest on average every 12 hours in your account.
  • There will be up to 60 trades per month (Monday – Friday).
  • You can enable and disable AI whenever you want.
  • Check your trades on our dashboard or the brokerage.
  • You can link more than one broker at the same time.
  • You don’t need MT4 / MT5. It’s all on our dashboard.
  • Your capital is protected under the broker.
  • Your personal data is protected by us.

📌 Would you like to try our automated AI trading for free in a risk-free demo account? Get started free here.

Eliminate constant market monitoring and emotions in trading

Our automated AI trading system monitors and take decisions and executes trades based on market movements. So, the need to continuously monitor the market manually during trading hours is not required. Also, when using AI to trade forex, you will put aside any trading mistakes caused by emotional interference. It turns out that forex trading is an activity that requires impartiality and cold emotions, and most people lose money on Forex due to anxiety and impatience. With AI trading, you won’t have that kind of concern.

How much do I need to trade forex with AI?

You can start in forex trading with free AI forex signals or AI trading from just $100 through some of the best forex brokers. It is moreover possible to test using a risk-free demo account with our AI trading structure. Regardless, to do a capable peril, the board in authentic records, we suggest you start from at least $100.

What is the best forex broker to use AI trading?

To define which forex broker you should choose for using our automated AI trading, it is important to consider the following aspects.
  • Where are you from? FXCM accepts accounts from some countries, but does not accept forex trading accounts from the USA.
  • How much do you have?  FXCM is ideal if you start at least $100.
  • FXCM sometimes provides higher liquidity volume and lower spreads than other brokers, which are vital aspects of the success in forex trading. But it can also vary.
We are confident that FXCM is among the top 5 best forex brokers in the world and our AI trading works perfectly with them. Then, we suggest you take your final decision taking into account where you are and how much you have.
If you are considering trading with our manual AI forex signals, we would also like to suggest XTB, which is one of the best forex brokers in Europe.

Why trust Wiseinvest instead of other trading solutions

These are the main reasons why forex traders at all levels trust us, rather than other trading solutions.

  • Our automated AI trading is efficient, simple, safe, and affordable. You do not need MT4 or other complicated platforms to trade forex.
  • We are a legitimate and reliable company with extensive experience in finance. We combine 19 years of trading experience and extensive academic research in the financial markets.
  • Our AI outperformed the investment market with an average annual return of 43% over the past 10 years (2011-2020).
  • The automated AI trading works with some of the best forex brokers.
  • When using our AI solutions, all your money is protected by brokerage firms.
  • We do not have access to withdrawals from our customers’ accounts.
  • All of your data is encrypted and will never be shared.


  • Robo-advisors have several features that appeal to tech-savvy millennials and small retail investors.
  • By excluding human brokers and financial advisors, automated investment platforms greatly reduce commissions and advisory fees. Their online portals are accessible and user-friendly, and mobile apps allow customers to monitor their investments and have their questions answered without speaking to a consultant.
  • Despite the popularity of Robo-advisory firms, AI is the next-generation technology that is quickly changing industries and has now arrived in retail forex trading.
  • Artificial Intelligence has gained traction among traders and it is now the new generation of systems to trade forex.
  • Due to its ability to evaluate scenarios, learn quickly, adapt and make the right decisions or give accurate suggestions for decision making, AI can be a very powerful predictive tool in forex trading, if implemented correctly.
  • Wiseinvest provides helpful AI trading solutions to invest in forex. You can trade automated through the best forex brokers with AI trading or manually with AI forex signals in the forex broker of your choice.
  • You can get started with free AI forex signals and use a risk-free practice account.
🤝 We are engaged in democratizing the retail forex trading market through AI solutions. We work hard to provide financial education, allow anyone in the world to invest easily with Automated AI trading and free AI forex signals. Our AI platform is integrated with AWS, IBM Watson, and Google AI.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.