GET £20 FREE WHEN YOU SIGN UP TO THE WOMBAT APP!

Isobel Lawrance 30th Nov 2021 No Comments

Reading Time: 4 minutes

Do you ever think about investing, but you aren’t quite sure where to start? You definitely aren’t alone. Investing can seem daunting, and it can be difficult to know how to go about it. Enter Wombat, the app that allows you to invest easily and efficiently.

With a lot of people admitting their reluctance to invest comes from the investment process being too complicated, Wombat was born with the mission to make investing quick and easy for everyone.

If you want to get a taste for investing then why not try starting with Wombat? The sign up only takes five minutes, so you can do it on the bus, in your lunch break, or even whilst the kettle is boiling.

Plus, Wombat are giving all new users £20 when they open an investment account. Be quick, though – this is a limited time offer!

How does it work?
What does it cost?
Why choose wombat?
Keeping your money secure

How does it work?

With Wombat, you will be able to invest in a wide range of theme based funds. Investments are grouped into themes via Exchange Traded Funds (ETFs). An ETF is a pre-made basket of stocks and shares that trade on the stock exchange

There are plenty of themes to choose from, depending on your personal preferences and interests. So, if you aren’t sure what to invest in, you can invest based on what you know and love, or even branch out into the unknown.

Some of the Themed Funds include food, gaming, AI technology, healthcare and women in power. There are plenty to choose from, so you are bound to find something which tickles your fancy.

You can also invest in some of the biggest global shares, from as little as £10 as a starting investment. This means you are able to choose from your favourite brands, with names including Netflix, Microsoft and Apple available for you to invest in. You could even invest in your favourite football team, restaurant or supermarket.

With automated investment options, you can invest without having to do anything yourself. You can round-up your spare change, create instant deposits or even set up a monthly recurring direct debit to go into your chosen investments. Wombat really does do the hard work for you.

What does it cost?

Wombat is different from its competitors, as there are no trading fees across the board (FX fees may apply).

Wombat will charge just £1 per month, with a 0.1% platform fee.

So, if you had a portfolio of £1,000, your annual fees would be just £13 per year! There are costs to take into account, however, but these are also small, and would add between 70 pence and £7.50 a year on the same investment. Again, a small price to pay for such a brilliant service to dip your toe into the investing waters.

Their current offer to receive £20 for free when you sign up will cover the cost of your subscription, plus a free investment!

Why choose Wombat?

Aside from the huge choice Wombat offers, in the 26 Themed Funds and 42 shares you can choose from, it is backed by UK growth-stage investor Fuel Ventures and prolific FinTech angel investor, are also both advisors supporting the high growth of the Wombat app.

Wombat’s success also speaks for itself. With over 190,000 app users and 14% month-on-month growth, it was named the fastest growing investment app throughout the pandemic by AppRadar. With the app only being established in 2019, in just two short years Wombat has grown exponentially.

Wombat also strives to give the best to their users. The website’s Learning Hub is home to a huge collection of articles about investing. From articles going over the basics and bitesize tips and tricks to advanced investing and in depth information, it hosts everything you need to kickstart and maintain your investing career.

Keeping your money secure

It is also important to note that Wombat is an appointed representative of P1 Investment Management Limited, which is authorised and regulated by the Financial Conduct Authority (FCA). Your money may be protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). This means that in the event our principal firm is declared to be in default and cannot meet their obligations, you may be able to claim compensation. Please be aware that this does not cover any fall in the value of your investments.

You can also rest easy knowing Wombat adhere to the most rigorous of industry standards. This includes 256-bit, bank-level encryption, so your sensitive financial and personal data are safe.

Investing is for everyone!

Get started with Wombat, and build your future. Sign up today and get £20 free to invest with.

When investing, your capital is at risk. This is not intended to be construed as investment advice.

Customer support is available 7 days a week. Feel free to reach out at [email protected].

Please note this is a paid piece from Wombat

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.