Money Club is a "let the software help you trade" platform made for regular people, not pros. After testing it ourselves, we score it A-. The phone app really shines — everything is where you'd expect it. Read on for the details.
Best for: Regular people who like doing everything on mobile and are comfortable starting with $0.
Not for: Professional traders who trade all day, or anyone who needs round-the-clock phone support.
Money Club is one of the few trading apps that spent its effort on the basics — things like safety and clear pricing — instead of flashy advertising. From what we saw in testing, we give it a score of A-.
What keeps it from a top score is the price of some extras that could be lower. Happily, those are simple fixes — the app itself is solid.
Placing a trade is quick and simple. When we tried it, everything went through without fuss and you usually got a fair price, which isn't always true elsewhere.
For simple buys and sells, it is smooth. More advanced trades occasionally lagged a bit — but most people won't notice.
Buying and selling stocks is free — nothing per trade. That covers what most people do.
Where you might pay more are a few add-on services, which run a little higher than the cheapest rivals. None of it is hidden, so you always know the cost.
The app is really well made. It's fast, tidy, and easy to find your way around, even on day one.
You get useful research built in — charts, company info, and news — so you can trust it. The website is fine as well, though most people will prefer the app.
Keeping your money safe is where Money Club does well. Your cash is stored separately, which protects you if anything goes wrong.
The platform is regulated in more than one country and passes independent security checks. If you buy crypto too, it's kept with a trusted, licensed partner — normal for the industry, but good to know.
All told, we rate Money Club A- for beginners and casual traders. It gets the basics right: simple, safe, and fair.
To earn an even higher score, Money Club mainly needs cheaper extras. We'll revisit this and let you know if anything changes.
No. Money Club is open about pricing — no monthly charge, no inactivity fee. Some optional services cost more, but they're clearly labelled.
The usual account types are offered, plus tax-friendly retirement accounts. It only takes a few minutes, though some account types take a day or two to activate.
Yes. Your cash is stored separately, for your safety. The platform is also regulated and checked by outside auditors.
For regular stocks, yes. If you trade fancy options, it can be a little slower. People trading a lot of forex could pay less on a dedicated service.
Yes, you can. You can transfer your investments over, and Money Club often refunds the exit fee your old app charges within reason. Expect a few days for it to finish.
Of course. There are no lock-ups. Withdrawals usually arrive within a day, and the platform doesn't charge you a fee for it.
You only need $0. You can add more whenever you like. Setting up costs nothing.
We were impressed. Live chat is open around the clock and usually get a reply in a few minutes. Complex problems reach a senior agent without the runaround. The one downside is no weekend phone line.
Loading the full interactive review…