Robo advisors are the happening thing on the Malaysian investment scene right now. Naturally, everyone will want to cash in on the incredible opportunities to offer. You’ll likely be skeptical about which Robo advisor to trust with your money, so to help you; we reviewed MyTHEO, one of the leading service providers in this space. Here’s all you need to know!
MyTHEO – An In-Depth Breakdown
This provider was one of the first Robo advisors to launch in Malaysia and garnered a lot of attention when the brand opened its doors. As the second player Malaysia Robo advisors, this Japanese-based company didn’t waste any time making its presence felt. Below are some ways we noticed that MyTHEO outpaced many of its counterparts:
It Has a Reasonable Starting Capital Fee
One thing that made this Robo advisor a lot easier for us to check out was its RM 100 minimum starting capital. This price tag particularly appealed to our team of analysts because of the perfect balance it helps an investor achieve; it positions you perfectly to increase your profits while simultaneously reducing what you stand to lose.
It Has An Extensive Array Of ETFs To Choose From
The first rule of intelligent investment is diversification, and this platform gives you all the resources you need to practice it in the most profitable ways possible. With more than 26 highly promising ETFs to choose from, you have more options here than you’d typically get with most other Robo advisories currently operating in the country.
It Offers Better Returns
What investor doesn’t like more profit on their investment? This Robo advisor ensures you get more diversified risks and increase your portfolio with less hassle.
It Offers Fast and Effective Protection in the Event of a Market Slump
We noticed that this platform was also more effective than most in being proactive and securing investments in the face of a sudden market slump. This feature can go a long way in protecting your precious funds if the unexpected happens. Their data protection features were also quite impressive. These are a few things we wish were different.
To start with, we mentioned that this was a Japanese-based company earlier. Perhaps due to this, it contains many Japanese investments, a significant portion of which aren’t detailed or explanatory enough. Because of this, the risk of leveraging such assets is nearly impossible to gauge. Also, the fees that this Robo advisor charges for its services are a little higher than we’d like, especially compared to some of its competitors.
Final Verdict
While MyTHEO is not perfect, the fact remains that it has a lot of good things going for it. With superior diversity, efficient protection capabilities, and maximum exposure to many different and exciting stock markets, we believe it’s a great place to invest your money.