If your account balance is £0, you won’t be charged any fees. In fact, you won’t be charged any fees at all if your balance is under £200.
You can start investing with £1.
Automata charges two simple fees:
If you withdraw all your money or close your account we calculate the fixed subscription fee and the Platform fee on a daily basis for that month and deduct these charges before processing your withdrawal.
Cross-currency exchanges are free on Automata’s web app.
The interbank exchange rate is the dynamic rate at which banks swap currencies between one another. It is a real-time rate, which is why it is constantly changing in our web app and website. We receive these rates from third parties, such as Cross Connect and OFX.
We may not have been around as long as some others, but we feel we’ve gone some way to earning your trust.
We take your data security extremely seriously and adhere to the most rigorous industry standards, including 256-bit, bank-level encryption for the transmission of sensitive financial and personal data. We regularly engage Perspective Risk, global leaders in information security to test and audit our systems.
We’ve been featured in a number of leading industry publications, including Medium’s Daily Digest.
We’re fully backed by leading institutional investors, including the German owned Fidor Bank.
We’re available 7 days a week, 24 hours a day to make sure your experience with us is as enjoyable as possible. With a quick booking, you can even come and visit our HQ.
Automata uses highly-advanced technology and proven quantitative strategies to keep our fees low. These systems allow us to automate much of our investing process, which means we don’t have to pay exorbitant salaries to fund managers. It also means that we can concentrate on customer service.
We take your data security extremely seriously and adhere to the most rigorous industry standards, including 256-bit, bank-level encryption for the transmission of sensitive financial and personal data
Don’t panic! Your app is password protected. Please contact our support team at firstname.lastname@example.org to block your account. Once you’ve recovered your phone or got a new once, just log back in and change your credentials in the profile section.
If you suspect someone is using your account, you can change your password in your profile settings or alternatively contact our support team at email@example.com
Automata does not directly access or store your online login details. This is done through a partnership with Amazon AWS, a global leader in secure technology which has over 30m users worldwide and over 1m in the UK alone. When you enter your online banking details, Amazon AWS communicates with your bank and exports only your transactional data on a read-only basis. When doing this, Amazon AWS specifically excludes account or credit card numbers to further reduce risk.
Login details are immediately encrypted and stored (in encrypted form) by Automata on Amazon AWS in a separate database using multi-layered hardware and software encryption. This is the same technology used by banks and is audited and accredited by the Government.
Automata is also fully compliant with current GDPR data protection laws.
Further information relating to Amazon AWS services can be found in section * of Automata Term & Conditions.
If you have any questions, please get in touch.