Citi Self Invest is a personal investment account provider that was set up in 2021 from within Citigroup Inc's personal wealth management umbrella. The company is dedicated to providing retail traders with simple, effective tools and facilities to achieve long-term financial goals through investments in the financial markets. Citi Self Invest is regulated by the SEC.
Vanguard is a US-headquartered brokerage with 50 million clients globally and $8+ billion in assets under management. The brands offers investing in stocks, mutual funds, bonds, ETFs and options with low fees. The trusted broker is regulated by the SEC, FINRA and FCA.
Comment by Reviewer
"We think Citi Self Invest is great for anyone looking to make long term investments for large-scale capital growth or passive income generation."
"We recommend Vanguard for long-term investors looking for managed accounts and self-directed trading opportunities. Fees are competitive, with zero-commission stock and ETF trading."
Pros
Easy to manage, move and transfer funds between Citi banking accounts
No minimum balance requirement for the Self Invest profile
Regulated by SEC with SIPC membership
Self invest or managed account options
Commission-free trading available
New investment account bonuses
Simple and sleek mobile app
ESG investing solutions
In-built Learning Center
Trusted since 1975 with strong regulatory oversight in the US and UK
Retirement and ISA accounts available alongside traditional investing solutions
Fully managed accounts providing a hands-off approach to investing
Excellent education and user guides compared to alternatives
Competitive fee structure with a 0.15% account fee
Commission-free stock and ETF trading
Well-designed mobile app
ESG funds available
Cons
Deposits and withdrawals via bank wire transfer only
No forex, futures, or crypto trading instruments
Leveraged trading not available
No demo account
US clients only
Limited payment methods - credit cards, cheques and e-wallet are not supported
High minimum investment amounts, including $3000 for the majority of mutual funds
No demo account available to practise trading risk-free
