Moka is a modern and simple approach to investing, designed to keep you on track to your future with an easy-to-use managed portfolio. By following the S&P 500, your money is taken care of by experts without all the complication of hands-on investing. You'll also help make a positive impact on the environment, thanks to automatic contributions to forest restoration projects.
Moka is a part of INTELLIGENT INVESTING, an complete investment system. Instead of charging you a percentage of your investments, you're charged a flat fee of $20 a month. Your membership also gives you access to a self-directed investment platform and fiscal.ai, an investment research platform to help you analyze the market.
What you get with Moka
Here's an overview of all of Moka's unique features.
Verified on September 9, 2025
Why You Want It
Auto invest in your future with expert-approved portfolios + Low monthly fee.
Special Features
- Passively invest in your future and the environment
- Easily follow expert-approved investment strategies
Eligibility
- Age of majority
Provinces
ALL
Features
Types Of Accounts
- Non-registered
- TFSA
- RRSP
Minimum Investment
$0
Minimum Balance For Minimum Fee
$0
Minimum Deposit To Cover Transfer Fee
$15,000
Socially Responsible Investing Options
Email Support
Live Chat Support
Phone Support
Average MER
0.24%
Minimum Fees
N/A
Maximum Fees
$20 a month
Cover Transfer Fees?
Maximum Covered Transfer Fee
$150
Promotion
N/A
Promotion End Date
N/A
Our rating for Moka: 3.3 stars
Moka is certainly an interesting product, with plenty of innovative features you probably haven't seen before. If you're looking for a no-brainer way to invest, this is it.
But Moka doesn't have some of the more robust features you would expect to find on other investment portfolio services, like tax-loss harvesting. They also currently don't have a promotion to reel you in.
Rating methodology
To evaluate robo advisors, we analyze over 20 data points to generate a trustworthy Genius Rating. We consider all aspects of a robo advisor, including fees, investment options, minimum investment amount, access to support, perks, customer satisfaction, and promotions, to assess its overall value. Then, the robo advisor’s features are rated based on how they stack up against other available options.
Learn more about our rating methodology.
What's good about Moka
Here's a look at the main things to get excited about when it comes to the Moka app.
Pros
Set up recurring deposits to boost your account
You can set up recurring deposits to add funds to your account without having to even think about it.
Easily follow expert-approved investment strategies
Since your money is deposited into a robo advisor that tracks the S&P 500, you'll automatically be following the advice of some of the top investment professionals in the business. And you never have to worry about picking individual stocks yourself, it's all done for you.
Automatically do your part for the environment
Every new Moka Member means a new tree is planted, and you get to plant a new tree every month.
What to watch out for with Moka
And of course, there are a few things to keep in mind as well.
Cons
Be aware of MER fees
On top of the $20 monthly fee, you should also be aware of the MER that the ETF investment portfolio will cost you. For a normal account, these are between 0.09% and 0.39%. These are pretty low fees comparatively, but should still be kept in mind.
Transfer fees up to $50 on RRSP withdrawals
If you open an RRSP account with Moka and have to withdraw your funds, you'll pay $25 for a partial withdrawal and $50 for a full withdrawal. This is pretty standard, but still good to keep in mind. The good news is they don't have withdrawal fees for the non-registered or TFSA accounts.
Best alternatives to Moka
Check out how the innovative Moka app compares to other investment portfolio services on the market.
 |  |  |  | |
|---|---|---|---|---|
| Account | Moka | Justwealth | Wealthsimple managed investing | RBC InvestEase |
| Genius Rating | ||||
| Why You Want It | Auto invest in your future with expert-approved portfolios + Low monthly fee. | Low MER and account fees + Work with a personal portfolio manager. | Get Apple Products with transfers in + Set-it-and-forget-it simplicity. | Get a professional investment portfolio + Low $100 minimum investment. |
| Types Of Accounts |
|
|
|
|
| Minimum Investment | $0 | $5,000 | $0 | $100 |
| Minimum Balance For Minimum Fee | $0 | $500,000 | $10,000,000 | N/A |
| Minimum Deposit To Cover Transfer Fee | $15,000 | $25,000 | $25,000 | $15,000 |
| Socially Responsible Investing Options | | | | |
Show More | ||||
| Open an account See more Moka products Compare | Open an account See more Justwealth products Compare | Open an account See more Wealthsimple products Compare | Learn More See more RBC products Compare |
Moka frequently asked questions
What is Moka?
Moka is a robo advisor that helps you automate investing into a professionally managed investment portfolio. This portfolio follows the S&P 500 in order to aim for the most reliable return possible.
Is Moka legit?
Yes, Moka is a legitimate investment app, though recent reviews on the appstore are not very positive. You may want to check the reviews before downloading Moka.
Does Moka have fees?
Yes, Moka has a flat fee of $20 a month. Though it doesn't take a percentage of your trades, certain ETFs will still charge you fees, independently of Moka.
Is Moka better than Wealthsimple managed investing?
While Moka may charge less fees if your investment portfolio is large enough, Wealthsimple managed investing is more highly-rated, offers more reliable support, and has a much larger user base.
Are Moka and Mylo the same company?
Mylo was rebranded to Moka in July 2020, so they are the same company.
How does Moka invest my money?
Your automatic contributions will be invested into a portfolio that follows the top 500 companies, tracked by the S&P 500 index.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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