Nalo Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- €500
- Web platform
- No
- No direct trading of securities
Our Evaluation of Nalo
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Nalo is a broker with higher-than-average risk and the TU Overall Score of 3.67 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Nalo clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Nalo builds investment strategies tailored to the client’s specific goals, such as retirement, real estate purchase, or children’s education. An individual portfolio with a corresponding risk level and investment horizon is built for each goal. This approach allows for more precise capital management and increases the likelihood of achieving financial objectives.
How we tested Nalo
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Nalo
Nalo, an insurance broker and financial investment advisor, has been registered with the French regulator ORIAS (Organisme pour le registre des intermédiaires en assurance) since 2016. The company focuses on financial consulting and investment management within life insurance, creating personalized investment strategies based on client goals. Nalo does not directly manage funds but acts as an intermediary between the client and the insurance company, providing independent recommendations. Nalo’s model is primarily oriented towards capital accumulation, but it can be configured for passive income. Services are available to French tax residents, including those in European Union countries.
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- Personalized investment management based on client goals;
- Use of index funds (ETFs) to reduce costs and risks;
- Automatic portfolio adjustment to required timeframes and risk levels;
- No entry or exit fees;
- Access to educational materials, including online courses, video tutorials, and webinars;
- Transparent fee structure with the possibility of reduction with increased investments;
- ORIAS registration since 2016.
- Clients cannot manage investments independently;
- Minimum investment amount is €500-1000 depending on the chosen plan;
- No mobile application for investment management.
TU Expert Verdict
Chief Analytics Officer
Nalo is an insurance broker and financial investment advisor registered with ORIAS since 2016 that offers personalized investment strategies through life insurance and retirement contracts for French tax residents. Clients can invest in index funds, such as ETFs, with portfolios tailored to individual goals including retirement and real estate. Investments are managed entirely by Nalo in cooperation with licensed advisors, using a web-based platform and featuring automated portfolio adjustments. No entry or exit fees apply, and fees may decline for portfolios above EUR 250,000, with transparent charges stated from 0.85% to 2% depending on plan and investment size.
Drawbacks include that clients cannot manage portfolios directly, a minimum investment of EUR 500 to EUR 1,000 is required depending on the plan, and there is currently no mobile application for portfolio management. Nalo may not be suitable for active investors seeking direct security trading or those who prefer lower entry thresholds and greater account flexibility.
Nalo Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Web platform |
|---|---|
| 📊 Accounts: | Assurance Vie (Nalo Patrimoine, Nalo Flex), PER (Plan d'Épargne Retraite) |
| 💰 Account currency: | EUR |
| 💵 Deposit / Withdrawal: | SEPA bank transfers |
| 🚀 Minimum deposit: | €500 |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | 1.1-2% of the portfolio size |
| 🔧 Instruments: | Investments through insurance, retirement plans |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | N/a |
| 📱 Mobile trading: | Via web browser |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: | No direct trading of securities |
| 🎁 Contests and bonuses: | Yes |
Nalo offers a range of digital services and tools designed to simplify and personalize the investment process for clients. For example, goal-based investing allows for the creation of separate portfolios for each of the client’s financial goals, such as real estate purchase, insurance, or retirement. Automated portfolio management provides the ability to entrust investment management to Nalo professionals, who adapt the strategy to market conditions and the client's individual goals.
Nalo Key Parameters Evaluation
Trading Account Opening
Prospective clients must simulate a portfolio to initiate investing with Nalo. Follow these steps:
Complete an assessment and answer a series of questions regarding investment objectives and available capital. The assessment process is started by selecting “Simuler mon projet.”
Answer the questions of the questionnaire.
Choose the plan. When selecting an investment period of over 10 years, a Nalo Flex portfolio is automatically created.
After providing all the required data and uploading documents, the client’s account is activated within 5 days.
Is Nalo Safe?
Nalo is registered with ORIAS (Organisme pour le registre des intermédiaires en assurance) under number 16002555. It is also a member of ANACOFI-CIF (Association Nationale des Conseillers Financiers) under number E008433 – a professional association approved by the AMF (Autorité des Marchés Financiers), which oversees financial markets in France. In addition, Nalo’s activities are supervised by the ACPR (Autorité de Contrôle Prudentiel et de Résolution), the body responsible for the prudential supervision of financial institutions.
Advantages
- Multi-layered regulation ensures a high level of supervision and transparency
- Client funds protection with coverage up to €70,000 in case of insolvency
- ANACOFI-CIF membership confirms compliance with high standards of financial consulting
Disadvantages
- No licenses for providing a broader range of investment services
- No direct access to securities trading limits active investor options
- Investment protection through third-party insurance companies
Commissions and Fees
Nalo’s fees vary by product type and investment amount. For life insurance investments through Generali Vie, the total annual fee on the invested portion of the portfolio is 1.65%. This includes 0.55% for Nalo’s management, approximately 0.25% for internal ETF costs, and 0.6% in insurance company fees. For investments of €250,000 and above, Nalo’s fee can be reduced to 0.3–0.4%, resulting in a total annual rate of approximately 1.1%. The fee for investments in Nalo Flex ranges from 0.85% to 2%.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Nalo Patrimoine | 1.1% | Yes |
| Nalo Flex | 0.85% | Yes |
There are no hidden fees, entry or exit fees.
The table below compares Nalo’s fees with those of other brokers. Nalo’s fee was calculated using the broker’s website calculator, with an investment amount of €1,000.
Account Types
Nalo does not offer a universal “investment account” like traditional brokers. Instead, all investments are made through insurance or retirement contracts provided by partner companies. These contracts act as Nalo's investment accounts.
PER (Plan d'Épargne Retraite): A retirement savings plan for retirement planning. It is versatile and adaptable to different client profiles and goals. This plan, offered through the Apicil insurance company, incorporates investment, tax benefits, automatic risk management, and a transition to stable assets as retirement approaches. Its individual customization (return, risk, goals, term) makes subtyping unnecessary.
Account types:
Deposit and Withdrawal
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Available withdrawal methods: Funds are transferred to a bank account specified by the client when opening the contract.
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Application processing time: Applications are processed within 3–5 business days of submitting the request.
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Funds transfer time: After processing, funds arrive in the client’s bank account within 1–3 business days.
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Withdrawal fees: Nalo does not charge any withdrawal fees. Fees may be charged by the insurance company or the receiving bank, depending on the contract terms and the bank’s fee schedule.
Investment Options
Nalo offers a modern approach to personal finance management, combining technology, convenience, and long-term investment strategies. The company’s solutions are based on automated investment management, focused on client goals and cost reduction.
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Discretionary management (gestion sous mandat). Clients delegate investment decisions to the company’s experts. This allows the portfolio to automatically adapt to market conditions and investor goals without constant client involvement. This approach saves time and reduces risk, particularly for those who prefer not to manage investments themselves.
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Passive management. Investments in Nalo are based on index funds (ETFs), mirroring market performance. This approach reduces fees and risk while providing stable long-term capital growth. Clients access diversified portfolios with minimal costs and without the need for active management.
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PER (Plan d'Épargne Retraite). A retirement savings plan designed for retirement preparation with tax benefits. It allows individuals to contribute to an investment portfolio, managed until retirement, after which the funds can be accessed as regular payments or a lump-sum withdrawal.
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Nalo Gestion Privée. A premium service for clients with assets under management from €250,000. It provides personalized support, including analysis of the client’s financial situation and access to a network of vetted experts: lawyers, tax advisors, real estate specialists, etc. The service is free – without annual fees or additional commissions.
Partnership program from Nalo
Nalo offers two programs to attract new clients, each providing bonuses for both existing and new users:
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Nalo Ambassadeur. Both the referrer and the referred receive a management fee waiver for three calendar months following the new client’s initial investment. The maximum bonus is €500 per referral. This program does not apply to clients who have opened a PER retirement plan.
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Nalo Partenaire. New clients who join through partner websites receive a similar management fee waiver for three months after subscribing. The maximum bonus is also €500.
Both programs allow existing clients to reduce their investment management costs.
Customer Support
A 30-minute telephone consultation with a personal advisor can be scheduled using the online Calendly calendar. Telephone support is available Monday to Friday, 9:00 AM to 7:00 PM (GMT+2).
Advantages
- Various communication channels
- Support via online chat
Disadvantages
- No 24/7 access to advisors
Available communication channels:
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Email;
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Chat on the website;
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Phone;
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Video conference.
Contacts
| Registration address | 10 rue Penthièvre 75008 Paris |
|---|---|
| Regulation | ORIAS, AMF, ACPR |
| Official site | https://www.nalo.fr/ |
| Contacts |
01 84 80 28 99
|
Education
Nalo provides various educational materials designed to enhance clients’ financial literacy. These include online courses, videos, webinars, and a glossary of financial terms.
Nalo Académie also offers online courses on life insurance, pension planning, family budget management, and basics of investing.
Detailed review of Nalo
Nalo has been registered with ORIAS since 2016 as an insurance broker and financial investment advisor (CIF). This registration allows it to offer life insurance with an investment component and retirement plans (PER), as well as to advise clients on asset allocation, investment strategies, and long-term financial planning. All solutions are implemented through selected insurance contracts (e.g., from Generali Vie and Apicil), within which client funds are invested in diversified portfolios of ETFs, SCPIs, and other financial assets, tailored to personalized investment goals and timeframes.
Nalo by the numbers:
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Registered as an insurance broker and financial investment advisor in 2016;
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Operational since 2017;
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Minimum investment amounts: €1,000 for Assurance Vie and €500 for PER;
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Portfolio profitability for the period 2019–2023 range from 9.9% to 65.3%.
Nalo — an innovative platform for managed investing
Nalo does not offer direct securities trading, as traditional brokers do (e.g., for manually buying individual stocks or ETFs). Instead, Nalo provides automated investment management through life insurance, where the investor invests funds in a range of pre-selected products. These products include life insurance investments, ETF portfolios, real estate ventures, and algorithmic management.
Nalo client funds are invested in major French groups Generali Vie and Apicil and are protected under French law. Generali Vie manages life insurance contracts, while Apicil manages retirement plans. In the event of an insurance company’s insolvency, investor funds are protected by the FGAP (Fonds de Garantie des Assurances de Personnes) up to €70,000 per client.
Useful services offered by Nalo:
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Interactive calculator: Calculate potential investment returns based on amount, goal, and investment period.
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Blog: Articles on financial planning, taxation, investment strategies, and market news.
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Webinars: Experts answer questions, analyze case studies, and share practical capital management recommendations.
Advantages:
Collaboration with major insurance companies Generali Vie and Apicil;
Premium Nalo Gestion Privée service for clients with assets under management from €250,000;
Tax-advantaged PER retirement plan;
Option to transfer existing PER retirement accounts to Nalo;
Regular webinars and blog publications to enhance clients’ financial literacy
Nalo facilitates investing according to ESG principles, allowing for the alignment of profitability with a commitment to environmental, social, and corporate governance considerations.
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