Software Alternatives & Startups

Ghostfolio VS Simple

Compare Ghostfolio VS Simple and see what are their differences

Ghostfolio

Open Source Wealth Management Software

No screenshot yet
Rating
0 reviews
Simple

Simple is reinventing personal banking with modern online and mobile experiences, no surprise fees...

Simple Landing page
Rating
0 reviews

Which is more popular?

Based on our record, Simple seems to be more popular. It has been mentioned 4 times since March 2021.

social mentions
0 vs 4
Finance popularity
47% vs 53%
alternatives listed
98 vs 240+

Base details

Website, pricing, platforms and company facts side by side.

G
Ghostfolio
Simple
Website ghostfol.io simple.com
Listed in

Features and specs

What each product offers, as listed by its team.

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Ghostfolio 4 features
Simple 5 features
  • Privacy-centric
    Ghostfolio places a strong emphasis on user privacy, ensuring that your data is not shared or sold to third parties.
  • Open Source
    Being open source, Ghostfolio allows users to review, modify, and improve the code, fostering transparency and community engagement.
  • Comprehensive Portfolio Management
    The platform supports a wide range of assets including stocks, ETFs, and cryptocurrencies, providing a holistic view of your investments.
  • Self-hosted
    Users have the option to self-host the application, granting more control over their data and infrastructure.

Possible disadvantages

  • Technical Setup
    Self-hosting requires a certain level of technical expertise, which can be a barrier for non-technical users.
  • Limited Support
    As an open-source project, Ghostfolio may not offer the same level of dedicated customer support as commercial portfolio management tools.
  • Community Reliance
    The project relies on community contributions for updates and improvements, which may result in slower development and fewer features compared to commercial products.
  • User-Friendly Interface
    Simple offers an intuitive and straightforward interface, making it accessible for users who may not be tech-savvy.
  • No Hidden Fees
    Simple is transparent about fees, such as not charging for overdrafts or maintaining a minimum balance, which can save users money.
  • Innovative Budgeting Tools
    Tools like 'Safe-to-Spend' and 'Goals' help users manage their finances more effectively by visually representing their spending power and saving goals.
  • Excellent Customer Service
    Simple has a reputation for responsive and helpful customer service, which can be reached via multiple channels, including phone, email, and social media.
  • FDIC Insured
    Deposits are insured up to $250,000 through a partnership with BBVA USA, adding a layer of security for users.

Possible disadvantages

  • Limited Product Offerings
    Simple lacks a comprehensive suite of financial products like loans and credit cards that traditional banks offer.
  • Cash Deposit Limitations
    Depositing cash can be cumbersome as Simple does not have physical branches; users must utilize third-party services which might incur fees.
  • No Physical Branches
    The absence of physical locations may be a disadvantage for those who prefer face-to-face interactions for their banking needs.
  • Reliance on Internet Access
    As a fully online bank, Simple requires stable internet access and competent digital literacy, which may not be convenient for all users.
  • Limited ATM Network
    While Simple provides access to a broad network of fee-free ATMs, users might still encounter situations where finding a fee-free ATM is inconvenient.

Analysis

An editorial look at what each product does well and who it suits.

G
Ghostfolio
Simple

No analysis of Ghostfolio yet.

Overall verdict

  • While Simple was considered a good choice for digital banking due to its ease of use and helpful financial management tools, it no longer operates independently. Former Simple customers and individuals seeking similar features might consider alternatives like Chime, Varo, or other modern fintech companies that offer similar services.

Why this product is good

  • Simple was known for its intuitive and user-friendly mobile banking experience, offering features like budgeting tools, no fees on basic accounts, and a reliable digital platform. It aimed to make banking straightforward and stress-free for users, especially those comfortable with handling finances through an app. However, as of 2021, Simple has been shut down by its parent company, BBVA USA, and its services have been transitioned into BBVA's offerings.

Recommended for

    Simple, when operational, was recommended for tech-savvy individuals looking for a seamless online banking experience without many fees, and people interested in integrated budgeting and financial tracking tools. Current recommendations would be to explore existing fintech solutions with comparable benefits.

Videos

Walkthroughs and reviews on video.

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Ghostfolio 1 video + Add
Simple 3 videos + Add

Ghostfolio ‒ Open Source Wealth Management Software ‒ Trailer

The Truth About Simple Skin Care

More videos

  • Review - DOCTOR V Reviews Simple | Brown/ Dark Skin of Colour | SOC
  • Review - Simple Skincare Review! Micellar Water, Cleansers, Moisturizer | Clean, Affordable Skin Care

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
G
Ghostfolio
Simple
47% 47%
53% 53%
100% 100%
0% 0%
0% 0%
100% 100%
100% 100%
0% 0%

User comments

Share your experience with using Ghostfolio and Simple. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

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Ghostfolio no reviews yet
Simple no reviews yet

We have no reviews of Ghostfolio yet. Be the first one to post

Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

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Ghostfolio 0 mentions
Simple 4 mentions

Tracking Ghostfolio since May 2023.

  • Closed bank closed debit card (simple.com)
    I received a refund for an item on Amazon and the debit card and bank was closed. Amazon will not reissue the refund to a different debit card and I'm clueless who to contact if there is anyone to contact since simple.com was defunct in... Source: over 3 years ago
  • Am I selfish?
    Get a fresh bank account without him; credit unions can be good for this. Make sure it's not at a bank that he frequents...you don't want the teller to be "helpful" and clue him in on things. I used to recommend simple.com for a debit... Source: over 4 years ago
  • I never had to call Simple.
    Patience and discovering that simple.com now points to BBVA's Simple migration page. Source: over 5 years ago

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Alternatives to Ghostfolio and Simple

When comparing Ghostfolio and Simple, you can also consider the following products.