ISA Investor

Broker review

InvestEngine

Logo Official website Year founded: 2016

Fees

Platform fee £0 platform fee for DIY portfolios; Managed Portfolios are separate and charged at 0.25% p.a.
Share dealing Not offered for individual company shares; ETF dealing £0
Fund dealing Not offered for OEIC/unit-trust funds; ETF dealing £0
FX fee Pending
Exit fee No withdrawal or transfer fee stated on costs page
Inactivity fee Pending
Regular investment fee £0

Investment universe

UK stocks ✗
US stocks ✗
International stocks ✗
ETFs ✓
Investment trusts ✗
Funds/OEICs ✗
Bonds/gilts ✗
Fractional shares ✓
Options/derivatives ✗
Crypto ✗

Platform features

Mobile app

Yes

Web platform

Yes

Advanced charting

No

Order types

scheduled ETF dealing

Research provided

No

Customer service

help_centre, email

Factual pros

  • DIY ISA tier lets customers self-select ETFs rather than using the managed portfolio service
  • No InvestEngine platform fee or ETF dealing fee for DIY portfolios
  • ISA is described as flexible by InvestEngine

Factual cons

  • DIY investment universe is ETF-only
  • Individual company shares, investment trusts and OEIC/unit-trust funds are not offered in the DIY ISA
  • InvestEngine states that it retains interest on uninvested cash

Sam's review

InvestEngine offers a Stocks & Shares ISA with a DIY tier that allows customers to build their own ETF portfolio separately from InvestEngine Managed Portfolios. The DIY tier charges no InvestEngine platform fee and no ETF dealing fee, while ETF product charges still apply. The DIY investment universe is ETF-only rather than individual shares or traditional OEIC/unit-trust funds. InvestEngine states that it is FCA regulated and FSCS protected.

Sam’s review goes here.

Sources