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InvestEngine Review

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Sean LaPointe
Sean is a personal finance writer with a strong passion for helping others become more financially literate and make better financial decisions. He covers everything from credit cards to savings to investing.
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When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

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The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

Great for investors who want a simple and affordable experience

InvestEngine *

InvestEngine *
Apply Now On InvestEngine’s secure website
Risk Warning Investments are complex and involve various risks, and you may get back less than you put in. Tax benefits depend on individual circumstances and tax rules, which could change.

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s necessary for you to understand the nature of these risks. You should consider whether you understand how Stocks and Shares ISAs and Robo-Investing products work and whether you can afford to take the risk of losing money. Remember that taxes can be complicated and the tax benefits of these products depends on your personal circumstances. Tax rules are subject to change. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Click here to learn more
Account Management Fee
  • 0.25% for the managed portfolio service.
  • No fee for the DIY service.
  • Pros & Cons
  • Fees & Charges
  • Sign-up Offer

Pros

  • Extremely cheap platform
  • Choice of managed portfolio or DIY
  • Huge selection of ETFs

Cons

  • £100 minimum investment to create portfolio
  • No trading tools
  • No ethical ready-made portfolios

Annual Platform Fee:

  • 0.25% for the managed portfolio service.
  • No fee for the DIY service

Average Fund Costs: 0.23%

IMPORTANT NOTE: if you click on the links below to read the offer terms and conditions, make sure you return to this page and click on the Apply Now button to ensure the sign-up offers listed below get applied to your InvestEngine application.

SIGN-UP OFFER: open an InvestEngine account through The Motley Fool UK and you’ll get an investment bonus of between £10 & £50 when you sign up and deposit £100 (T&Cs apply)

ISA BONUS OFFER: top-up or transfer to InvestEngine by 6pm on 31/05/24 and receive a bonus of up to £2,500 (capital at risk, T&Cs apply)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Our bottom line

InvestEngine aims to help you maximise the potential returns on your investments — whether you are a novice investor, passive investor or a more experienced, hands-on kind of investor. The platform’s managed portfolio service will build a diversified portfolio for you at a risk level you’re comfortable with, without doing the intensive work of picking the investments yourself. If you are a more experienced, hands-on investor, you can opt for InvestEngine’s new DIY service that lets you create and manage your own portfolio.

The fees are low, so you keep more of any investment returns, plus you can cash in or transfer your investments at any time and at no charge.

InvestEngine’s top features

InvestEngine’s greatest feature perhaps is that it puts you in control right from the start. You get the choice of having an investment portfolio created and managed for you, or creating and managing one for yourself.

For the managed portfolio service, InvestEngine believes that diversification is the single most important factor in making your investment work harder.

And so, one of this service’s top features is that regardless of your risk appetite, you can expect to receive a robust, globally diversified portfolio consisting of different asset classes like stocks, bonds and alternatives.

That means that you could be protected in case one or more assets underperform and helps ensure that you are always in a position to potentially make gains from wherever and whenever prices go up. Of course, investing always involves a risk of total loss of your capital.

You could also diversify using the DIY portfolio service which gives you access to more than 500 ETFs handpicked by their investment experts that you can mix and balance as you like to achieve diversification.

You can give your portfolio the focus you want by setting percentage weights for your selected ETFs. And with an automated buying and selling feature, you don’t have to set up individual ETF trades for each of your ETFs. You can easily buy and sell ETFs based on your target weights all in a few clicks and for free.

What’s more, the DIY portfolio service comes with a feature that helps you top up and rebalance your portfolio and bring it back in line with your target weight once again in just a few clicks.

For the managed portfolio service, another top feature is that you have the choice of investing in a stocks and shares ISA, which is a tax-free wrapper that allows you to invest up to £20,000 a year without having to pay tax on any profits made on the investment.

For anyone with an ISA elsewhere, transfers to an InvestEngine Stocks and Shares ISA just require the completion of an easy transfer form. InvestEngine will take care of the rest, with no additional transfer fees.

You also get great user visibility and control with InvestEngine for both the managed and the DIY portfolio services. The platform lets you access your account online at any time to see how your investments are doing, and conduct different transactions including adding funds or withdrawing them.

InvestEngine’s platform

You can fund or top up your account via a manual bank transfer to InvestEngine. Or you can simply set up instant transfers from your bank via Open Banking.

If you opt for the managed service, your custom ETF portfolio will be monitored and managed by an expert team on a regular basis. Rebalancing is also done if and when needed.

It’s also quite easy to stay on top of your InvestEngine account and investments. You can log into your account at any time to check performance, view investment projections, make adjustments to your portfolio, add funds, and even withdraw or transfer funds.

You have the choice of doing this via InvestEngine’s relatively easy-to-navigate website or on your phone through the free app, which is available for both Android and iOS.

Customer service and support

InvestEngine has a support team that is available Monday – Friday, 9.00 a.m. to 5.00 p.m. via phone, email or chat.

There’s also a comprehensive FAQ section on the platform’s website where you can get quick, frank answers on some of the most commonly asked questions about the platform’s operations, products and terms of engagement.

Is InvestEngine a good choice for you?

InvestEngine is a breath of fresh air in the current investing solutions space. It’s an exciting option worth considering not only for passive investors, or novice investors, who may lack the time or knowledge to pick and manage their own investments, but also for more experienced investors who prefer a more hands-on approach.

The fees are straightforward and amongst the lowest compared to its rivals. Plus through its mobile and online platform, you get plenty of visibility and control on your investments including a chance to get out at any time without incurring an exit fee.

Alternatives to consider

If you want a low-cost platform that would suit beginners just starting out then you should also take a look at: