InvestEngine
UK ETF investing platform with free DIY accounts and Managed Portfolios at 0.25% a year
Quick Overview
| Company | InvestEngine (UK) Limited |
|---|---|
| Category | Robo-Advisors |
| Headquarters | United Kingdom (city not stated on the pages we read), United Kingdom |
| Founded | Not stated |
| EU Presence | Yes - United Kingdom (FCA regulated) |
| Data Location | not stated on the pages we read |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | ETF investing in ISA, SIPP and GIA, Managed Portfolios, DIY portfolios, commission-free ETFs |
| Pricing | DIY investing free; Managed Portfolios 0.25% of portfolio value a year; no account fees for ISAs, SIPPs and GIAs |
| Best For | UK investors who want low platform fees on ETFs, managed or DIY |
| Replaces | Betterment |
Detailed Review
InvestEngine is an ETF investing platform run by InvestEngine (UK) Limited, company number 10438231, FCA FRN 801128. The platform offers Stocks and Shares ISAs, SIPPs and general investment accounts.
InvestEngine has two modes. DIY portfolios are commission-free and free of platform fees, and Managed Portfolios cost 0.25% of portfolio value a year.
InvestEngine DIY investing
The InvestEngine homepage states DIY investing is free. No monthly fees and no account fees are listed for ISAs, SIPPs and general investment accounts, and no minimum investment is listed.
InvestEngine Managed Portfolios
InvestEngine Managed Portfolios cost an annual fee of 0.25% of portfolio value, with cash held without a management fee. The 0.25% matches the base percentage on Betterment's pricing page.
Protection and advice at InvestEngine
The homepage states that cash is protected by the FSCS up to GBP 85,000. InvestEngine also states that it does not provide investment advice.
Limitations to Consider
InvestEngine states that it does not provide investment advice, so the choice of ETFs stays with the user on DIY accounts. ETF provider charges and spreads apply on top of the platform pricing, and the page does not quantify them. Hosting and minimums are not stated on the pages we read. For human support, look at Moneyfarm.
Who Should Use InvestEngine
UK investors who are comfortable choosing ETFs or want a managed portfolio at a low stated platform fee.
Pros and Cons
Pros
- DIY investing free
- Managed Portfolios at 0.25% a year
- No account fees for ISAs, SIPPs and GIAs
- FCA-regulated UK company with numbers published
- FSCS protection on cash up to GBP 85,000
Cons
- No investment advice
- ETF charges and spreads not quantified on the page
- Choice of ETFs stays with the user on DIY
- Hosting not stated on the pages we read
Alternatives to InvestEngine
Other European robo-advisors worth comparing before you decide:
Scalable Capital
Germany · Munich broker with savings plans and own ETFs
quirion
Germany · Berlin robo-advisor with managed ETF portfolios
Indexa Capital
Spain · Madrid index-fund robo-advisor with pension plans
Moneyfarm
United Kingdom · London managed portfolios with a DIY option
See all European robo-advisors or compare them directly against Betterment on our alternatives page.
Frequently Asked Questions
Yes. InvestEngine (UK) Limited is regulated by the FCA and offers Managed Portfolios at 0.25% a year, the same percentage as Betterment's base tier.
DIY investing is free according to the homepage. Managed Portfolios cost 0.25% of portfolio value a year, and ETF provider charges and spreads apply on top.
No. InvestEngine states that it does not provide investment advice.