Always remember that investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you are hoping for.

Compare The Best Investment Platforms In The UK

Updated On: Aug 1, 2022
Best Investment Platforms UK

Contents:

Best Investment Platforms UK

We've compiled a list of some of the best investment platforms in the UK. These are apps, websites and fund supermarkets where you can buy, sell and hold a range of investments in one place, including shares, funds, bonds, commodities, properties, CFDs and more. You can think of them as a combination of robo advisors, trading apps and much more. They are quite powerful, and you can buy and sell almost any type of investment with them.

Capital at risk. ISA rules apply. Other charges apply.

Here are some of the best investment platforms in the UK:


FinecoBank - Low cost; 20,000+ investment options

FinecoBank Logo
Account Type
DIY & Ready-made
Dealing Fee
£0 (Funds)
£2.95 (Shares)
Annual Platform Fee
0.25% (Funds)
0.25% (Shares - max £2.95/month)
Minimum ISA Deposit
£25

FinecoBank is one of Europe's largest banks, with 20 years of leadership history in brokerage and over 30 million orders processed every year. Its core mission is to make online trading simple by providing direct access to the markets in just one click. With Fineco, you can access 26 global markets and trade over 20,000 financial instruments worldwide on a single account, including UK and overseas shares, ETFs, funds, bonds, and CFDs. Users can also invest and trade directly in GBP, EUR, USD, Swiss Franc and 20+ currencies. FinecoBank's products include a Trading Account and Stocks and Shares ISA.

Promo: Apply with the link below by the 31st of December 2022, and trade commission-free up to a maximum commission amount of £500. Terms apply.

Please note: When you invest, your capital is at risk. 71.97% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.

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Interactive Investor - One free trade per month; 40,000+ investments

Interactive Investor
Account Type
DIY & Ready-made
Dealing Fee
£7.99 - £3.99
Annual Platform Fee
£120 - £240
Minimum ISA Deposit
£25

Interactive Investor has more than 40,000 investments to choose from, including UK and overseas shares, funds, investment trusts, and ETFs. You get a free trade every month, which you can use to buy or sell any investment. It is free to top up your ISA each month, and there are no trading fees with its regular investing service. It also has several ready-made funds and expert ideas to make it easy to choose investments. Interactive Investor also offers a Trading Account, SIPP, and Junior ISA.

Capital at risk.

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eToro - 0% Commission on real stocks; Buy/sell cryptocurrencies

eToro Logo
Account Type
DIY & Ready-made
Dealing Fee
£0
Annual Platform Fee
£0
Minimum Deposit
US$10

eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFDs. It is entirely free to open an account with eToro, and all registered users receive a US$100,000 demo account for free, which you can use to practice trading until you become confident. eToro gives you real-time access to thousands of stocks, ETFs and cryptocurrencies from top exchanges worldwide. If you prefer to select a ready-made portfolio, eToro has over 40 fully allocated, balanced investment portfolios, focusing on market segments you can understand and to which you can relate. Some of the portfolios include MetaverseLife, BigTech, GoldWorldWide, Vaccine-Med, BitcoinWorldWide, Diabetes-Med, Driverless, GigEconomy, and many more. These portfolios are a grouping of several assets, such as stocks, cryptocurrencies, ETFs, and even people, bundled together based on a predetermined theme or strategy. Withdrawals incur a fee of US$5, and FX rates apply to non-USD deposits and withdrawals. eToro does not offer an ISA or SIPP.

Please note: Cryptoassets are a highly volatile unregulated investment product with no UK or EU investor protection. Your capital is at risk. Additionally, 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Your capital is at risk. Other fees apply. For more information, visit eToro.

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InvestEngine - Low cost; 500+ Commission-free ETFs

InvestEngine Logo
Account Type
DIY & Ready-made
ETF Cost
0.15% - 0.25%
Annual Platform Fee
0% - 0.25%
Minimum ISA Deposit
£100

InvestEngine is a UK low-cost investment platform providing a choice of managed portfolios tailored to you and commission-free DIY investing to help you build long-term wealth. Users can invest in over 500 exchange-traded funds (ETFs) from iShares, Vanguard and other leading brands. With InvestEngine, you can invest in two ways depending on your investing savviness: Beginner investors or those who prefer to choose a ready-made investment portfolio can select from one of the Managed Portfolios on offer where the team of experts at InvestEngine will take care of the day-to-day investment decisions for you. These portfolios attract a platform fee of 0.25% per year. Advanced or more confident investors can choose from 500+ commission-free ETFs and build their portfolios themselves. With the DIY Portfolio, there are no platform fees. All InvestEngine portfolios are free of setup fees, dealing fees, ISA fees or withdrawal fees. InvestEngine allows you to invest via a Stocks and Shares ISA, Personal Account or Business Account.

Promo: £25 welcome bonus for new customers who invest at least £100. Terms apply.

Capital at risk.

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Saxo Markets - 60,000+ investment options; Diverse product range

Saxo Markets logo
Account Type
DIY & Ready-made
Dealing Fee
0.10% (min. £8) UK Stocks
US$0.02 (min. US$10) US Stocks
Annual Platform Fee
0.12% - 0.08%
(min €120 (~ £108))
Minimum ISA Deposit
£500

Saxo Markets is the UK division of Saxo Bank, a large European bank and investment platform that allows you to invest in 60,000+ financial products from stock markets around the world, including London, New York, Hong Kong, and 50+ other global markets. With Saxo Markets, you can invest your ISA allowance in more than 11,000 global stocks, ETFs and bonds. Beginner investors or those who prefer to choose a ready-made investment portfolio can select from one of the Managed Portfolios on offer, where Saxo experts navigate the markets and manage your investments on your behalf. The average cost of this managed portfolio is 0.95% per year (including fund costs). Advanced or more confident investors can choose from the range of financial products on offer and build their portfolios themselves. Saxo Markets’ suite of products includes a Trading Account, Stocks and Shares ISA and SIPP.

Capital at risk.

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Hargreaves Lansdown - Lots of investment options, research and tips

Hargreaves Lansdown
Account Type
DIY & Ready-made
Dealing Fee (Online)
£0 (Funds)
£11.95 - £5.95 (Shares)
Annual Platform Fee
0.45% - 0% (Funds)
0.45% (Shares - max £45/year)
Minimum ISA Deposit
£100 lump sum or £25 per month

Kickstart your investing with an award-winning ISA. Hargreaves Lansdown has thousands of investments to choose from, including UK and overseas shares, funds, investment trusts, and ETFs. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone. Hargreaves Lansdown also offers a Lifetime ISA, Junior ISA, Fund and Share Account, and SIPP. These services are intended for investors happy at making their own decisions.

Capital at risk. Other charges apply.

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AJ Bell Youinvest - Mid-price range; Lots of investment options

AJ Bell Youinvest
Account Type
DIY & Ready-made
Dealing Fee (Online)
£1.50 (Funds)
£9.95 - £4.95 (Shares)
Annual Platform Fee
0.25% - 0% (Funds)
0.25% (Shares - max £3.50/month)
Minimum ISA Deposit
£500 lump sum
or £25 per month

AJ Bell Youinvest has thousands of investments to choose from, including shares, funds, investment trusts and ETFs. And you can manage them both online or through the mobile app. If you need help choosing, it has four ready-made portfolios and other investment ideas. AJ Bell Youinvest offers a Stocks and Shares ISA, Lifetime ISA, Junior ISA, Dealing Account and SIPP.

Capital at risk.

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Bestinvest - Low cost; Lots of investment options and research

Bestinvest logo
Account Type
DIY & Ready-made
Dealing Fee
£0 (Funds)
£4.95 (Shares)
Annual Platform Fee
0.4% - 0% (DIY)
0.2% - 0% (Ready-made)
Minimum ISA Deposit
£0

Bestinvest is a UK investment platform offering about 2,500 funds, UK shares, investment trusts and ETFs. With Bestinvest, you can invest in one of two ways depending on your investing savviness: Beginner investors or those who prefer to choose a ready-made investment portfolio can build their investment pot by selecting one of Bestinvest’s ready-made investments. These investments are fully diversified and created and managed by the team at Bestinvest. Once you’ve picked one, you don’t need to do anything else. Advanced or more confident investors can choose from a wide range of funds, shares, ETFs and ITs and build their investment portfolios themselves. Bestinvest also has an investment search tool that makes it easy to browse and filter all of the investments, and you can use their free guides and articles if you need any inspiration. They are quite popular for their Spot the Dog guide which shows a list of poorly performing funds you probably want to avoid. Bestinvest’s products include a Stocks and Shares ISA, General Investment Account and SIPP.

Capital at risk.

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Moneyfarm - Mid-price range; Financial advice; Ethical investments

Moneyfarm Logo
Account Type
Ready-made
Annual Fund Management Fee 0.20%
Annual Platform Fee
0.75% - 0.35%
Minimum ISA Deposit
£500

Moneyfarm is a UK robo advisor that provides you with a personalised investment plan based on your risk preferences. Investors can choose from seven globally diversified risk-rated portfolios, including ethical investments, if you prefer to invest in line with your values. The team at Moneyfarm actively manages your investments, but each investment portfolio is made up of exchange-traded funds (ETFs) and other passive trackers. You also benefit from free and personalised digital financial advice from Moneyfarm's investment consultants, and you can chat, phone, email, or meet your consultant in person. Moneyfarm's products include a Stocks and Shares ISA, General Investment Account, and Personal Pension.

Capital at risk.

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Netwealth - Mid-price range; High-net-worth clients; Offers advice

Netwealth logo
Account Type
Ready-made
Annual Fund Management Fee
0.30%
Annual Platform Fee
0.65% - 0.35%
Minimum ISA Deposit
£50,000

Netwealth is a wealth management platform designed for high-net-worth individuals. Netwealth’s overarching goal is to help you manage your money cost-effectively while generating a secure income over the medium to long term that may help with important financial events, such as school fees, retirement or elderly care. When you join Netweath, the team of wealth managers will help you define your objectives. This process informs what combination of risk levels and account types are best suited for you. The team will also help you put a financial plan in place and check back in with you regularly. With Netwealth, you can choose from seven ready-made globally diversified portfolios, which aim to maximise the return for your chosen risk level. The minimum investment amount to become a client of Netwealth is £50,000. This, however, can be made up of different account types and include cash deposits and transfers from other providers. For example, the minimum portfolio size for an ISA is £5,000 and £1,000 for a JISA. Netwealth’s suite of products includes a Stocks and Shares ISA, Junior Stocks and Shares ISA, General Investment Account and Self-Invested Personal Pension.

Capital at risk.

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To make sense of these charges, use our full investment platform, or robo advisor comparison tables.

Compare Investment Platforms

Typically, your annual charge depends on whether you hold funds or shares in your stocks and shares ISA. Here, we assume you will invest in funds only.

If you plan to invest in individual stocks and shares, use our dedicated investment comparison tool for shares. If you are considering robo-advisors, compare their fees here.

The investment platform comparison tool below shows the annual charges (platform and dealing charges only) for holding funds in a self-select or DIY ISAs.


Self-select ISAs are a type of stocks and shares ISA that give you the freedom to select the specific investments that make up your portfolio.

And depending on the provider you choose, you'll have the option to either select individual shares, bonds, funds, etc., and manage your portfolio yourself or choose from a range of managed and ready-made portfolios.

To make the best use of the table below, click on the column headers to sort from the most expensive to the cheapest ISA and vice versa. 


For example, if you want to see the cheapest platforms for regular investments of £100 per month, click once on the £100 per month header. To see the most expensive platform for a lump sum investment of £20k, click twice on the £20,000 lump sum header. 


Continue this exercise on all the headers until you find what you are looking for. Then scroll down to read our assumptions and to learn more about Self-select ISAs.

Capital at risk. ISA rules apply. Other charges apply.


Platform £100
per Month
£500
per Month
£1,000
per Month
£20,000
Lump Sum
£100,000
Lump Sum
Learn More
AJ Bell Youinvest20263456256DETAILS
Aviva3132680375DETAILS
Barclays60606060212DETAILS
Best Invest3132680400DETAILS
Charles Stanley2112370350DETAILS
Close Brothers281650250DETAILS
EQI 139537195310DETAILS
Fidelity2112370350DETAILS
Fineco Bank UK281650250DETAILS
Halifax6060607474DETAILS
Hargreaves Lansdown3152990450DETAILS
HSBC281650250DETAILS
Interactive Investor120120120120120DETAILS
Interactive Investor240240240240240DETAILS
InvestEngine200000DETAILS
iWeb3160160160120120DETAILS
Santander2112370275DETAILS
Standard Life2112370350DETAILS
Strawberry24242760250DETAILS
Vanguard151030150DETAILS
Willis Owen3132680350DETAILS

Notes

  1. EQi: You'll pay no custody fee in the first two quarters of the year you join, so it'll be more expensive in subsequent years.
  2. InvestEngine: If you go for the commission-free DIY Portfolio service, the only costs are the annual charges and buy/sell market spreads of the ETFs you invest in. There are no platform or dealing fees.
  3. IWeb: We included the one-off account opening fee of £100. It will be cheaper in subsequent years where you do not have to pay the account opening fee.

Assumptions

When you invest in a fund, please note, the fund manager will add various charges within the fund, including a fund management fee. We haven't included any fund management fees in our calculations, just the platform and dealing fees.


If you would like an idea of how fund management fees could impact the total amount you pay to a platform, have a look at our other stocks and shares ISA comparison tool - Compare The Best Robo Advisors.


The calculations above are based on the following scenarios:


  1. £100 per month regular investment,
  2. £500 per month regular investment, 
  3. £1,000 per month regular investment,
  4. £20,000 lump sum (a year's ISA allowance), or
  5. £100,000 lump sum (if you have some ISAs from previous years and are transferring in).


For regular investments, we assume you'll make 12 deals each year or one deal every month.


For lump sums, we assume you'll make four deals a year.


A deal is either one of buying or selling an investment. It is also called a trade. 


We use the colours green, amber, and red to indicate how expensive or cheap an investment platform is compared to the others. The cheapest investment platforms are coloured green, the more expensive ones red, and the others amber.


Keep in mind that a platform showing up as green doesn't make it the best investment platform for you, as cheap doesn't always equal good. Some of the more expensive platforms could have a wider variety of stocks, bonds, funds, ETFs, etc., depending on what you are looking for.


If you are investing small amounts and choose to go with the cheapest stocks and shares ISA platform for that amount, note that some of the more expensive platforms become cheaper as your pot increases. Consider Interactive Investor and Halifax Share Dealing, for example.


Additionally, we show the costs which apply to the first year only. It is important to mention this because, with platforms like iWeb, your charges reduce after the first year. Whereas with platforms like EQi, your charges might increase after the first year.


Finally, for each provider listed in our stocks and shares ISA comparison table, your money is protected by the Financial Services Compensation Scheme (FSCS).


Frequently Asked Questions

1. What is an investment ISA?

An investment ISA (Individual Savings Account) is a tax-free account for buying, selling, and holding investments such as shares, bonds, and funds. This tax year (2021-22), you can invest up to £20,000 in one investment ISA or split the money between an investment ISA and other ISAs. An investment ISA is also called a Stocks and Shares ISA.

2. What are the investment ISA charges?

The main Investment ISA charges are annual platform fee, fund management fee, trading fee, and transfer out fee. Depending on your investment provider and how you choose to invest, there might be some other charges.


  • Annual Platform Fee:‍‍ The investment platform charges this for providing a platform for you to invest. It is usually displayed as a percentage of your investments or a fixed fee.
  • Fund Management Fee: It is also known as Ongoing Charges Figure (OCF) or Total Expense Ratio (TER). This is the fee paid directly to the fund manager and represents the actual cost of your investments.
  • Trading Fee: ‍It is also known as a dealing fee. This is the fee for buying and selling funds or other types of investments on a platform.
  • Transfer Out Fee: It is also known as an exit fee. It is the fee you pay for moving your investments from one provider to another.

3. Should I go with percentage-based charges or fixed fees?

If you have a large amount of money to invest, go with fixed fees. For people with smaller pots, pick platforms with percentage-based charges. Use our investment fees calculator above to visualise the charges before you buy.

4. What is a self-select ISA?

A self-select ISA is a type of Investment ISA that gives you the freedom to choose the specific investments that make up your portfolio. Depending on the provider you choose, you'll have the option to either select individual investments and manage your portfolio yourself or choose from a range of ready-made portfolios. 


Self-select ISAs providers are also called Do-It-Yourself (DIY) investment platforms.

5. What types of assets can be held within a self-select ISA?

When you open a self-select ISA, you can invest in a range of assets, including:

  • Stocks and shares,
  • Funds,
  • Gilts,
  • Bonds,
  • Investment trusts,
  • Units trusts,
  • Exchange-Traded Funds (ETFs),
  • Open-Ended Investment Companies (OEICs), and
  • Structured products.

6. How do I open a self-select ISA?

Use our investment platform comparison tool above to select the best investment platform for you. Then visit the platform's website to apply for an account. Once your account is open, you will be able to choose funds and start building your portfolio. 


If you need help choosing investments, most providers in the table above offer ready-made portfolios and financial advice. Financial advice typically attracts an extra charge.


7. What are the advantages of a self-select ISA?

  • You have the freedom to choose the specific investments that make up your portfolio.
  • You get greater control over the design and management of your portfolio.
  • Your entire portfolio and the dividends received in it are free of capital gains and additional income tax.
  • You pay no advice fee.

8. What are the disadvantages of a self-select ISA?

  • It can be quite risky for inexperienced investors.
  • You need to keep up to date with the markets, which can be tedious and time-consuming. 


If you are unsure about choosing a self-select ISA, it might be worth seeking independent financial advice from a suitably qualified financial adviser.

9. What is the best investment platform in the UK?

Here are some of the best investment platforms in the UK:

10. What is the best investment platform for beginners?

Here are some of the best investment platforms for beginners in the UK:

  • InvestEngine - Low cost; 500+ commission-free ETFs
  • eToro - Buy/sell cryptocurrencies; 0% commission on real stocks
  • Moneyfarm - Mid-price range; offers advice and ethical investments
  • Freetrade - Low cost; commission-free trading; beginner-friendly
  • Interactive Investor - One free trade per month; 40,000+ investments

You might also like 🤓

  1. Compare Robo Advisors
  2. Compare Online Brokers
  3. Best Stocks and Shares ISAs
  4. Best Share Dealing Accounts
  5. Best Investment Apps
  6. Best Auto-Investment Apps
  7. Best Fund Providers
  8. Investing for Beginners
  9. Hargreaves Lansdown vs Interactive Investor
  10. eToro vs Stake

Credits

  1. The Lang Cat
  2. Gov.uk

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