InvestEngine Review

How does InvestEngine work? 

InvestEngine is a UK 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 ETFs through a Stocks and Shares ISA, Personal Account or Business Account.

When you invest, please keep in mind that your capital is at risk.

DIY Portfolios

• With InvestEngine’s DIY portfolio, you’re in control of choosing your investments.
• You can choose from a range of handpicked ETFs, fine-tune your allocations and invest commission-free in just one click.  
• InvestEngine allows you to personalise your investment strategy by setting the target weights for each of the ETFs in your portfolio. You can also set new weights as your investment strategy and market view change.
• InvestEngine’s automation tool saves you the hassle of rebalancing and topping up your portfolio by automatically calculating and conducting your trades on your behalf based on your target weights - all commission-free.

Managed Portfolios

• Receive a managed, globally diversified investment portfolio that seeks to maximise returns based on your risk preferences.
• Choose between a Growth Portfolio that aims to grow as stock values increase or an Income Portfolio that seeks to provide a regular income depending on the dividends received from the ETFs in your portfolio.
  

Visit InvestEngine to learn more.

‍

How do I invest with InvestEngine?

With InvestEngine, you can invest through a Stocks and Shares ISA, Personal Account or Business Account. 

You’ll have the option to invest using a DIY Portfolio, Managed Income Portfolio, or Managed Growth Portfolio. InvestEngine will ask you questions as part of the sign-up process to gauge your investment goals and risk preferences and will then match one of these portfolios to you.

Once you have funded your account, you can begin investing. Please note that InvestEngine has a minimum investment amount of £100.

What are InvestEngine’s fees?

It's completely free to download the InvestEngine app. With InvestEngine, there are no setup fees, dealing fees, ISA fees or withdrawal fees. Please keep in mind that InvestEngine requires a minimum investment amount of £100 to get started.

DIY Portfolios: Free

Managed Portfolios (Platform Fee): 0.25% per year

ETF Charge (Fund Management Fee): Around 0.25% per year for income portfolios and 0.15% per year for growth portfolios

Market Spread: Around 0.07% per year for both income and growth portfolios

Is InvestEngine good for beginners?

InvestEngine is beginner-friendly. If you want a hands-off approach, their Managed Portfolios will build and manage a portfolio on your behalf, selecting the ETFs, position sizing and allocation all for you.

Their DIY Portfolios also encourage investors to take a considered, diversified, and long-term approach to investing, which should suit beginners.

InvestEngine’s affordable fees also make it a great option for beginners. DIY portfolios are free to use, and from just £100, you can open up an account and begin investing. You can also top up your account with small one-off amounts, with the minimum using instant bank transfer at just £1. 

To get started, download the InvestEngine app, which is available on both iOS and Android. You can invest directly from the app, view your portfolio information and monitor your investments.

‍

Is InvestEngine a passive investment?

The Managed Portfolios are passive investments while some of the DIY ETFs are not.

Is InvestEngine expensive?

InvestEngine falls into the low-price-range category. The DIY portfolio service is free. For Managed Portfolios, there is a management fee of 0.25% per year. You also pay an ETF charge of between 0.15% and 0.25% per year. Use our Robo Advisor Charges Comparison Table to understand how InvestEngine compares to other robo advisors in the UK.

Is my money safe with InvestEngine?

When you invest with InvestEngine, your money is protected by the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000. 

This means you can get your money back if InvestEngine were to go bust. Keep in mind that the FSCS does not cover losses arising from the performance of any of your investments.

Is InvestEngine regulated by the FCA?

Yes, InvestEngine is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at their regulatory permissions on the FCA Register.

Does InvestEngine have a referral scheme?

Yes. Up until the 25th of August 2021, InvestEngine will provide a referral reward of £25 for both you and your referee if you’ve already invested £100 of your own money in an InvestEngine portfolio.

‍

How do I open an account with InvestEngine?

Visit InvestEngine’s website.