Save and invest with InvestEngine
- Get a £25 welcome bonus
- Don't worry about dealing fees
- Manage your account yourself or let specialists do it for you
InvestEngine is a relatively new investment platform that lets you choose between ready-made portfolios and a DIY option to choose a range of exchange traded funds (ETFs) to invest in.
You’re able to invest in both individual savings accounts (ISAs) and general investment accounts with InvestEngine, so you can make use of your ISA allowance of £20,000 in each tax year. Find out what we thought of InvestEngine, the types of investments available and what it’s got up its sleeve for the future.
|Stocks and shares ISA|
|Lifetime ISA (LISA)|
|Keep in mind||Capital at risk|
|Go to site|
InvestEngine has three different accounts that you can invest in:
The personal account is InvestEngine’s general investment account. Like the other accounts, you can start with £100.
With this account you might have to pay income tax on your profits. Tax is payable on profits over £12,300.
With the InvestEngine ISA, you can use your annual ISA allowance to invest tax free. You get an allowance for each tax year, up to which you can invest without paying tax on your profits. The allowance for the 2022/2023 tax year is £20,000.
This account is for businesses that have some surplus money that they’d like to invest. It’s a potential way to earn better returns on the money sitting in your bank account. The money can be accessed whenever you want, but any tax advantages depend on your business circumstances.
|Investment type||Available with InvestEngine?|
You can’t invest in individual shares with InvestEngine, so if this is something you’d like to be able to do, this isn’t the platform for you. Check out our share dealing comparison table to find an alternative provider.
You can choose to either invest in ready-made portfolios or create your own portfolio of exchange-traded funds. Here’s how each of these approaches works.
InvestEngine’s ready made portfolios are fully managed. As with other robo-advisors like Moneyfarm and Nutmeg, your portfolio depends on your appetite to risk. It asks you a set of questions that helps the platform understand how you feel about risk to suggest a portfolio for you.
InvestEngine automatically rebalances your portfolio to ensure that it stays aligned to your investment plan. Its investment team keeps an eye on your portfolio to make sure it remains well-positioned for the latest market conditions.
You can choose between growth portfolios and income portfolios.
Growth portfolios have a primary goal of capital growth, which is to mean that the main goal is for the value of the stocks to rise. Any companies in these portfolios tend to reinvest their earnings into growing the company, such as through expansion, acquisitions and further research.
Income portfolios have a primary goal of providing a regular income. Any income received is often paid into your nominated bank account. The amount varies depending on the dividends received from the exchange traded funds (ETFs) in your portfolio.
How to invest in a ready-made portfolio with InvestEngine:
InvestEngine’s DIY option lets you choose which ETFs you want to be invested in. There’s more than 530 available on the platform, including ESG options. Once you’ve chosen which ones you want to invest in, you can choose how they’re weighted, so you don’t have to be invested equally in each fund.
There’s more information about choosing which ETFs you want to invest in with InvestEngine’s screener below.
Once you’ve created your portfolio, you simply need to make your first deposit. InvestEngine has “one click rebalancing”, which means that as the markets rise and fall, your portfolio stays consistently balanced to the weights you have chosen. You also don’t need to set up ETF trades — you can buy and sell based on your portfolio weights, so all future top ups can be automatically organised.
There are no fees for InvestEngine’s DIY portfolios.
Its managed portfolios have a (relatively) simple fee structure:
|Fee||What’s it for?||Managed income portfolios||Managed growth portfolios||DIY portfolios|
|Management fee||For building and managing your investment portfolio for you.||0.25%||0.25%||Free|
|ETF charge||Charged by the ETF providers for investing in exchange traded funds.||Around 0.25% per year||Around 0.15% per year||Between 0.05% and 0.75%. Averages around 0.24%.|
|Market spread||The difference between the purchase price and selling price of the ETFs in your portfolio.||Around 0.07% per year||Around 0.07% per year||N/A|
|Setup fee||A fee for setting up your account||£0||£0||£0|
|Dealing fee||The cost of buying or selling financial instruments||£0||£0||£0|
|ISA fee||The cost of having an individual savings account (ISA) tax wrapper on your account.||£0||£0||£0|
|Withdrawal fee||A fee to withdraw your money from your InvestEngine account||£0||£0||£0|
The minimum amount you can deposit into your account is £100.
A £1,000 investment will incur fees of around £5.70 with an income portfolio while the growth portfolio would cost you around £4.70 for a £1,000 investment.
A £10,000 investment will incur fees of around £57 if you’re invested in an income portfolio and around £47 for growth portfolios.
|Customer satisfaction rating||★★★★★|
|Customer help in app|
|Customer help via email|
|Customer help over the phone|
|Community or forums|
|Keep in mind||Capital at risk|
|Go to site|
InvestEngine has a UK based support team that can be accessed via email, over the phone and with an online form.
App store and Google Play reviews rave about how easy to use the app is, even though it perhaps isn’t as attractive as other choices. Users feel that the fees are low compared with InvestEngine’s competitors and liked the process when creating a portfolio.
InvestEngine isn’t comparable to share dealing platforms like Trading 212, IG, Hargreaves Lansdown or Freetrade, but it’s a pretty good choice if you’re looking to make recurring investments into exchange-traded funds. Here’s some more information about the platform.
One of the things we really like about InvestEngine is its ETF screener. It’s really easy to use and explains key terms, something a lot of providers fail to do. You can filter the list of ETFs by their asset classes, whether they accumulate or distribute dividends, ESG scores and whether they are currency hedged.
When you’ve chosen a few ETFs, you can see a pie chart with your breakdown based on assets, regions and sectors. This can help you create a well diversified portfolio. Plus, you can keep tweaking even after you’ve started investing, which we like.
InvestEngine can be accessed on its website as well as with a mobile app. You can top-up within the app and see your dashboard to manage your account. It lets you see what you’re invested in and a percentage of how much of your portfolio is in each investment.
When choosing investments, you can see the full holdings of each ETF, giving you great control over your individual investments.
For those investing in ready-made portfolios, it’s also got some handy in-app calculators to help you understand how your savings could grow based on one-off investments, how much you plan to invest each month, your risk profile and timeline.
InvestEngine is authorised and regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme (FSCS). This means that if InvestEngine were to go bust, you’d be covered for up to £85,000 of your deposits.
InvestEngine has two different approaches, managed portfolios and DIY portfolios.
Managed portfolios are commonly known as robo advice. This means it builds and manages ready-made investment portfolios for you in exchange for a fee. Robo-advisors include Nutmeg and Wealthify.
InvestEngine DIY portfolios don’t let you buy individual shares, so it’s pretty different to Trading 212 or Freetrade. Instead, its DIY portfolios give you a choice between more than 530 exchange-traded funds, which are made up from bonds, stocks and commodities. This is pretty similar to Vanguard.
InvestEngine is an ETF investment platform, so you can’t research individual companies to invest in. This makes it a little less exciting than other options, so wouldn’t be suited to those who like the buzz and conversation around investing and is more likely suitable for those looking for growth over the long term. InvestEngine is really easy to set up — I’m fairly confident that I could hand my phone to my mum and she’d figure it out in no time, and she’s hardly a technophile. Its low fees make it attractive to investors.
We like that there are options available for those who want ready-made portfolios as well as those who want to build their own portfolios. It’s a fresh take on the robo-advisors we’re familiar with, like Nutmeg, Wealthify and Moneyfarm. Its set fee structure is refreshing but could prove to be expensive for anyone investing large sums (we’re talking upwards of £100,000).
It would be nice to see more about the individual portfolios and how they invest. We also love that there are some ethical portfolios available, with the rise of ESG investing.
Get started by visiting InvestEngine and opening an account. Still not sure? Compare other share trading platforms with our comparison table.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Ever wondered how to buy shares in Proterra? We explain how and compare a range of providers that can give you access to many brands, including Proterra.
The Treasury is taking a bite out of investors’ returns in 2023…and another one in 2024. Here’s why this makes stocks and shares ISAs even more attractive. Paid content.
Bank stocks can be rewarding, but there are risks involved that could impact your profits. Find out how to invest in banks.
Why George Sweeney believes Diageo is one to watch. This week’s share tip. Not financial advice or a recommendation.
Company earnings reports can be a useful tool when researching stocks to invest. Our guide explains how you can use them for your benefit.
We’ve tested, analysed and scored trading apps to find the 10 best trading platforms in the UK, who they’re best for and the pros and cons.
We’ve taken a look at some of the best trading apps in the UK and explained who they’re best suited to. Our table compares fees and services too.
Find out how to buy and sell shares in the most efficient way to minimise mistakes and maximise your potential profits by following these 5 steps. (Paid content)
The Lightyear app lets you buy and sell UK and US stocks for free. We look and see if there are any catches.
If you’re thinking of selling some of your stocks, make sure you’re doing it for the right reasons. Here’s what to consider.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.