Prosper investing review 2026

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How we rated Prosper's investment features

Who might Prosper suit?

If you’re planning on a simple investing approach using funds, and you’re looking for the cheapest way to do this, Prosper is worth checking out. It’s designed for cost-conscious investors who prefer simplicity and substance over style with rock-bottom fees and a straightforward platform.

However, if you want a variety of assets and plenty of bells and whistles, this may not be the one. If you don’t think it’s for you, why not compare share trading platforms to find the right fit to match your style.

Hands-on test: I tried out Prosper's investing app

"With a simple selection of investments to choose from (around 200 to be exact, 30 of which you can get the fees refunded), the Prosper investing app mirrors this simplicity. It’s a really nice app to use for investing, but it’s quite stripped-back and lean compared to some of the modern super apps packed with features.

However, when it comes to making investments and managing your portfolio, Prosper simply offers what you need, without attempting to siphon off any more of your attention than is necessary – something that’s pleasantly refreshing."

George Sweeney, DipFA

Deputy editor

Prosper fees

The only fees you have to pay when using Prosper are the ongoing fees charged by the fund providers, and you’d have to pay these regardless of what platform you’re using.

One key difference however that sets Prosper apart, is that it will actually refund the external fees for some of the funds and ETFs on the platform.

Prosper investment choice and stocks

This is one area where Prosper is pretty limited, even when compared with other fund-only platforms. Currently, there are around 200 funds to invest in and you can’t invest in other assets like individual shares.

One thing that is pretty cool is that, with Prosper, you can invest in private equity markets and it also offers ready-made portfolios if you’re unsure where to start investing.

Is Prosper safe and legit?

Prosper is regulated by the Financial Conduct Authority (FCA) in the UK and accounts come with full FSCS protection of up to £120,000 on your deposits should Prosper go bust.

Prosper account types and products

Prosper offers a solid range of account options, including a free stocks and shares ISA and self-invested personal pension (SIPP). Although no interest is paid on cash balances, it does offer the ability to use in-app savings accounts.

Is Prosper easy to use?

Prosper is dead easy to use, but sometimes to its own detriment. The app is nicely designed, but there’s not much going on other than the basics, and the location of some features are a little bit fiddly to find.

As a fairly new app, there are limited external reviews available from the App Store and Google Play, there’s also a significant discrepancy between the reviews of Apple and Android users.

Prosper tools, resources and features

Another limitation of Prosper is that as you’re encouraged to keep things simple with your investing approach, the app is somewhat lacking in terms of tools, resources and features compared to some of the other zero commission investing apps.

This approach works fine, but it would be good to see some more learning resources available in the app or on the website as Prosper would appeal to beginners, but it doesn’t seem to provide much in the way of materials aimed at beginners.

Frequently asked questions

• Is Prosper.co.uk legit?

  Yes, Prosper is fully regulated by the FCA and is a member of the Financial Services Compensation Scheme (FSCS).

• How does Prosper make money?

  It generates most of its profit by earning interest on cash held in customers’ accounts. Prosper is pretty up front and open about this.