Dodl
Pros
- Low 0.15% annual platform fee with no dealing commissions
- Backed by AJ Bell, an FCA-regulated FTSE 250 company
- Offers ISA, Lifetime ISA, SIPP and general investment account
- Cash protected by FSCS up to ยฃ120,000; investment protection up to ยฃ85,000 per person per firm
- Cash earns 3.80% AER variable interest in ISA and Lifetime ISA accounts while awaiting investment
- Minimum investment of just ยฃ25 per month via direct debit
- Clean, beginner-friendly mobile interface
Cons
- App-only - no web browser access
- Orders execute once daily at a fixed time, not in real time
- Limited share selection of around 80 UK and US stocks
- Minimum fee of ยฃ1 per month means 0.15% rate only applies above ยฃ8,000 invested
- No demo account
- No fractional shares
- Direct share investments receive no FSCS protection