InvestEngine Review

Low-cost passive ETF investing

FCA

Founded 2019 · United Kingdom

Why investors choose this broker

No platform fee for DIY portfolios
No account opening, deposit, withdrawal, or inactivity fees
No FX conversion fee - all ETFs traded in GBP
SIPP and ISA with zero platform fee

Review summary

InvestEngine is a UK ETF-only platform with commission-free DIY portfolios across ISA, SIPP, GIA, and business accounts. Managed portfolios at 0.25% per year are currently unavailable to new investors.

Pros

No platform fee for DIY portfolios
No account opening, deposit, withdrawal, or inactivity fees
No FX conversion fee - all ETFs traded in GBP
SIPP and ISA with zero platform fee
Business accounts available for UK limited companies
Managed portfolios priced at 0.25% per year when available
Over 830 ETFs from providers including iShares and Vanguard
Auto-rebalancing on DIY, managed, and LifePlan portfolios

Cons

ETFs only - no individual stocks, bonds, funds, or other asset classes
Trades execute in a once-daily bulk order, not in real time
No limit orders, stop-loss orders, or price alerts
SIPP drawdown not supported - transfer elsewhere to start withdrawing
Employer and company director pension contributions not accepted via SIPP
Managed portfolios and LifePlan portfolios currently unavailable to new investors
No interest paid on uninvested cash
No demo account with virtual funds

Company background

InvestEngine was founded in 2019 by Andrey Dobrynin and Simon Crookall, co-founder of the classified-ads site Gumtree. Headquartered in London, InvestEngine (UK) Limited is authorised and regulated by the Financial Conduct Authority. The platform focuses exclusively on exchange-traded funds and positions itself as a low-cost alternative to traditional investment platforms for UK retail investors. In January 2025, InvestEngine reported surpassing 75,000 clients and £1 billion in assets under administration.

InvestEngine offers four account wrappers: a Stocks and Shares ISA, a Self-Invested Personal Pension (SIPP), a General Investment Account (GIA), and a Business Account for UK limited companies. Investors can choose self-directed DIY portfolios, professionally managed portfolios, or LifePlan ready-made portfolios.

Fees and pricing

InvestEngine charges no platform fee for DIY portfolios across ISA, SIPP, GIA, and Business accounts. Investors pay only the ongoing charges of the ETFs they select, starting from 0.03% per year. Managed portfolios carry a 0.25% per year platform fee, with average ETF ongoing charges of approximately 0.12% per year on top. There are no account opening, deposit, withdrawal, or inactivity fees. All ETFs are GBP-denominated, so no FX conversion fee applies. In December 2024, InvestEngine removed the previous 0.15% annual SIPP fee. Interest on uninvested cash is not paid to investors. As of 2025, managed portfolios are unavailable to new investors; the 0.25% fee applies when availability is restored.

Regulation and safety

InvestEngine (UK) Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 801128. Client money is held in segregated accounts at UK banks and custodians, separate from company funds. Eligible investors are covered by the Financial Services Compensation Scheme for up to £85,000 per person if InvestEngine were to fail.

Platform experience

InvestEngine is available via a web app and mobile apps on iOS and Android. DIY portfolio tools let investors set target ETF allocations, with rebalancing prompts when allocations drift. Managed and LifePlan portfolios are automatically rebalanced on a daily check cycle. Trades execute in a once-daily bulk order rather than in real time, so the final execution price may differ from the displayed price. The platform does not support limit orders, stop-loss orders, or intraday trading. Advanced charting and technical analysis tools are not available.

Pros and cons

InvestEngine's main advantages are its zero platform fee for DIY investors, no charges on deposits, withdrawals, or inactivity, and ISA, SIPP, GIA, and business account wrappers at no added cost. The main drawbacks are the restriction to ETFs only, once-daily trade execution, no limit orders, limited SIPP functionality with no drawdown support, no interest paid on uninvested cash, and managed and LifePlan portfolios currently unavailable to new investors.

Ready to open an account at InvestEngine?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

DIY portfolios carry no platform fee; managed portfolios charge 0.25% per year. There are no account opening, deposit, withdrawal, or inactivity fees.

Fees

Item	Fee
Account	Free
Custody	Free for DIY portfolios
Deposit	Free
Inactivity	Free
Withdrawal	Free
Fx Conversion	No FX conversion fee; all ETFs are GBP-denominated
Managed Portfolio	0.25% per year platform fee; average ETF ongoing charge 0.12% per year

Trading platform & features

Platforms

InvestEngine Web app
iOS app
Android app

Regulation and investor protection

InvestEngine (UK) Limited is authorised and regulated by the Financial Conduct Authority under FRN 801128. Eligible client assets are protected up to £85,000 by the Financial Services Compensation Scheme.

Broker FAQs

Is InvestEngine safe?

InvestEngine (UK) Limited is authorised and regulated by the Financial Conduct Authority under FRN 801128. Client money is held in segregated accounts at UK banks and custodians, separate from company funds.

Is InvestEngine a scam?

No. InvestEngine is authorised and regulated by the Financial Conduct Authority in the UK and is a member of the Financial Services Compensation Scheme.

Is InvestEngine regulated and by whom?

Yes. InvestEngine (UK) Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 801128.

Does InvestEngine keep client funds in segregated accounts?

Yes. InvestEngine holds client money in segregated accounts at UK banks and custodians, separate from its own company funds.

What happens to my money if InvestEngine goes bankrupt?

Client assets are held in segregated accounts and should be returnable. Eligible investors are also covered by the Financial Services Compensation Scheme for up to £85,000 if InvestEngine were unable to return client assets.

What products does InvestEngine offer?

InvestEngine offers ETF investing through a Stocks and Shares ISA, SIPP, General Investment Account, and Business Account. Investors can choose DIY portfolios, managed portfolios, or LifePlan ready-made portfolios.

Does InvestEngine offer an ISA?

Yes. InvestEngine offers a Stocks and Shares ISA with no platform fee and no additional charges for the ISA wrapper itself.

Does InvestEngine offer a SIPP?

Yes. InvestEngine offers a SIPP with no platform fee for DIY investors. The SIPP does not support drawdown, so investors who want to start withdrawing pension income would need to transfer to another provider.

Does InvestEngine offer individual stocks?

No. InvestEngine is an ETF-only platform and does not offer individual stocks, bonds, investment trusts, or other asset classes.

Does InvestEngine offer managed portfolios?

InvestEngine has offered managed portfolios at an annual fee of 0.25%, with portfolio construction, monitoring, and rebalancing handled by InvestEngine's investment team. As of 2025, managed portfolios are unavailable to new investors pending an update to the service.

What does InvestEngine charge for DIY ETF investing?

InvestEngine charges no platform fee for DIY portfolios. Investors pay only the ongoing charges of the ETFs they select, which start from 0.03% per year.

What does InvestEngine charge for managed portfolios?

Managed portfolios carry a 0.25% per year platform fee. The average ongoing charge of the underlying ETFs is approximately 0.12% per year, giving a combined cost of around 0.37% per year. Managed portfolios are currently unavailable to new investors.

Is there a withdrawal fee at InvestEngine?

No. InvestEngine does not charge for withdrawals or account transfers.

Does InvestEngine charge an inactivity fee?

No. InvestEngine does not charge an inactivity fee.

Does InvestEngine charge an FX conversion fee?

No. All ETFs available on InvestEngine are GBP-denominated, so no FX conversion is required.

Does InvestEngine have a demo account?

InvestEngine does not offer a demo account with virtual funds. Users can browse the platform before adding money, but cannot simulate trading with virtual capital.

Does InvestEngine have a mobile app?

Yes. InvestEngine provides iOS and Android apps with the core portfolio management features available on the web platform.

Is InvestEngine good for beginners?

InvestEngine suits beginners who want simple, low-cost ETF investing without paying platform fees. Its DIY and managed portfolio options provide structure for new investors, though the absence of a demo account and ETF-only range may limit those wanting to learn with broader asset classes.

Is InvestEngine good for long-term investing?

InvestEngine is designed for long-term, passive investors. Its commission-free DIY ETF portfolios, ISA and SIPP wrappers with zero platform fee, and once-daily auto-rebalancing are oriented toward long-term wealth building rather than active trading. Managed portfolios are currently unavailable to new investors.

Bottom line

InvestEngine suits users who want low-cost, long-term ETF investing in the UK, particularly those who value zero platform fees on DIY portfolios, ISA and SIPP wrappers at no extra cost, and simple portfolio management tools. It may not suit users who want to trade individual stocks, need real-time pricing and limit orders, require SIPP drawdown functionality, or want access to asset classes beyond ETFs.

InvestEngine

Low-cost passive ETF investing

Open Account

Your capital is at risk. Other fees apply.