InvestEngine
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