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22 May 2023

InvestEngine investment platform review

We analyse InvestEngine's charges and ask its customers to rate it for service, tools, value for money and more

Megan ThomasResearcher & writer

In this article

What is InvestEngine?
Is InvestEngine any good?
What do customers say about InvestEngine?
What are InvestEngine’s charges?
Who is InvestEngine good for?
What accounts and services does InvestEngine offer?
Is your money safe with InvestEngine?

What is InvestEngine?

InvestEngine is a platform dealing exclusively in exchange-traded funds (ETFs), set up in part by Gumtree co-founder Simon Crookall.

Please note: the content contained in this article is for information purposes only and does not constitute financial or investment advice.

Find out more: read our guide to the best and worst investment platforms

Is InvestEngine any good?

Which? members can exclusively read the results of our unique customer satisfaction survey.

Members can log in to see our review of InvestEngine. If you're not already a member, join Which? and get full access to these results and all our reviews.

To become a Which? Recommended Provider (WRP) for either stocks and shares Isas or general investment accounts, a platform needs to have a customer score of at least 70%, not be in the top 25% most expensive in one of our fees scenarios, and not score lower than three stars in any category.

On top of these criteria, we apply statistical tests that place the platforms into ‘bands’, and only the platforms in the highest band – the ones that really stand out against the rest – can be a WRP.

Which?'s rating for customer satisfaction is based on feedback from customers.

We ask investors to rate their current platform for its ease of use, overall customer service and customer communications, whether it represents value for money, if they are satisfied with it overall and whether they would recommend it to someone else.

In January 2024, we heard 4,136 reviews and gave customer scores to 17 do-it-yourself investment platforms. Each platform must have at least 30 responses, a minimum of three investments to choose from yourself, and not offer contract for difference (CFD) trading to receive a customer score.

What do customers say about InvestEngine?

'Relatively limited choice of funds/ETFs and limited info on the investment options but it works well and cheaply for tracker/passive investments'
'It only deals in ETFs so if investment in other securities is required then another platform is needed. I knew this when I signed up. I had decided to use one year's ISA allowance for ETFs'
'Some things are a little odd. For example some trades take weeks to settle'

Find out more: Check out our guide on the best and worst investment platforms to see how InvestEngine compared.

What are InvestEngine’s charges?

Annual charges

No platform fees for its DIY portfolio
ETFs carry fund management fees from 0.00% to 0.89%
Managed portfolios where investments are chosen for you cost 0.25% a year

How much will I pay to invest?

We've estimated the cost of investing with InvestEngine over the course of a year in a stocks and shares Isa, in its DIY portfolio.

Costs will vary depending on how much you invest.

All assume that you make four purchases and four sales each year spread out over different months - we don't include fund manager fees.

To find out more, head over to InvestEngine's website.


£5,000
£10,000
£25,000
£50,000
£100,000
£250,000
£500,000

Read our comparison of investment platform charges to see how much investing with InvestEngine fares against other providers.

Who is InvestEngine good for?

If you're interested in investing in ETFs, you won't find a cheaper option than InvestEngine.

Its simple interface and restricted options are well-suited to beginners, who might feel overwhelmed by the amount of options available.

To invest in other assets, you'd need to use another platform - but you can only open one stocks and shares Isa per year. Other low-cost platforms that did well in our survey, but that allow you to invest in other assets include Vanguard for traditional funds, Freetrade for shares, and AJ Bell for both.

InvestEngine's managed portfolios are also far cheaper than robo-adviser equivalents such as Moneyfarm and Nutmeg, and would suit those not confident in choosing their own investments but not keen to shell out huge amounts of money for a financial adviser.

Find out more: visit InvestEngine's website directly

What accounts and services does InvestEngine offer?

The information below gives an at-a-glance view of the key things InvestEngine's accounts and services offer.

What can you invest in with InvestEngine?

You have access to more than 550 exchange-traded funds (ETFs) through InvestEngine, although you won't be able to buy any other type of asset.

What tools and resources does InvestEngine offer?

Fractional investing
See how your portfolio is balanced across regions, sectors, holdings and asset classes
Auto-invest cash
Set investment weights to your preferred asset allocation and one-click rebalancing

Is your money safe with InvestEngine?

InvestEngine is regulated by the Financial Conduct Authority and covered by the Financial Services Compensation Scheme (FSCS).

When you invest with an investment platform that's registered with the Financial Conduct Authority, your money will be ring-fenced and should be returned to you if a company goes bust - without having to wait alongside other creditors.

If ring-fencing failed, you would be compensated by the FSCS.

The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online: there's no reason to use a claims management company.

You won't be compensated for investments falling in value, or a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated Independent Financial Advisor that has since gone bust.