InvestEngine provides £0 commission ETF investing with zero account fees on DIY ISAs, SIPPs, and General Investment Accounts (GIAs) for UK residents.
Written by StockEmber Team · Updated Oct 21, 2026
Researched with AI assistance and verified by our editors
This InvestEngine review looks at an FCA-regulated, ETF-only UK platform where dealing happens once a day and new accounts are open only to UK residents.
InvestEngine is the trading name of InvestEngine (UK) Limited, a London-based ETF platform incorporated in the UK with company number 10438231 and authorized by the Financial Conduct Authority under FRN 801128. Client investments are registered in the name of InvestEngine Nominees Limited in a pooled client account at CREST, operated by Euroclear UK and Ireland.
Licensed & regulated
FCA
Money protected
£85,000 FSCS
You own the shares
Nominee
Track record
10 yrs · Private
GB · FSCS
£85,000
Commission
£0 on DIY portfolios
Account minimum
£100 (about $133.64 at the October 21, 2026 exchange rate) to open a portfolio; DIY ETF orders from £1; top-up minimums are shown on the platform
Est. 10-year cost
~$0
Markets
ETFs · Exchange-traded commodities (ETCs), a small number
Fractional
Real owner not transferable
Tax wrappers
UK: ISA · UK: SIPP
UK buy-and-hold ETF investors, regular monthly savers, and ISA or SIPP holders who want no platform fee
Active stock traders, intraday speculators, investors wanting single company shares, and non-UK residents
Authorized by the UK Financial Conduct Authority with £85,000 FSCS coverage and no public FCA enforcement action found in our five-year check.
In this InvestEngine review, the safety picture starts with FCA authorization: the Financial Conduct Authority (FCA) authorizes InvestEngine (UK) Limited under firm reference number (FRN) 801128. If the broker were to fail, eligible UK investors have protection under the Financial Services Compensation Scheme (FSCS) of up to £85,000 per person, per firm, across all of their accounts. That cover does not protect you against investment losses caused by market performance. You can check the license yourself on the FCA Register before you open an account.
ETFs sit in a pooled client account at CREST under InvestEngine Nominees Limited, with in-specie transfers out limited to whole units.
This InvestEngine review treats custody separately because your ETFs are registered in a nominee's name rather than your own. InvestEngine holds your ETFs in a pooled client account at CREST, the UK settlement system operated by Euroclear UK and Ireland, and registers them in the name of InvestEngine Nominees Limited, segregated from InvestEngine's own investments. Uninvested cash sits separately in pooled client bank accounts at a recognized UK bank. InvestEngine's terms state that client investments are kept separate from its own assets and would not form part of its estate if the firm failed.
No commission or platform fee on DIY portfolios, but ETF costs apply and uninvested cash earns no interest.
Our InvestEngine review of fees found no commission or account fee on DIY portfolios, including InvestEngine ISA fees and InvestEngine SIPP fees, which are both £0. If you invest $300 into InvestEngine DIY portfolios every month, the platform charges no commission and no account fee. Over our ten-year model, the 121 trades incur $0 in dealing charges and $0 in account fees, and InvestEngine charges no custody fee. All of the ETFs trade on the London Stock Exchange in pounds, and InvestEngine says it does not charge an FX fee.
Access to 870+ ETFs on the London Stock Exchange in GBP, with no individual stocks or foreign exchanges.
This InvestEngine review found 870+ ETFs on the London Stock Exchange and no individual company stocks. InvestEngine focuses on exchange-traded funds from providers such as Vanguard, BlackRock iShares, Invesco, and Amundi. The range covers equities, bonds, and alternatives, and a small number of exchange-traded commodities (ETCs) are also available.
The asset selection suits long-term passive index strategies, but you cannot buy single company shares, investment trusts, or mutual funds directly. If your strategy involves picking individual equities like Apple or British American Tobacco, this platform will not meet your needs.
Clean web and mobile dashboard featuring one-click rebalancing and look-through analytics without complex active trading tools.
In this InvestEngine review, the InvestEngine app on iOS and Android sits alongside the web platform. You manage your account through InvestEngine's web platform and its iOS and Android apps. You can build ETF portfolios with target weights, place orders in a couple of clicks, and automate regular contributions with weekly, every-two-weeks, or monthly Savings Plans.
Orders are batched into one trade per ETF each day, with no limit orders and no intraday dealing.
In this InvestEngine review, once-a-day dealing is the main execution trade-off. InvestEngine deals in ETFs once a day. Instructions received before 2:00 PM (UK time) are ordinarily executed by the close of trading on the London Stock Exchange that business day, while later instructions roll to the next business day. Trades settle on a T+2 basis, and you can cancel an order only before 2:00 PM on the day it would execute.
You do not choose an order type or a price. Orders are aggregated and traded once per day, which leaves you exposed to market moves between order entry and execution. InvestEngine's execution policy also notes that very small trades may occasionally see a wider bid/offer spread because of aggregation.
Flexible Stocks and Shares ISA and SIPP accounts with no account fee, but there is no proxy voting on underlying holdings.
In this InvestEngine review, the InvestEngine SIPP has no account fee, and the InvestEngine ISA is fully flexible within the same tax year. InvestEngine offers a Stocks and Shares ISA, a Self-Invested Personal Pension (SIPP), a taxable General Investment Account (GIA), and a Business account for UK limited companies. The ISA lets you withdraw cash and replace it within the same UK tax year without using up your £20,000 annual allowance for the 2026/27 tax year. Replacements must happen in the same tax year.
Free GBP deposits and withdrawals via Open Banking, bank transfer, and Direct Debit, starting from a £100 initial minimum.
For this InvestEngine review, we looked at funding by Open Banking, bank transfer and Direct Debit; deposits and withdrawals are free. You can fund your account by Open Banking instant transfer, by manual bank transfer, or through a Savings Plan paid by variable recurring payment or Direct Debit, depending on your bank. After the £100 minimum to open a portfolio, each DIY ETF order can be as small as £1, and top-up minimums are shown on the platform.
Withdrawals are free. If you withdraw cash already sitting in your portfolio, InvestEngine usually sends it to your bank account within 1 to 2 business days. If you need to sell ETFs first, the sale is executed in the next trading window (the same day if placed before 2:00 PM), then settles over two business days before the cash can be withdrawn.
Clear ETF look-through and portfolio guides with no gamification, but no third-party equity research reports.
This InvestEngine review found no third-party research feeds, only fund-level data and portfolio look-through. Research on InvestEngine is built around fund asset allocation rather than single company analysis. Each ETF page shows fund-level data such as ongoing charge, yield, asset class, and whether the fund accumulates or distributes dividends.
The most practical research feature is Portfolio Look-through, which aggregates all of your fund holdings to reveal your true exposure to specific companies, sectors, and regions. However, InvestEngine does not offer third-party research feeds from providers like Morningstar, Refinitiv, or S&P.
Email and web-form support seven days a week, backed by FOS access but with no phone or live chat.
In our InvestEngine review, support runs by email and web form seven days a week. InvestEngine handles customer support by email and through a contact form on its website. It does not offer phone or live chat support. The team is available Monday to Friday from 5:30 AM to 11:00 PM and Saturday and Sunday from 7:00 AM to 10:00 PM UK time, including public holidays, and the Help Centre says it aims to respond within a few hours.
As of October 21, 2026, InvestEngine's homepage said it was "rated Excellent on Trustpilot". This reflects the service as a whole rather than support alone. Trustpilot reviews and posts on the InvestEngine community forum also describe slower email replies at busy times, which InvestEngine has acknowledged publicly, so response times can vary.
This InvestEngine review UK edition is written for UK residents, because by default accounts require a UK address and a UK bank account. Overseas customers may be accepted only at InvestEngine's discretion, but US citizens and US tax residents cannot open accounts. To open a Stocks and Shares ISA, you must be 18 or older and a UK tax resident. Business accounts are available to UK limited companies.
InvestEngine is among the lowest-cost platforms for UK long-term investors building passive ETF portfolios. By stripping away dealing commissions, ISA fees, and SIPP charges, it lets your money compound with fewer deductions, although ETF charges and spreads still apply.
The trade-offs suit buy-and-hold investors: you cannot trade individual stocks, orders execute once daily, and idle cash earns no interest. For disciplined index investors, these limitations may matter less than the fee savings, though how much depends on your own strategy and the size of your portfolio. Overall, this InvestEngine review scores the platform 3.6 out of 5 (Good) for long-term investors.
This InvestEngine review finds the platform suits UK buy-and-hold ETF investors who want no platform fee. If your primary goal is to build long-term wealth through passive index funds using a tax-sheltered ISA or SIPP, InvestEngine fits that goal directly. The automated Savings Plan and the absence of platform fees make regular investing straightforward. However, if you want to trade individual equities, place limit orders during market hours, or hold multiple currencies, you will need a traditional multi-asset broker.
InvestEngine makes money mainly by keeping the interest earned on uninvested client cash, so you earn nothing on idle cash. It also charges 0.25% a year on its Managed Portfolios and LifePlans, which are currently closed to new clients, while DIY portfolios carry no InvestEngine fee. InvestEngine also says it earns income from co-creating paid educational content with industry partners, and some ETF issuers on the platform pay it a fee for joint marketing activities.
InvestEngine is the trading name of InvestEngine (UK) Limited, a privately held UK company with company number 10438231 that is authorized by the FCA under FRN 801128. The InvestEngine website does not name a parent company or its shareholders, so check the company's public filings at Companies House for ownership details.
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Important information
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Our scores and cost figures are estimates, not guarantees. A Stockember Score is our editorial assessment against published criteria on the date shown. It is not a credit rating, a measure of a broker’s financial strength, or a guarantee that your money is safe. Ten-year cost figures are modeled on one fixed set of assumptions and will not match your own circumstances. Fees, protections, tax treatment, and availability vary by country and can change without notice. Broker details are reported as the broker discloses them, so check the broker’s current terms before opening an account.
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InvestEngine is the trading name of InvestEngine (UK) Limited, a privately held UK company with company number 10438231. The InvestEngine website does not name a parent company or its shareholders, so ownership details are best checked in the company's public filings. In our checks covering the past five years, we found no public FCA disciplinary notices, suspensions, or fines against the firm.
The key distinction is that InvestEngine serves only UK residents through this single domestic entity. You will not face complex cross-border structures or offshore routing, though international investors outside the UK cannot access the platform.
Bottom line: InvestEngine is FCA-authorized and covered by the FSCS for up to £85,000 per person, though only UK residents can open accounts.
“A single FCA-authorized UK entity, segregated client assets, and FSCS cover of up to £85,000 per person are the main protections for UK investors, with no offshore entity routing.”
You can invest in fractional ETF units from £1, which allows precise portfolio weightings without paying for whole fund shares. However, only whole ETF units can be moved in-specie (transferred to another provider without selling them). InvestEngine supports in-specie transfers out of a full ISA or SIPP to a provider that accepts the ETFs, with no transfer fee, but any fractional holdings are sold down and sent as cash. GIA in-specie transfers are decided case by case.
InvestEngine's official pages do not describe a securities-lending program. You can generate valuation statements, cash statements, and annual costs and charges reports from the Reports section of your account in PDF or CSV format.
Bottom line: InvestEngine protects client assets through segregated CREST nominee custody, though fractional units cannot be transferred in-specie.
“Segregated CREST custody through a dedicated nominee entity keeps asset safety aligned with long-term holding priorities, with cash-only exits for fractional holdings as the main trade-off.”
The trade-off is cash. InvestEngine keeps the interest earned on uninvested cash to fund its free service, so idle balances earn nothing. You still pay each ETF's ongoing charge, which starts from 0.03% a year on DIY portfolios and is built into fund performance, plus the bid/offer spread between the buying and selling price. InvestEngine says it makes nothing from those ETF costs. Its terms also reserve the right to apply a periodic charge to accounts with no activity for a year.
Managed Portfolios, including LifePlan portfolios, are currently closed to new clients; for existing clients they carry an InvestEngine fee of 0.25% a year on top of ETF costs and market spread, with spread costs averaging about 0.07% to 0.08% a year on those services. DIY portfolios have no InvestEngine management fee.
What you will pay over 10 years
~$0over 10 years
Commission drag
~$0
$0 × 121 buys
Custody + annual fee
~$0
no fee charged
FX conversion
~$0
0% × $46,000
Total
~$0
In our InvestEngine review, the standardized ten-year model ($10,000 initial lump sum, $300 monthly deposits across 120 months, $46,000 total capital, 121 trades, and $28,000 average asset value) puts the estimated platform cost at ~$0, excluding ETF ongoing charges and bid/offer spreads. Dealing commission is $0, the account fee is $0, and there is no custody fee or FX markup on DIY portfolios. You still pay each ETF's ongoing charge (from 0.03% a year, built into fund performance) and the bid/offer spread, which InvestEngine does not receive. Uninvested cash earns no interest because InvestEngine keeps it, so keeping cash invested matters. Managed Portfolios, including LifePlan portfolios, are currently closed to new clients; for existing clients they carry an InvestEngine fee of 0.25% a year on top of ETF costs and market spread. The figure is modeled on fixed assumptions.
Bottom line: InvestEngine's DIY portfolios carry no commission or platform fee, though ETF costs apply and idle cash earns nothing.
“No commission and no platform fee on DIY accounts keep costs low, provided you keep cash invested and account for ETF charges and spreads.”
All accounts operate in British pounds, so there is no multi-currency cash balance. You can invest in fractional ETF units from £1, and AutoInvest puts uninvested cash to work automatically, including distributions from distributing ETFs, according to your target weights. Savings Plans can be set to invest weekly, every two weeks, or monthly.
Bottom line: InvestEngine provides a focused range of 870+ ETFs for index investors, but traders seeking single stocks must look elsewhere.
“Limiting products to LSE-listed ETFs removes stock-picking temptation, though it caps flexibility for broader multi-asset portfolios.”
The key portfolio feature is Portfolio Look-through. Rather than showing only top-level fund names, it breaks your investments down into underlying companies, sectors, regions, and asset classes. You can also rebalance a DIY portfolio back to your chosen weights in one click, which generates the buy and sell trades for you.
Because InvestEngine deals in ETFs once a day rather than in real time, the platform is built around portfolio construction and tracking rather than technical charting. Its ETF range page lets you filter by asset class, provider, accumulating or distributing, currency hedging, and ESG, and sort by ongoing charge and yield.
Bottom line: InvestEngine provides an accessible and focused platform for automating ETF portfolios, though active technical traders will find the toolset minimal.
“Automated rebalancing and underlying portfolio look-through give passive ETF investors practical portfolio management without unnecessary trading clutter.”
All trading is conducted through a single execution venue, Winterflood Securities Ltd, mainly on the London Stock Exchange. InvestEngine says it does not receive payments, inducements, or non-monetary benefits that could impair best execution, and that it does not trade on its own account. Fractional orders are executed at prices generally consistent with the prevailing bid/offer, although prices may occasionally fall outside the spread.
Bottom line: InvestEngine provides once-a-day order execution for passive accumulation, but investors who need immediate order control will find it unsuitable.
“A single daily dealing window keeps costs low and fits dollar-cost averaging, while discouraging intraday market timing.”
Money in a SIPP is generally locked in until you reach the normal minimum pension age (currently 55, rising to 57 from April 2028), and the tax treatment depends on your personal circumstances.
None of these accounts carries an account fee. Distributions from distributing ETFs arrive as cash, and with AutoInvest switched on they are invested across your portfolio according to your target weights. Accumulating ETFs reinvest dividends inside the fund instead.
Withholding tax on international dividends is applied at fund level and is reflected in each ETF's performance, so you do not see it directly. All ETFs on the platform have UK Reporting Fund status, and you can download Consolidated Tax Certificate (CTC) and capital gains tax (CGT) reports from your dashboard. As an ETF holder, you cannot vote on resolutions at the companies held inside the funds.
Bottom line: InvestEngine provides tax-efficient wrappers for UK long-term builders, though investors seeking JISAs or corporate voting rights will miss out.
“Offering both a flexible ISA and a SIPP with no account fee may suit investors building retirement and tax-free savings over the long term, though investment values can fall as well as rise.”
Because InvestEngine is a single-currency platform denominated in British pounds, there are no multi-currency accounts or foreign exchange wallets. Deposits and withdrawals use your nominated UK bank account.
Bottom line: InvestEngine provides free, simple sterling transfers through Open Banking, bank transfer, and Direct Debit, though it lacks multi-currency capabilities.
“Relying on Open Banking, bank transfers, and Direct Debit keeps funding costs at zero for UK bank account holders.”
Educational material is available through the InvestEngine Insights hub and the Help Centre, which explain ETF mechanics, asset allocation, and UK tax wrapper rules in a straightforward way. The platform interface does not use badges or similar gamification to encourage frequent trading.
Bottom line: InvestEngine offers practical ETF portfolio analytics and clean educational guides, though it lacks third-party institutional research.
“Focusing educational content on asset allocation while avoiding gamification supports disciplined long-term habits.”
InvestEngine runs a public community forum for customer questions. For formal complaints that remain unresolved, customers can escalate to the UK Financial Ombudsman Service (FOS).
Bottom line: InvestEngine provides email support seven days a week with a target response time of a few hours, though clients who prefer phone or live chat will need to rely on email.
“Seven-day email support and a public community forum add accountability, but the lack of phone or chat limits urgent help.”
Yes, InvestEngine says its Stocks and Shares ISA is fully flexible. You can withdraw money and replace it within the same UK tax year without using more of your £20,000 annual allowance for the 2026/27 tax year, and your dashboard shows how much you can still replace. If your money is invested, you must sell ETFs first. The sale settles over two business days, and the withdrawal then usually reaches your nominated UK bank account within 1 to 2 business days.
No. InvestEngine does not pay interest on uninvested cash in its ISA, SIPP, GIA, or Business accounts. It keeps the interest paid by its banking and custody partners as part of how it funds the service, so idle cash earns nothing. Switching on AutoInvest puts cash to work automatically, and InvestEngine suggests moving cash you do not plan to invest to an interest-bearing account.
