InvestEngine Review

InvestEngine review

The Two Minute Review

90% The Grade
Investing is never free – but InvestEngine is getting pretty darn close. No fees are charged if you’re doing DIY investing and their managed service charges a very low 0.25%.  You can only invest in ETFs (i.e. baskets of stocks or assets) so it’s not for the wannabe day trader looking for detailed tools and analysis and a quick return. For the rest of us who want to see sensible returns over the medium to long term it offers a lovely user experience and the ability to trade ETFs at a shockingly low price. 
Get a welcome bonus of up to £50.

As a reader of The Grade, you're entitled to a bonus of up to £50 when you invest £100 at InvestEngine. This is on top of the ISA bonus of up to £2,500 that InvestEngine is currently running (see details here).

T&Cs apply.


  • 💸 Fee-free investing on DIY account & only 0.25% fee on managed portfolios.
  • #️ 580+ ETFs to choose from including most major providers.
  • 📱 Lovely platform that offers detailed insight into what makes up each ETF and its performance.
  • 🧩 Fractional investing is available.
  • 🖱️ One-click account rebalancing and auto-invest.


  • 🧺 You can only pick ETFs, not individual stocks.
  • 💷 Will need to deposit £100 to start using the platform.
  • ❌ Doesn’t have Vanguard LifeStrategy funds. 
  • 👴 No personal pensions yet – but they are coming soon.
  • 👶 No Junior or Lifetime ISAs.
  • 🌍 Managed portfolio account does not offer an ethical fund option.
  • 🐢 Some users complain about the slowness of orders being executed.
Expert score
User score
The Deep Dive

What The Experts Say

Up The Gains logo


InvestEngine is as close to free investing as possible.
Fool logo


InvestEngine is a breath of fresh air in the current investing solutions space.
Finder logo


InvestEngine is really easy to set up — I’m fairly confident that I could hand my phone to my mum and she’d figure it out in no time

What Users Say

Trustpilot logo


InvestEngine has a Trustpilot rating of 4.4 but here at The Grade we like to dig a bit further.

When you exclude reviews the company itself invited and look only at organic reviews the average score is 4.37.
Good Money Guide logo


Readers of Good Money Guide gave InvestEngine a score of 4.78 out of 5.
Finder logo


Finder readers gave InvestEngine a score of 3.7 out of 5.
Boring Money logo


Boring Money users gave InvestEngine a score of 4.5 out of 5.
App store logos


iOS users rated the app as 4.7 out of 5, while Android users gave it 4.6 out of 5. This gives it an average app score of 4.65.

Some Interesting User Comments

We spend hours reading user comments to see what feedback people are giving. Here are some positive and critical comments that stood out to us:




Great for passive investors.

Considering how new the platform is, it’s a strong platform. The app isn’t really quick on updating prices on stocks, you just sorta buy, set and forget unlike other investment platforms that fluctuate constantly. For improvements, when browsing for ETFs, the second you click off, it automatically scrolls back up to the top of the list. It is annoying, because you then have to scroll all the way back down just to get back to where you were.


The BEST way to invest!

ETF only platform. Zero fees. Perfect customer service! You get a real human response in under 10 minutes. Thanks Paul, Omar and Anne at customer service! What’s to offer? You can choose from a D.I.Y or Managed portfolio. With D.I.Y, you choose your ETFs and the allocation %. With the Managed service, InvestEngine does everything for you; chooses the ETFs, sells, rebalances the portfolio and more! You just have to invest money into the account and let the engine run for you! You can set up a monthly standing order if you prefer to be less hands on. FEES: As of now, InvestEngine only makes money through their Managed service. The annual fee for the Managed service is just 0.25% and the additional ongoing costs of the ETFs. D.I.Y is the free offering. The only thing you’ll pay is the ongoing annual charges of the ETFs that you choose. You can create a diversified ETF portfolio for less than 0.10% a year in costs! The ETF costs are not dictated by InvestEngine, and are the same cost for any investment platform. However, other platforms charge account fees which InvestEngine does not (as of this review). This means InvestEngine has the lowest fees of any platform! Account types: You can do all this within an ISA or a General Investment Account. The GIA is liable to tax, the ISA isn’t. You can invest up to £20,000 per tax year within the ISA and any profits that are made on that money are tax free! Both account types are free to use, so I’d strongly recommend utilising your ISA if you haven’t already! Orders: Orders are bulk bought at around 2pm, so make sure to get your orders in before then! If you order after 2 p.m., your order will go through the following working day. Once the trades are executed, you’ll receive a confirmation email of the trades that were made, the price and the amount of shares that were bought per ETF. Trades can take up to a week to settle, but this isn’t a problem, as ETFs are for long term investing, not day trading! There’s nothing I can fault with this platform/service, Highly recommend it in every aspect!


Good app, low fees, good ETF range but some issues.

Good app with low management fees and customer service is pretty quick though you can only email them. Downsides are you can only have 1 nominated bank account and can only use that account for deposits. Doesn’t seem to be flexible and the only way to change this account is through the customer service email team so at least 24 working hours to make the changes depending on when you contact them. The orders execute everyday at 2.30pm roughly but takes 4-5 hours for your account to reflect the order post completion which is a tad annoying. But overall very good app and good service, great ranges of ETF and DIY option is super low cost to manage.




Slick app but very disappointing return on investment so far


Good overall, however…

Very easy and cheap platform but only ETFs. Would have been superb if there were stocks as well. Any chance for stocks in the future?


IE has the slowest order execution from any of the services/apps I’ve tried.

The Deep Dive


InvestEngine was established in 2019 by Andrey Dobrynin and Simon Crookall (who previously founded Gumtree). InvestEngine initially offered managed portfolios for individual investors but the platform then expanded its services to include DIY investing options and business accounts.

Focused on Exchange Traded Funds (ETFs), InvestEngine aims to provide cost-effective, accessible investment solutions. The founders’ vision was to democratize investing by leveraging technology, offering both novice and experienced investors tools for building diversified investment portfolios. As Crookall has said, other companies “push the trending stocks. What’s hot with other investors, while that really shouldn’t matter for the long-term investor.”

It has raised over £3.7 million in crowdfunding and recently revealed it has over 23,000 customers and £150 million in assets under management.

What is an ETF?

🧺 An ETF, or Exchange Traded Fund, is like a basket of investments.

It can include all sorts of things like stocks, bonds, or gold. Usually, they have a theme like “emerging markets” or “green technology companies”.

You can buy and sell shares of an ETF just like you would with a regular stock on the stock market. When you buy shares of an ETF, you’re buying a little piece of everything in that basket. This means you don’t have to pick individual stocks or assets; the ETF does it for you. They’re popular because they’re easy to trade, usually have low fees, and let you invest in a bunch of things at once, spreading out your risk.

Get a welcome bonus of up to £50.

As a reader of The Grade, you're entitled to a bonus of up to £50 when you invest £100 at InvestEngine. This is on top of the ISA bonus of up to £2,500 that InvestEngine is currently running (see details here).

T&Cs apply.

Account Types

🏦 InvestEngine offers three types of accounts.

General Accounts: Tailored for individual investors, these accounts allow users to invest in a range of exchange-traded funds (ETFs) to meet their personal financial goals.

ISA Accounts: These are Individual Savings Accounts that offer tax benefits to UK investors. InvestEngine’s ISA accounts enable users to invest in ETFs while potentially reducing their tax liability. You can invest up to £20,000 in this account and all the gains you make from it will be tax-free.

Business Accounts: Designed for companies, these accounts provide a platform for businesses to invest their surplus cash. Business accounts offer a corporate investment solution, helping companies grow their funds through ETF investments.

SIPP: A SIPP, or self-invested personal pension, is a type of personal pension available in the UK that offers individuals a greater degree of freedom and control over their retirement savings. With a SIPP, individuals can choose and manage their own investments from a wide range of options, including stocks, bonds, mutual funds, and exchange-traded funds. This flexibility allows for a more tailored approach to retirement planning, but it also requires a good understanding of financial markets or the ability to seek professional advice. Contributions to SIPPs qualify for tax relief, providing a boost to the individual’s retirement savings. SIPPs are generally more suitable for those who are comfortable managing their own pension and are prepared to take on the associated investment risks. InvestEngine has been offering these accounts since January 2024.

In our tests, we were able to open an account in just over 10 minutes. You will need to be resident in the UK and over 18. We were asked to provide a selfie of a passport and a copy of a bank account from the last 3 months. However, not everyone has to provide both of these. 

Once you’ve opened your account with InvestEngine, you can choose between two main investment options:

DIY Investing: This option is for those who prefer a hands-on approach. You can build and manage your own investment portfolio by selecting from a range of ETFs offered by InvestEngine. This allows you to tailor your investments to your specific interests, risk tolerance, and financial goals.

Managed Portfolios: If you prefer a hands-off approach or are new to investing, you can opt for a managed portfolio. In this option, InvestEngine’s experts will create and manage a diversified ETF portfolio for you. They’ll select investments that match your risk profile and investment objectives, and they’ll continue to manage and rebalance the portfolio as needed to stay aligned with your goals. To set this up you will be asked a series of questions to understand your risk level. These include:

  • Your annual salary.
  • Your investing timeframe.
  • Whether you want to minimise losses or maximise profit.
  • What you would do if there was a downturn (e..g. sell your portfolio or wait).
  • How big a loss can you sustain before it affects your standard of living (5%, 25% or unlimited).
  • Whether you prefer a guaranteed rate of return to uncertain returns.
  • Whether you need to withdraw any funds in the next 5 years.
  • The types of financial instruments you have invested in before (e.g. shares, bonds, ETFs, hedge funds).

Once done you will be presented with a suggested portfolio. However, you can manually adjust your level of risk and see a projection of returns. At each stage you can view what selection of ETFs has been put together to create your portfolio.

InvestEngine platform tested

Range of Investments

#️⃣ Over 580 ETFs.

If you go down the DIY investing route, there are currently over 580 funds listed on the platform. There’s a range of different providers but they have most of the big names on there like BlackRock, iShares, Invesco and HSBC. They also list Vanguard but do not have access to the popular LifeStrategy funds.

There is an “ETF Range” tab that makes it easy to search for funds by theme (e.g. money market funds, emerging markets, cloud computing) as well as industry (e.g. property, finance, healthcare). In fact, search is a real plus point as InvestEngine makes really good use of labels to help you find the sort of investment packages you’re looking for:


🙂 It’s not a full-on trading platform, but what it does it does very well.

The Awesome Platform

In our tests, we loved the design and user experience of the app which gives you highly detailed information about the funds available but in a way that doesn’t feel too overwhelming. When viewing any fund you get a breakdown of its performance over time plus its holdings and the sectors and regions it represents. This might sound like a simple thing but on other platforms this can be really tricky (and often impossible) to get your hands on.

InvestEngine ETF picking reviewed

Similarly, you get a great breakdown of your own investments when you click on the “analytics” tab.

If you’re planning on being the next Michael Burry this won’t be enough info for you – but for the average investor interested in ETFs, it gives just the right level of info cleanly and simply. Bravo!

Fractional Investing

Fractional investing allows you to purchase a portion of a share, rather than requiring the purchase of a whole share. This means even with a small amount of money, you can invest in high-priced ETFs, making it easier to diversify your portfolio. For example, the Invesco Nasdaq 100 fund has in recent times risen to over £300 a share which might preclude some smaller investors from buying it. Through InvestEngine you could buy a proportion of a share to bring the cost down.

Smart Portfolios

When setting up a portfolio you can set the “weights”, i.e. the percentage you want to invest in each ETF. If you decide to make regular payments to this portfolio you can decide to auto-invest these based on the weights you have chosen.

ETF weighting feature

Of course, over time you can adjust each portfolio if you wish. However, if your portfolio gets out of line with your desired weighting you can use the “one-click rebalancing” tool to bring it back in line. In reality, it takes a few clicks but it’s still a neat feature.


💰 Incredibly cheap.

This is what attracts most people to InvestEngine initially and we have to say, we’re not quite sure how costs are being kept so low.

You will pay a different amount depending on the type of account you have chosen:

DIY Accounts

InvestEngine seems to make no money at all from DIY portfolios (excluding SIPPs) as you pay no set-up, account, trading, ISA or FX fees. 

This is how it compares to competitors:

We worked out the example cost based on your investing £5,000 and making one trade a month for a year. In our example, your account does not make a profit or loss.

This shows the gulf in price that has opened up between the more traditional brokers and the newer digital investment companies. However, even Freetrade and Lightyear have a way to make money – namely when you trade individual stocks. The only way InvestEngine currently generates revenue is through its managed service (see below).

Amazingly, Vanguard funds are cheaper to buy through InvestEngine rather than through Vanguard’s own platform (though do note not all Vanguard funds are available).

You should also note that the ETF funds themselves have their own costs. These can be as low as 0.07% but we have seen them go, in rare cases, as high as 0.89%. There is also an “ETF spread cost” – the difference between the buying price (ask) and the selling price (bid) of an ETF, representing the transaction cost paid by the investor when trading. On average this is 0.07%. These fees are incurred whatever platform you trade ETFs through and none of this money goes to InvestEngine. 

Managed Portfolio Costs

This is the same cost as the DIY account except for a 0.25% annual charge. For comparison, Nutmeg charges 0.75% on the first £100,000 of each account it manages.

All this makes InvestEngine an incredibly cheap option for investing. Our only niggle with this is that it feels too good to last and we do wonder if at some stage the DIY portfolios will start to attract more fees.


To quote from InvestEngine: “You’ll pay 0.15% for your InvestEngine SIPP, capped at £200 per year. You can then build your own portfolio commission-free, or leave it to InvestEngine’s experts to manage a SIPP portfolio on your behalf for 0.25%”. Again, it’s remarkably inexpensive compared to the competition.

How good is customer service?

📧 Email or contact form only, but responsive.

As is becoming standard with digital startups there is no way to speak to a human at InvestEngine. To get a query resolved you will have to email or fill in the contact form on the web or app.

However, when we tested this, customer support was super quick to reply, answering our query in less than two minutes.

There is also a detailed, searchable help database as well as a fairly active community forum where troubleshooting queries are regularly posted and resolved.

Is it good for beginners?

🧑‍🎓 Yes, but we’d like to see more education resources.

Yes, InvestEngine is geared towards being beginner-friendly, especially with its Managed Portfolio services where investment decisions are made for you based on your risk appetite and financial goals. The fact it is entirely focused on ETFs also means you won’t have to get into the detail of trying to pick stocks but instead can focus on industries or thematic trends that you think will win over the long term.

In terms of education, you will probably want to look elsewhere. While they do have a blog with well-written articles, we didn’t find it to be structured enough to give a beginner a proper education in how to trade. The main topics discussed in the community seem to be help using the platform and feature requests.

Is it safe?

🔒 It’s highly regulated.

InvestEngine is FCA-regulated and therefore has to adhere to a strict set of codes. The FCA mandates, for example, that InvestEngine maintains client funds and assets separately from its own corporate accounts, a process known as ‘ring-fencing’. This separation is critical as it protects investors’ shares and funds from being used for any other purpose, such as company operations or recovery in the unlikely event of the firm’s insolvency. 

Alongside this, InvestEngine’s inclusion in the Financial Services Compensation Scheme (FSCS) provides further assurance, offering compensation coverage for any cash and value of assets held in your account up to £85,000 in the event of InvestEngine’s insolvency.

So in conclusion, is it a good platform?

Yes, it’s fantastic. For anyone looking to just invest in ETFs there isn’t a cheaper option we know of.

Note: When investing, your capital is at risk.