InvestEngine Review 2026: Genuinely Zero Fees, for Exactly One Kind of Investor
Score: 67/100. Rank 8 of 10. Verified 19 September 2026.
Cost 30% | Accounts 15% | Range 15% | Research 10% | App 10% | Cash 10% | Trust 10% |
10.0 | 6 | 4 | 5 | 8 | 3 | 6 |
Verdict in one paragraph
Imagine setting up a three-ETF portfolio, telling the app to invest £500 on the first of every month, to keep the weights at 60/30/10, and to reinvest dividends, and then not paying the platform a penny for the next twenty years. That is InvestEngine's DIY service, and in our model it is the only platform whose true cost is £0 in every scenario. It ranks eighth rather than first because the cost score is only 30% of the total and InvestEngine is deliberately narrow: ETFs only, no shares, no funds, no interest on cash, no Junior or Lifetime ISA, and no US citizens. If a diversified ETF portfolio is your whole plan, it is the cheapest possible way to run it.
Who it is for
Passive investors who hold a handful of ETFs in an ISA, SIPP or general account and want automation rather than choice. Also a strong option for business owners: the Business Account lets a limited company invest surplus cash with the same zero fees.
InvestEngine Fees
Item | Charge |
Platform fee, DIY portfolios (ISA, SIPP, GIA, Business) | £0 |
Managed portfolios | 0.25% a year, plus ETF costs (average 0.12% in Growth portfolios) |
Dealing commission | £0 |
FX | None (GBP-listed ETFs only) |
Opening, closing, transfers, withdrawals | £0 |
Interest on cash | None; InvestEngine retains it |
The only costs you bear are the ETF OCFs themselves (from 0.03%) and market spreads.
Accounts
Stocks and Shares ISA (flexible), SIPP, General Account and Business Account. No Junior ISA, Lifetime ISA or Cash ISA. The SIPP accepts personal contributions only and offers drawdown; minimum opening investment £100, minimum regular contribution £50 a month or £20 a week.
Investment range
Several hundred ETFs from the major issuers, with fractional investing so every pound is deployed. No individual shares, no OEIC funds, no investment trusts, no bonds outside ETF wrappers. In-specie transfers in are accepted for ETFs only; anything else must be sold first.
Research and tools
Where InvestEngine earns its keep. Savings Plans automate contributions, AutoInvest deploys cash into your target weights, one-click Rebalance restores them, and the portfolio look-through shows your true regional, sector and holding exposure. There is no stock research because there are no stocks.
The catches
ETFs only. No Fundsmith, no individual shares, no gilts held directly.
No interest on cash. Uninvested money earns nothing, so keep it fully invested.
No US citizens, even UK-resident dual nationals.
No JISA or LISA.
Smaller company. A relatively young, privately owned firm still building scale.
Managed service is not free. 0.25% is competitive but it is the same order of magnitude as AJ Bell's platform fee.
Trust
InvestEngine (UK) Ltd is FCA-authorised with FSCS cover of £85,000. Trustpilot rates it around 4.6 to 4.7 on some 4,900 reviews. It is smaller and younger than the other nine, which is reflected in its trust score, but client assets are segregated in the normal way.
Pros and cons
Pros: truly zero fees for DIY; fractional ETF investing; best automation tools; SIPP and Business Account included; flexible ISA.
Cons: ETFs only; no interest on cash; no US citizens; no JISA or LISA; small company.
Frequently asked questions
How does InvestEngine make money if it is free? From the 0.25% managed service, the interest it retains on client cash, and its Business Accounts. The DIY service is a customer-acquisition channel.
Is InvestEngine better than Vanguard? For an ETF investor, yes on cost: £0 against Vanguard's £4 a month or 0.15%, and you can hold iShares, Invesco and other issuers as well as Vanguard. Vanguard offers its own active and LifeStrategy funds, which InvestEngine cannot.
Does InvestEngine have a SIPP? Yes, with no account, dealing or transfer fees. Personal contributions only, from £50 a month.
Sources
Fee comparison table (data as of 7 July 2026): https://investengine.com/compare/fees/
Who can open an account (US citizens excluded): https://help.investengine.com/hc/en-gb/articles/4910307855645-Who-can-open-an-InvestEngine-account
Trustpilot: https://uk.trustpilot.com/review/www.investengine.com Alpesh Patel is a fund manager and the founder of Campaign for a Million. This page is information and opinion, not a personal recommendation or financial advice. Capital is at risk. Tax treatment depends on individual circumstances and may change. Campaign for a Million receives no payment from any platform listed.
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