InvestEngine Review 2026
InvestEngine is the cheapest way to run an ETF portfolio in the UK, full stop. Its DIY service charges no platform fee, no dealing commission and no FX fee — every ETF is GBP-denominated — across General, ISA and SIPP accounts. You pay only each ETF's own ongoing charge. The trade-off is scope: it is ETF-only, so there are no individual stocks, and its low-cost Managed Portfolios (0.25% a year) are currently closed to new clients.
Reviewed by Yaniv Barshaf, CPA · Fees verified 17 August 2026 · Our methodology
Disclosure: FeesWizard may earn a commission if you open an account through links on this page. This never affects our fee data or rankings — how we make money.
Our verdict on InvestEngine
For passive UK index investors, InvestEngine's zero-fee DIY platform with a free ISA and SIPP is the lowest-cost option available — just accept that it is ETFs only, with no individual stocks.
Get started with InvestEngineCapital at risk. This is not financial advice. Investing involves risk of loss.
Fees
- stock Commission: £0 dealing commission on all ETFs (DIY portfolios); no platform fee
- withdrawal: Free — no withdrawal fee
- inactivity: None
- conversion: No FX fee — all ETFs are GBP-denominated
- spread: Market spread applies to ETF trades; InvestEngine adds no markup
Wondering how your money is protected? Read what happens if a broker goes bust →
Who InvestEngine is best for
InvestEngine suits passive, cost-obsessed investors building an index portfolio — especially inside the free ISA or free SIPP — and anyone automating monthly investing with its AutoInvest and fractional ETF features. It is the wrong choice if you want to buy individual company shares, trade actively, or access markets beyond its GBP-denominated ETF range.
InvestEngine fees in plain English
The DIY fee schedule is simply zero: no platform fee, no dealing commission, no FX fee, no withdrawal fee and no inactivity fee. Because all ETFs are priced in sterling, currency conversion never enters the picture — the only recurring cost is each ETF's ongoing charge, paid to the fund manager, plus normal market spreads. The minimum to open a portfolio is £100, with top-ups from £1 per ETF order.
Safety and regulation
InvestEngine is authorised and regulated by the FCA and has operated since 2019. Eligible client assets are covered by the FSCS up to £85,000 in the event of firm failure. Protection covers the platform failing, not your ETFs falling in value — capital at risk.
How InvestEngine compares on cost
For a pure ETF portfolio, nothing in our comparison beats zero-everything: Trading 212 comes closest with 0% commission and a 0.15% FX fee, but InvestEngine removes even that by staying GBP-only. The gap flips the moment you want individual shares, which InvestEngine simply does not offer — that is where Trading 212 or Freetrade take over. Run your profile through our fee calculator to see it in numbers.
Our InvestEngine score: 4.6/5
How this is calculated →Computed from the fee data on this page, not assigned by hand. Our commercial relationships are not an input.
- Cost (45% of the score)100/100
Averages 0.00% of the portfolio a year in charges across our three benchmark investors.
- Regulation & protection (20% of the score)75/100
Regulated by FCA. Tier-one regulators (FCA, BaFin, SEC and equivalents) carry the most weight.
- Market & account breadth (15% of the score)66/100
Covers 1 of the asset classes we price and 2 account types.
- Accessibility (10% of the score)100/100
Minimum deposit £100; supports fractional shares; has mobile app.
- Fee transparency (10% of the score)100/100
Publishes a schedule complete enough to model every charge and charges no inactivity fee.
Pros and cons
InvestEngine
Pros
- +Zero platform fee and zero dealing commission on DIY portfolios
- +No FX fee — all ETFs are priced in GBP
- +Free ISA and free SIPP, plus fractional ETF investing and AutoInvest
- +No withdrawal or inactivity fees
Cons
- −ETFs only — no individual stocks
- −£100 minimum to open a portfolio
- −Managed Portfolios (0.25%/yr) are currently closed to new clients
InvestEngine
Best for zero-fee DIY ETF investing with a free ISA and SIPP
Capital at risk. This is not financial advice. Investing involves risk of loss.
InvestEnginefees & safety, in depth
Compare InvestEngine head-to-head
InvestEngine vs alternatives
| Feature | InvestEngine | Lightyear | Trading 212 |
|---|---|---|---|
| Rating | 4.6 / 5 | 5 / 5 | 4.9 / 5 |
| Stock commission | £0 dealing commission on all ETFs (DIY portfolios); no platform fee | UK personal accounts (GIA and ISA): no execution fee on UK, US and European stocks or ETFs. EU accounts: GBP 1 per order on UK stocks, EUR 1 per order on EUR-denominated stocks, 0.1% on other European stocks, and 0.10% (min $0.10, max $1) on US stocks. ETFs are execution-fee-free on both. | 0% |
| Withdrawal fee | Free — no withdrawal fee | Free by local bank transfer. USD wire payments are charged (up to $8.50 UK, $6.11 EU). | Free |
| Inactivity fee | None | None | None |
| Min deposit | £100 | None | £1 |
| Fractional shares | Yes | Yes | Yes |
| Demo account | No | No | Yes |
| Regulators | FCA | FCA, EFSA | FCA, CySEC |
Frequently Asked Questions
Is InvestEngine safe and legit?
InvestEngine is regulated by FCA and has operated since 2019. All investing carries risk of loss.
What are InvestEngine's fees?
Stock commission: £0 dealing commission on all ETFs (DIY portfolios); no platform fee. Withdrawal: Free — no withdrawal fee. Inactivity: None.
What is the minimum deposit for InvestEngine?
The minimum deposit is £100.
InvestEngine
Best for zero-fee DIY ETF investing with a free ISA and SIPP
Capital at risk. This is not financial advice. Investing involves risk of loss.