Bestinvest or Vanguard – which is better for UK traders 2024? Compare Bestinvest and Vanguard in this detailed breakdown of their platforms, features and fees.
BestInvest is an FCA-regulated investment platform with thousands of low- or zero-fee US and UK stocks traded via a browser interface or mobile app. Traders can choose between self-directed investment accounts and ISAs or managed accounts. The brand has picked up multiple awards for its trading products.
Vanguard is a US-headquartered brokerage with 50 million clients globally and $8+ billion in assets under management. The brands offers investing in stocks, mutual funds, bonds, ETFs and options with low fees. The trusted broker is regulated by the SEC, FINRA and FCA.
Pros
Trustworthy firm with regulatory oversight from the FCA
Self-directed trading plus ISAs and managed portfolios
Free financial planning and coaching
Low minimum deposit
Trusted since 1975 with strong regulatory oversight in the US and UK
Retirement and ISA accounts available alongside traditional investing solutions
Fully managed accounts providing a hands-off approach to investing
Excellent education and user guides compared to alternatives
Competitive fee structure with a 0.15% account fee
Commission-free stock and ETF trading
Well-designed mobile app
ESG funds available
Cons
Few payment methods
High fees for some portfolios
No margin trading
No demo account
Limited payment methods - credit cards, cheques and e-wallet are not supported
High minimum investment amounts, including $3000 for the majority of mutual funds
No demo account available to practise trading risk-free
Focused on US clients
Awards
Boring Money Best Buy ISA winner 2023
Boring Money Best for Beginners winner for 2023
Forbes Advisor - 2022 Best for low-cost Ready-made Portfolios
Bestinvest 2022 Stock & Share ISA Innovation
Best Junior ISA
Bestinvest voted Best ISA Provider 2020
Best Low-cost SIPP Provider 2018
Bestinvest wins Best Online/Execution-only Stockbroker 2017
