InvestEngine or Vanguard – which is better for UK traders 2024? Compare InvestEngine and Vanguard in this detailed breakdown of their platforms, features and fees.
InvestEngine was founded in 2019 by the founders and CEOs of Gumtree and Ramsey Crookall, a successful independent wealth management firm. The company is regulated in the UK by the FCA and has planted itself as a strong competitor within the retail stock trading space, offering managed and DIY investment portfolios and access to more than 550 global ETFs.
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
We were impressed by the company's provision of analytics reports and strategy advice, as well as top product picks and a detailed blog
Hands-on investors can benefit from completely free access to InvestEngine's services, only paying for any dealing charges
We think the firm's investment platform is intuitive and impressive, making the whole experience simple and stress-free
InvestEngine clients have a wide choice of investment and savings accounts to tailor solutions to their goals
Managed portfolios provide professional advice and expert picks for a commission of only 0.25%
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
Any clients looking for long-term gains from individual company stock investments must look elsewhere as InvestEngine limits its products to ETFs
Despite offering several account types, the firm does not support Lifetime ISAs or Self Invested Pension Pots (SIPPs)
No tiered services for high-net-worth investors
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
