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Richard Berry
- Updated
Fund platforms enable clients to buy and sell investment funds such as ETFs, open-ended funds, investment trusts, and index funds. We have tested, ranked and reviewed the best fund platforms in the UK that are regulated by the FCA.
Compare Fund Platforms
| Fund Platform | Fund Account Fee | Fund Dealing Commission | GMG Rating | More Info |
|---|---|---|---|---|
 | £4.99 a month | £7.99 | Visit Platform Capital at risk |
|
 | 0.45% – 0.1% | £0 | Visit Platform Capital at risk |
|
 | 0.25% – 0.1% | £1.50 | Visit Platform Capital at risk |
|
 | 0.4% – 0.1% | £0 | Visit Platform Capital at risk |
|
 | 0.15% | £0 | Visit Platform Capital at risk |
|
 | 0.4% | £0 | Visit Platform Capital at risk |
Our picks of the best fund investing platforms
❓Methodology: We have chosen what we think are the best fund platforms based on:
- over 30,000 votes and reviews in our annual awards
- our own experiences testing the fund platforms with real money
- an in-depth comparison of the features that make them stand out compared to alternative fund investing platforms.
- interviews with the fund platform CEOs and senior management
Summary:
- Interactive Investor: Best overall fund platform 2024
- AJ Bell: Best for low-cost fund investing
- Bestinvest: Good for fund investing advice and guidance
- Dodl: Easy-to-use fund investing for beginners
- Hargreaves Lansdown: Excellent fund portfolios and analysis
- TILLIT: A curated fund universe for long-term investors
Interactive Investor: Best overall fund platform 2024
🏆Award Winner🏆
- Available funds: 3,000
- Fund account fee: £9.99 per month
- Fund dealing commission: £3.99
- Minimum investment: £1
Interactive Investor won best fund platform in our 2024 and 2022 awards as you can invest in over 3,000 funds with help from II’s impartial experts who have selected ideas for a wide range of active and passive funds, investment trusts, and exchange-traded funds (ETFs). The ii Super 60 fund selections are designed to suit all investors, while our ACE 40 list highlights the best-in-class ethical funds.
Interactive Investor Fund Fees:
*Fund dealing commissions are a free trade every month, then charged £7.99 or you can upgrade to a £19.99 “Super Investor” account 2 free monthly trades and deal for £3.99. Regular investing is free.
Interactive Investor Review
Name: Interactive Investor
Description: Interactive Investor or II as its known is one of the UK’s largest self-determined investor platforms. II can trace its roots back to 1995 and the startup floated on the London stock exchange back in the year 2000 before being bought by the Australian business Ample in 2002. Today, Interactive Investor is a owned by abrdn with assets under administration of more than £50 billion and 400,000 customers to whom II offers share trading and investment services including, ISAs SIPPs and share dealing, alongside research and analysis. Including model portfolios, selected funds and thematic investments.
Why we like them
Interactive Investor differs from other investment platforms as it charges a fixed account fee, rather than a percentage of the funds you have on account. Which, over time, could save you thousands in costs.
Pros
- Fixed account fees
- Easy to use
- Good research
Cons
- No Lifetime ISA
- Expensive for very small accounts
- No derivatives for hedging
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Pricing
(4)
-
Market Access
(4)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4AJ Bell: Best for low-cost fund investing
- Available funds: 2,000
- Fund account fee: 0.25%
- Fund dealing commission: £1.50
- Minimum investment: £500
AJ Bell offers a fantastic selection of funds for investors. Currently, there are more than 2,000 funds on the platform. These funds – which include both active and passive funds – offer access to specific asset classes, markets, and geographical locations. You can invest as little as £25 per month into funds with the company’s regular investment service.
AJ Bell Fund Fees:
AJ Bell charges 0.25% for fund account which reduces to 0.10% on the value of your funds between £250,000 and £500,000. There is no charge above £500,000. Dealing costs are £1.50.
AJ Bell Review
Name: AJ Bell
Description: AJ Bell is an award-winning, low-cost online investing platform for UK DIY investors. Founded in 1995, AJ Bell has grown to become one of the UK’s leading investment platforms. Today, it has more than 440,000 customers and assets under administration (AUA) of over £150 billion.
Summary
AJ Bell is an excellent full-service stock broker that offers access to UK and international shares, bonds and funds with some of the lowest fees in the industry.
Pros
- Wide range of investments
- Low account costs
- Discounts for frequent investors
Cons
- High charge when you deal over the phone
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Pricing
(4.5)
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Market Access
(4.5)
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Online Platform
(4.5)
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Customer Service
(4.5)
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Research & Analysis
(4)
Overall
4.4Bestinvest: Good for fund investing advice and guidance
- Available funds: 1,000
- Fund account fee: 0.2%
- Fund dealing commission: £4.95
- Minimum investment: £1
Bestinvest has combined low-cost online investing and share dealing with personalised expert advice to help clients choose the right investments for their portfolio. A good choice for large long-term investors.
Bestinvest Fund Fees:
Bestinvest charge a 0.2% account fee for holding ready-made portfolios. Above £500,000 it reduces to 0.1%. For other investments, the account fee is 0.4% up to £250k. Dealing commissions £4.95 per online share trade, fund dealing is free.
Bestinvest Review
Name: Bestinvest
Description: Bestinvest is one of the most established investment platforms in the UK. Bestinvest was founded in 1986 and is now owned by Evelyn Partners (a financial services firm with £52 billion under management). Bestinvest primary offering is low-cost premade portfolios costing as little as 0.2% a year, fund investing and discount UK share dealing.
Is Bestinvest good for investing?
Yes, Bestinvest has combined low-cost online investing and share dealing with personalised expert advice to help clients choose the right investments for their portfolio. A good choice for large long-term investors who want a bit of added value from their broker.
Pros
- Expert advice
- Lowest comparable costs
- Ready-made portfolios
Cons
- Basic data on platform
- App a bit clunky
- No hedging products
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Pricing
(5)
-
Market Access
(4)
-
Online Platform
(3)
-
Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4.2Dodl: Easy-to-use fund investing for beginners
- Investments: Shares, ETFs, funds
- Minimum deposit: £1
- Account types: GIA, ISA, Pension, LISA
- Account charge: 0.15%
- Dealing fee: £0
AJ Bell Dodl lets you invest in a range of AJ Bell funds with different levels of risk. Dodl has also put together a range of thematic funds with descriptive names to make picking your investments easier.
Dodl Fund Fees:
Dodl charges your account 0.15% of the value of your funds per year (min £1 per month).
AJ Bell Dodl Review
Name: AJ Bell Dodl
Description: Dodl is a low-cost investment app provided by AJ Bell. The app fees are lower than AJ Bells, and they cater to newer investors by offering commission-free investing in AJ Bell funds, themed investments and a small selection of main market shares.
Capital at risk.
Why we like it
AJ Bell Dodl is a great way for the next generation of investors to invest with a “low-cost, little effort” app which focuses on making investing easy. Which it does well, Dodl is very user-friendly, has great educational content and is one of the cheapest ways to start investing.
Pros
- Easy to use
- Low cost
- Great for beginners
Cons
- Limited range of investments
- App only
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Pricing
(5)
-
Market Access
(3)
-
Online Platform
(5)
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Customer Service
(5)
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Research & Analysis
(4.5)
Overall
4.5Hargreaves Lansdown: Excellent fund portfolios and analysis
- Available funds: 3,000
- Fund account fee: 0.45%
- Fund dealing commission: £0
- Minimum investment: £1
Invest in over 3,000 funds or choose from Hargreaves Lansdown funds picked by a team of in-house investment experts that manage a range of Multi-Manager funds (fund-of-funds) and HL Select range of equity funds.
HL Fund Investing Fees:
There is no charge for buying and selling funds on Hargreaves Lansdown. Fund accounts are charged at 0.45% for the first £250,000. Then 0.25% up to £1m, 0.1% up to £2m. There is no charge above £2m.
Hargreaves Lansdown Review
Name: Hargreaves Lansdown
Description: Hargreaves Lansdown is one of the largest investment platforms in the UK. They offer investing, savings, ISAs and SIPP account to over 1.8 million clients with 142bn in assets under management. The company was founded by Peter Hargreaves and Stephen Lansdown in 1981 and is now listed on the London Stock Exchange.
Is Hargreaves Lansdown a good broker?
Yes, Hargreaves Lansdown is one of our best-rated stock brokers and investment platforms. HL offers access to a huge range of investment types, through a wide range of general and tax-efficient accounts and is suitable for almost all types of investors.
Pros
- Wide range of investments
- Most investment account types
- Excellent research and analysis
Cons
- There are cheaper options for fund investing
- Limited portfolio hedging tools
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Pricing
(4)
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Market Access
(5)
-
Online Platform
(5)
-
Customer Service
(5)
-
Research & Analysis
(5)
Overall
4.8TILLIT: A curated fund universe for long-term investors
- Investments: Funds
- Minimum deposit: £1
- Account types: GIA, ISA, Pension
- Account charge: 0.4%
- Dealing fee: £0
TILLIT Review
Summary
TILLIT is a good choice for long term investors who want to invest in a diverse range of funds ,OEICs, unit trusts, investment trusts and ETFs that have been hand-picked by experienced fund managers to cover different regions, assets and risk profiles.
- Investments: Funds
- Minimum deposit: £1
- Account types: GIA, ISA, Pension
- Account charge: 0.4%
- Dealing fee: £0
Pros
- Curated range of funds
- Guidance on investments
- Scaled fee structure
Cons
- Cannot invest in individual shares
- Limited universe of investments
- No app
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Pricing
(4)
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Market Access
(3.5)
-
Online Platform
(3.5)
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Customer Service
(4.5)
-
Research & Analysis
(4.5)
Overall
4⚠️ FCA Regulation
All fund platforms that operate in the UK must be regulated by the FCA. The FCA is the Financial Conduct Authority and is responsible for ensuring that UK fund platforms are properly capitalised, treat customers fairly and have sufficient compliance systems in place. We only feature fund platforms that are regulated by the FCA, where your funds are protected by the FSCS.
Compare Other Types Of Investment Funds
Richard Berry
This article contains affiliate links which may earn us some form of income if you go on to open an account. However, if you would rather visit the fund platforms via a non-affiliate link, you can view the product pages directly here: