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.
Interactive Investor: Best overall fund platform
- Available funds: 3,000
- Fund account fee: £9.99 per month
- Fund dealing commission: £3.99
- Minimum investment: £1
Interactive Investor Fund Investing Review
Name: Interactive Investor Fund Investing
Description: Interactive Investor won best fund platform in our 2022 awards as you can invest in over 3,000 thousands of funds with help from II’s impartial experts that 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.
Capital at risk.
Summary
- Available funds: 3,000
- Fund account fee: £9.99 per month
- Fund dealing commission: £7.99
- Minimum investment: £1
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.
Pros
- Fund model portfolios
- £1 minimum deposit
- £9.99 fixed account fee
Cons
- Fixed-fees not great for very small accounts
- No lifetime ISA
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Pricing
(4.5)
-
Market Access
(4.5)
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Online Platform
(4)
-
Customer Service
(4)
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Research & Analysis
(4.5)
Overall
4.3Hargreaves Lansdown: Excellent fund portfolios and analysis
- Available funds: 3,000
- Fund account fee: 0.45%
- Fund dealing commission: £0
- Minimum investment: £1
Capital at risk
Hargreaves Lansdown Fund Investing Review
Name: Hargreaves Lansdown Fund Investing
Description: 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.
Capital at risk.
Summary
- Available funds: 3,000
- Fund account fee: 0.45%
- Fund dealing commission: £0
- Minimum investment: £1
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.
Pros
- Over 3,000 funds
- £1 minimum deposit
- No charge for buying or selling funds
Cons
- 0.45% account fee* is relatively high
- No cap on fund account fees
-
Pricing
(3.5)
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Market Access
(4.5)
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Online Platform
(4)
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Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4.2AJ Bell: Best for low-cost fund investing
- Available funds: 2,000
- Fund account fee: 0.25%
- Fund dealing commission: £1.50
- Minimum investment: £500
Capital at risk
AJ Bell Fund Investing Review
Name: AJ Bell Fund Investing
Description: 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.
Capital at risk.
Summary
- Available funds: 2,000
- Fund account fee: 0.25%
- Fund dealing commission: £1.50
- Minimum investment: £500
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.
Pros
- 2,000 funds to invest in
- Low account fee of 0.25%*
Cons
- £500 minimum deposit
- £1.50 to buy and sell funds
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Pricing
(4.5)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4.1Bestinvest: Good for fund investing advice and low costs
- Available funds: 1,000
- Fund account fee: 0.2%
- Fund dealing commission: £4.95
- Minimum investment: £1
Capital at risk
Bestinvest Fund Investing Review
Name: Bestinvest Fund Investing
Description: 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.
Capital at risk.
Summary
- Available funds: 1,000
- Fund account fee: 0.2%
- Fund dealing commission: £4.95
- Minimum investment: £1
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.
Pros
- £1 minimum investment
- Advice from experts on demand
- 0.2%* account fee for ready-made fund portfolios
Cons
- Higher 0.4% account fee for none ready-made portfolios
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Pricing
(4.5)
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Market Access
(3.5)
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Online Platform
(3.5)
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Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4.1Dodl: 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
Capital at risk
AJ Bell Dodl Fund Investing Review
Summary
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- Investments: Shares, ETFs, funds
- Minimum deposit: £1
- Account types: GIA, ISA, Pension, LISA
- Account charge: 0.15%
- Dealing fee: £0
Fees: Dodl charges your account 0.15% of the value of your funds per year (min £1 per month).
Pros
- Simple to understand funds
- Low costs
- Backed by AJ Bell
Cons
- Limited fund choice
- App only
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Pricing
(4.5)
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Market Access
(3.5)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(3.5)
Overall
3.9TILLIT: 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
Capital at risk
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)
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Online Platform
(3.5)
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Customer Service
(4.5)
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Research & Analysis
(4.5)
Overall
4❓Methodology: We have chosen what we think are the best fund platforms based on:
- over 17,000 votes 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 platforms for buying funds.
- interviews with the fund platform CEOs and senior management
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 |
⚠️ 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
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