Best Open-Ended Investment Company Platforms 2024

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In this guide, we have ranked and compared the best accounts for buying and selling open-ended investment funds in the UK. Open-ended investment funds companies (OEICS) are a type of investment fund that varies in size and unites and pools together investor funds to invest in a diverse portfolio of shares and/or other assets such as bonds or property.You can use our comparison of what we think are the best accounts for buying and selling open-ended investment funds by dealing commission and ongoing account fees.

Best OEIC Investing Platforms Compared & Reviewed

OEIC PlatformDealing CommissionFund Account FeeOur RatingMore Info
Interactive Investor OEIC Investing£7.99£9.99pm
(4.1)
See Offers
Capital at Risk
Hargreaves Lansdown OEIC Investing£00.45% – 0.1%
(4)
See Offers
Capital at Risk
AJ Bell OEIC Investing£1.500.25% – 0.1%
(4.1)
See Offers
Capital at Risk
Bestinvest OEIC Investing£00.4% – 0.1%
(4)
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Capital at Risk

❓ Methodology: We have chosen what we think are the best open-ended investment fund accounts based on:

  • over 17,000 votes in our annual awards
  • our own experiences testing the open-ended investment fund accounts with real money
  • an in-depth comparison of the features that make them stand out compared to alternative open-ended investment fund accounts.
  • interviews with the open-ended investment fund account CEOs and senior management

Hargreaves Lansdown: Excellent OEIC research and analysis

Hargreaves Lansdown OEIC Investing Review
Hargreaves Lansdown

Name: Hargreaves Lansdown OEIC Investing

Description: Over 1.7 million people invest through HL and trust them to help them invest over £140bn. HL have been helping investors pick their own open ended investment companies since 1981.
Capital at risk.

Summary

There is no charge for buying and selling open-ended investment companies. 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

  • £1 minimum deposit
  • Account fees from 0.45%*

Cons

  • No cap on fund fees
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4

Capital at risk

Interactive Investor: Fixed-fee OEIC investing

Interactive Investor OEIC Investing Review
Interactive Investor

Name: Interactive Investor OEIC Investing

Description: Interactive Investor charge a low, flat fee of £9.99 per month for investing in open-ended investment companies. This covers OEIC investing for Stocks and Shares ISA, Junior ISA and Trading Account (you can also add a SIPP for an extra £10 per month).
Capital at risk.

Summary

*Open-ended investment company dealing commissions are a free trade every month, then charged £7.99 or upgrade to a £19.99 “Super Investor” account 2 free monthly trades and deal for £3.99. Regular investing is free.

Pros

  • Fixed account fee of £9.99*
  • £1 minimum deposit

Cons

  • Fixed fee not great for very small accounts
  • Pricing
    (4.5)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4.1

Capital at risk

AJ Bell: Best for low-cost OEIC investing

AJ Bell OEIC Investing Review
AJ Bell

Name: AJ Bell OEIC Investing

Description: AJ Bell offers open-ended investment fund investing from £1.50 per trade. The platform has fund screeners and regularly updated analysis to help you choose the right fund for your investing objectives.
Capital at risk.

Summary

*Open-ended investment company investing account fees reduce to 0.10% on the value between £250,000 and £500,000. There is no charge above £500,000. Dealing costs are £1.50.

Pros

  • Low account fee of 0.25%*
  • Wide range of index funds

Cons

  • High initial deposit of £500
  • Pricing
    (4)
  • Market Access
    (4.5)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4.1

Capital at risk

Bestinvest: Best for OEIC investing advice

Bestinvest OEIC Investing Review
Bestinvest

Name: Bestinvest OEIC Investing

Description: Bestinvest has combined low-cost online investing and share dealing with personalised expert advice to help clients choose the right open-ended investment companies for their portfolio.
Capital at risk.

Summary

For open-ended investment company investing Bestinvest’s account fee is 0.4% up to £250k. This reduces to 0.2% after £250k.

Pros

  • £1 minimum investment
  • Advice from experts on demand

Cons

  • Limited market range
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4

Capital at risk

⚠️ FCA Regulation

All OEIC investing 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 open-ended investment trust brokers are properly capitalised, treat customers fairly and have sufficient compliance systems in place. We only feature open-ended-investment company platforms that are regulated by the FCA, where your funds are protected by the FSCS.

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 open-ended fund investment platform via a non-affiliate link, you can view the product pages directly here:

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