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Yes, Bestinvest do not charge commission for buying or selling open-ended investment companies, but their annual account fee is slightly higher than other providers like AJ Bell (who do charge commssion).

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

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About The Author

Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape. Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000. Richard's contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others. Under Richard's leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide's standing as a well-respected resource for both customers and industry colleagues.
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