Investor Centre platforms offer low fees, a broad selection of investments, and user-friendly tools. But with so many options, choosing the right one can be overwhelming.
For beginners, a simple investment app like InvestEngine or Trading 212 may be all you need. These platforms allow you to start investing with as little as PS100, and they have competitive charges. However, you should always check their fees and features before deciding to open an account.
Full-Service Platforms
If you’re seeking personalized investment advice, consider a full-service platform. These offer a range of services, including research, tools and guidance. They can also help you manage your investments via an ISA or SIPP. However, they tend to charge higher fees than DIY and robo-advisors.
AJ Bell is a traditional investment platform that has been around for more than 25 years. It offers a variety of investment products, including shares, funds and bonds. Its ISAs provide a tax-efficient way to grow your wealth.
Its e-trader is popular among traders who want to use spread bets and CFDs to speculate on the performance of companies. However, you must understand that you could lose more than your original deposit and that leveraged trading can be extremely risky. In fact, 70% of retail investor accounts lose money when trading spread bets and CFDs. Please read our full risk warning.