According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- £50
- Web platform
- Bestinvest mobile applications (Android, iOS)
- No
- No margin trading
- Access to UK and U.S. markets
Our Evaluation of Bestinvest
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bestinvest is a high-risk broker with the TU Overall Score of 2.56 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bestinvest clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Bestinvest offers flexible investment options, including self-directed investing and access to ready-made portfolios, alongside free expert advice and analytical tools. The service is designed to streamline the investment process and help clients build long-term savings.
Brief Look at Bestinvest
Bestinvest is a British investment platform designed for UK tax residents, including those in the Channel Islands and the Isle of Man. It offers a wide range of financial services, providing access to thousands of funds, stocks, investment trusts, and ETFs. Furthermore, clients can benefit from free advice from qualified financial experts. Bestinvest is regulated by the Financial Conduct Authority (FCA) and is a division of Evelyn Partners, one of the UK's leading wealth management firms. Founded in 1986, Evelyn Partners manages over £61 billion in assets.
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- Reliable regulation and investment protection with the Financial Services Compensation Scheme (FSCS), which provides coverage of up to £85,000 per client;
- Wide choice of investment instruments;
- Access to professionally managed portfolios;
- Free expert advice;
- User-friendly interface;
- Low initial deposit requirements;
- Availability of educational materials and analytics.
- No demo mode;
- Limited withdrawal options;
- Maintenance fees apply.
TU Expert Advice
Financial expert and analyst at Traders Union
Bestinvest simplifies the investing experience for everyone. Investors benefit from flexible investment options: experienced users can independently build portfolios composed of stocks and funds, while novice traders can invest in pre-built asset baskets. A hallmark of the broker is its attention to detail. For example, free advice helps clients choose the best options and avoid mistakes.
The platform stands out from its competitors for its simplicity and professionalism. Investors can build diversified portfolios with a wide choice of funds and investment trusts. For those with limited time, ready-made solutions are available. High-quality client support provides access to personalized assistance, including tax optimization recommendations.
For many users, Bestinvest is the first step into the investing world. The platform's long-term focus makes it ideal for accumulating pension funds or achieving significant financial goals. While more complex investment products are not available here, the platform provides a solid foundation for those seeking stable and proven investment instruments.
Bestinvest Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Stocks & Shares ISA, Junior Stocks & Shares ISA, Investment Account, SIPP, and Junior SIPP |
| 💰 Account currency: | GBP |
| 💵 Deposit / Withdrawal: |
Bank transfers for deposits and withdrawals Bank cards for deposits |
| 🚀 Minimum deposit: | £50 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | £1 |
| 💱 EUR/USD spread: |
£4.95 for UK trades £0 for trading in the U.S. market |
| 🔧 Instruments: | Stocks, funds, investment trusts, ETFs, ready-made portfolios, bonds, and hedge funds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: |
No margin trading; Access to UK and U.S. markets |
| 🎁 Contests and bonuses: | No |
Bestinvest provides access to a wide array of investment instruments, including over 3,000 stocks, funds, ETFs, and investment trusts. . Traders can invest in UK and U.S. securities, with no fees on U.S. stocks and funds. The broker does not provide margin trading, meaning investors can only use their capital.
Bestinvest Key Parameters Evaluation
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Trading Account Opening
To open an account with Bestinvest, go to its official website or download the mobile app. Follow the below instructions to create the website user account:
Click “Open an account”.
Fill in the form with your email, username, password, and 6-digit PIN. Choose the account type, and provide your National Insurance number and bank details.
Once your documents are verified, you can log in to your user account.
Regulation and safety
The Bestinvest trademark is owned and managed by Evelyn Partners Investment Management Services Limited, regulated by FCA. The Firm Reference Number (FRN) is 165169. Additionally, Bestinvest is a member of FSCS, which provides compensation to clients in the event of the company's insolvency, up to a limit of £85,000 per client.
Advantages
- Compliance with UK legislation
- FCA regulation
- FSCS protection
Disadvantages
- Extended time frames for regulatory resolution of client complaints
- Significant investments are subject to capital gains tax
- FSCS compensation is limited
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| All account types | £0-£4.95 per trade | Bank fees |
A stamp duty of 0.5% on asset value applies to investing in UK ETFs.
The table below compares average fees for Bestinvest and two popular brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$3.19 | |
|
$2 |
Account types
To open an investment account with Bestinvest, registration and identity verification are required. The available services and products, tax rate, and investment limits depend on the chosen account type.
Account types:
Deposit and withdrawal
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Withdrawals can only be made to bank accounts. Bank cards and third-party accounts are not supported.
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Money is typically credited to a bank account within 1-2 business days of the withdrawal request.
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Standard bank transfers do not incur fees.
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Large and urgent interbank payments are made through the CHAPS system with a £35 fee.
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A regular withdrawal request option is available. It is set up through the broker’s support team by providing the desired parameters, including withdrawal type (fixed amount or percentage), withdrawal date, and frequency (monthly, quarterly, etc.).
Investment Options
Bestinvest offers a variety of passive income options, enabling investors to generate profits without the need for active trading. These options are well-suited for both novice investors and those seeking to diversify their income streams.
Investment solutions offered by Bestinvest:
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Ready-made portfolios. Platform users can invest in professionally managed portfolios tailored to different risk levels and goals. Returns depend on market conditions and selected portfolio. The minimum investment is £500.
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Investment trusts and ETFs. These instruments offer exposure to a wide range of assets, including stocks, bonds, and real estate funds. Some ETFs focus on dividend payments, providing a regular income stream.
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Long-term investments in funds. Bestinvest offers access to thousands of funds investing in various assets. Funds offer the potential for capital growth and dividend income.
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Interest on balance. An interest rate of 4.2% per annum is applied to Investment and ISA accounts with monthly interest payouts.
The Bestinvest website provides valuable resources for investors, including investment ideas and advice, as well as ratings of the most promising assets by year and sector. All clients have access to free sessions with professional investment coaches.
Partnership programs from Bestinvest:
Bestinvest offers £100 to its clients for referring new investors who meet the following requirements:
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Open the ISA or SIPP account;
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Deposit a minimum of £5,000 within 120 days;
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Invest in stocks or funds.
Referrals meeting the above requirements also receive £100. Moreover, Bestinvest offers a partnership program through the Optimise Media platform.
Customer support
The broker’s business hours (GMT) are:
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Weekdays: 07:45 - 18:00;
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Saturdays: 09:30 - 13:30;
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Sundays: Closed.
Advantages
- A call-back option is available
- Professional assistance
Disadvantages
- No live chat on the website
- Limited availability
Available communication channels:
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Email;
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Phone;
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Feedback form;
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Facebook, X (Twitter); LinkedIn, and Instagram.
Contacts
| Registration address | Second Floor, Liver Building, Pier Head, Liverpool, L3 1NY |
|---|---|
| Regulation | FCA |
| Official site | https://www.bestinvest.co.uk/ |
| Contacts |
Education
The Learning section on the Bestinvest website provides a wealth of educational resources for investors of all levels. This comprehensive section includes articles, guides, videos, and webinars designed to help users understand the fundamentals of investing and portfolio management. These resources empower users to make informed financial decisions with confidence.
Bestinvest provides investment tools including calculators and simulators for planning and evaluating investments.
Detailed review of Bestinvest
Bestinvest is a UK-based online investment platform catering to both seasoned and novice investors. Designed for UK residents aged 18 and above, as well as parents of minor children, it offers convenient mobile applications for iOS and Android devices. Bestinvest provides self-directed capital management, investing in ready-made portfolios, or using the advice of experienced investment consultants. Its parent company, established in 1986, is regulated by the FCA, ensuring the reliability and safeguarding of clients' investment capital.
Bestinvest by the numbers:
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35+ years of experience;
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3,500+ investment instruments;
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Over 50,000 clients;
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Over £3 billion in assets under management;
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30+ awards.
Bestinvest is a comprehensive investment platform offering a wide choice of assets and services
Bestinvest provides a wide range of investment solutions, enabling its clients to diversify their portfolios and mitigate overall risk. Through a diverse choice of markets and trading instruments, the platform offers investing in trusts facilitated by reliable partners. Discretionary trusts empower trustees to flexibly allocate assets among beneficiaries, adapting to their evolving needs and circumstances. This approach enables tailored solutions and optimized tax planning.
Bestinvest also offers Bare Trusts, designed to hold assets for minors until they reach the age of 18. This structure provides for tax-efficient asset transfer, ensuring full ownership by the beneficiary upon maturity.
Useful services offered by Bestinvest:
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Free investment coaching. The platform offers expert advice to help users develop and execute investment strategies.
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Educational resources. These include articles, guides, and webinars, focused on improving financial literacy and investment understanding.
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Mobile app. It provides access to investment management, portfolio monitoring, and updated information through smartphones or tablets.
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Goal-setting tools. These are features for setting and tracking financial goals, as well as evaluating progress.
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Analytical reports and research. These tools feature regular market reviews, analytical materials, and expert advice for making informed investment decisions.
Advantages:
Access to thousands of funds and stocks;
Regular analytical reviews and advice;
Built-in goal-setting tools;
Possibility of diversification through investment trusts and ETFs;
Support for a mobile app;
Robust security measures.
Bestinvest is an excellent choice for novice investors seeking low-risk options. With a wide range of investment solutions and transparent conditions, the platform can be a convenient choice for long-term capital accumulation.
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