InvestEngine vs Plum

InvestEngine vs Plum Comparison Table 2024
InvestEngine Plum
3
3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

InvestEngine was founded in 2019 by the founders and CEOs of Gumtree and Ramsey Crookall, a successful independent wealth management firm. The company is regulated in the UK by the FCA and has planted itself as a strong competitor within the retail stock trading space, offering managed and DIY investment portfolios and access to more than 550 global ETFs.

Plum is an financial app that empowers users to save and trade. The investing platform is available in 10 European countries with offices in the UK, Greece and Cyprus. Over 1.5 million clients and have invested more than £1 billion with the firm.

Customer Reviews
4
Comment by Reviewer
"InvestEngine is best for UK investors looking to speculate on the financial markets through low-cost ETFs. We especially like the flexible investment solutions, with both managed and DIY portfolio options." "Plum is a great option for traders looking for a user-friendly savings, budgeting and investment app. The £1 minimum deposit, pre-built funds and fractional shares will especially appeal to beginners."
Pros
  • We were impressed by the company's provision of analytics reports and strategy advice, as well as top product picks and a detailed blog
  • Hands-on investors can benefit from completely free access to InvestEngine's services, only paying for any dealing charges
  • We think the firm's investment platform is intuitive and impressive, making the whole experience simple and stress-free
  • InvestEngine clients have a wide choice of investment and savings accounts to tailor solutions to their goals
  • Managed portfolios provide professional advice and expert picks for a commission of only 0.25%
  • Commission-free trading on 3000+ stocks with manual or automatic investments
  • Pre-built funds based on a market sector or ESG initiatives with portfolio auto-rebalancing
  • Savings account available with expenditure analysis and free withdrawals
  • Interest rates on uninvested cash are competitive up to 4.21% AER
  • Low minimum investment of £1 plus fractional shares
  • Regulated by the FCA
  • Bill provider analysis
Cons
  • Any clients looking for long-term gains from individual company stock investments must look elsewhere as InvestEngine limits its products to ETFs
  • Despite offering several account types, the firm does not support Lifetime ISAs or Self Invested Pension Pots (SIPPs)
  • No tiered services for high-net-worth investors
  • Monthly subscription fees apply to access the full suite of services and best trading conditions
  • Limited price analysis features such technical indicators and custom charting for experienced traders
  • Limited payment methods with bank transfer only
  • Narrow product portfolio compared to alternatives
  • The app is only available in European regions
  • No demo account available
Instruments
ETFs Stocks, ETFs
Demo Account
No No
Minimum Deposit
£100 £2
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 £1
Regulator
FCA FCA
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
Yes Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • GBP
  • EUR
  • GBP
Stock Exchanges
Commodities
More Comparisons
InvestEngine
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Plum
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