Summary

Recommended for beginners and investors with small and medium portfolios focusing on the UK market

AJ Bell Youinvest was founded in 1995 and it is one of the biggest discount brokers in the UK. It is regulated by the Financial Conduct Authority (FCA) and it is  listed on the London Stock Exchange (LSE).

AJ Bell Youinvest is considered safe because it has a long track record, it's listed on a stock exchange, and is regulated by a top-tier regulator.

Overall Rating
4.6
Fees
3.1
Account opening
5.0
Deposit and withdrawal
3.8
Trading platform
4.0
Markets and products
3.1
Research
3.3
Customer service
4.5
Education
3.5

AJ Bell Youinvest pros and cons

AJ Bell Youinvest's account opening is quick, it takes no more than 10 minutes. You get a not too sophisticated, but very usable trading platform. If you need assistance from customer service, the response time is short.

AJ Bell Youinvest has average fees for stocks and ETFs. The product lineup lacks forex, options, futures, and CFDs. Finally, technical research tools, especially charting, are quite basic, not suitable for advanced research.

Pros Cons
Fast account opening Limited product offer
Easy to use trading platforms Basic technical research tools
Great customer service
AJ Bell Youinvest main features and highlights
🗺️ Country of regulation UK
💰 Trading fees class Average
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bonds via phone order

Author of this review

Gergely Korpos

Author of this review

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

AJ Bell Youinvest review
Fees

3.1
To find out more about its trading and non-trading fees, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell Youinvest has low fund fees and the non-trading fees are also reasonable. Deposit and withdrawal are free. On the negative side, you will be charged a custody fee based on your trading history and asset volume.
Pros Cons
Low non-trading fees Custody fee
No withdrawal fee Average stock fees
Low mutual fund fees
AJ Bell Youinvest fees snapshot
Assets Fee level Fee terms
US stock High 0-10 trades/month: £9.95; 10 and more trades/month: £4.95
EURUSD - Not available
Mutual fund Low £1.50 per trade
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked AJ Bell Youinvest's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of AJ Bell Youinvest for each asset class. For example, when investing in stocks, commissions are the most important fees.

We also compared AJ Bell Youinvest's fees with those of two similar brokers we selected, Hargreaves Lansdown and Degiro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of AJ Bell Youinvest alternatives.

To have a clear overview of AJ Bell Youinvest, let's start with trading fees.

AJ Bell Youinvest trading fees

At AJ Bell Youinvest, trading fees are average. Fees for stock and ETF trades might be on the higher end, but in return mutual fund fees are low. The fee structure is volume-based when trading stocks and ETFs. If you trade frequently and/or with a higher amount, you will pay less.

Stock fees and ETF fees

AJ Bell Youinvest charges close to average stock and ETF commissions.

AJ Bell Youinvest stock and ETF commissions for a $2,000 trade
  AJ Bell Youinvest Hargreaves Lansdown Degiro
US stock $12.9 $15.5 $0.7
UK stock $12.9 $15.5 $2.6
German stock $12.9 $15.5 $5.8

The stock and ETF commission is  £9.95 per trade. If you had more than 10 trades in the previous month, the fee is only £4.95 per trade.

You'll need to pay a custody fee based on the value of shares (and ETFs) you hold. The custody charge is 0.25% per annum but is debited monthly with a maximum monthly charge of £3.50 This monthly cap is £10 for all SIPP accounts and £3.50 in case of ISA accounts (£2.50 per month for Junior ISAs).

Trading on margin is not allowed.

Fund fees

At AJ Bell Youinvest, fund fees are low.

AJ Bell Youinvest commission for a $2,000 fund purchase
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Mutual fund $2.0 $0.0 $11.1

AJ Bell Youinvest also charges a flat fee of £1.5 per trade and a volume-based annual custody fee.

AJ Bell Youinvest annual custody charges for funds
Value of your holdings  First £250k on the value between £250k - £1m on the value between £1m - £2m on the value over £2m
Commission 0.25% of the value of your holdings 0.10% of the value of your holdings 0.05% of the value of your holdings Free

Non-trading fees

AJ Bell Youinvest has low non-trading fees. It charges no account, inactivity, or withdrawal fees. 

AJ Bell Youinvest non-trading fees
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Account fee No No No
Inactivity fee No No No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

AJ Bell Youinvest review
Account opening

5.0
To experience the account opening process, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
Expect a quick, user-friendly and fully digital account opening process without a required minimum account balance. The downside: it's only available to UK residents.
Pros Cons
Fast Available only to UK residents
Fully digital
No minimum deposit

Can you open an account?

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What is the minimum deposit at AJ Bell Youinvest?

There is no required minimum deposit at  AJ Bell Youinvest.

Account types

Investors can choose from a wide range of account types, depending on their investment and savings objectives.

AJ Bell Youinvest account types
Account type Short description
Dealing Account Basic investment account
Stocks and Shares ISA ISA wrapper to invest tax-free up to the annual limit
Self Invested Personal Pension Tax-efficient pension investment account
Junior Dealing Account Basic investment account on behalf of a child
Junior Stocks and Shares ISA ISA wrapper to invest tax-free on behalf of a child/annual limit applies
Junior Self Invested Personal Pension Tax-efficient pension investment account on behalf of a child

For this review, we have tested the basic Dealing Account.

How to open your account

Only UK residents can open an account at AJ Bell Youinvest.

AJ Bell Youinvest's account opening is an easy process that can be completed online in about 10 minutes. They will attempt to automatically verify the details you have provided.

As part of the process, you need to provide your address for the past 3 years. If you moved to the UK less than 3 years ago, there is a chance the verification will fail. If the online verification does fail, you will need to send certified copies of a document that proves your identity and your address. The list of people who can certify your documents is quite generous.

AJ Bell Youinvest review - Account opening

AJ Bell Youinvest review
Deposit and withdrawal

3.8
To find out more about the deposit and withdrawal process, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
Deposits and withdrawals are free and the process is user-friendly. However, accounts are available only in GBP and one-off deposits cannot be sent via bank transfer.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal Bank transfer is not available for one-off deposits
No deposit fee

Account base currencies

At AJ Bell Youinvest, the only available base currency is GBP

Base currencies at AJ Bell Youinvest vs similar brokers
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Number of base currencies 1 1 9

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bankThey usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

There are no deposit fees charged at AJ Bell Youinvest. One-off deposits (called single payments) can be made with debit cards or by mailing a cheque. It is somewhat surprising that one-off deposits cannot be sent via bank transfers. 

After a debit card top-up, the money will be available to invest right away, while for cheques it should take at least 5 business days. Regular deposits can be made by setting up a direct debit.

AJ Bell Youinvest deposit options
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Bank transfer No Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets No No Yes

You can only deposit money from accounts that are in your name.

AJ Bell Youinvest review - Deposit and withdrawal - Deposit

AJ Bell Youinvest withdrawal fees and options

Standard withdrawals are free with AJ Bell Youinvest but you can only withdraw funds via bank transfer. Clients may request a CHAPS transfer, which is faster, for a fee of £25.

AJ Bell Youinvest withdrawal fees and options
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Bank Transfer Yes Yes Yes
Credit/Debit card No Yes No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from AJ Bell Youinvest?

We tested the bank transfer withdrawal and it took 2 business days. You can only withdraw money to accounts in your name.

Deposits cannot be withdrawn within the first 5 business day of being credited to the account. They are available to invest right away, but a withdrawal request cannot be submitted within this period.

How do you withdraw money from AJ Bell Youinvest?

You can do it by following these steps:

  • Once logged in, hover over the 'My Account' button on the top right
  • Select the 'Withdrawals' menu point from the options
  • Edit your bank details if necessary
  • Enter the amount you wish to withdraw from your total available balance
  • Hit the 'Submit' button
  • If you wish to have a faster withdrawal for a £25 fee, after submitting the request, send an email to [email protected]

Compare to other brokers

AJ Bell Youinvest review
Web trading platform

3.8
To try the web trading platform yourself, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell Yoinvest's web platform is user-friendly and well-designed. Two-step login is available and the fee reports are clear. On the negative side, customizability is limited and price alerts are not supported.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
AJ Bell Youinvest platforms to choose from
Trading platform Score Available
Web 3.8 stars Yes
Mobile 4.3 stars Yes
Desktop - No

The web trading platform is available in English.

Look and feel

The AJ Bell Youinvest web trading platform is user-friendly, with a nice and modern feel to it. Altough the platform is easy to use and straightforward, it is not customizable.

AJ Bell Youinvest review - Web trading platform

Login and security

AJ Bell Youinvest provides two-step login as an enhanced security option.

When not using the two-factor authentication for login, you can log in with your user name, 3 characters of your password and by answering a security question. This method is quite safe against hostile automated login attempts, but requires special attention if you have a longer password. It was quite annoying when we logged in multiple times during testing, and the system is not compatible with most password management tools.

Search functions

The search function is great. You can use the search input field by entering the name or ticker of an asset. The results are organized well and you can start your research from here.

AJ Bell Youinvest review - Web trading platform - Search

Placing orders

Only very basic order types are supported, you will not find more sophisticated ones like "one cancels the other". The following order types are available:

  • Market
  • Limit

If you are not familiar with basic order types, read this overview.

The order time limit can only be set for a specific date, no other time limit options are available.

AJ Bell Youinvest review - Web trading platform - Order panel

Alerts and notifications

Unfortunately, the web trading platform does not provide alerts and notifications.

Portfolio and fee reports

AJ Bell Youinvest has clear portfolio and fee reports. You can access them by visiting the 'Portfolio' subsection under the 'My Account' tab. Another feature we appreciated was the detailed fee calculation displayed before placing a trade order.

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AJ Bell Youinvest review
Mobile trading platform

4.3
To try the mobile trading platform yourself, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell Youinvest offers a great mobile trading platform, which guarantees a smooth and straightforward user experience. Nevertheless, we missed price alerts.
Pros Cons
User-friendly No price alerts
Two-step (safer) login
Good search function

The AJ Bell Youinvest mobile trading platform is available for both iOS and Android. In this review, we tested the iOS version. The platform is available in English.

Look and feel

In functionality and design, the mobile trading platform is the same as the web trading platform. It is user-friendly with a clean design, and it comes with safe login options and great search functions. It only offers basic order types and price alerts are not available.

AJ Bell Youinvest review - Mobile trading platform

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AJ Bell Youinvest review
Desktop trading platform

AJ Bell Youinvest does not offer a dedicated desktop trading platform.

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AJ Bell Youinvest review
Markets and products

3.1
To dig even deeper in markets and products, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell Youinvest has a limited product portfolio, including stocks, ETFs and funds. Popular assets like forex, options, futures, and CFDs are missing. Bonds can be traded only via phone orders.
AJ Bell Youinvest asset classes
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No No No
Fund Yes Yes Yes
Bond No Yes Yes
Options No No Yes
Futures No No Yes
CFD No No Yes
Crypto No No Yes

AJ Bell Youinvest has a great mutual fund and average stock and ETF lineup.

Stocks and ETFs

The stock and ETF offer is average. It's not much different from Hargreaves Lansdown's, but lags behind DEGIRO's.

AJ Bell Youinvest stock and ETF selection
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Stock markets (#) 12 21 30
ETFs (#) 2,100 1,400 5,400

Besides UK markets, AJ Bell Youinvest clients also have access to major European and US markets.

AJ Bell foreign market offering
NASDAQ NYSE Toronto Stock Exchange Xetra
Euronext Paris SIX AMEX Stockholm Stock Exchange
Euronext Amsterdam Bolsa de Madrid Borsa Italiana  

There are some other stock markets, like Hong Kong or Japan, where you can place orders via phone but a £10,000 minimum order size is required. 

Funds

AJ Bell Youinvest mutual fund selection
  AJ Bell Youinvest Hargreaves Lansdown Degiro
Fund providers (#) 270 164 68

AJ Bell has a high number of fund providers, offering almost 4,000 funds, exceeding the tally of its competitors.

As proof to the broker's commitment to sustainability, AJ Bell has added four new Environmental, Social and Governance (ESG) focused funds to its favorite funds list. If you're interested in sustainable investments, read our article about this topic: ESG.

AJ Bell Youinvest review
Research

3.3
To check the available research tools and assets, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
The focus of the research section is on novice investors, with an array of simple and easy to use tools. However, more sophisticated charting tool and analytic tools are missing. Most of the content is provided by Morningstar.
Pros Cons
Trading ideas Limited interactive charting
Data on asset fundamentals
Quality news flow

Trading ideas

If you base your investment decisions on trading ideas, you will find them at AJ Bell Youinvest.There are also curated asset lists and ready-made portfolios, researched and selected by AJ Bell's investment experts.

AJ Bell Youinvest review - Research - Recommendations

Fundamental data

AJ Bell Youinvest offers fundamental data. You will find a variety of useful information ranging from performance charts through key ratios to dividends.

One interesting feature is the Insiders section, which provides info on important stakeholders' and directors' share dealings and holdings.

AJ Bell Youinvest review - Research - Fundamental data

Charting

AJ Bell Youinvest has poor charting tools, covering only the basics. You can use 10 technical indicators, which is less than what most other brokers offer.

AJ Bell Youinvest review - Research - Charting

Newsfeed

AJ Bell Youinvest has a great and well-structured newsfeed.

Compare research pros and cons

AJ Bell Youinvest review
Customer service

4.5
To find customer service contact information details, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell Youinvest's customer service is great, providing fast and relevant answers on several channels, but there is no 24/7 availability.
Pros Cons
Phone support No 24/7 support
Live chat
Fast response time

AJ Bell Youinvest has a great live chat service. The relevancy of the replies was satisfactory, they answered quickly and there was no waiting time upon first contact. We found that customer service representatives were always flexible and helpful.

The AJ Bell Youinvest phone support works well. There is negligible waiting time and we received relevant answers to our technical questions.

The email replies were also satisfactory and arrived in one business day.

AJ Bell Youinvest review - Customer Service

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AJ Bell Youinvest review
Education

3.5
To check the available education material and assets, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell Youinvest offers useful material for novice investors in the form of articles, videos, downloadable guides and podcasts. The quality of the educational material is great, but sometimes it's hard to find the content on the site. There is no demo account to practice on.
Pros Cons
Trading platform tutorial No demo account
Educational videos Not well-structured
Good production quality

At AJ Bell Youinvest you can learn in the following ways:

  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles

They also publish a weekly magazine called Shares, but to access the magazine, you’ll need to have a balance of £4,000 on your accounts.
Since the videos are not structured well, it's easier to browse their YouTube channel, where all videos are organized into various playlists.

AJ Bell Youinvest review - Education

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AJ Bell Youinvest review
Safety

To find out more about safety and regulation, visit AJ Bell Youinvest

or
Compare to its best reviewed alternative: Hargreaves Lansdown
AJ Bell is regulated by the UK's FCA, a top-tier regulator, so there is a high level of investor protection (£85,000). The broker is also listed on the London Stock Exchange.
Pros Cons
High level of investor protection No negative balance protection
Listed on stock exchange Does not hold a banking license
All clients belong to a top-tier financial authority

Is AJ Bell Youinvest regulated?

Yes, it is regulated by the Financial Conduct Authority. AJ Bell Youinvest is based in the UK and was founded in 1995.

Is AJ Bell Youinvest safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong,
  • what background the broker has.

How you are protected

This is important to consider because the investor protection amount differs from entity to entity. By being an AJ Bell Youinvest client, you are covered by AJ Bell PLC, which is regulated by the FCA. The FSCS investor protection protects against the loss of cash and securities in case the broker goes bust. The limit of the FSCS protection is £85,000.

AJ Bell Youinvest investor protection
Country of clients Protection amount Regulator Legal entity
United Kingdom £85,000 FCA AJ Bell Securities Limited


Background

AJ Bell Youinvest was established in 1995. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.

AJ Bell Youinvest is listed on the London Stock Exchange, which is a big plus for safety as the broker releases financial statements regularly and transparently.

Being listed on a stock exchange, releasing financial statements, and being regulated by a top-tier regulator are all great signs for AJ Bell Youinvest's safety.

Find your safe broker

AJ Bell Youinvest review
Bottom line

Visit AJ Bell Youinvest if you are looking for further details and information

or
Compare to its best reviewed alternative: Hargreaves Lansdown

AJ Bell Youinvest is one of the biggest UK discount brokers regulated by the top-tier FCA.

The broker's fees are average and the account opening process is fast and easy. The web and mobile trading platforms are user-friendly. Its customer service is great, you will get relevant answers in a short time.

There are some drawbacks though. You can trade only stocks, ETFs, and mutual funds and technical research tools are limited.

As there is no minimum deposit and no inactivity fee, feel free to try AJ Bell Youinvest.

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