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AJ Bell Youinvest Review 2019

4.3 4 stars · Sep 2019
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AJ Bell Youinvest logo

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

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

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

Pros
  • Fast account opening
  • Easy to use trading platforms
  • Great customer service
Cons
  • High stock and ETF fees
  • Limited product offer
  • Basic technical research tools

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 the customer service, they answer quickly.

AJ Bell Youinvest has high trading fees for stock and ETFs. The product offer lacks forex, options, futures, and CFDs. Finally, the technical research tools, especially charting are quite basic, not suitable for advanced research.

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AJ Bell Youinvest review
Fees 2 stars

AJ Bell Youinvest has high stock fees, but the mutual fund fees and the non-trading fees are low.
Pros
  • Low non-trading fees
  • Low mutual fund fees
Cons
  • High stock and ETF fees
AJ Bell Youinvest fees snapshot
Assets Fee level Fee terms
US stock High 0-10: £9.95; 10 and more online trades: £4.95
EURUSD - Not available
US tech fund - Not available
Inactivity fee Low No inactivity fee

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 relating to broker fees. What you need to keep an eye on are trading fees, financing rates, and non-trading 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 factors like products offered, client profile, fee structure, etc.

Let's start with the trading fees.

Trading fees

AJ Bell Youinvest has high trading fees for stock and ETF. The mutual fund fees are low. 

The fee structure is volume-based at stock, ETF, and fund. If you trade frequently and/or with a higher amount, you will pay less commission.

Stock fees and ETF fees

AJ Bell Youinvest has generally high stock trading fees.

Stock fees of a $2,000 trade
  AJ Bell Youinvest Hargreaves Lansdown DEGIRO
USA $14.4 $17.3 $0.6
UK $14.4 $17.3 $2.4

The stock and ETF commission is calculated as £9.95 per trade. If you have more than 10 trades in the previous month, this flat fee is £4.95.

There is also a custody fee which is 0.25% of shares value with a 7.5 per quarter maximum.

Fund fees

AJ Bell Youinvest fund fees are generally low.

Fees for a $2,000 fund purchase
  AJ Bell Youinvest Hargreaves Lansdown DEGIRO
Europe stock fund buy $2.2 $0.2 $10.6

AJ Bell Youinvest charges £1.5 per trade flat fee and a volume-based annual fee. The higher value you trade, the lower annual fee you pay. 

AJ Bell Youinvest annual fund fees
Trade value in the previous month £0 - £250k £250k - £1m £1m - £2m £2m+
Commission 0.25% of the trade value 0.10% of the trade value 0.05% of the trade value Free

Financing rates

You can't trade on margin, or in other words, you can't hold leveraged positions. Because of this, financing rates at AJ Bell Youinvest are not applicable.

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
Withdrawal fee $0 $0 $0

AJ Bell Youinvest review
Account opening 5 stars

User-friendly and quick account opening process without a required minimum account balance. However, it's only available for UK residents.
Pros
  • Fast
  • No minimum deposit
  • User-friendly
Cons
  • Available only for UK residents

Can you open an account?

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

What is the minimum deposit at AJ Bell Youinvest?

The required AJ Bell Youinvest minimum deposit is £0.

Account types

There are many account types to choose from at AJ Bell Youinvest:

AJ Bell Youinvest account types
Account type Short description
Dealing Account Basic investment account
Stocks and Shares ISA ISA account to invest tax-free up to the yearly 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 account to invest tax-free up on behalf of a child
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

AJ Bell Youinvest's account opening is easy to manage and is done online in about 10 minutes. They will try 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 that the verification might fail unless.

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, it can be found here.

AJ Bell Youinvest review - Account opening

AJ Bell Youinvest review
Deposit and withdrawal 4 stars

Deposits and withdrawals are free and user-friendly with AJ Bell Youinvest. However, accounts are available only in GBP, and one-off deposits cannot be sent via bank transfer.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • Only one account base currency
  • Bank transfer is not available for one-off deposits

Account base currencies

AJ Bell Youinvest only offers accounts in GBP. It's the same as Hargreaves Lansdown's offer, but less than DEGIRO's.

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? Two things. First, if you fund your account in the same currency as your bank account, you won't be charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you will not have to pay a conversion fee.

A convenient way to save on the currency conversion fees can be to open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

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Deposit fees and options

There are no deposit fees charged by AJ Bell Youinvest. One-off deposits can be made from debit cards or alternatively by mailing them a cheque. It is somewhat surprising that one-off deposits cannot be sent in by bank transfers. 

After a debit card top-up, the money will be available to invest right away, while for cheques which 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

AJ Bell Youinvest review - Deposit and withdrawal - Deposit

Withdrawal fees and options

Standard withdrawals are free with AJ Bell Youinvest. It is only possible to withdraw money via bank transfer. It is possible to request faster, CHAPS transfer 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 standard bank transfer withdrawal and it took 2 business days.

It is worth noting that deposits cannot be withdrawn within the first 5 business day of being added 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 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 4 stars

AJ Bell Yoinvest's web platform is great. It is user-friendly and well-designed. There is a two-step login and a clear fee report. On the negative side, there is limited customizability and price alerst are not available.
Pros
  • User-friendly
  • Two-step (safer) login
  • Modern design
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
AJ Bell Youinvest platforms to choose from
Trading platform Score Available
Web 4 / 5 stars Yes
Mobile 4 / 5 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, looks nice and modern and it is quite easy and straightforward. However, the platform is not customizable.

AJ Bell Youinvest review - Web trading platform

Login and security

AJ Bell Youinvest provides a two-step login.

When not using the two-factor authentication for login, you can log in with your user name, 3 characters of your password and answering a security question. This method is quite safe against but can be annoying when you hostile automated login attempts but requires quite an attention when using longer passwords.

Search functions

The search functions are great. There is one search input field where you search for investment name and ticker. The results are organized well and you can start your research right from here.

AJ Bell Youinvest review - Web trading platform - Search

Placing orders

You can use the basic order types. You will not find very sophisticated orders like the "one cancels the other" order. The following order types are available:

  • Market
  • Limit
  • Stop-loss

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

The order time limit could be set only to 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 lacks alerts and notifications.

Portfolio and fee reports

AJ Bell Youinvest has clear portfolio and fee reports. You can access them if you go to "My Account" and then the "Portfolio" subsection.

We also liked that before placing the order based, you get a detailed calculation on fees.

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AJ Bell Youinvest review
Mobile trading platform 4 stars

The AJ Bell Youinvest mobile trading platform is great. It is user-friendly and well-designed giving the same experience as the web platform. However, the price alerts are not available.
Pros
  • User-friendly
  • Two-step (safer) login
  • Good search function
Cons
  • No price alerts

Aj Bell Youinvest's mobile trading platform is available for both iOS and Android. In this review, we tested the iOS.

In functionality and design, the mobile trading platform is the same as the web trading platform. It is user-friendly with a clean design, has safe login options and great search functions, offers only 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 2 stars

AJ Bell Youinvest has a limited product portfolio. It offers stock, ETF and fund, but lacks forex, options, futures, and CFD. Bonds can be traded only on the phone.
  AJ Bell Youinvest Hargreaves Lansdown DEGIRO
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No Yes No
Fund Yes Yes Yes
Bond No Yes Yes
Options No No Yes
Futures No No Yes
CFD No Yes Yes
Crypto No Yes Yes

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

Stock and ETF

The stock and ETF offer is average. It's similar to Hargreaves Lansdown's, but lag behind DEGIRO's offers.

  AJ Bell Youinvest Hargreaves Lansdown DEGIRO
Stock markets (#) 18 21 32
ETFs (#) 2,300 1,400 5,400

Besides the UK markets, AJ Bell Youinvest gives you access to the European and US markets:

  • Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United States

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

Fund

AJ Bell has a good number of fund providers, offering over 4000 funds. It is three times more than DEGIRO's fund offer and also beats Hargreaves Lansdown's numbers.

  AJ Bell Youinvest Hargreaves Lansdown DEGIRO
Fund providers (#) 240 164 68

AJ Bell Youinvest review
Research 3 stars

Research section focuses on beginner investors, with simple an easy to use tools. However, more sophisticated charting tool and analytic tools are missing. Most of the tools are third-party, provided by Morningstar. We experienced some bugs and integration errors which were not fixed during the weeks of our review process.
Pros
  • Data on asset fundamentals
  • Quality news flow
  • User-friendly
Cons
  • Limited interactive charting
  • No trading ideas
  • Bugs in research tools

Trading ideas

AJ Bell Youinvest does not provide trading ideas. 

Fundamental data

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

One interesting thing is the Insiders section of the datasheet, providing 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, providing you only with the basics. You can use 10 technical indicators. This is less than what most other brokers offer.

AJ Bell Youinvest review - Research - Charting

News feed

AJ Bell Youinvest has great news. We also liked that news is categorized, like Market news or Results.

Compare research pros and cons

AJ Bell Youinvest review
Customer service 5 stars

AJ Bell Youinvest's customer service is great. They give fast and relevant answers on several channels, but there is no 24/7 customer services availability neither on chat nor phone.
Pros
  • Live chat
  • Fast response time
  • Relevant answers
Cons
  • No 24/7 availability

You can contact AJ Bell Youinvest via:

  • live chat
  • telephone
  • email

AJ Bell Youinvest has great live chat. The relevancy of the answers was satisfactory, they answered quickly and there was no waiting time upon first contacts. The customer service representative was always flexible and helpful.

AJ Bell Youinvest phone support works well. It has minimal waiting time and we got relevant answers to our technical questions.

On email, we also got satisfactory response and answers in one business day.

We missed 24/7 availability, customer service can be reached only from Monday till Friday between 8 am and 4:30 pm, London time.

AJ Bell Youinvest review - Customer Service

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AJ Bell Youinvest review
Education 3 stars

AJ Bell Youinvest offers useful material for beginner investors in the form of articles, videos, downloadable guides, and podcasts. Educational material quality is great, but sometimes it's hard to find them on the site because they are not collected to one place. We missed the demo account.
Pros
  • Trading platform tutorial
  • Educational videos
Cons
  • No demo account
  • Not well-structured

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

  • Platform tutorial videos
  • General educational videos
  • Quality educational articles
  • Free investment guides in pdf

They also publish a weekly magazine called Shares, but to access the magazine, you’ll need to maintain a balance of £4,000 across your accounts.

AJ Bell Youinvest review - Education

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AJ Bell Youinvest review
Safety

AJ Bell is regulated by the UK FCA, a top-tier regulator. A high level of investor protection, £85,000 is provided. lt is also listed on the London Stock Exchange.
Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Listed on stock exchange
Cons
  • Does not hold a banking license

Is AJ Bell 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, it is best to check two things: how you are protected if something goes wrong and what the background of the broker is.

How you are protected

This is important for you because the investor protection amount and the regulator differ from entity to entity. This is not an issue in this case as all customers 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 FSCS protection is £85,000.

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 LSE, which is a big plus for safety as AJ Bell releases financial statements regularly and transparently.

Being listed on a stock exchange, providing a high level of investor protection, and regulated by a top-tier regulator are all great signs for AJ Bell Youinvest's safety.

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AJ Bell Youinvest review
Bottom line

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

It has a fast and easy account opening. The web and mobile trading platforms are user-friendly. Its customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It has high fees for stocks and ETFs. The product offer covers only stock, ETF, and mutual funds. The technical research tools are limited.

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

AJ Bell Youinvest main features and highlights

🗺️ Country of regulation UK
💰 Trading fees class High
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with credit 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

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AJ Bell Youinvest logo

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

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

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

Compare to other brokers

Overall 4 stars

Pros
  • Fast account opening
  • Easy to use trading platforms
  • Great customer service
Cons
  • High stock and ETF fees
  • Limited product offer
  • Basic technical research tools

Fees 2 stars

Pros
  • Low non-trading fees
  • Low mutual fund fees
Cons
  • High stock and ETF fees

Account opening 5 stars

Pros
  • Fast
  • No minimum deposit
  • User-friendly
Cons
  • Available only for UK residents

Deposit and withdrawal 4 stars

Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • Only one account base currency
  • Bank transfer is not available for one-off deposits

Web trading platform 4 stars

Pros
  • User-friendly
  • Two-step (safer) login
  • Modern design
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts

Mobile trading platform 4 stars

Pros
  • User-friendly
  • Two-step (safer) login
  • Good search function
Cons
  • No price alerts

Markets and products 2 stars

The available asset classes to trade:

  • Stock
  • ETF
  • Fund
  • Bonds via phone

Research 3 stars

Pros
  • Data on asset fundamentals
  • Quality news flow
  • User-friendly
Cons
  • Limited interactive charting
  • No trading ideas
  • Bugs in research tools

Customer service 5 stars

Pros
  • Live chat
  • Fast response time
  • Relevant answers
Cons
  • No 24/7 availability

Education 3 stars

Pros
  • Trading platform tutorial
  • Educational videos
Cons
  • No demo account
  • Not well-structured

Safety

Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Listed on stock exchange
Cons
  • Does not hold a banking license

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

METHODOLOGY

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

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