Is AJ Bell Youinvest free?

AJ Bell Youinvest does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with AJ Bell Youinvest though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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AJ Bell Youinvest fees
Overview of AJ Bell Youinvest fees and charges

When it comes to brokerage fees, AJ Bell Youinvest is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether AJ Bell Youinvest fees are beneficial for you. Continue reading about AJ Bell Youinvest fees and charges to see if this is the right broker for you, or if a similar broker like Fidelity International or Halifax might suit you better.

Here's a high-level overview of AJ Bell Youinvest's fees

AJ Bell Youinvest Fees snapshot
Assets Fee level Fee terms
US stock fee Average 0-10 trades/month: £9.95; 10 and more trades/month: £4.95
EURUSD fee - Not available
US mutual fund fees Low £1.50 per trade
Inactivity fee Low No inactivity fee

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AJ Bell Youinvest fees
AJ Bell Youinvest fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare AJ Bell Youinvest fees with its closest competitors, Fidelity International and Halifax.

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AJ Bell Youinvest fees
AJ Bell Youinvest trading fees

AJ Bell Youinvest's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at AJ Bell Youinvest.

Trading fees

AJ Bell Youinvest's trading fees are average.

Stock fees and ETF fees

AJ Bell Youinvest has average stock trading fees.

Stock fees of a $2,000 trade
AJ Bell Youinvest Fidelity International Halifax
US stock $13.9 - $13.3
UK stock $13.9 $14.0 $13.3
German stock $13.9 - $13.3

Fund fees

AJ Bell Youinvest fund fees are low.

Fees of a $2,000 fund purchase
AJ Bell Youinvest Fidelity International Halifax
Mutual fund $2.1 $0.0 $13.3
EU mutual fund $1.8 - -

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AJ Bell Youinvest fees
AJ Bell Youinvest non-trading fees

When it comes to non-trading fees, AJ Bell Youinvest is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at AJ Bell Youinvest that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how AJ Bell Youinvest stacks up in terms of non-trading fees
AJ Bell Youinvest Fidelity International Halifax
Withdrawal fee $0.0 $0.0 $0.0
Deposit fee $0.0 $0.0 $0.0
Inactivity fee No No No
Account fee No No Yes

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AJ Bell Youinvest fees
AJ Bell Youinvest deposit fee

Usually, brokers don't charge anything for deposits, but AJ Bell Youinvest is different: a fee will be charged when you transfer your money from your bank account to your brokerage account.

AJ Bell Youinvest deposit methods
AJ Bell Youinvest Fidelity International Halifax
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Deposit fee $0.0 $0.0 $0.0

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AJ Bell Youinvest fees
AJ Bell Youinvest withdrawal fee

Unfortunately, AJ Bell Youinvest does charge a withdrawal fee of $0.0 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

AJ Bell Youinvest withdrawal fees and options compared
AJ Bell Youinvest Fidelity International Halifax
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Withdrawal fee for bank transfer $0.0 $0.0 $0.0

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AJ Bell Youinvest fees
AJ Bell Youinvest inactivity fee

AJ Bell Youinvest does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Author of this article

Gergely Korpos

Author of this article

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

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