AJ Bell Youinvest Review
Rana Adnan | March 31, 2022
Table of Contents
AJ Bell Youinvest are a UK broker offering online trading on various asset classes with basic trading platforms. Trading tools and funding options are limited whilst they do not offer Forex, CFD or Crypto trading. This makes them a limited option when for online trading when compared to other online brokers.
Broker Pros / Cons
- Easy to use platform
- Mobile trading
- Competitive fees
- No forex, CFD or crypto trading
- No MetaTrader platform
- Restricted leverage
- Lack of educational materials
- Limited funding options
AJ Bell Youinvest is a UK brokerage that provides a user-friendly mobile trading platform for competitively priced online trading, although not the cheapest. They have a variety of different investment services to choose from and an easy to use website making them a reasonable option for beginners.
AJ Bell Youinvest charges £9.95 per trade as standard although traders who place over 10 trades per month get a discounted rate of £4.95 per trade. They provide clients with industry leading market research tools including Morningstar and some basic educational materials.
AJ Bell was founded in 1995 and AJ Bell Youinvest was launched in 2010. They have hundreds of thousands of clients and billions of assets under their management. They are one of the largest investment platforms in the UK aiming to make investing easier for all different types of investors.
AJ Bell is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.
AJ Bell Youinvest is primarily for investors that are located in the United Kingdom.
AJ Bell Youinvest have an intuitive and user-friendly mobile application available for use on Android and iOS devices. Users can easily monitor and manage their account and investments via the modern app from anywhere in the world where they have an internet connection.
The mobile trading app also delivers real time market news and technical tools for conducting market analysis whilst on the go. That being said, the charting tools could be improved as could the overall functionality of the platform.
- View and check your portfolio whilst on the go
- Trade from anywhere with a range of multiple order types
- Use the mobile app to enable two-factor authentication for added security
- View all your current active positions
- Read and send secure messages
- Set alert notifications
In addition to the mobile trading platforms, they offer MAC, Amazon Alexa and Google Assistant solutions. Some of these options have their own limitations.
This brokerage has a selection of useful investment tools, videos and research to help with your market analysis and investment decisions.
AJ Bell Youinvest offer a wide choice of investments including stocks, shares, bonds, funds, exchange traded funds (ETFs) and investment trusts. This includes overseas share trading in 24 international markets including the US, Canada and major European markets.
The AJ Bell Youinvest Dealing account offers investing online with relatively competitive fees. It allows you to maintain full control over your investment decisions with a variety of different stocks, shares, funds, investment trusts and bonds to choose from.
There is no limit on the amount that you can pay into your dealing account and you can withdraw from it at any time. You should be comfortable with trading on your own as this account does not offer any investment advice. Share dealing accounts can be opened in joint names if required.
The share dealing account also has no charge to set up or transfer and no charge to pay money into the account. You can trade online from as little as £1.50, and will generally not pay more than £9.95 per online trade.
Clients who have a balance of £4,000 or more in their AJ Bell account can receive the Shares magazine online, completely free of charge. Each week this magazine has in-depth reporting on the events that can move the markets and helps to inspire trading ideas on new investments.
AJ Bell Youinvest have a tiered fee structure as is common practice with most UK brokers. The tier you full under is dependent on the numbers of trades you make each calendar month.
- Stocks, Shares & Bonds – £9.95 (0-9 trades per month), £4.95 (10+ trades per month). There is a 0.25% per annum on holdings of shares with a maximum £7.50 per quarter.
- Funds – £1.50 per deal and holdings of 0.25% from £0 to £250,000, 0.10% for holdings of £250,000 to £1 million and 0.05% for £1 million to £2 million. There is no charge for holding funds over £2 million.
AJ Bell Youinvest customer support is provided via online chat, telephone and email. It’s simple to contact them for all your general, technical and account questions. They also have a comprehensive range of frequently asked questions (FAQs) to get some instant answers to commonly asked questions.
The funding methods are limited to debit card and personal cheques. Debit card can be instant and cheques can take up to five working days to clear. You can also setup regular payments using direct debit. It would be more convenient for some users if they offered some online payment solutions such as PayPal, Skrill or Neteller.
It takes around 10 minutes to apply for an online trading account with AJ Bell Youinvest. You will need your National Insurance number and debit card details (if you wish to fund via card) during the process. Once you have completed your personal information and verified your account, you will be able to fund it using any of the available methods and commence trading. It is worth noting that the account approval process can take a few days.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
AJ Bell Youinvest is an online brokerage with basic trading platforms and a range of financial products across different asset classes with reasonably competitive fees. They do not however offer the popular MetaTrader platform nor do they offer forex, CFD or cryptocurrency trading. Funding options and leverage are also restricted.