If you have been looking at Invest Engine reviews online, you probably saw that this is a good option to make money from the comfort of your home and your laptop. The truth is, it is sort of free investing, and the platform offers low fees of 0.25%, with their experts handling all things. However, there is more to the story, which you will likely find out in our full Invest Engine review below.

On the surface, InvestEngine looks like a legit broker and a company where you can invest hassle-free. The features are also great (we will explore them below), which makes it a great platform overall. When on their website, you don’t need to start Invest Engine reviews online or read more – it is easy to get convinced and make a deposit. However, our goal is to show you the truth and give you an unbiased review of this platform. So, let’s begin.

The Invest Engine Reviews Online Are Great, But…

One of the first things worth mentioning and something you can rarely see in the Invest Engine reviews online is the fact that this platform gives you two choices. The first is the one where you manage everything yourself, and the second one is the hands-free approach, where the experts manage your investments while you relax and watch your money grow.

This is the first red flag we can spot when we start Invest Engine reviews, indicating that there is something weird with this company. If you are wondering why it is a mere fact that you earning money passively without any effort from the crypto or stock market. 

Another red flag is how cheap the investment platform really is. Why would someone give something so good for such cheap money? The Invest Engine review we have today will actually uncover that the 0.25% fee makes this platform a scam, and nothing short of another get-rich-quick luring system that only wants to steal your money.

The sole limit in Invest Engine is that you can only choose exchange-traded funds (ETFs), which are groups of stocks and shares (or other assets) that are wrapped up together into a fund, and experts manage the fund itself. So, technically, the Invest Engine review shows that these “experts” don’t do anything but pick a couple of ETFs and put them into your account.

Invest Engine For Beginners: Is It Good?

The next part are the features, which we kind of described. There is nothing flashy going on with this platform as it claims to do the job for you. Hence, most of the Invest Engine reviews online show it as an automated way of making money through stocks, shares, and other assets. That is why Invest Engine might be good for beginners, but only to the point where you collect profits and are not lured by the platform.

If you ever decide to invest with it, we recommend a self-managed portfolio (where you make the investments yourself). The other option, which is the expert-managed portfolio, is also good, but one that limits you to only watching your account being handled by someone else. Also, there are no fees to set up an account, or open and use a Stocks & Shares ISA (which is the place you can consider investing tax-free).

Is Invest Engine A Scam?

We would not categorize Invest Engine as an outrageous scam but something to think about twice. There is a reason why this platform exists, and its fees are way too convincing for you to believe that everything will turn out great and you will earn loads of money while experts manage your portfolio.

In the real world, it is not like that. You can read Invest Engine reviews to find out different stories, but our instinct tells us that this is another too-good-to-be-true story. Designed to be very easy, it is a lure for many beginners looking to spend some money trading online.

What Account Types Are Supported?

Let’s look at the two main account types at Invest Engine – we have the following:

• Personal account: a standard account where you might need to pay tax on your profits (called Capital Gains Tax) with an allowance of £12,300 (profit) before starting to pay it off.
• Stocks & Shares ISA: With this, you can get savings up to £20,000 per year (also known as your ISA allowance) where the money you make is tax-free forever. Also, you can transfer any of your current ISAs over, all for free too, and they won’t affect your ISA allowance.

In terms of expert-managed portfolios offered, there is the Growth portfolio, which is where your money is invested with a view to simply increase it over time. Then, there is the Income portfolio, where your money is invested in providing you with a regular income rather than growth only.

Is It Safe And Regulated: Invest Engine Review

Finally, for all of you asking whether Invest Engine is safe and regulated, the answer is yes. The company is authorized and regulated by the Financial Conduct Authority (FCA), which is the people making sure your money is safe by reviewing and approving companies looking after your money. 

There is also the Financial Services Compensation Scheme (FSCS) which prevents anything from happening to Invest Engine – things like going out of business – where you would get up to  £85,000 back. There is a mobile app, and there are no exit fees at all. In most of the Invest Engine reviews online, people rate it well as a safe place to trade.