Investing platform that offers fractional shares and ISA

loutus_flower

Hi,

I have an account with AJ bell. I won't knock them they are fantastic but because I can't invest large sums of money as I'm a newbie (though I did a year plus worth of study and training with a great teacher), I am also at the beginning of my investing journey. I didn't know until I tried to buy into a fund you can only buy whole not fractional shares with AJ Bell. I was devastated.

I was hoping to invest using fractional shares for a number of funds and companies I am interested in. Plus, I would love to transfer my ISA (which I opened a month ago andI am happy to transfer as I've made zero investments) to my new investing platform and start investing via my ISA account.

I've seen some real horror stories about a certain platform that has just reopened to the public on google reviews so they are a massive no for me.

I'm just looking for the following:

• I want invest via my isa
• I want to buy fractional shares and funds
• Good dealing fees
• To be able to easily to add and remove money from investing account.

All recommendations are welcome.

thanks in advance.

Thrugelmir

Stick to funds and avoid shares would be my suggestion.  There's much to learn before diving in and swimming with sharks. 

Nurse2047

The ISA with Freetrade or Investengine allows partial shares/funds 

loutus_flower

MFW2026 said:

The ISA with Freetrade or Investengine allows partial shares/funds 

thank you so much.  Just checking out InvestEngine.  I'm pretty impressed with what they have to offer!

Albermarle

I was hoping to invest using fractional shares for a number of funds and companies I am interested in.

Are you clear between the main different type of investments available ? The nomenclature can be a bit confusing.

Most people are invested in 'OEICS' funds , and this what many refer to when say 'funds'. In the past known as unit trusts and in the US- mutual funds. With these you own/buy units in the fund, and there is no problem to buy fractions of units. £25 is usually the minimum limit. Most platforms do not charge for buying/selling units, although some have a small charge ( AJ Bell is £1.50)

You can buy individual company shares, but this is rather risky and not recommended for the average investor.

You can buy ETF's, where there can be a restriction where you can only buy whole shares, but with some platforms you can buy fractional shares. With the main platforms there is a dealing charge of £5 to £12, with each buy/sell order, although some newer smaller ones do not charge.

You can buy Investment Trusts. Here I think buying fractional shares is not possible and there is a dealing charge and stamp duty.

Normally smaller/less experienced investors are best to stick with OEIC's, but ETF's are OK as long as you stick to mainstream sectors.

Linton

Your say funds and shares. Normal funds(**) are always bought and sold on a fractional share basis from any Stocks & Shares ISA provider.

I agree with Thrugelmir that individual shares are not appropriate for a novice  investor if you are investing money that matters to you.  If it's just a bit of fun, fine, but you could easily make major losses.

(**For the pedants - I am talking about OEICs/Unit Trusts.)

loutus_flower

Does anyone else have recommendations?  I open to listening to them.

coyrls

As you are a self-described newbie, I would echo the recommendation to invest in funds, where fractional units are standard and not ETFs, Investment Trusts or individual shares, where fractional shares are only available on some platforms