skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

Wombat Invest has slashed its fees, meaning it is now the UK’s cheapest ISA provider for those wanting to choose their own stocks. The micro-investing platform will cut its annual platform charge from 0.45% to just 0.1% on 1 July.

Following the price reduction, ISA investors with an account value of more than £250 will pay 0.10% per year and a flat fee of £1 per month for access to unlimited trading.

Based on £1,000 invested on the platform, savers will now pay a total fee of £1.08 per month (previously £1.38) for access to all the features of Wombat. The platform is free to use for anyone with less than £250 in their portfolio.

Low cost thematic ETFs

As well as allowing investors to buy curated UK, US and EU shares, Wombat is known for offering low-cost theme-based exchange-traded funds (ETFs) to help beginner investors decide where to put their money.

Subscribe for more stories like this, 8am weekdays - for free!


It also offers fractional shares, spare change roundups and unlimited commission-free investing.

“We think it’s deeply unfair that retail investors are hit by high platform charges that eat into their returns and stop them growing their money over the long term,” says Kane Harrison, CEO and co-founder of Wombat. “We want to break down the barriers to investing by making it simpler, cheaper and fairer. Cutting our platform fee will allow savers to keep much more of what they invest, while enjoying a simple, effortless and engaging investment experience.”

Wombat Invest launched in 2019 with a mission to empower generations to manage, save and grow their money.

There are now more than 140,000 users on the platform, all with the ability to create personalised portfolios that reflect their interests, lifestyles and beliefs through themed funds and individual shares covering some of the biggest brands in the world.

Related

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Graeme Andrew

Graeme Coles-Andrew

Graeme is Head of Technology at the Armchair Trader. He has worked in online financial investment publishing since 2000 as a website developer, advertising operations manager, data scientist and all-round go-to guy for online technical solutions.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top