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This is an unbiased trading critique.com Broker Review of AJ Bell Youinvest, in which you can learn about the company’s products and services. This is a detailed product guide where you can know everything about AJ Bell Youinvest. Read further to know better.
Table 1: AJ Bell Youinvest Overview
Account Types: SIPP, Stocks and shares ISA, Lifetime ISA, Dealing account
Demo Account: NO
Islamic Account: NO
Minimum Deposit: NO
Market Instruments: Stocks, ETFs, Fund, Crypto
Trading Platforms: Web, Mobile
Customer Support (24/7): NO
AJ Bell is a publicly traded company that offers a stockbroking service and an online investment platform. With approximately 300,000 customers utilizing it to handle their finances, it is also one of the largest broker platform.
AJ Bell Youinvest Knowledge bites
The FCA-regulated AJ Bell Youinvest is one of the largest UK discount brokers. The broker’s costs are usual, and even the account opening process is quick and simple. The web and mobile trading systems are simple to use. Its customer service is excellent; you will receive timely responses. However, there are some disadvantages. Only stocks, ETFs, and mutual funds can be traded, and technical analysis tools are restricted. Feel free to test AJ Bell Youinvest because there is no minimum deposit and no inactivity charge.
Image 1: Home page of the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
AJ Bell Youinvest is one of the UK’s most rapidly rising stock market investment platforms. Andy Bell and Nicholas Little Fair founded the business in 1995. The Financial Conduct Authority (FCA) regulates it. It is a member of the FTSE 250 index and is traded on the London Stock Exchange. Up to £85,000 in assets will be covered by the Financial Services Compensation Scheme (FSCS) per person and each platform.
Table 2: AJ Bell Youinvest Regulation details
| Entities name | Regulation | Registered address |
|---|---|---|
|
AJ Bell |
AJ Bell Youinvest, 4 Exchange Quay, Salford Quays, |
AJ Bell Youinvest introduced the first online SIPP in the UK in 2000, and since then, for its outstanding service. It has received several major awards. Some of the awards are given below in Table 3.
Table 3: Awards won by AJ Bell Youinvest Broker Platform
 Awards |
Awarded by |
|---|---|
|
Best Overall Investment Platform 2022 Best Pension Platform - Large Portfolio 2022 Best Buy 2022 - Best Buy LISA Best Buy 2022 - Best Buy ISA Best Buy 2022 - Best Pension The London Stock Exchange Award For Best Investor Champion: SIPPs Winner 2021 Best SIPP Provider Best for Low-Cost ISA |
Your Money.com Your Money.com Boring Money Awards Boring Money Awards Boring Money Awards City of London Wealth Management Awards 2022 Investors Chronicle and Financial Times Your Money.com Boring Money Awards |
Financial Instruments that are available to trade in AJ Bell Youinvest are:
Stocks
ETFs
Funds
AJ Bell Youinvest’s product selection is limited to stocks, ETFs, and funds. Popular assets like forex, options, futures, and CFDs are not available. Bonds will only be traded over the phone.
To make trading simple and convenient, AJ Bell Youinvest offers a range of trading platforms which are described below:
AJ Bell Youinvest Web trading platform
AJ Bell Youinvest Mobile trading platform
AJ Bell Yoinvest’s web platform is easy to use and well-designed. There is a two-step login option, and the fee statements are fair. The trading platform’s web interface is available in English.
AJ Bell Youinvest provides an excellent mobile trading platform that ensures a simple and uncomplicated user experience. Both iOS and Android users may use the AJ Bell Youinvest mobile trading platform. The platform may be accessed in English.
There are 4 types of Trading Accounts available in AJ Bell Youinvest, that are listed below:
The “DIY” pension is a Self-Invested Personal Pension, or SIPP. You decide how much you invest, where you put it, and how much you can withdraw after you reach the age of 55. SIPPs provide tax benefits, just like all pensions.
The government will contribute £20 for every £80 you contribute; if your income is greater, you may be eligible for an additional £20. Typically, you are permitted to contribute up to £40,000, or 100% of your annual salary, to your SIPP.
Image 2: SIPP account section of the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
Individual Savings accounts, or ISAs, are the best investment option for the majority of individuals because they provide considerable tax advantages and permit flexible money access. When you invest in an ISA, you pay no additional tax on any income produced or any profits when you sell your investments, regardless of what you are saving for.
Image 3: Benefits of stocks and shares ISA account listed on the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
A new approach for younger people that would save for their first home or retirement is through a Lifetime ISA (LISA). Up to a maximum incentive of £1,000 per year, the government will add £1 for every £4 you contribute. So starting at the age of 18, a saver who contributes £4,000 a year to a Lifetime ISA will get a substantial bonus of £32,000, before interest or growth (assuming these limits and LISA rules are unchanged).
Image 4: Benefits of lifetime ISA account listed on the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
An AJ Bell Youinvest is a simple and affordable choice to invest in the Dealing account. Shares, funds, investment trusts, and bonds are just a few of the many investment possibilities available to you. You are in charge of making the investment options. There are no restrictions on the amount you may deposit into your Dealing account. Unlike a tax-wrapped account like an ISA or self-invested personal pension, you are free to withdraw your money anytime you choose.
Image 5: Benefits of Dealing account listed on the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
Other the main account types mentioned in the above section, AJ Bell Youyinvest also provides special account types with exclusive features such as:
It’s important to pick the ideal junior account to provide your youngster with the greatest possible start. Junior account is available for all the 3 categories of accounts.
Image 6: Junior account comparison table from the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
The Cash Savings Hub simplifies the process of discovering greater interest rates. Any savings account may be applied for in a few clicks when you open your Cash savings hub. Simply put the funds you wish to deposit into your special transit account; they will be immediately transferred to the savings account you have requested for and transferred back again once your term is through. Since the Cash Savings hub is a stand-alone service, you cannot utilize money from other accounts with it to fund it.
Each share trading platform has its own fees, and if you’re not cautious, they might reduce your profits. Like the lot of its competitors, AJ Bell doesn’t charge any fees to open an account, maintain inactive accounts, or withdraw or hold onto funds. This makes AJ Bell Youinvest safer and it gives a nice start to Beginners in trading.
Table 3: Fees details in the AJ Bell Youinvest website
| AJ Bell Youinvest Charges | ||||
|---|---|---|---|---|
|
Stocks and Shares ISA Account, SIPP account & Dealing account |
||||
|
Amount Invested |
£0- £250,000 |
£250,000 - £1m |
£1m - £2m |
over £2m |
|
Annual Platform |
0.25%% |
0.10% |
0.05% |
Nil |
|
AJ Bell Youinvest Lifetime ISA account |
||||
|
Funds custody |
0.25% |
|||
|
Shares custody |
0.25% (maximum £3.50 per month) |
|||
At AJ Bell Youinvest, there are no deposit fees. Single payments (one-time deposits) can be done using debit cards or by mailing a check. It’s a little odd that one-time deposits can’t be sent by bank transfer. The money will be accessible to invest immediately after a debit card top-up, however checks should take at least 5 working days. A direct debit can be used to make regular deposits.
With AJ Bell Youinvest, withdrawals are free, however, funds can only be withdrawn by bank transfer. The withdrawal can take up to two business days.
Trading times vary by assets on AJ Bell Youinvest.
| Region | Market Hours |
|---|---|
|
US and Canada |
Monday - Friday 2:30pm - 9pm |
|
London |
Monday- Friday (8am - 4:30pm) |
Image 7: Special offers section on the AJ Bell Youinvest website
Image Copyrights reserved to AJ Bell Youinvest website
In the form of articles, videos, downloadable manuals, and podcasts, AJ Bell provides essential information for new investors. They also publish a weekly imagazine called Shares, but in order to read it, you must have a balance of £4,000 on your accounts. As the videos are not properly organized on the website, it is best to visit their YouTube channel, where all videos are sorted into several playlists.
AJ Bell Youinvest features an excellent and well-organized newsfeed. AJ Bell’s investing specialists have also investigated and selected curated asset lists and ready-made portfolios.
AJ Bell Youinvest features an excellent and well-organized newsfeed. AJ Bell’s investing specialists have also investigated and selected curated asset lists and ready-made portfolios.
Table 5: Pros and Cons of the AJ Bell Youinvest
 Pros |
 Cons |
|---|---|
|
A comprehensive platform that is Comparable prices Trading is basic and easy to carry out. An effective portfolio's analytics should There are several articles and videos Favourable client service |
Although there are proper investment Individual share, fund, and trust research It costs a lot of money to transfer assets to |
Customer service at AJ Bell starts with a comprehensive FAQ section on the company’s website. For customer assistance, dealing services, and transfer inquiries, it also provides web chat and telephone help. However, there is no 24×7 availability.
You can contact AJ Bell Youinvest via Phone on weekdays – Monday to Friday from 8 a.m. to 7 p.m., and Saturday from 10 a.m. to 2 p.m., London time. Monday to Friday, between the hours of 8 a.m. and 5 p.m., live chat is accessible.
With AJ Bell, is your money secure?You would receive compensation from the Financial Services Compensation Scheme if AJ Bell went out of business (FSCS).
How does AJ Bell Youinvest work?AJ Bell Youinvest, formerly Sippdeal, is an investing platform provided by AJ Bell that provides stocks and shares Isa and dealing accounts.
How much does it cost to minimum deposit?AJ Bell Youinvest does not need a minimum deposit.
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