Invest · Broker review

AJ Bell

Low-cost UK investment platform with ISA, SIPP, and broad fund range

Reviewed by Aayush Jain·Updated May 2026
Overall score
7.0/10
FX rank#19 of 20
FX cost / $10k$100
Conversion spread1%
Trading commission$9.95
Annual fee0.25%
Min investmentNone

$90 more per $10,000 than Interactive Brokers (FX cost only)

Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.

Verdict

AJ Bell is a solid UK platform for ISA and SIPP investors, with a lower platform fee than HL (0.25% vs 0.45%). Like HL, its 1% FX charge makes it expensive for international equity trading. Best for UK-focused investors using funds and ETFs in tax wrappers.

FX cost breakdown

Conversion spread
1%
Above mid-market rate
Fixed FX fee
None
Per currency conversion
Total FX cost / $10k
$100
Realistic all-in estimate

FX cost comparison on $10,000 investment

Interactive Brokers$10
Trading 212$15
Tiger Brokers$20
moomoo$25

Pros & cons

Pros

  • Lower platform fee than Hargreaves Lansdown (0.25% capped at £10/month for shares)
  • ISA and SIPP available
  • FCA regulated, FTSE 250 listed company
  • Broad fund range

Cons

  • 1% FX charge — same as HL, 10× higher than IBKR
  • Share dealing commission £9.95 (or £4.95 for regular investing)

Who can use it

UK

Markets available

USUKEUBondsFunds

Supported corridors

GBP→USDGBP→EUR

Regulated by

UK
FCA