NEW! Our Hero’s Journey tool can help you with your next step towards financial freedom - click here to try now.
Advertiser Disclosure

The investment platform helping hype-based traders ‘level up’ into long-term investors

The investment platform helping hype-based traders ‘level up’ into long-term investors
Image source: Getty Images

There has been a lot of wild action in the markets over the past year, and all the excitement is drawing in new investors. Now, to make sure they stick around, one investment platform is trying to convert these traders into long-term investors.

Let’s take a look at which platform is attempting to help new traders evolve into seasoned investors.

Compare stocks and shares ISAs

If you’re planning to open a stocks and shares ISA, choosing the right platform is important. To help you narrow down the choices, we’ve created a list of some of the top stocks and shares ISAs.

Which investment platform is helping traders to ‘level up’?

Lots of new investors have been exploring the markets over the past year. Many of them are in younger age brackets and some of them have got caught up in trading frenzies.

The gamification of some apps and high levels of volatility in the market have inspired some to begin investing. Now, investment platform InvestEngine is hoping to help those new to the market to become more than just hype-based traders.

What do investors need platforms to provide?

According to InvestEngine’s research, younger participants need better tools to help them invest.

When asked how their current provider could improve things, those under 25 cited the following as their top priorities:

In order to give investors more of what they want, the core pillars of the new DIY investment platform from InvestEngine are accessibility, control, and long-term investing. These features should enable young investors to level up and grow into their investing shoes comfortably.

What makes the InvestEngine platform different?

In order to plug a crucial gap in the market, InvestEngine has packed in plenty of useful features to help investors. They include things such as:

  • Smart top-ups and automated investing to match your strategy and goals (as ever, be aware that investing means putting your capital at risk
  • One-click portfolio rebalancing
  • Handpicked ETFs for globally diverse multi-asset portfolios
  • A clean, no-nonsense interface that’s easy to use
  • No dealing or account fees to help you keep your costs down

Are you making these 3 common investing mistakes?

These all-too-common investing errors could lead to missing out on the long-term wealth-building power that shares can hold….

To help you learn more about these pitfalls, how to avoid them, and how you could move forward on a path to wealth-building, we’ve created a free report, “The 3 Worst Mistakes New Investors Make”.

Just enter your best email below for instant access to your free copy.

By checking this box and submitting your email address, you agree to MyWalletHero sending you emails with money tips, along with details of products and services that we think might interest you. You can unsubscribe from future emails at any time. You also consent to us processing your personal data in line with our privacy policy, and our cookie statement. For more information, including how we collect, store, and handle personal data, please read our Privacy Statement and Terms & Conditions.

Why should an investment platform help investors?

Some companies offering investing services are not doing enough to assist with learning and education.

Andrey Dobrynin, Co-Founder of InvestEngine explains: “It’s clear that the fintech revolution has made an impression on young people and greater investment in a brighter future can only be a good thing.

“However, with boredom and media influence among the greatest motivators, the success in turning hype-based traders into long-term investors depends on fintechs providing both improved tools and adequate financial education.

“When it comes to thinking long term, 20% of 16-35-year-olds consider regularly trading hot stocks to be the best way to grow their savings, and almost half of under-25s mistakenly believe that savings accounts are among the best routes to growing savings. To realise their potential as investors, the industry has a responsibility to change this.”

It is important to bear in mind that while the potential gains may be higher, any kind of investing – and especially trading – involves the risk of losing all money invested, while money in a savings account does not carry that risk.

What makes a good investment platform for beginners?

If you are looking for somewhere to begin or continue your investing journey, then the InvestEngine platform could be a great option. Otherwise, try and make sure that the share dealing account you use provides decent learning resources. These will help you to become a better investor over time.

If you don’t want to continue with a completely DIY approach, then an investing solutions provider can be a great way to give you a helping hand with building and managing your portfolio. There is an ever-growing number of choices available that will suit whichever way you want to invest.

Using a platform that allows you to learn and grow will really benefit you in the long run. It may also help you to avoid making risky investments that could destroy your strategy.

Whatever route you take, remember that there is always going to be risk involved, so you need to consider your risk appetite and accept that you may get out less than you put in.

Reviewed and rated 4 stars out of 5 by MyWalletHero

Need investment advice? Get a free initial review lasting up to 1 hour, plus £50 off any follow-up advice.

MyWalletHero has sourced you a £50 discount off the cost of advice when you find an independent or whole-of-market financial adviser through*. All advisers are FCA-regulated, qualified and give fully unbiased advice. To find yourself an adviser fast and for free – use the Unbiased matching tool.

*This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Was this article helpful?

Some offers on MyWalletHero are from our partners — it’s how we make money and keep this site going. But does that impact our ratings? Nope. Our commitment is to you. If a product isn’t any good, our rating will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Learn more here. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, Mastercard, and Tesco.