Can you really invest with just £1?
26 Apr 2024
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There's no difference in fees whether you're investing in a Virgin Money stocks and shares Isa or a general investment account.
Annual platform charge
Trading fee
Fund charge
We've estimated the cost of investing over the course of a year in a Virgin Money stocks and shares Isa, assuming that you make four purchases and four sales each year.
Costs will vary depending on how much you invest.
£5,000 | |
£10,000 | |
£25,000 | |
£50,000 | |
£100,000 | |
£250,000 | |
£500,000 |
Correct as of January 2024
Each of Virgin Money's three funds limit exposure (no more than 0.5% of the fund) to companies who make more than 5% of their earnings from tobacco or fossil fuels, or are involved in manufacturing controversial weapons, or who violate the UN Global Compact principles on human rights and labour.
The 'key investor information' document says: ‘Where the investment adviser feels it is beneficial from a risk and return perspective and suitable opportunities are available, investments will be chosen because of their ESG credentials, sustainable investing practices, and or supporting the transition to a lower carbon economy.’
Virgin Money is regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme (FSCS).
When you invest with an investment platform that's registered with the FCA, your money will be ring-fenced and should be returned if a company goes bust, without you having to wait alongside other creditors.
If ring-fencing failed, you would be compensated by the FSCS.
The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online. There's no reason to use a claims-management company.
You won't be compensated for investments falling in value, or if a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated independent financial advisor that has since gone bust.