Prosper

3.8

#7 of 30 SIPPs #8 of 47 Stocks & Shares ISAs

Website Fees Review

Overview

Prosper is a UK-based investment platform launched in 2022 and regulated by the Financial Conduct Authority. It offers savings and investment products including ISAs, SIPPs, and general investment accounts. Users can access a curated selection of funds from providers like Vanguard and BlackRock, as well as a fund marketplace. The platform aims to simplify investing with transparent pricing and no management fees on most products. Prosper is backed by investors with experience at Monzo and Capital One, and operates primarily through its mobile and web apps.

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Fi Score This is a subjective score awarded by Financial Interest based on the account or platform's offering.

Stocks & Shares ISA

4.0

SIPP

4.0

Junior Stocks & Shares ISAThis broker does not offer Junior Stocks & Shares ISA or we have not added it to our dataset yet.

N/A

Junior SIPPThis broker does not offer Junior SIPP or we have not added it to our dataset yet.

N/A

Lifetime Stocks & Shares ISAThis broker does not offer Lifetime Stocks & Shares ISA or we have not added it to our dataset yet.

N/A

Lifetime Cash ISAThis broker does not offer Lifetime Cash ISA or we have not added it to our dataset yet.

N/A

Cash ISA

3.5

Prosper Offers

Prosper welcome bonus

We're not aware of a welcome bonus for Prosper at this time.

View offers _{Capital at risk when investing}

Prosper Fees & Review

Stocks & Shares ISA
SIPP
Cash ISA

Stocks & Shares ISA

Fi Score rankingWhere this ISA ranks compared to other ISAs based on Fi Score T8

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £0

ISA fee notes ^{Prosper's Stocks and Shares ISA has no platform fees or commissions. You can only invest in ETFs and funds but they will actually refund the fund charges for 30 funds in its selection. It also offers managed funds, private market investments, and a ready-made investment option if you don't want to choose.}

Minimum account chargeThe minimum amount you need to pay for this Stocks & Shares ISA, excluding account fee reductions or discounts. £0

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). N/A

In-specie transfersDoes the broker support the transfer of investments? Yes

^ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. £0

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. N/A

ETF trading feeThe amount you'll pay to invest in an ETF in this ISA, excluding trading volume discounts. £0

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

^{Mutual funds}

Account fee on fundsThe account fee you'll pay when investing in mutual funds. £0

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. N/A

Fund trading feeThe amount you'll pay to invest in a mutual fund in this ISA, excluding trading volume discounts. £0

Fund regular investing feeThe amount you'll pay to invest in mutual funds when using an ongoing regular investment. N/A

^Shares

Share trading feeThe amount you'll pay to invest in company shares, excluding trading volume discounts. N/A

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The Prosper Stocks & Shares ISA allows investors to choose their own investments in ETFs, mutual funds, commodities, and money market funds, offering fractional shares so investors can invest for less money – without having to buy whole units. You're also able to select ready-made portfolios or pay for your portfolio to be managed by professionals. This ISA doesn't offer individual shares.

As this is a flexible ISA, you can withdraw and redeposit in the same tax year without affecting your annual ISA limit.

In-specie transfers are supported, meaning you can transfer your portfolio from another investment platform – or to another platform – as long as the same assets are available on both.

Prosper ranks joint-1st by Fi Fee for small investors (£10,000 portfolios), and holds the same ranking for large portfolios (balances of £500,000) too. To invest, you only need a minimum lump sum deposit of £1.

Prosper's Stocks and Shares ISA has no platform fees or commissions. You can only invest in ETFs and funds but they will actually refund the fund charges for 30 funds in its selection. It also offers managed funds, private market investments, and a ready-made investment option if you don't want to choose.

SIPP

Fi Score rankingWhere this SIPP ranks compared to other personal pensions based on Fi Score 7

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £0

SIPP fee notes ^{Prosper's SIPP has no platform fees or commissions. You can only invest in ETFs and funds but they will actually refund the fund charges for 30 funds in its selection. It also offers managed funds, private market investments, and a ready-made investment option if you don't want to choose.}

Minimum account chargeThe minimum amount you need to pay for this SIPP, excluding account fee reductions or discounts. £0

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). N/A

In-specie transfersDoes this SIPP support the transfer of investments? Yes

^ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. £0

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. N/A

ETF trading feeThe amount you'll pay to invest in an ETF in this SIPP, excluding trading volume discounts. £0

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

^{Mutual funds}

Account fee on fundsThe account fee you'll pay when investing in mutual funds. £0

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. N/A

Fund trading feeThe amount you'll pay to invest in a mutual fund in this SIPP, excluding trading volume discounts. £0

^Shares

Share trading feeThe amount you'll pay to invest in company shares in this SIPP, excluding trading volume discounts. N/A

^{SIPP features}

Employer contributionsDoes this SIPP allow contributions from your employer? Yes

Director depositsDoes this SIPP allow company directors to deposit company funds? Yes

DrawdownDoes this SIPP support drawdown? No

Prosper's SIPP provides access to DIY investing (you can choose your own investments), ready-made portfolios, and professionally-managed portfolios. You can invest into exchange-traded funds (ETFs), mutual funds, commodities, and money market funds (MMFs). This SIPP doesn't offer shares.

Investors can transfer their investments in-specie, meaning their portfolio can be moved to or from another platform without being converted to cash first.

Fractional shares are supported, meaning it's possible to invest every penny you deposit.

When it comes to a pension offering, this SIPP covers some (but not all) of the major things you’d be looking for:limited company directors can deposit via their business (tax effectively) and employers can deposit into their employee’s SIPPs, but drawdown isn't supported.

Prosper's SIPP ranks joint-1st by Fi Fee for small investors, and holds the same ranking for large portfolios too.

Prosper's SIPP has no platform fees or commissions. You can only invest in ETFs and funds but they will actually refund the fund charges for 30 funds in its selection. It also offers managed funds, private market investments, and a ready-made investment option if you don't want to choose.

Cash ISA

Interest rate (AER)The interest rate offered in their easy access (withdraw anytime) Cash ISA, or closest equivalent, at the time of our last update. 3.61%

Flexible?Can you withdraw and redeposit without affecting your annual ISA limit? Yes

Maximum withdrawalsThe most withdrawals you can make before it affects your interest rate Unlimited

Prosper's cash ISA (easy access) offers a 3.61% interest rate to new customers — a rate that lasts for 12 months — with ongoing users getting a rate of 2.78%. It’s a flexible cash ISA, allowing you to withdraw and redeposit in the same tax year without affecting your annual ISA limit.

There are no yearly limits to withdrawals, and you don't need to maintain a minimum balance to keep your account open or operating with the same interest rate, like you do with some other cash ISA providers. Interest is paid annually/monthly.

This is the joint-1st ranked cash ISA on Financial Interest. and They rank 17th by interest rate for existing customers (with new customer promotional rates excluded). 17th with their promotional rate for new customers

ISA transfers not currently supported. Minimum amount required to benefit from boosted rate is £10,000.

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