Platform Fee
What is a platform fee?
A platform fee is what your investment platform (the company that holds your investments) charges for holding them. It covers the cost of running your account, keeping your money safe, and giving you access to funds and shares.
How much are platform fees?
It varies. Some platforms charge a percentage of your portfolio (like 0.25% per year). Others charge a flat monthly fee (like £4 to £12 per month). A few charge nothing.
Percentage fees work out cheaper for small portfolios. Flat fees work out cheaper for large ones.
Is a platform fee the same as a fund fee?
No. The platform fee goes to the platform. The OCF (Ongoing Charges Figure) goes to the fund provider. You pay both.
For example, you might pay 0.25% to the platform and 0.15% to the fund provider. That’s 0.40% total.
Scrimpr’s fee calculator shows exactly what you’ll pay. Enter your portfolio size and see the real cost across different platforms.
Calculate Your Fees →Key points about platform fees
- Charged by the platform, not the fund provider
- Percentage or flat fee, depends on the platform
- Separate from fund fees. You pay both