To keep costs low for our clients, we combine all orders into a single trade for each ETF once per day.
- For non-SIPP accounts, we place one buy and one sell order per ETF each day.
- For SIPP accounts, we also place a separate buy and sell order per ETF, so your SIPP trades are grouped with other SIPP clients only.
This means your order is included in a larger trade, not placed individually.
When you place an order, the price shown on the London Stock Exchange may differ from the final execution price. This is because the final price is set by the market at the time our brokers execute the grouped trade.
Several factors affect the final price:
- The size of the total order
- Market conditions at the time
- Liquidity (how easily the ETF can be bought or sold)
We place these trades once a day, and our brokers aim to get the best available price at the time based on these factors. For more, see How does InvestEngine place its trades?
InvestEngine has no financial interest in the price you receive, we don’t benefit from higher prices or wider spreads. All trades are placed through brokers registered on the London Stock Exchange, and our goal is always to get a fair price for every client.