I opened a SIPP and investment ISA with Prosper in August 2025. I had done some research on 'hands off' (passive) investing and my main takeaway was "costs matter"! So given that Prosper charge no platform fees on these products and even refund the fund costs on selected mutual funds/ETF's (at the time of opening), it seemed like a no brainer to me ... especially considering the majority positive reviews I read before diving in. The account opening, money transfer and investment purchase were all very easy and went through without any issues! and even the SIPP tax relief 'only' took 11 weeks to come through from the tax man ... you do have to go in and invest this manuallly. The platform was quite new, but I liked the company ethos of making investing more accessible and a lot less costly and the people behind it do have some track record (Monzo), so all in all I was happy to add it to my portfolio this year.
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Prosper was founded to bring More for You by maximising our members’ potential wealth. We provide pensions, investments (both public and private) and savings accounts that have clear charges.
And we keep them low.
With Prosper’s flexible Stocks and Shares ISA, you get:
No platform or transfer fees
Refunded fund fees on over 30 top ETFs (BlackRock, Vanguard and more)
Real human support when you need it
Our pensions (Self Invested Pension Plans) are also free to open and free to fund.
We charge no platform or transfer fees to move your existing pensions or ISAs to Prosper.
We have market beating cash savings rates on fixed, easy access and notice accounts and again, we take the absolute least possible interest for ourselves that we can so that we can pass on as much value to you as possible.
Recently we have brought our members private markets funds and we intend to much more in the app to bring private markets to our sophisticated investors with a simple interface.
Our members benefit from zero fee access on 30 index funds from the world's leading asset managers, zero platform fees and zero transaction fees. In the future, we will charge members a fair platform fee and low, fair and transparent fees for any other investment products we think represent great value.
Prosper founder and CEO Nick Perrett and Chairman Ricky Knox have previously worked together building Tandem Bank. The company is backed by the founders of Monzo, Capital One and Admiral and other leaders in financial services.
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