adrianc
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Post by adrianc on Dec 27, 2019 14:56:25 GMT
Which of the many platforms out there would you suggest? Probably mostly ETFs and trackers, maybe the odd direct equity.
Ideally, a joint account (but it's not necessarily a show-stopper), and an easy-to-understand fee structure.
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Post by dan1 on Dec 27, 2019 15:35:40 GMT
There are a few comparison tables to be found from a search although I tend to refer back to Monevator (includes affiliate links as I guess they all do).... monevator.com/compare-uk-cheapest-online-brokers/I never became comfortable with II paying dividends several days after the payable date and left them as a result. I guess look for the cheapest for the services you require then Google them to death until you become comfortable or not. Broker failure is arguably the most important factor so the only recommendation I'd make is that ensure you split any large (I'll leave you to assess 'large'!) portfolios across multiple independent brokers (e.g. not Halifax and Lloyds). |
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james100
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Post by james100 on Dec 27, 2019 15:37:43 GMT
There are threads on this iirc in equities section. Depends a bit on your priorities, size of account, transaction frequency/type etc.
I'd not go with Vanguard simply because I use multiple ETFs with similar underlying assets from different providers to manage 30-day CGT rule (such as VUKE/ISF for FTSE100)...since Vanguard only offers Vanguard products that would not be possible to do.
II comes with multiple forex cash accounts but fairly punitive commission/withdrawal charges. Useful for accumulating USD dividends in global ETFs outside tax wrappers for reinvestment back in to the USD denominated version of eg VWRL (as VWRD) though. If you have a large account and modest trading frequency the (flat) fees work out to be ridiculously good value. They sell pretty much everything. Joint accounts available (if you really want one) also ISA/JISA/SIPP.
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adrianc
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Post by adrianc on Dec 27, 2019 15:42:25 GMT
There are threads on this iirc in equities section. Oh, yes! I'd forgotten about the general equities area...
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Post by dan1 on Dec 27, 2019 15:51:42 GMT
james100 reminds me that what most comparisons omit (simply due to too much details I guess) is the FX commission. It's more important than you may think because ETFs denominated in non-GBP currencies pay dividends that are subject to conversion back to GBP. e.g. VWRL although purchased in GBP pays in USD so, for example, with HL you'll pay 1% (?) of the dividends in commission fees.
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corto
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Post by corto on Dec 28, 2019 14:52:55 GMT
my preference is iWeb (20£ setup, 5£ per trade)
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