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Post by trentenders on Jul 30, 2020 19:31:49 GMT
just to clarify- am i right that stamp duty is only exercised on stock purchases and not selling? also all platforms will automatically deduct the stamp duty from our account, am i right? Correct
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Post by elephantrosie on Jul 30, 2020 19:32:59 GMT
the video on trading212 was nice. i dont touch CFD.
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Post by elephantrosie on Jul 30, 2020 19:34:59 GMT
thanks all for the reply. I had set up an account on trading212, but sadly the company that I want is not on there. guess i will use my old iweb account for that.
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Post by elephantrosie on Jul 30, 2020 19:35:28 GMT
They may take a little off the spread, but no dealing or forex fees and the ability to purchase fractional shares means they’re great for me to access US stocks with my fun money. Deposits are instant, the mobile app is good. The only downside is that they don’t always list some of the smaller companies that I’d like to take a punt on (maybe not a bad thing though - I’m drawn to punts!). Overall, I’m a fan (but I’ll stick with AJ Bell for my ISA/LISA holdings). <redacted>may i ask why you would avoid using trading 212 for ISA accounts?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,840 
Likes: 11,068
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Post by ilmoro on Jul 30, 2020 19:57:40 GMT
thanks all for the reply. I had set up an account on trading212, but sadly the company that I want is not on there. guess i will use my old iweb account for that. Hope you used a referral link to get a random free share
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Post by elephantrosie on Jul 31, 2020 0:23:18 GMT
thanks all for the reply. I had set up an account on trading212, but sadly the company that I want is not on there. guess i will use my old iweb account for that. Hope you used a referral link to get a random free share i did yes
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IFISAcava
Member of DD Central
Posts: 3,664
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Post by IFISAcava on Jul 31, 2020 5:56:52 GMT
They may take a little off the spread, but no dealing or forex fees and the ability to purchase fractional shares means they’re great for me to access US stocks with my fun money. Deposits are instant, the mobile app is good. The only downside is that they don’t always list some of the smaller companies that I’d like to take a punt on (maybe not a bad thing though - I’m drawn to punts!). Overall, I’m a fan (but I’ll stick with AJ Bell for my ISA/LISA holdings). <redacted>AJ Bell a little pricey - percentage fee AND dealing fee AND exit fees. Fidelity via Cavendish on line cheaper: same % (0.25%) but with no dealing fee, and lower percentage (0.20%) on all of it if over £200K invested. Vanguard even lower % (0.15%) if holding Vanguard funds. But you may find other benefits of AJ Bell. iWeb cheapest of non % brokers. Good comparison here: monevator.com/compare-uk-cheapest-online-brokers/Apologies if teaching grandmother to suck eggs.
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Post by trentenders on Jul 31, 2020 6:40:27 GMT
They may take a little off the spread, but no dealing or forex fees and the ability to purchase fractional shares means they’re great for me to access US stocks with my fun money. Deposits are instant, the mobile app is good. The only downside is that they don’t always list some of the smaller companies that I’d like to take a punt on (maybe not a bad thing though - I’m drawn to punts!). Overall, I’m a fan (but I’ll stick with AJ Bell for my ISA/LISA holdings). <redacted>may i ask why you would avoid using trading 212 for ISA accounts? No real reason, other than that’s where they’ve been for years. I only execute a few trades per year, and I’m happy with the capped £7.50 per quarter holding charge. It’s also handy for me to transfer dividends direct from the ISA to LISA. AJ Bell may not have been my first choice now if I was just starting out, but it’s a pain to move and I like the historical portfolio data that’s built up.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 31, 2020 7:34:13 GMT
Hope you used a referral link to get a random free share i did yes Would you mind telling what company it was for and the approx value?
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drgonzo
Member of DD Central
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Post by drgonzo on Jul 31, 2020 10:07:40 GMT
Would you mind telling what company it was for and the approx value? I opened an account a few days ago... my free share was in Under Armour, valued at £11.49 at time of issue.
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cwah
Member of DD Central
Posts: 949
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Post by cwah on Jul 31, 2020 10:29:33 GMT
Would you mind telling what company it was for and the approx value? I opened an account a few days ago... my free share was in Under Armour, valued at £11.49 at time of issue. I received under armor as well. The $100 share is a lie 🤣
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Post by trentenders on Jul 31, 2020 20:46:14 GMT
2 x NG and 1 x American Airlines. I must be due a big one next lol
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Post by elephantrosie on Jul 31, 2020 20:49:15 GMT
Would you mind telling what company it was for and the approx value? i cant remember the company but it was priced at 8ish. <redacted> 
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elliotn
Member of DD Central
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Post by elliotn on Aug 1, 2020 2:20:02 GMT
I use T212. Contrary to what wallstreet has said elsewhere about commission free platforms, trades are instant (as are card deposits) ie there is no delayed batch sale of order flow to benefit others‘ front running. I have discussed at length their prices, trades are at Exchange rates as is their regulatory requirement (I have an on Exchange screenshot as confirmation) and there is no fx commission (other than calculated by the stock issuer if the base currency is not in Sterling). T212 has been profitable since inception because of its cfd trades (and you are eligible for fscs compensation in the event of platform failure). Great customer service with a forum available for investors to chew the cud. Full reporting history lets me reconcile divs and un/realised gains to cash. I only use etfs but I would expect stamp duty to be shown as a line item in the total cost of purchase from a couple of trusts I bought on Freetrade. I incur zero costs for my ISA (including swift withdrawals to my debit card) except for any market spread on etfs. For completeness, I use Freetrade taxable account for etfs not available on T212 and Vanguard for my SIPP. thanks. is there no stamp duty imposed on ISA purchases? There is no stamp duty on etfs, you’d still incur these on individual stocks where applicable regardless of any tax wrapper.
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elliotn
Member of DD Central
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Post by elliotn on Aug 1, 2020 2:23:23 GMT
Hope you used a referral link to get a random free share i did yes Bugger, I did google but said it expired 03/19... hope u got Apple before it splits! 
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