Compare Share Dealing Accounts
Compare platform fees and the price per trade for cheaper investing
Flat fee for buying stocks on LSE or buying ETF's
Using the Investor Service Plan
No markup, no ticket fee, no management fees
0% commission on US shares
standard trade rate
£4 to £125 pm
How do you pick a share dealing platform?
Investment platform services offered vary widely, and so do the costs.
4 things to think about:
1. Do you want to do a lot of share dealing?
Active investors will want to look for a platform that offers the lowest fees for volume trades.
If you are going to deal stock regularly most share dealing platforms will offer lower trading prices based on volume.
2. Types of trading account offered shares?
Some share dealing platforms offer as well as general trading accounts, ISA accounts and Self Invested Personal Pension Accounts which offer tax free trading benefits (no tax on dividends or capital gains tax on realised profit).
3. Do you want to deal just in shares, funds, or shares & funds?
If you also interested in investing in funds then this again may determine who you go with.
If you are interested in ETFs, Investment Trusts, Open Ended Investment Companies (OEICs) or Unit Trusts then you will need to check with the platform provider what is available. E.g. Some platforms only offer a limited number of collectives such as OEICs.
Charging structured for funds held on the platform will vary. Over time the impact of such charges can be significant. Check the platform charging structure carefully.
4. How easy is this share trading platform to use: what kind of tools and customer service does it offer?
How easy is the platform to use to buy and sell shares?
Platform functionality is becoming the key battleground in persuading people which platform to go for.
Mobile app features are also key in offering alerts and buy/sell signals whilst on the move.
These are often the criteria that count most highly with users, so do some research and read the reviews.
Many investors are prepared to pay a bit more in fees for a platform that offers really useful apps and services.
Some platforms such as eToro offer customers the option of copying trades of successful traders. This can be an attractive option where you don’t have to decide when to buy or sell. For more info on what is copy trading and how does it work click here.