FCA weighs exit fee clampdown across investment industry

Sorry can’t get it to link correctly

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Good, the vast majority of brokers are crooks either way. How does the common man invest when he is charged £12 to trade, on top of stamp duty. You have to trade a minimum of £1000 a trade to make it worthwhile.

HL is probably the worst out there. Overpriced trading, overpriced funds. You are better off with Freetrade or a Vanguard Index Fund.

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There are ways to cut costs - buying and holding is one way, so you don’t incur too many trading fees. Even HL allows you to purchase via regular investing which only costs £1.50 per purchase.

Unless you want to invest in funds, which Freetrade don’t currently offer. Or in funds other than Vanguard, which Vanguard Funds don’t offer.

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Freetrade has indexes, which is more than sufficient for 90% of investors.

Named & shamed.

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“Hargreaves Lansdown receives far more transfers in that out”

Just you wait! :smiley:

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They’ll just bump up fees elsewhere I guess.

To be honest I doubt anyone makes much from exit fees anyway, I guess it’s more of a deterrent to make people reluctant to switch