This is why itās quite difficult to compare providers. he put invest engine and ajbell as the winner for fees, while this is true, its only true up to 80k and 50k held with them then freetrade is cheaper. And I donāt know why it isnāt invest engine and vanguard? theyāre more comparable products and have the same % fee (the cap is irrelevant because other providers end up cheaper so you should consider transferring at that point).
I think he did this before the improved web version?
im not quite sure how he came to his tier list, I thought I was because of things like drawdown but then he lists InvestEngine as A tier ??
Itās not fees because InvestEngine is more expensive than Freetrade (also he never mentioned paying yearly making Freetrade the second cheapest on his list), but he cites fees as high off the bat as the reason? but his monthly total cost comparison table says otherwiseā¦ very confusing.
My comparison
If youāre new to investing in a personal pension with a small pension then a % based broker which focuses on a limited set of ETFs or Funds is a good starting place. Which puts companies like Vanguard or InvestEngine as really nice options. I know Vanguard has reasonably good support and is a nice stable platform.
As soon as you hit the āthresholdsā on those % fees, itās worth switching, they donāt offer anything worth staying there unless you like the simplicity and how they offer the product.
ii is good, but the fees can feel complicated.
HL is good but becomes expensive quickly, and as soon as you want to invest in shares outside a monthly option of a limited list itās immediately more expensive than most. But if you donāt, and want to just invest in say a simple global ETF once a month by direct debit. its a good option
Freetrade is imo a nice middle ground. If you want to invest in other shares than just ETFs or Funds or hit that 50/80k % fee threshold it becomes cheaper.
But I think Freetrade still suffers from poorer customer support than other providers (has this improved for anyone recently?). HL seems to be king here, call and the phone is answers in a few seconds (historically at least last time I tried), but then you also pay more to get this experience.
as in his monthly cost he shoes in the SIPP video or the ISA video?
heās really restricting the type and frequency of investing to try and get a stable comparison