Good videos. Fairly comprehensive, although I think his FX fees on IBKR ISA are wrong.
His analysis pretty much aligns to mine. II are the best SIPP, T212 are the best all round ISA (and GIA).
HL too expensive. Freetrade fine, good if you want both in the same place. IB great for ISA fees if youâre only focusing on US stocks.
I keep thinking about transferring aswell but being 16% down keep putting it off
I just didnât like some of his math and ofc as above stated itâs hard to compare depending on what youâre after. Itâs judt he never showed FT as ÂŁ9.99 etc if you pay annually and you do get the fees wavered if you have the uninvested cash to do so.
But yeah
Is this to HL or from HL. Someone told me on here if youâre at a loss just sell and rebuy back at the same price and it equals out all be it you still pay all the stamp duty. Fx fees etc all 2x ore more if itâs usa.
Not sure if i have to sell and the stocks just get transferred⊠but if i did have to sell that would be then h and l fees of£15 a stock so for me would cancel out any money offer from freetrade.
Ahh I see that would suck right enough. I havenât experienced another broker other than T212 really but not in depth as well.
The HL JISA is free meaning no account charges or dealing fees. So if you are in the JISA market that makes a big difference. Also HL regular investing is commission free. One has to look at ones overall needs to figure out what is the âbestâ for them.
Agreed. HL is a great option for a JISA. Itâs a loss-leader though, as you say people need to assess their own needs but generally speaking I stand by âHL is too expensiveâ being a fair statement.
I have my LISA with them. Mainly due to lack of alternative options.
Yes, my son has a LISA with them too. He does regular investing so commission free and a/c charge is 0.25% capped at ÂŁ45 per year. Also if you are into funds they are commission free too.
HLâs funds are free to trade but regular investing of stocks, ETFs and investment trusts cost ÂŁ1.50 per trade.
Reinvesting dividends is free.
True. But for balanceâŠ
The platform fee for funds is capped at ÂŁ4k in a GIA/ISA, not ÂŁ200 like stocks/ETFs in an ISA.
Regular investing isnât applicable to non UK stocks, theyâll cost ÂŁ11.95 per trade with a 1.5% FX fees. And your UK stocks/ETFs will still cost you ÂŁ11.95 per trade to sell. Admittedly those fees reduce if youâre dealing in higher volumes.
The HL pricing strategy imo is very much geared at temping you in with some cheap things, and making its money on others. If you only use the cheap things then great, but long term the other costs can add up.
Moneybox is good for LISA no charge and 4% interest on cash(including gov bonus)
Thanks for this. According to https://www.moneyboxapp.com/faqs/fees-and-security/fee-breakdown/cash-lifetime-isa? their usual fees apply for the stock and shares LISA. For the cash LISA you are right there is no direct charge ⊠they make their money on the difference between the third party bank interest and the interest rate they give you. The latter is also how Freetrade earns some of its money.
Was looking at T212 for my wifes ISA, very impressed 
The way they are attracting new users is really good,
CASH ISA 5.12% got a mention on Martinâs podcast
And Card that gives 5.1% and 1.5% cash back
etc etc. I donât have my money on them but my wife just initiated ISA transfer FT â T212
I think we need to wait for what next for Freetrade as there was major change of management recently
Hopefully a big push for LISA & JISA in the coming months
Iâm remaining hopeful as was going leave for 212 this FY but decided to see what comes out this year with FT.
The thing is whatever comes out can it top 212? What are you specifically hoping for ?
I have accounts with t212 and FT, and comparing both, I can see lots of problems with liquidity for T212. All their orders seem to be going via OTC. This is problematic, as on many occasions my order was not executed at best price. For example I wanted to sell wizzair at 13:30, so sent sell order at this price, and the I see the current price is 13:32, but my order is not executed. How is this even possible?
Below are some of the things I would like to see:
âą Ability to switch between FIFO and average price when calculating P&L
âą Greater sort capabilities of main portfolio page and displaying total return here
âą Ability to be able to set price alerts
âą lower FX fees
âą Increased dividend information such as yield, yield on cost, monthly and yearly comparisons, sector and industry breakdown, forecasting similar to stock events
âą In my opinion having a tiered customer service approach, especially for those in standard and plus subscriptions sends out the wrong message. I donât need a SIPP so thatâs why I have a standard plan but do feel a bit penalised here even being a paying customer.
That card ends soon, the daily interest is great itâs more a case of does your wife know what sheâs getting herself into if she does thats fine if she doesnât prepare to lose lots of cash.
I have seem so many people go to T212 and guess what go straight for the CFDs.
Sometimes if it sounds to good to be true it usally is and this puts people off investing as in they invest in CFDs then try preech itâs a mugs game itâs gambling youâre stupid trying the markets due to them loosing and they never return.