Hmm, not sure about HL dropping their fees for reinvesting income.
I went to set up auto-reinvest but it mentioned the fee, still so i dropped them a message to clarify.
Their reply confirms thereās still a fee:
Can confirm theirs no fees for auto re investing on jisa with hl
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It doesnāt take effect until tomorrow, Iād double check with that support person because what theyāre saying goes against their official communication
Itās also been removed from their website
If youād like any share income automatically reinvested, weāll reinvest your income when it reaches Ā£10 per holding or the amount you choose. Thereās no charge for this.
This is a different announcement from the no fee JISA announcement
I know was just saying i have a jisa and can comfirm theyve removed the fee in generao
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Strategy is the most important but to say fees arenāt important is misleading.
Also, it isnāt Ā£1.50 on the most expensive platforms. I assume you are referring to HL regular investment but that doesnāt cover US stocks.
Like anything else, the impact of fees compound.
While itās a welcome move, this does feel like smoke and mirrors from HL.
The free regular investing applies only to a relatively limited number of UK shares, ETFs and trusts.
Plus when you want to sell something, youāre still looking at Ā£11.95 per transaction as far as I can tell.
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I guess at the end of the day its horses for courses, and what works for the investor or trader as part of their strategy.
You may luck out and find that all the investments you want are all on a reasonably priced platform at a low costā¦
You may find that what you want to invest in isnāt available on the platform youāve signed up toā¦or spread across a couple of platformsā¦
Everyone and everyoneās strategies are different, as is every platformā¦Iām sure in hindsight we could all look back and say āI wish I did thisā and āI wish I did thatāā¦
For me personally, what I have learnt in my frantic first year of investing is to do some upfront research around āwhat am I in it forāā¦ what funds Iām keen to invest inā¦what platform they are available onā¦weight up the cost and make a final decision based on thatā¦
Other things to considerā¦Donāt just go on what is trending, have a plan, keep it simple, invest regularly, try and stay off forums 
(sorry!) and leave alone for a few years and let the world do its thing.
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I got another reply from HL, who are still saying it will cost 1%/Ā£1min to reinvest share income:
Although their website is still saying:
Iāll wait for other folks to try it out I think lol!
The HL website now appears to have updated to confirm no fees for regular investing or dividend reinvestment.
I think the change has been along time coming at HL, and I wouldnāt be surprised if they make reductions to their ISA platform and / or trade fees (they recently reduced the LISA fee to 0.25%). Even if the ISA platform fee remains at 0.45%, if you are a buy and hold investor using regular investing, the most you will pay is Ā£3.75 per month, or Ā£45 per year (provided you donāt invest in funds). This is very competitive for buy and hold investors in my opinion, and the fees saved on regular investing will cover and trade fees you have to be in the long run.
HL probably still isnāt the best for traders, but they arenāt the target customers.
Itās been changed for part of the website but not all of it:
This is the bit Iām waiting for them to change and from the message I got, it doesnāt look like it will.
Go after them for false advertising and ask them to send out a retraction. Since they did send an email to all HL customers clearly saying thereās no longer any charge for automatic reinvestment.
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This was an interesting read. Iām glad Freetrade is not too far off reaching profitability!
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Is there an element here of āwell he would say that, wouldnāt heā?
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their ānewā app Dodl was a no event for the industry,
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Man who would benefit from investing platforms going bust says such platforms are going to go bust?
To be fair he has a point and shows Freetrades decision to switch priority from growth to profitability was a wise one.
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Freetrade has something like an 80% margin on certain product offers,so Iām guessing they will be just fine and we may just have to be a little more patient. @adam more than suggested that there would more than likely be an IPO in 2023 and then along came Covid and almost a full on recession. I still strongly believe that in 2024/25 there will be an IPO or they will be acquired for no less than Ā£1 Billion
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But whether us investors will get a positive return is another matter!
Even Round 7 investors Bought in at a valuation of Ā£650 million so I think they Will possibly 50%+ return on their investment.
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Why do people expect so much for freeā¦
Who doesnāt like free stuff 