Not too familiar with incumbent platforms, but read this and thought about how Freetrade Alpha will stack up against it. On price alone Alpha would be better value
Any current II customers happy with this change?
I’d give the name a pass for the pure alliteration alone
Exactly my thoughts!
Also, FT does a good job of explaining how frequent traders will be better off under the new plan but infrequent traders will pay more:
Active customers on the super investor plan will pay less than before, due to lower trading fees, but customers who trade less frequently stand to pay up to £30 more per year on headline fees on the core investor account, and up to £77 more on the funds fan plan.
I think I’ll stay with Freetrade.
Just downloaded ii app to take a look for the first time.
They offer products not yet available in Freetrade, like SIPP or JISA. I believe FT will open these at some point.
They also offer access to equities in more markets, like Spain, Belgium or The Netherlands just to name a few.
FT have European Expansion on the 2019 roadmap.
As for the pricing… they present themselves as the better choice, when compared with Barclays or HL. Freetrade it’s not mentioned. Maybe someone could drop’em a letter?!
This looks like a total disaster. So first you pay a subscription, but then you still have to pay for your trades and there are also different pricings depending on what kind of security are you buying. This sounds exactly how NOT to run an investment platform.
Interactive Investor got Langcat to research their pricing offer vs HL, Fidelity and AJBell , see eg this Our Trading Charges - interactive investor. Langcat are good, so I trust the numbers are accurate. But it’s a shame they didn’t compare against certain other ISA providers…