If you believe there was an issue with the execution (or lack of) then you should follow the complaints procedure.
That said most brokers have the same variables that decide if a limit order is executed. Its going to depend on the shares youāre selling, market conditions, order of priority, order size, pricing data, willingness to buy.
Itās not as simple as reaches price ā executes.
But I agree with @Orbitalinvestor , if you think something has gone wrong make a complaint.
I think all in all 4.99 (or 5.99 as it is now) for standard is fine for me.
I just wish they made the process of transferring funds from the GIA to ISA easier.
Iām trying to max out my isa at the moment and waiting nearly two days for FT to transfer funds is a bit silly.
Why canāt we just have a transfer button on the app? Iām no developer but I canāt see it being that difficult to programme. Happy to be educated if Iām wrong
I had an email from FT stating they had sent an āEstimateā to HL about a week ago, but nothing further from either company yet. Also, why has someone flagged your message? Hardly innapropriate!!! The mind boggles.
Donāt know who flags messages like that. But silly.
Iāve done a number of transfers from a few providers. Generally itās slow but steady HL wonāt usually get in touch until thereās something to act on or inform you of
That article appears to make a suggestion that M&G either has a discount brokerage platform or it may be in the process of creating one (canāt remember which).
They recently brought out an app, I think itās called &me. Itās basically like nutmeg or Wealthify but with maybe a bit more support and slightly higher charges
Id be curious to know what this means? and what you mean by it not being worth it anymore? Presumably just for the TSX access? Is this significant for your SIPP?
HL for my SIPP, as i cant yet justify the cost of the II SIPP. I mean the exchanges, and thatās the downside to HL, no ASX stocks, and anything dual listed? You can only buy via primary exchange.
Discount brokers (i.e. the free ones) tend to have lower liquidity, little by way of shareholder rights for things aich as corporate options, subscribing to rights offers etc Freetrade is nowhere near as bad as 212 for liquidity on SETSqx, but the spreads are atill higher on illiquid stocks compared to a paid for broker.
They tend to have less stocks available, and tend not to get all IPOs on time.
Things like Bed and ISA cant be done.
The only real benefits of the discount brokers are the ease of buying and selling (better UI), and theyāre great for regular top-ups.
Are you sure about that? itās illegal in the UK for a broker to widen the spread. Your other points are probably fair. but for me saving > Ā£10 per trade is worth missing a few extras
So, if i see a price for 22.5p, I will get an executed buy price of 23p on a discount broker, and 22.8p on a more expensive broker. (As an example).
I had the same thought with regards to saving the £10 a trade cost, but II will charge £10 a month with 1 free trade, or £20 a month with 2 free trades.
A lot also comes down to your frequency of trades. I initially wanted Freetrade to assist in my weekly top-ups, but itās just not as cost effective for me anymore. I was content seeing Ā£9.99 leaving my account every month, but Iām not happy with the additional cost. I only opened the Freetrade SIPP because it was āthereā.
I expect this is more self-reporting bias than anything.
Freetrade and HL for example use the same execution venues for the vast majority of their executions.
Peel Hunt and Winterflood Securities being the top two for both.
Given a particular trade, you would get the same price no matter which of the two you use assuming it went to the same venue.
HL and Freetrade have some unsimilar venues, but these account for a small percentage of volume
They tend to have less stocks available, and tend not to get all IPOs on time.
I can understand this potential issue
This doesnāt make sense though. Assuming youāre heavy in foreign stock or in your case it seems you want to invest heavily in Toronto and Aus? the fees for a SIPP with HL will be more expensive than freetrade.
But assuming you had a mix of investments. You cant be all in on TSX and ASX? Then id expect the calculations would show that its cheaper to keep the Freetrade SIPP and open an HL SIPP just for the TSX and ADS shares?
A single trade costs more than the Freetrade SIPP fee, and the Fx is more than double Freetrades. So im not sure how you got to the conclusion that its cheaper?
ii is quite good. still more expensive than Freetrade but it depends what youāre wanting to invest in. it would be more down to youāre investments, not the cost, as it will be more expensive no matter how you look at it
ii is Ā£6 a trade, + 2 āfreeā trades. So you could count the account fee as Ā£8 a month. the Ā£6 trade fee only applies to the UK and US though.
Youāre Aus and Can trades will cost Ā£20 a trade
And your Fx fee will be almost 4 times higher than freetrade 1.5% instead of 0.39%
You do get some other benefits, as you mention, company events are direct, voting is available etc.
I recently made 300% on EVNI. I couldnāt do that on Freetrade because thereās no TSX access.
I predominantly invest in Junior Mining Stocks, and those tend to sit on the TSX and ASX.
Even if youāre looking at FTSE 350, regular investing on II is free. So you can buy monthly out of your regulsr subscription.
The thing is, I like Freetrade, but it doesnāt do enoigh for me to justify using as my āprimaryā broker, and also costs too much for me to use as a secondary broker.
I definitely need to stop using HL for my SIPP, though!