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Best Accounts for Trading (Shares/IT's)

Investment discussion for beginners. Why you should invest your money, get help getting started
pds2008
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Best Accounts for Trading (Shares/IT's)

#66340

Postby pds2008 » July 11th, 2017, 10:48 am

Hi

I would appreciate any advice (and promise to do my own research)

I currently have a number of equity holdings in my HSBC Investdirect account (held as ISA's) and a SIPP with Hargreaves Lansdown.

In the next 12 months I will be semi retiring and investing another £200k to create a HYP of Shares and IT's - currently researching what to buy and when

I do not plan to regularly trade after creating the HYP but I would anticipate a level of topping up, selling, and, of course, taking my dividends.

Could someone recommend alternative trading vehicles for an individual investor in this situation. I have no problem being actively involved in the management of the HYP and doing more legwork. My priorities would be low cost and ease of access/use

Thanks in advance

P

flint
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Re: Best Accounts for Trading (Shares/IT's)

#66348

Postby flint » July 11th, 2017, 11:10 am

pds 2008

We also use HSBC ( via First Direct ) for our investments, and HL for a SIPP.

Why do you want to change?

The service for both has been excellent.

Given the sums you propose to invest, the costs are trivial at HSBC.Cheers

Raptor
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Re: Best Accounts for Trading (Shares/IT's)

#66421

Postby Raptor » July 11th, 2017, 1:55 pm

You may get more interest from the brokers board, my felling is iWeb would be good for you. Low dealing charge, no fees and can open for £25. Been with them for many years and never had a problem with them. They have been helpful when my Mum pased away and transferring the portfolio was eased along by their excellent communication and support. I also have my SIPP with HL.

Raptor.

tjh290633
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Re: Best Accounts for Trading (Shares/IT's)

#66469

Postby tjh290633 » July 11th, 2017, 4:50 pm

My view is that you should choose a broker which has a low fixed annual fee and reasonable dealing charges, allied with an easy to use web site. Halifax checks all the boxes, and I believe that iWeb uses their platform. I use Lloyds Sharedealing, which also uses the Halifax platform, but lacks some features which make Halifax more attractive, like cheap dealing days.

From what I hear, H-L have complicated charges and are over-rated.

TJH

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Re: Best Accounts for Trading (Shares/IT's)

#67726

Postby monabri » July 16th, 2017, 5:38 pm

I use SVS Securities. No "membership" charge just £7.95 to buy or sell. I have both the ISA and non ISA execution only accounts.


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