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  • FIRST POST
    • capital0ne
    • By capital0ne 12th Jan 18, 11:39 PM
    • 257Posts
    • 126Thanks
    capital0ne
    ii will be cheaper than iWeb for me - actually it's the same
    • #1
    • 12th Jan 18, 11:39 PM
    ii will be cheaper than iWeb for me - actually it's the same 12th Jan 18 at 11:39 PM
    My portfolio on ii will be £160/yr cheaper to hold on ii than on iWeb.

    I reinvest divis automatically, and I trade about 8 times/yr, so in ii it will cost me £30, but when it was TD it cost £190.

    On iWeb it would cost a minimum of £160

    I was going to move to iWeb, but not now
    Last edited by capital0ne; 13-01-2018 at 3:55 PM.
Page 1
    • soulsaver
    • By soulsaver 13th Jan 18, 10:44 AM
    • 1,536 Posts
    • 572 Thanks
    soulsaver
    • #2
    • 13th Jan 18, 10:44 AM
    • #2
    • 13th Jan 18, 10:44 AM
    My portfolio on ii will be £160/yr cheaper to hold on ii than on iWeb.

    I reinvest divis automatically, and I trade about 8 times/yr, so in ii it will cost me £30, but when it was TD it cost £190.

    On iWeb it would cost a minimum of £160

    I was going to move to iWeb, but not now
    Originally posted by capital0ne
    OK I'll bite:

    Your maths & charges are flawed.

    II charge £22.50 per quarter standard fee. So even all your trades are covered by the fee credits it'll still cost £90.00 - not £30.00 pa?
    And there is other stuff wrong in the OP
    • capital0ne
    • By capital0ne 13th Jan 18, 3:52 PM
    • 257 Posts
    • 126 Thanks
    capital0ne
    • #3
    • 13th Jan 18, 3:52 PM
    • #3
    • 13th Jan 18, 3:52 PM
    My portfolio on ii will be £160/yr cheaper to hold on ii than on iWeb.

    I reinvest divis automatically, and I trade about 8 times/yr, so in ii it will cost me £30, but when it was TD it cost £190.

    On iWeb it would cost a minimum of £160

    I was going to move to iWeb, but not now
    Originally posted by capital0ne
    soulsaver, you're right, I made a mistake by not adding on the platform fees

    So here are some real numbers I've created from looking at my past year
    ================================================
    Old TD 57 Reinvestments * £1.50: £85
    8 Trades * £12.50: £100
    Platform Cost £0
    Platform Trading Cost Offset £0
    Total Cost £185
    =================================================
    New TD 57 Reinvestments * £1.00: £57
    8 Trades * £10.00: £80
    Platform Cost £90
    Cost £257
    less Platform costs -£90
    Total Cost £167

    So it's abit cheaper, coulf be lot cheaper if I accumulated all my divis and just added them onto my annual ISA allowance and just traded 8 times a year.

    And comparing this to iWeb (reinvesting costs 2% of divi value) this is how much my trading would cost:

    On iWeb 57 Reinvestments at 2% £120
    8 Trades at £5.00 £40
    Total Cost £160
    Again I could accumulate the divis and just add to my annual ISA allowance

    So I've changed my mind now, I think I'll move to iWeb in the near future
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