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  • FIRST POST
    • ed44
    • By ed44 12th Oct 16, 8:44 PM
    • 15Posts
    • 21Thanks
    ed44
    TD Direct sold to Interactive Investor
    • #1
    • 12th Oct 16, 8:44 PM
    TD Direct sold to Interactive Investor 12th Oct 16 at 8:44 PM
    https://www.moneymarketing.co.uk/interactive-investor-acquires-td-direct/

    http://www.tddirectinvesting.co.uk/special-pages/customer-information/?_ga=1.259966666.1942136220.1414500024

    No change to the TD service in the short term.
    Last edited by ed44; 12-10-2016 at 9:05 PM. Reason: changed link
Page 3
    • economic
    • By economic 17th Oct 16, 4:18 PM
    • 627 Posts
    • 270 Thanks
    economic
    td & ii's charges are very different for funds (as opposed to shares).

    td have a 0.3% annual holding charge for funds. ii have no holding charge.

    ii charge for buying/selling funds. td don't.
    Originally posted by grey gym sock
    thats good for me then as i have a lot in index funds so would welcome not being charged 0.3%. index funds of around 100k would mean i save £300 a year which is great.
    • Nerdlinger
    • By Nerdlinger 1st Nov 16, 5:18 PM
    • 7 Posts
    • 1 Thanks
    Nerdlinger
    Has anyone considered IG?

    I'm a bit reluctant as their business model of encouraging gambling is awful but they appear to have a good broker service with no platform fee, low trade commission, Mr Osbourne's Flexible ISA feature (no doubt to encourage gambling) and a golden hello of £250 for >£100k portfolios.

    I moved to II from Halifax when the 0.2%p.a. was getting into the £hundreds and then moved to TD when II started their charges.

    Second favourite for me would be a return to Halifax since they now charge a more reasonable £12.50 p.a.
    • grey gym sock
    • By grey gym sock 1st Nov 16, 7:31 PM
    • 3,834 Posts
    • 3,233 Thanks
    grey gym sock
    i'm thinking of IG, in case TD / II increase my costs for an ISA holding individual shares, or do something else to annoy me.

    IG do have a (£12 per month) inactivity fee, though only after 2 years' inactivity. but i think it said that receiving dividends counted as activity (i could be wrong about that).

    halifax/iweb would also be possible, except that i already hold OEICs / unit trusts with iweb, and i like use multiple providers (out of general paranoia).
    • Nerdlinger
    • By Nerdlinger 2nd Nov 16, 5:48 PM
    • 7 Posts
    • 1 Thanks
    Nerdlinger
    Does anyone have a IG S&S ISA? Have you successfully resisted the temptation to do a spreadbet?

    ggs, if you're thinking of it are you at all concerned about your own self-discipline?

    I'm not sure I trust myself enough not to "temporarily" withdraw the cash balance from my flexible ISA to "invest" in some sophisticated financial instrument when my portfolio happens to be doing well and I get that Master Of The Universe feeling... Even though I know that all gamblers are losers.


    from a Torygraph article I'm not permitted to link to:

    The group hopes that its stockbroking customers will also be attracted to its spread-betting offering.

    "We also see an opportunity which is once we’re addressing a much wider audience to get them interested not just in stockbroking but in our existing products," IG's chief executive said.

    "It’s a very natural extension: If you’ve got someone doing share trading on your website to [then] start talking to them about maybe occasionally taking a position in the FTSE or occasionally taking a position in gold."
    • grey gym sock
    • By grey gym sock 2nd Nov 16, 8:54 PM
    • 3,834 Posts
    • 3,233 Thanks
    grey gym sock
    ggs, if you're thinking of it are you at all concerned about your own self-discipline?
    Originally posted by Nerdlinger
    personally, no. i have lots of ways to distract myself from making changes in investments: improve my electronic records of past investments (which doesn't yet cover dividends - i think i have all that info on paper); post on here; read monevator; etc.

    EDIT to add: and i guess i'm also scared of messing it up. it's all quite entertaining looking at whether my equities are doing a bit better or a bit worse than just holding a global tracker. as long as i don't do anything too dramatic, it's only going to be a bit better or worse. it would be less fun if i did something reckless and it turned out very badly.

    i do realize i'm not part of IG's target market, which is active traders generally. (ironically, i hold some IG shares in my ISA with TD.)
    Last edited by grey gym sock; 02-11-2016 at 9:21 PM.
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