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  • FIRST POST
    • Azzzaa
    • By Azzzaa 19th Jun 17, 8:19 AM
    • 340Posts
    • 2,171Thanks
    Azzzaa
    How can I pay less fees?
    • #1
    • 19th Jun 17, 8:19 AM
    How can I pay less fees? 19th Jun 17 at 8:19 AM
    I'm currently with Hargreaves Lansdown but am paying quite high commission fees, working out at nearly 23% of my overall input into the site, are there any other brokers/companies out there which have lower fees, that 23% is only buying fees, not including a percentage every time I sell!

    Over time all these %'s will add up!
    Last edited by Azzzaa; 19-06-2017 at 8:21 AM.
Page 1
    • LHW99
    • By LHW99 19th Jun 17, 8:55 AM
    • 827 Posts
    • 650 Thanks
    LHW99
    • #2
    • 19th Jun 17, 8:55 AM
    • #2
    • 19th Jun 17, 8:55 AM
    What amount do you have invested.

    HL are expensive for pots over about £30k, although that depends on what you are invested in.
    There are a number of platforms that charge a fixed fee, many of which are mentioned here.

    Interactive Investor is one, although it isn't necessarily the best for you - depends on what you need.
    • Linton
    • By Linton 19th Jun 17, 9:00 AM
    • 8,063 Posts
    • 7,893 Thanks
    Linton
    • #3
    • 19th Jun 17, 9:00 AM
    • #3
    • 19th Jun 17, 9:00 AM
    I'm currently with Hargreaves Lansdown but am paying quite high commission fees, working out at nearly 23% of my overall input into the site, are there any other brokers/companies out there which have lower fees, that 23% is only buying fees, not including a percentage every time I sell!

    Over time all these %'s will add up!
    Originally posted by Azzzaa
    Are you buying shares or funds? How much at a time? If you are being charged 23% as buying fees that would suggest you are buying in very small quantities.
    • cloud_dog
    • By cloud_dog 19th Jun 17, 9:11 AM
    • 3,101 Posts
    • 1,677 Thanks
    cloud_dog
    • #4
    • 19th Jun 17, 9:11 AM
    • #4
    • 19th Jun 17, 9:11 AM
    Ignoring if HL are the right platform for the OP, for a 23% cost to invest it sounds like the OP is investing £50???

    Of the OP is investing £50 and they are doing it monthly, why not make use of the HL Regular Savings (investing) option for £1.50.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • AnotherJoe
    • By AnotherJoe 19th Jun 17, 9:18 AM
    • 7,042 Posts
    • 7,511 Thanks
    AnotherJoe
    • #5
    • 19th Jun 17, 9:18 AM
    • #5
    • 19th Jun 17, 9:18 AM
    yep, sounds as if, with very small amounts in either case, either you are daytrading, or you are buying regular purchases. So you need to alter your strategy, whoever you use as a platform.
    • Eco Miser
    • By Eco Miser 19th Jun 17, 11:51 AM
    • 2,934 Posts
    • 2,716 Thanks
    Eco Miser
    • #6
    • 19th Jun 17, 11:51 AM
    • #6
    • 19th Jun 17, 11:51 AM
    Here's a list of brokers. Sounds like you need to use one that charges a percentage of your holding, but no transaction fees.
    Eco Miser
    Saving money for well over half a century
    • cloud_dog
    • By cloud_dog 19th Jun 17, 11:59 AM
    • 3,101 Posts
    • 1,677 Thanks
    cloud_dog
    • #7
    • 19th Jun 17, 11:59 AM
    • #7
    • 19th Jun 17, 11:59 AM
    I think the OP needs to completely re-assess their priorities and what they are trying to achieve, for example £20k loan (assuming this isn't a student loan), what is the rate on this?
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
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