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    • intowhere
    • By intowhere 14th Jul 17, 8:32 AM
    • 33Posts
    • 5Thanks
    intowhere
    Where to go for cheap ETF / IT trades
    • #1
    • 14th Jul 17, 8:32 AM
    Where to go for cheap ETF / IT trades 14th Jul 17 at 8:32 AM
    Hi
    Can someone suggest a decent website/ fundsupermarket / broker that offers a wide range of EFT / IT, and investment funds.
    Lots of fund supermarkets offer free fund buying and selling but charge rather a large fee for any EFT / IT trades. HL for example will charge £10.99, although the price decreases the more traders you undertake. I plan to purchase an EFT / IT on a monthly or bi monthly basis, and even then I am only looking to invest about £100 per transaction. A cost of £10 would be too high. Any suggestions about companies that offer a wide range and low trading cost for ETF and IT
Page 1
    • george4064
    • By george4064 14th Jul 17, 8:50 AM
    • 820 Posts
    • 866 Thanks
    george4064
    • #2
    • 14th Jul 17, 8:50 AM
    • #2
    • 14th Jul 17, 8:50 AM
    Take a look at this comparison site: http://monevator.com/compare-uk-cheapest-online-brokers/

    It sounds like you are looking for a platform that have a regular investing plan of which can invest in ETFs and ITs. Note that each platform has a select list of funds/ETFs/ITs that are eligible for regular investing plan so make sure you check that beforehand.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

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    • cloud_dog
    • By cloud_dog 14th Jul 17, 9:11 AM
    • 3,169 Posts
    • 1,699 Thanks
    cloud_dog
    • #3
    • 14th Jul 17, 9:11 AM
    • #3
    • 14th Jul 17, 9:11 AM
    I plan to purchase an EFT / IT on a monthly or bi monthly basis, and even then I am only looking to invest about £100 per transaction. A cost of £10 would be too high. Any suggestions about companies that offer a wide range and low trading cost for ETF and IT
    Originally posted by intowhere
    Most of these sites will offer a reduced transaction fee for a monthly investment option, i.e. £1.50.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • Glen Clark
    • By Glen Clark 14th Jul 17, 10:31 AM
    • 3,825 Posts
    • 2,793 Thanks
    Glen Clark
    • #4
    • 14th Jul 17, 10:31 AM
    • #4
    • 14th Jul 17, 10:31 AM
    Have you seen the Best Buy platforms on this website - link: http://www.moneysavingexpert.com/savings/cheap-online-sharedealing
    Buying shares in units of £100 is inefficient whichever platform you use.
    I suggest you take advantage of the great deals on a regular saver acount, then invest the money when it matures.
    As a retail investor you can get better interest rates than large investors - up to 5% which is 20 times the bank rate - link: http://www.moneysavingexpert.com/savings/best-regular-savings-accounts
    Last edited by Glen Clark; 14-07-2017 at 10:35 AM.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
    • Thrugelmir
    • By Thrugelmir 14th Jul 17, 1:13 PM
    • 55,209 Posts
    • 48,424 Thanks
    Thrugelmir
    • #5
    • 14th Jul 17, 1:13 PM
    • #5
    • 14th Jul 17, 1:13 PM
    Look for IT's that offer monthly savings schemes. £100 investments aren't economic otherwise.
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
    • cashbackproblems
    • By cashbackproblems 14th Jul 17, 2:59 PM
    • 1,702 Posts
    • 659 Thanks
    cashbackproblems
    • #6
    • 14th Jul 17, 2:59 PM
    • #6
    • 14th Jul 17, 2:59 PM
    well I buy monthly funds for £50 each per fund via HL and its free.


    I.T's would have a small fee I imagine, but then theres no custody fees.
    • AnotherJoe
    • By AnotherJoe 15th Jul 17, 12:40 AM
    • 7,239 Posts
    • 7,753 Thanks
    AnotherJoe
    • #7
    • 15th Jul 17, 12:40 AM
    • #7
    • 15th Jul 17, 12:40 AM
    well I buy monthly funds for £50 each per fund via HL and its free.

    I.T's would have a small fee I imagine, but then theres no custody fees.
    Originally posted by cashbackproblems
    They would have a fee of £10.95 if it was not a regular scheme, which they may or may not have for regular IT/ETF savings. So not at all small as thats basically 20%.

    The OP has started from the wrong premise, the right question would have been to ask who offers low cost regular savings plans for ITs/ETFs.
    • badger09
    • By badger09 15th Jul 17, 11:33 AM
    • 5,123 Posts
    • 4,338 Thanks
    badger09
    • #8
    • 15th Jul 17, 11:33 AM
    • #8
    • 15th Jul 17, 11:33 AM
    Hi
    Can someone suggest a decent website/ fundsupermarket / broker that offers a wide range of EFT / IT, and investment funds.
    Lots of fund supermarkets offer free fund buying and selling but charge rather a large fee for any EFT / IT trades. HL for example will charge £10.99, although the price decreases the more traders you undertake. I plan to purchase an EFT / IT on a monthly or bi monthly basis, and even then I am only looking to invest about £100 per transaction. A cost of £10 would be too high. Any suggestions about companies that offer a wide range and low trading cost for ETF and IT
    Originally posted by intowhere
    They would have a fee of £10.95 if it was not a regular scheme, which they may or may not have for regular IT/ETF savings. So not at all small as thats basically 20%.

    The OP has started from the wrong premise, the right question would have been to ask who offers low cost regular savings plans for ITs/ETFs.
    Originally posted by AnotherJoe
    Where are you getting your figures from? HL charge me £11.95.
    • AnotherJoe
    • By AnotherJoe 15th Jul 17, 11:42 AM
    • 7,239 Posts
    • 7,753 Thanks
    AnotherJoe
    • #9
    • 15th Jul 17, 11:42 AM
    • #9
    • 15th Jul 17, 11:42 AM
    Where are you getting your figures from? HL charge me £11.95.
    Originally posted by badger09
    That was just a number from memory, couldn't be bothered to look it up.
    • badger09
    • By badger09 15th Jul 17, 11:49 AM
    • 5,123 Posts
    • 4,338 Thanks
    badger09
    That was just a number from memory, couldn't be bothered to look it up.
    Originally posted by AnotherJoe
    • Glen Clark
    • By Glen Clark 15th Jul 17, 1:02 PM
    • 3,825 Posts
    • 2,793 Thanks
    Glen Clark
    My understanding is that regular savings schemes were run at a loss to the Investment Trusts. They were done in an effort to reduce the discount because its an embarassment to the Management.
    But with the advent of more competition, Investment trusts have come under pressure to reduce their fees. So some have discontinued loss making regular savings schemes to reduce their costs and fees, which has led to a narrowing of discounts.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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