Low cost Stocks & Shares (Investment) ISAs: The Best Currently Available List!

Porcupine

Jegersmart wrote: »

Did anyone look at Fidelity?

Fidelity is just the straight FundsNetwork with not necessarily all of the initial fees refunded and none of the trail fee (or it was last time I looked). So it's not terribly remarkable.

Jegersmart

Porcupine wrote: »

Fidelity is just the straight FundsNetwork with not necessarily all of the initial fees refunded and none of the trail fee (or it was last time I looked). So it's not terribly remarkable.

Thanks - so why the very slapdash analysis then? Wouldn't it be best to present Fidelity in the same format as the others? If not, why not?

Special_Saver2

Porcupine, I have updated post 2 so that all the references to Fidelity now say Fidelity FundsNetwork. If you have a look at the "Fees" section in each entry in post 2, it points out if there are platform fees.

Jegersmart, at the beginning of post 2 it says,

There are many brokers that pass on a 100% discount of their initial fees so I have only listed here the brokers that also provide a rebate of part or all of the trail commission (the fee that gets paid to the broker by the fund manager each year once you have invested in that fund).

which is why fidelity.co.uk is not included.

SS2

Special_Saver2

This is the September update for this thread.

- I have added Traders Own to the list

- I have updated the entry on x-o.co.uk to reflect that they now have an insurance-backed protection scheme for investors that will cover them for at least £3 million in addition to the FSCS protection in case the company fails

- I have updated the sippdeal entries to show that they now have a cheap regular investing option. It is free to purchase unit trusts and OEICs from their list (which does not include Vanguard funds unfortunately) and costs £1.50 for FTSE 350 shares, selected investment trusts, ETFs and ETCs

- I have updated the SVS Securities entry so that it mentions that new customers can trade for £1 per transaction for the first 30 calendar days

I will do another update in December.

SS2

Special_Saver2

I have updated the Sippdeal entries on the first page of this thread because as of 1st November there will be a reduced online frequent dealing charge of £4.99 if you have made 20 or more trades in the previous month.

I have also updated the TD Waterhouse entry as their foreign exchange fee increases to 2% on transactions under £25,000 from 1st November.

Edit: I have also added NatWest Stock Brokers to the list but I have made it a brief entry because, as temagami points out in another thread, the only time this white label service is better than going to TD Waterhouse direct is for an inactive non-ISA account of £2,000 to £7,500 (using new fees that will apply from 1st November).

SS2

switch76

Could you add information about foreign exchange fees for buying overseas shares?

Ideally I'd like an ISA that has no annual fee, the lowest foreign exchange fee for buying overseas shares, and a low fee for dividend reinvestment.

Special_Saver2

Okay, I have now searched the individual brokers' websites and added a section on international share trading to each entry in post 3. The post has hit the character limit barrier, so I have now extended post 3 into post 4 too in order to make it all fit.

I have also updated the information on JPJShare.com including details of their new funds platform service which rebates all of the initial commission and 50% of the trail commission (or they will only keep the first £500 if the trail commission is more than £1,000).

SS2

switch76

Thanks for looking up the information. There are so many that say not stated. Which did you find is the cheapest company to buy overseas shares?

Special_Saver2

switch76 wrote: »

Thanks for looking up the information. There are so many that say not stated. Which did you find is the cheapest company to buy overseas shares?

As far as I can see, the cheapest is TD Waterhouse or iDealing depending on how often you are trading. TD Waterhouse [STRIKE]allows you to hold foreign currencies in your account which will cut down your FX charges[/STRIKE]* and it is possible to avoid the annual fee (unlike iDealing). This is for ISA accounts. If you are trading outside an ISA then there are other options available. I would suggest you have a look at the International Investor comparison table and click on the "More details" sections too.

I have also re-organised post 3 to make it easier to read by separating the constituents into different categories and I have added Selftrade to post 4.

SS2

*Edit: This is not possible, see next post.

Special_Saver2

I have been reading up a bit about investing in overseas shares and I have discovered from International Investor's Holding Foreign Shares in an ISA or SIPP page that cash in foreign currencies cannot be held in an ISA. This page on the TD Waterhouse website confirms this. I have altered my entry in post 2 and the post above accordingly.

SS2