Interactive Investor

gterr

gterr wrote: »

Also, I've sent a few questions out to different fund platforms over the last couple of days, starting with a question to iii on Wednesday. All the other answers have come back, except for iii who haven't replied (yet). Not hugely encouraging.

In fairness I should point out that the reply to my question came back yesterday, together with an apology for the slow response. They have seen a huge increase in enquiries over the last few days - which I can well understand!

Freecall

I have accounts with both ii and HL. In general the HL account has been used to hold trackers etc and the ii account for everything else.

The extremely low cost of HL (for trackers) was always going to be too good to last but I have enjoyed it for a few years but now it is probably the time to leave.

To be honest I have found both platforms to be equally good and can find no real functionality difference between them. They essentially do what they say on the tin.

I have never really understood the argument about research tools on HL, with the internet the tools available for free are vast.

If possible I would prefer to not have all my eggs in one basket as I think that the possibility of some technological hiccup over the long term is a significant possibility and for that reason I have looked at other providers. If you don’t need access to funds then X-O has to be a real low cost alternative but I have not yet decided exactly what I will do.

Moving everything to ii remains a strong contender though.

colalba

Freecall wrote: »

To be honest I have found both platforms to be equally good and can find no real functionality difference between them. They essentially do what they say on the tin.

Thanks for that. Good to know.

And thanks to Michael_Nottingham too for input. (I can't seem to put 2nd quote in from another poster).

EdGasket

iii trading platform used to be awful; always crashing when you needed it most. Don't know what it is like now. Anyone know if it crashed on the first day of RMG trading? I use TD Direct Invest (platform has never crashed) and x-o (cheap but platform was out of action for several days when they upgraded software last year; was working during initial dealings in RMG though).

JasonPr

EdGasket wrote: »

iii trading platform used to be awful; always crashing when you needed it most. Don't know what it is like now.

Can someone who's currently with Interactive Investor comment on that?

Linton

EdGasket wrote: »

iii trading platform used to be awful; always crashing when you needed it most. Don't know what it is like now. Anyone know if it crashed on the first day of RMG trading? I use TD Direct Invest (platform has never crashed) and x-o (cheap but platform was out of action for several days when they upgraded software last year; was working during initial dealings in RMG though).

JasonPr wrote: »

Can someone who's currently with Interactive Investor comment on that?

I have never had a problem in the 4.5 years I have been with them. But I am not a heavy user of the platform being a buy and hold investor. I rely on their automatic pay-out of dividends to my bank account. This was flakey in the early days but everything now works reliably as far as I am concerned.

koru

JasonPr wrote: »

Can someone who's currently with Interactive Investor comment on that?

I don't remember it crashing on me. Unlike ATS, whose platform happily showed my holding in a particular fund, but when I clicked on the transact button beside the holding and then tried to sell the holding, I got a message saying that I could not sell, because I did not hold the fund. To be fair, a phone call sorted this out.

noclaf

I'm currently with HL, S&S ISA and a recently transferred SIPP (not invested yet) but am seriously considering moving my SIPP back out to my old provider since its so small (12.6k) and cant justify paying HL's proposed fee hikes.

Can someone confirm: If I hold a S&S ISA with HL (nearly maxed out), can I open up a second S&S ISA after April 5th and run both together?(assuming no new money added to the old one,just reinvesting profits etc)

Linton

noclaf wrote: »

...
Can someone confirm: If I hold a S&S ISA with HL (nearly maxed out), can I open up a second S&S ISA after April 5th and run both together?(assuming no new money added to the old one,just reinvesting profits etc)

You can have a completely new S&S ISA after 5th April and run both together. In future years you could open a third one or pay the year's contribution into any of your existing ones.

jimjames

noclaf wrote: »

I'm currently with HL, S&S ISA and a recently transferred SIPP (not invested yet) but am seriously considering moving my SIPP back out to my old provider since its so small (12.6k) and cant justify paying HL's proposed fee hikes.

Can someone confirm: If I hold a S&S ISA with HL (nearly maxed out), can I open up a second S&S ISA after April 5th and run both together?(assuming no new money added to the old one,just reinvesting profits etc)

For a small SIPP how much is HL's fee rise? I can't imagine it is any real significant amount?

Each year's ISA is separate and can be with a different company if you so wish. Or you can continue paying into the same ISA as the previous year.