Are X-O.co.uk ok ?

a&akay

pjread wrote: »

Hi,

Just noticed the XO ISA (no ongoing fee, only a charge on closure...) and SIPP (flat £95/yr, I assume deducted from fund?) both look surprisingly good value, and the dealing fee doesn't look too sloppy either.

Anyone used them, are they ok or is there anything to watch out for?

They respond to emails very promptly when transferring shares between spouses and transferring cash from dividends to a bank account. Their trading platform is fine for basic buying and selling, which is what I want. Therefore no issues whatsoever. As others have said, you get what you pay for.

cloud_dog

geoff_s---r wrote: »

Opps

I transferred my ISA into X-o's ISA platform only to find that no unit trust trades is possible. I've tended to have most of my ISA in units. I should have read this thread 1st.

X-o said they could swap me to their ShareDeal Active ISA to trade in units & shares; Charge £60pa & £9.50 per trade. Seems it's the same basic Jarvis dealing site in a different wrapper. (X-o £0pa, £6 trade, £50 to leave).

www.x-o.co.uk gets 11.2 million google responses
www.sharedealactive.co.uk : gets a pitiful 76 google responses (an online business with less responces than my neighbour's stayathome pet gerbil)

I worry how an online service's address (started in 2003) managed to become so invisible.

Has anyone any experience of sharedealactive or advice about them?

As mentioned previously you could (if you wish to) simply invest in Investment Trusts or ETFs they care both collective investment vehicles (like OIECs / UTs). ITs trade and are established just like regular companies.

Alternatively you'll have to move.

EDIT: TBH, when the whole RDR thing was going on I just got so fed up with 'am I better off with this charging structure or that charging structure' etc etc that I switch most of my UT/OIECS in to ITs. I'm a simple sort of person, I like things to be simple and clear. Using ITs in the XO ISA I have no ongoing management charges (excluding the company/IT AMC). Obviously there are dealing costs which providers of OIECs won't levy but I prefer it. It's clean, I know where I stand.

Vortigern

geoff_s---r wrote: »

Has anyone any experience of sharedealactive or advice about them?

Never heard of them.

Perhaps if you start a new thread with "sharedealactive" in the title you might get more responses.

geoff_s---r

cloud_dog wrote: »

.. I switch most of my UT/OIECS in to ITs. I'm a simple sort of person, I like things to be simple and clear.

Thanks for feedback Mr Dog

Helpfully efficient Jarvis simply swapped my accounts from X-O to Sharedealactive. It seems just a different logo on their basic website.

As I don't intend to deal much, the extra £3.50 per deal seems cheap for the extra flexibility & variety... & they'd be a capital gains hit if I couldn't transfer the trading ac in units (both X-O & SDA's trade ac are free)

You've inspired me & I've dabbled in an IT, if only to break my past wariness of them. IT's unknown selling spread when I bail-out & their bizzare ability to borrow on my behalf 'to boost my return' always scared me (a simple person looking for simplicity, like yourself).

With the new charge structures, on a few comparisons, simple UTs do appear to me to be able to run fractionally cheaper?

Thrugelmir

Vortigern wrote: »

Never heard of them.

Perhaps if you start a new thread with "sharedealactive" in the title you might get more responses.

All under the same umbrella.

http://www.jarvisinvest.co.uk/

No advertising to promote. Happy to build on word of mouth. Keeping a low profile. As minnows in a pool of sharks.

geoff_s---r

Vortigern wrote: »

Perhaps if you start a new thread

Apologies Vortigern, None of the pitiful 76 google hits was from a user, so I thought my best hope for quick feedback of these 2 Jarvis dealing flavours was on this thread, in case someone had already looked at the 2 options.

This alternative might interest a prospective X-O user.

Vortigern

geoff_s---r wrote: »

Apologies Vortigern...

No need to apologise, it was a suggestion rather than a criticism.

I use X-O, I know it's run by Jarvis, but I'd not heard of sharedealactive until you mentioned it.

At first glance it appears that sharedealactive charge £9.50 per deal vs. X-O's £5.95, but sda also offer funds, telephone trading and a better looking website?

LHW99

I have used Sharedeal active over the years for ISA's.

The website is fine for dealing in shares & IT's you can buy & hold funds, but they are not always possible to buy / sell online, which means using the phone service.
The sealing line is helpful (perhaps the same people as X-O?) but can't remember if the phone dealing is more expensive.

artemij

I use them too - happy with what they offer for the price. They're missing some basic analytics though - I've solved that problem by building my own analytics tool.

Glen_Clark

Yes they are OK
I occasionally find my portfolio valuation is wildly out :eek:because one of their share prices is wrong. You only seem to get a live feed when you trade. But it soon updates itself and I have got used to it now.