Which NISA S&S provider?

barryjarcher

I'm looking to start a stocks and share NISA and to be honest I think I've over reaserched it and where I had some idea a week ago I've now no idea which provider would be best value for my level of investment.

I've got about 1.5k to intially invest which will be topped up between £25-£50 pm.

I'm only looking to invest in funds to start off but I want the option to buy stocks & shares when (if) my investment grows

I also have some in heritance coming to me which I'll probabaly want to add a chunk of but that is a few months off since Mr tax man has to approve the IHT.

I think H&L will be too pricey for my initial investment level but it does give room to grow into trading.

Cavendish came on the radar but fund charges are £5 a pop and although I'm not looking to swap often with my pending increase of funds I dont think this is my best option either.

Then I read about iWeb, then iii & Motleyfool were recommended - head is spinning from the info now.

So would anyone be so kind and clear the fog a little so I can make the best informed decision as the more I look the less sure I am of what way to turn.

Many Thanks.

TCA

Try here: http://monevator.com/compare-uk-cheapest-online-brokers/

jimjames

Not sure how you worked out your calculations of hl being too expensive at your investment level or Cavendish charges. HL certainly aren't the cheapest but for your investment level it's £6.75 vs £3.75 for Cavendish. I don't know what the £5 charge is you refer to but it isn't one I've paid.

Net upshot is that HL may be more expensive but it isn't significant at £1500 level especially for the fantastic website for a beginner.

barryjarcher

jimjames wrote: »

Not sure how you worked out your calculations of hl being too expensive at your investment level or Cavendish charges. HL certainly aren't the cheapest but for your investment level it's £6.75 vs £3.75 for Cavendish. I don't know what the £5 charge is you refer to but it isn't one I've paid.

As I said head is spinning with amount of information I've read over past few days, I think its iweb thats £5 a pop.

ChopperST

If you are initially starting with funds I'd go with Charles Stanley direct if cost is the issue. As Jim James says HL website is excellent but much of it can be accessed for free without an account.

If and when you want to start to invest in shares you can transfer your ISA to HL or another provider that has favourable rates for share dealing.

ColdIron

I think that for low frequency trading in shares HL charge £11.95 a pop and CSD are £10 so if you started with CSD there's no reason to move to HL although I would question the wisdom of holding shares at your level of investment. Agree with the above that either would be a good choice for funds for you

Edit
Pop some numbers into this to get an idea of the differences
http://www.comparefundplatforms.com/

ChopperST

Didn't realise that CSD were so reasonable for share dealing.

Tempted to move from Fidelity to either Cavendish or CSD but have always received good service from Fidelity and my holdings are only £12k so minor difference for me at the moment.