We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
iWeb or Halifax Sharedealing?
Options
Comments
-
I find iWeb a very good value site for trading, with no platform fee. But don't be fooled by the valuations page which purports to show the value of your holdings. The cost-per-share valuations are based only on purchase price and do not change if you sell some, whether you sell at £1 or £1,000 a share. Relying on this valuation could prove costly. I have complained to iWeb without success, so make sure you keep an accurate record of trades to ensure you do not sell below your true average price.
Otherwise, excellent. I have had no issues with price-limit trades or range trading, although there is a £2 set-up fee for these if placed outside an ISA. The £2 is refunded on execution, but not if you change your mind.0 -
I owe iWeb an apology. I am advised that it is normal to count only purchases to calculate the average cost of a share.
I had mistakenly believed that the correct way to calculate the average cost was to take the total amount spent after a series of trades and divide by the number of shares held at the end of the sequence. Apologies.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards