ii Trading Credit

capital0ne

ii (ex TD Direct Investing) now charges £22.50/quarter (£90/year)
This can be used as a trading credit and it rolls over each quarter.
My question is does it roll over into the fifth quarter if you don't use it?
I'm debating a move to iWeb or remain with ii?

I'm a buy and hold investor, so I could just squeeze in say 6 trades.
So my annual cost would be £90 - £60 = £30 (£90 in charges and 6x£10=£60 trading fees taken from the £90 trading credit)

On iWeb 6 trades would cost £30 (6 x £5)

Note: I've posted a few times on this subject but my logic was a bit flawed, and I'm now not going to switch on auto-reinvestment of dividends. I'm going to let this all accumulate and roll it into my annual ISA allowance. The 6 or so trades will be new money in to rebalance portfolio.

AirlieBird

Trading credit will continue to rollover indefinitely, but the trading credit balance cannot exceed £90.

capital0ne

AirlieBird wrote: »

Trading credit will continue to rollover indefinitely, but the trading credit balance cannot exceed £90.

Cheers, I guess it's on their T&Cs - but I missed that point!:beer:

Back to the drawing board (spreadsheet) to see whats best for my trading style iWeb or ii

capital0ne

Actually, I've been over thinking this one - iWeb is cheaper than ii form my buy and hold portfolio

Regardless of the credit you get for paying £90/yr with ii - it still costs £90! and that converts to 9 trades at £10 each.

On iWeb 9 trades costs £45 - and £90 would buy me 18 trades.

It's no brainer - I'm moving to iWeb!

Ignore all my previous posts on this - they're all rubbish!