Jarvis Stocks and Shares ISA

eddiejones

At the start of this tax year, I opened a Jarvis Stocks and Shares ISA (seems to be x-o.co.uk that I log in through), on the recommendation of this site. I now see that this is no longer recommended on https://www.moneysavingexpert.com/savings/stocks-shares-isas/

Yet as far as I know (I have only traded what I'm in once), the fees for it are still really good. I.e. £5.95 a trade. And iWeb is recommended for infrequent traders despite having to pay £25 to set one up. Did I, or am I, missing some charges on x-o.co.uk ? Or some other reason why it's no longer on the recommended list?


Secondly I tried to buy an S&P ETF on the Jarvis page and aside from there seemingly being hundreds of different options (iShares, HSBC, various other investment companies, as well as different options for each), I never found one that allowed me to actually buy it (I just ended up getting a 'Please select a valid stock' error or something like that). I've looked at a few threads on here about people struggling to buy ETFs online... Am I correct in my experience?

SonOf

Or some other reason why it's no longer on the recommended list?

MSE does not offer a recommended list for regulated investments.

It has some examples of providers/platforms that you could use.

bowlhead99

eddiejones wrote: »

At the start of this tax year, I opened a Jarvis Stocks and Shares ISA (seems to be x-o.co.uk that I log in through), on the recommendation of this site. I now see that this is no longer recommended on https://www.moneysavingexpert.com/savings/stocks-shares-isas/

Yet as far as I know (I have only traded what I'm in once), the fees for it are still really good. I.e. £5.95 a trade. And iWeb is recommended for infrequent traders despite having to pay £25 to set one up. Did I, or am I, missing some charges on x-o.co.uk ? Or some other reason why it's no longer on the recommended list?

Jarvis x-o is one of the cheapest stockbrokers. However, it is bare bones and only offers things you can trade on the UK stock market.

IWeb has a similar price per trade and also offers the open-ended funds platform facilities that most investors look for. Open-ended funds (OEICs and Unit Trusts) are the simplest form of regulated collective investment scheme and historically investors have looked primarily at those for long term investment rather than the more complex or specialist ETFs and investment trusts whose prices change every second.

So, if I were listing S&S providers at the budget end of the scale I would probably include IWeb (which offers the same funds list as it's parent company Halifax, at a slightly lower price point for one-off trades), above X-O; even though I haven't actually used IWeb, while I have used X-O (some time ago, no idea what they are like at ETFs).

eddiejones

SonOf wrote: »

MSE does not offer a recommended list for regulated investments.

It has some examples of providers/platforms that you could use.

Ok, maybe I used the wrong word.
Though "Best buys" sounds like something being recommended to me.

eddiejones

bowlhead99 wrote: »

Jarvis x-o is one of the cheapest stockbrokers. However, it is bare bones and only offers things you can trade on the UK stock market.

IWeb has a similar price per trade and also offers the open-ended funds platform facilities that most investors look for. Open-ended funds (OEICs and Unit Trusts) are the simplest form of regulated collective investment scheme and historically investors have looked primarily at those for long term investment rather than the more complex or specialist ETFs and investment trusts whose prices change every second.

Right, ok. Makes sense. Bare bones has been my limited experience to be fair .