We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.

Want to open new General investment account

Hi I have got requirement (outside of ISA) to open general investment account. Do not want to go with Vanguard. 
Are there any other good options ... either fixed fee or % fee & if someone can refer me as well. I’ve few names in my mind- please feel free to suggest any other: 

-cavendish online
-Interactive investor
-Wealthify
-Bestinvest.co.uk

appreciate your help
«1

Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    It really depends how often you'll be trading and how much you'll be holding. 
  • amittal6
    amittal6 Posts: 21 Forumite
    10 Posts
    I want to invest £1000-£2000 approx per month. So it would come around £30k yearly. Could you suggest? 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What instruments are you considering investing in? 
  • amittal6
    amittal6 Posts: 21 Forumite
    10 Posts
    What instruments are you considering investing in? 

    Mainly passive funds like tracker funds in US and UK markets. S&P 500 fund or FTSE 100 fund.
    I am not in active trading.
  • 83705628
    83705628 Posts: 482 Forumite
    100 Posts Name Dropper First Anniversary
    edited 23 July 2020 pm31 11:36PM
    Why not Vanguard? They're very competitive for the amounts you're talking about until you get upto £50k-£100k, and have everything you want, above that amount  I think iWeb are the absolute cheapest for infrequent traders. 
    I use both, prefer Vanguard, iWeb is fine.
  • dunstonh
    dunstonh Posts: 118,612 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Mainly passive funds like tracker funds in US and UK markets. S&P 500 fund or FTSE 100 fund.
    I am not in active trading.
    You may not be trading but you are making active decisions with that selection.
    FTSE100 is a dire index.  Over 20 years of consistent underperformance compared to its peers.   No expectation that will change given its extremely poor asset make up.    So, why does it appeal to you?

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • amittal6 said:
    Hi I have got requirement (outside of ISA) to open general investment account. Do not want to go with Vanguard. 
    Are there any other good options ... either fixed fee or % fee & if someone can refer me as well. I’ve few names in my mind- please feel free to suggest any other: 

    -cavendish online
    -Interactive investor
    -Wealthify
    -Bestinvest.co.uk

    appreciate your help

    This is a good starting point:

  • I use Halifax Sharedealing, just £2 for regular investments, no other fees
  • msallen
    msallen Posts: 1,494 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Why not Vanguard? They're very competitive for the amounts you're talking about until you get upto £50k-£100k, and have everything you want, above that amount  I think iWeb are the absolute cheapest for infrequent traders. 
    I use both, prefer Vanguard, iWeb is fine.
    But the OP is not going to be an infrequent trader. They are proposing at least one trade a month, maybe multiple as they talking about a number of index funds.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.4K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 241K Work, Benefits & Business
  • 617.3K Mortgages, Homes & Bills
  • 175.7K Life & Family
  • 254.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.