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PrimaryBid, Which broker is the cheapest to use with them please? Freetrade not on the list.
ncmscnc
Posts: 120 Forumite
Basically, execute and hold.. Freetrade ISA is £36 a year but it seems they don't have a transfer in.
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Thanks. Already have an ISA for the year with Freetrade.Thrugelmir said:
Their nominee account sounds good. £5.95 per trade and no admin/holding charges.0 -
Yes, I'd second that recommendation: x-o are cheap and cheerful with no ongoing charges at the moment.
I hooked up my primarybid account with my AJ Bell Youinvest account as I have an ISA and SIPP and normal (i.e. not tax-wrapped) general investment account over there, and it's convenient to have different things all sit on one platform, even though they do charge for ongoing account maintenance for each account (on a percentage basis, up to a cap). If I buy something on primarybid it arrives in my Youinvest general investment account and I can keep it there or 'bed and ISA' it into my ISA in due course if needed. I haven't done many purchases that way, but a few.
I tend to use Jarvis's X-O for relatively low value holdings, UK listed buy and hold stocks, that I might at some point want to convert into a paper certificate for a nominal fee (because having your own name on the shareholder register with a paper certificate makes it easier to organise shareholder perks or AGM attendance etc which the very cheapest nominee brokers won't organise without extra fees or hassle).
X-O are not a bad broker at all, but they don't deal in everything I might want (foreign stocks, open-ended funds etc) so I don't have my main ISA or pension with them. If it was just a one-off purchase of some IPO (Deliveroo etc) to hold without ongoing cost, they are a decent and reliable business.
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Thank you. This is exactly what I am after.0
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