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PrimaryBid, Which broker is the cheapest to use with them please? Freetrade not on the list.

Basically, execute and hold.. Freetrade ISA is £36 a year but it seems they don't have a transfer in. 


Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    X-O is an option . ISA has no annual charge. £5.95 a trade. 

    https://www.x-o.co.uk/




  • ncmscnc
    ncmscnc Posts: 120 Forumite
    Sixth Anniversary 10 Posts
    X-O is an option . ISA has no annual charge. £5.95 a trade. 

    https://www.x-o.co.uk/
    Thanks. Already have an ISA for the year with Freetrade. 
    Their nominee account sounds good. £5.95 per trade and no admin/holding charges. 
  • underground99
    underground99 Posts: 404 Forumite
    100 Posts Name Dropper
    edited 9 March 2021 at 11:28PM
    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.
  • ncmscnc
    ncmscnc Posts: 120 Forumite
    Sixth Anniversary 10 Posts
    Thank you. This is exactly what I am after.  
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