Have I worked these differences between Vanguard and IWeb correctly?

isayhello

Alexland said:

No offers just the account opening price changes every few years. Another happy iWeb user not that I login very often as I track my investment accounts elsewhere.

Might be off track but you mean you track your investments in IWeb on another platform? Can I ask how and why?

isayhello

ColdIron said:

The site is a bit dated and not as slick as others but all the functionality is there. But for long term buy and hold how often will you use it? The only action my accounts see is an annual Bed & ISA. It's a very small price to pay for the low cost

The choice of investments is a little smaller than some of it's competitors but far far wider than Vanguard

I am a happy IWeb user

I understand on Vanguard you can pay for trades but there is also the free option so just comparing based on only using the free option.

Funds are free to trade at Vanguard. Only ETFs can cost if you want live trading, but free with the batch trading option

Good to know, I've just come across Interactive Investor now as well, which offers a few free trades each month, so will compare that one with these 2 as well.

Alistair31

isayhello said:

Alexland said:

No offers just the account opening price changes every few years. Another happy iWeb user not that I login very often as I track my investment accounts elsewhere.

Might be off track but you mean you track your investments in IWeb on another platform? Can I ask how and why?

I track the investments I hold within iWeb via Morningstar portfolio where I pull all investments together. Would guess Alex means the same or similar.

eskbanker

isayhello said:
I've just come across Interactive Investor now as well, which offers a few free trades each month, so will compare that one with these 2 as well.

'Free' only in the sense of 'included within the monthly fixed cost'....

There are a number of comparison sites that do the maths for you if you want to compare costs for your anticipated trading/holding profile:

http://monevator.com/compare-the-brokers/ [doesn't seem to be working right now]

http://www.comparefundplatforms.com/

https://www.boringmoney.co.uk/calculator/

https://forums.moneysavingexpert.com/discussion/5583030/coolly-comparing-investment-platform-charges-snowmans-spreadsheet/p1

HCIMbtw

eesh cant believe iWebs cost to set up is up to £100, used to be £25 18mhts ago unless i'm mistaken

Alistair31

HCIMbtw said:

eesh cant believe iWebs cost to set up is up to £100, used to be £25 18mhts ago unless i'm mistaken

Early pain for later gain…

macgyver

Another happy I-web user. Have used them for years for my ISA, SIPP and more recently GIA.
Customer service has been ok, whenever I needed to use it.

MX5huggy

Chuck into the mix Fidelity and HL seem to offer to hold ETF’s for a maximum of just £45 per year, plus the buying cost. 

Albermarle

HCIMbtw said:

eesh cant believe iWebs cost to set up is up to £100, used to be £25 18mhts ago unless i'm mistaken

So £75 difference , lets say spread over ten year on a £200K portfolio , means an increase in cost of 0.0037% . Considering an investment portfolio could easily move 3000 times that in one day , then I do not think it is really significant...........
Also Iweb have to make a profit somehow .

ColdIron

HCIMbtw said:

eesh cant believe iWebs cost to set up is up to £100, used to be £25 18mhts ago unless i'm mistaken

£100,000 lump sum in funds

IWeb
Year 1: £100 + £5
Year 2 - 10: £0 pa
Total: £105

Hargreaves Lansdown
Year 1 - 10: £450
Total: £4,500