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Different Investing Platform
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wmb194 said:Btw, it isn't named, "Freetrade.io" it's just Freetrade. ".io" is just the trendy domain for technology companies.
The domain extensions designated for technology companies include .net and .tech but it is generally accepted that .com is the best domain extension for any business.0 -
GeoffTF said:
The cheapest option for the OP is Invest Engine.
It will be interesting to see what Dodl brings to the investment market. They are making similar promises about free trading, but they (A J Bell) are a member of the London Stock Exchange.0 -
maxsteam said:wmb194 said:Btw, it isn't named, "Freetrade.io" it's just Freetrade. ".io" is just the trendy domain for technology companies.
The domain extensions designated for technology companies include .net and .tech but it is generally accepted that .com is the best domain extension for any business.From a two second Google: https://www.fastcomet.com/blog/why-io-powerful-domain-choice
Anyway, it's Freetrade, not Freetrade.io. This is the key point.3 -
wmb194 said:
Anyway, it's Freetrade, not Freetrade.io. This is the key point.
Freetrade is just a trading name which is probably also used by other companies. If you are going to be clear about who we are discussing, the company is Freetrade Limited and the website is Freetrade.io0 -
maxsteam said:GeoffTF said:
The cheapest option for the OP is Invest Engine.0 -
maxsteam said:GeoffTF said:
The cheapest option for the OP is Invest Engine.
It will be interesting to see what Dodl brings to the investment market. They are making similar promises about free trading, but they (A J Bell) are a member of the London Stock Exchange.
AJ Bell is imposing a 0.25% platform charge for Dodl, which makes it an expensive option for all but the smallest accounts.1 -
maxsteam said:wmb194 said:
Anyway, it's Freetrade, not Freetrade.io. This is the key point.
Freetrade is just a trading name which is probably also used by other companies. If you are going to be clear about who we are discussing, the company is Freetrade Limited and the website is Freetrade.io
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GeoffTF said:Just for the fun of it, I thought I would compare the cost of using Vanguard's platform to buy an ETF in an ISA each month with that of using Fidelity's platform. Fidelity is Vanguard's old rival. For Fidelity the platform fee is a maximum of £45 p.a. Regular savings or withdrawal costs £1.50 per transaction. That is a total of £45 + 12 * £1.50 = £63 for twelve transactions. Break even with Vanguard's 0.15% is £42,000. For a portfolio of £250,000 Vanguard charges £375, which is nearly 6 times what Fidelity charges. That is bonkers. Nonetheless, it has to be said that Vanguard's platform is growing rapidly, both in terms of its number of users and its AUM.
Vanguard is probably the cheapest option for small/medium size investors buying popular funds like Life Strategy and the target retirement funds. Also they advertise a lot .
I read an article about that Vanguard strategy is changing ( globally , not just in UK ) . The basic low cost offering that they 'invented' is just not very profitable, and hence the branching out into offering financial advice amongst other developments ( can not remember all the details )0 -
Albermarle said:GeoffTF said:Just for the fun of it, I thought I would compare the cost of using Vanguard's platform to buy an ETF in an ISA each month with that of using Fidelity's platform. Fidelity is Vanguard's old rival. For Fidelity the platform fee is a maximum of £45 p.a. Regular savings or withdrawal costs £1.50 per transaction. That is a total of £45 + 12 * £1.50 = £63 for twelve transactions. Break even with Vanguard's 0.15% is £42,000. For a portfolio of £250,000 Vanguard charges £375, which is nearly 6 times what Fidelity charges. That is bonkers. Nonetheless, it has to be said that Vanguard's platform is growing rapidly, both in terms of its number of users and its AUM.0
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