Regular investment into ETCs with no charges?

hallmark

Does anybody know if any platform offers regular investment into ETCs (for example Ishares Physical gold or silver) with no or low fees?  Thanks

Albermarle

hallmark said:

Does anybody know if any platform offers regular investment into ETCs (for example Ishares Physical gold or silver) with no or low fees?  Thanks

HL and Fidelity only charge £1.50 per investment for a regular monthly investor into ETF's AFAIK . Probably others as well.

ColdIron

What tax wrapper did you have in mind?

Rollinghome

There's alway Invest Engine who offer iShares SSLN and SGLN, and Investco SGLS

wmb194

Freetrade and Trading212 are also options.

masonic

Unless your views about the economy have changed, it might be best to pick a platform most likely to survive the coming perfect storm.

Nebulous2

Albermarle said:

hallmark said:

Does anybody know if any platform offers regular investment into ETCs (for example Ishares Physical gold or silver) with no or low fees?  Thanks

HL and Fidelity only charge £1.50 per investment for a regular monthly investor into ETF's AFAIK . Probably others as well.

Thanks I didn't know that - I pay £400 a month into my Fidelity SIPP, with £100 of tax relief being added.  I just tried to set up a monthly regular purchase of £500 worth of ETFs. The only option I could find was where they split it in two and invest £400 immediately then a further £100 once the tax relief comes through. That cost £3.00 as two separate transactions. I've several thousand in cash in the SIPP, so should be able to pay the £500 at once with a single £1.50 fee. 

I've messaged to ask how to do it....  

hallmark

masonic said:

Unless your views about the economy have changed, it might be best to pick a platform most likely to survive the coming perfect storm.

IIUC isn't it the fund provider (i.e. iShares) that's relevant to FSCS protection rather than the platform?

My views on the perfect storm remain largely unchanged fwiw

hallmark

ColdIron said:

What tax wrapper did you have in mind?

Just a trading account in this instance, not an ISA or SIPP.

masonic

hallmark said:

masonic said:

Unless your views about the economy have changed, it might be best to pick a platform most likely to survive the coming perfect storm.

IIUC isn't it the fund provider (i.e. iShares) that's relevant to FSCS protection rather than the platform?

My views on the perfect storm remain largely unchanged fwiw

In addition to FeralHog's comments, there is no FSCS protection for the failure of exchange traded investments. Only the platform has FSCS protection if it fails.

wmb194

The other thing to bear in mind with ETFs and ETCs is that most of them are domiciled abroad, usually Ireland and Luxembourg, so there are risks around regulations and other issues that might arise in those jurisdictions.