Trading stocks - move SiPP and ISA from AJ bell to Interactive Brokers

caldi9

Hey, AJ bell have been a disaster for the past months and I can never buy any shares of companies that I want to invest in (some are in the US). 

Has anyone made experience with the Interactive Brokers Sipp and Isa, especially when it comes to trading shares? How are the fees and service?

thanks

tichtich

EDIT: Please ignore this post. I read Interactive Brokers as Interactive Investor!!!

I've been with II for SIPP and ISA for over 2 years now. They were rather slow transferring my SIPP in, and I had to keep ringing them, but at least I always got through to someone quickly. Apart from that, I'm pretty happy. But it's definitely worth comparing their charges and services with other platforms to find the one that best suits your usage.

I generally have no problem buying US shares. But there have been a few I couldn't buy. I can't buy any MLPs, but I think that's for regulatory reasons that probably affect all UK platforms. (I bought a synthetic ETF of midstream MLPs instead.) I've also found there were some smaller REITs I couldn't buy. II said they didn't have the right sort of KID or something (I forget exactly what they said), so again that might affect other platforms too.

There have also been a couple of UK shares and bonds that I could only trade by phone call. But they only charged me the standard web transaction charge for doing so.

Overall I haven't found this to be a big problem.

Feel free to ask if you have any questions. What shares couldn't you buy on AJ Bell?

ispookie666

@caldi9
If you are referring to IBKR, I only have a General Investment Account - which started a few months ago.  
Their interface is not the easiest to use, the desktop app is a bit better compared to trader workstation.  The mobile app is okay.  

The brokerage will probably be the cheapest you will ever find.  Also, you can hold cash in $ rather than converting to £ when you sell scripts.  

They have an extensive option chain, but you have to jump through a few hoops to obtain access.  

Hoenir

caldi9 said:

Hey, AJ bell have been a disaster for the past months and I can never buy any shares of companies that I want to invest in (some are in the US). 

Switch to a platform with an international presence, for example IG.  US shares can only be held in nominee form by an offshore entity. The only shares directly available to investors on the LSE are those listed and traded in ADR form. 

caldi9

Hoenir said:

caldi9 said:

Hey, AJ bell have been a disaster for the past months and I can never buy any shares of companies that I want to invest in (some are in the US). 

Switch to a platform with an international presence, for example IG.  US shares can only be held in nominee form by an offshore entity. The only shares directly available to investors on the LSE are those listed and traded in ADR form. 

How does the ISA and SIPP from IG compare to the ones from Interactive Brokers? Thanks

Hoenir

caldi9 said:

Hoenir said:

caldi9 said:

Hey, AJ bell have been a disaster for the past months and I can never buy any shares of companies that I want to invest in (some are in the US). 

Switch to a platform with an international presence, for example IG.  US shares can only be held in nominee form by an offshore entity. The only shares directly available to investors on the LSE are those listed and traded in ADR form. 

How does the ISA and SIPP from IG compare to the ones from Interactive Brokers? Thanks

Horses for courses as they say. 

dunnowot

Hello @caldi9

I'm in a very similar situation and was wondering who you chose and how you found the experience please.  

I've tried to compare ongoing charges and while atsipp is rather expensive for IBKR, IG's charges for taking income from the pension seem to be much higher.  Also, I'm not sure if IG allows you to hold FX like IBKR or forces you to convert to GBP.  AJB allows you to invest in some IPOs - don't know if that is the case for IBKR & IG.

Many thanks in advance

masonic

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