Free trading offer from HL. £100 for 7 weeks

ColdIron

Might be of interest to some, especially if you were going to trade anyway. Free trades between 1st May and 21st June. New and existing clients. Takes a bite out those £11.95s

1. Subject to these terms and conditions, you are eligible to receive £100 worth of free online share trades between 1 May 2024 to 21 June 2024 (the “Offer Period”). The offer includes deals in UK and overseas shares, investment trusts, exchange-traded funds (‘ETFs’), gilts, bonds and any listed security and applies to both existing and new HL clients. This offer does not apply to any other products, services or investments offered by HL.
2. How the offer works: If you place a trade online (via our website or mobile app) during the Offer Period, we will charge you your standard online dealing charge. Within 7 working days of the Offer Period ending (by or on 30 June 2024), we will refund you all online dealing charges up to a maximum value of £100 for the trades you made during the Offer Period. The offer includes the charge for a share-exchange (Bed & ISA and Bed & SIPP).

https://www.hl.co.uk/features/get-investing

fun4everyone

Ahh, of course I did multiple share trades last week.

masonic

That's very handy as I've almost completed a transfer in to HL. I had planned to keep my account inactive for the 12 months I'll need to stay put, but looks like I'll get a free rebalance next month as well as some lovely cashback.

Albermarle

ColdIron said:

Might be of interest to some, especially if you were going to trade anyway. Free trades between 1st May and 21st June. New and existing clients. Takes a bite out those £11.95s

1. Subject to these terms and conditions, you are eligible to receive £100 worth of free online share trades between 1 May 2024 to 21 June 2024 (the “Offer Period”). The offer includes deals in UK and overseas shares, investment trusts, exchange-traded funds (‘ETFs’), gilts, bonds and any listed security and applies to both existing and new HL clients. This offer does not apply to any other products, services or investments offered by HL.
2. How the offer works: If you place a trade online (via our website or mobile app) during the Offer Period, we will charge you your standard online dealing charge. Within 7 working days of the Offer Period ending (by or on 30 June 2024), we will refund you all online dealing charges up to a maximum value of £100 for the trades you made during the Offer Period. The offer includes the charge for a share-exchange (Bed & ISA and Bed & SIPP).

https://www.hl.co.uk/features/get-investing

Did you get this offer personally? They have not contacted me.

ColdIron

It was an email about 15:00. It's at the top of their landing page so I'd imagine that it's open to all

https://www.hl.co.uk

ChesterDog

Also promoted as a banner in the HL app.

george4064

Thanks for the heads up @ColdIron , might be useful later this month for my Mum's ISA.

ColdIron

Yes, it's no use to me for purchases in my GIA or ISA as they are free anyway with Monthly Savings but possibly for sales. It could be useful for rebalancing where the values wouldn't ordinarily justify the overhead

However I shall make most use of it in my drawdown SIPP where all trades would usually incur a fee. I am rotating some ETFs, so no transaction fee or SDRT means a completely free trade pair

Yesterday I swapped some of my VHYL for VWRP and the transaction fee was £8.95. I assume the reduced fee was due to 10+ trades in the previous month

What I haven't completely figured out yet is that the trades in April were 6 x £0 Monthly Savings in my ISA and 4 chargeable ones in the SIPP. I had always assumed that the 'deals' were per account and not across accounts

I am not unhappy as I can now place 11 trades instead of 8 until June and likely reduced fees in July

george4064

ColdIron said:

Yes, it's no use to me for purchases in my GIA or ISA as they are free anyway with Monthly Savings but possibly for sales. It could be useful for rebalancing where the values wouldn't ordinarily justify the overhead

However I shall make most use of it in my drawdown SIPP where all trades would usually incur a fee. I am rotating some ETFs, so no transaction fee or SDRT means a completely free trade pair

Yesterday I swapped some of my VHYL for VWRP and the transaction fee was £8.95. I assume the reduced fee was due to 10+ trades in the previous month

What I haven't completely figured out yet is that the trades in April were 6 x £0 Monthly Savings in my ISA and 4 chargeable ones in the SIPP. I had always assumed that the 'deals' were per account and not across accounts

I am not unhappy as I can now place 11 trades instead of 8 until June and likely reduced fees in July

According to clause 5, HL won't refund stamp duty nor the PTM levy (where applicable). Its just HL's dealing fee they'll refund.

Edit: looks like you probably won't pay stamp duty any with (likely Irish domiciled) ETFs, but worth flagging for others.

ColdIron

george4064 said:

ColdIron said:

Yes, it's no use to me for purchases in my GIA or ISA as they are free anyway with Monthly Savings but possibly for sales. It could be useful for rebalancing where the values wouldn't ordinarily justify the overhead

However I shall make most use of it in my drawdown SIPP where all trades would usually incur a fee. I am rotating some ETFs, so no transaction fee or SDRT means a completely free trade pair

Yesterday I swapped some of my VHYL for VWRP and the transaction fee was £8.95. I assume the reduced fee was due to 10+ trades in the previous month

What I haven't completely figured out yet is that the trades in April were 6 x £0 Monthly Savings in my ISA and 4 chargeable ones in the SIPP. I had always assumed that the 'deals' were per account and not across accounts

I am not unhappy as I can now place 11 trades instead of 8 until June and likely reduced fees in July

According to clause 5, HL won't refund stamp duty nor the PTM levy (where applicable). Its just HL's dealing fee they'll refund.

Yes, it's just a break on the dealing charges that HL levy. Even ISAs and SIPPs are not exempt from statutory charges

Edit: looks like you probably won't pay stamp duty any with (likely Irish domiciled) ETFs, but worth flagging for others.

Yes again

Alexland

Other established platforms such as Fidelity and AJ Bell have been reducing dealing costs (which were already cheaper than HL) to compete with new entrants. There's got to be a limit to how long HL can get people to continue paying £11.95 coupled with the high 0.45% on tax advantaged accounts. I guess this offer buys them time but once it's over the pressure will be on them again.