Best free platform for holding and selling shares

artyboy

I've got about £9k of shares (single FTSE stock) from an old employer share plan, that I'm intending to sell down over the next 2 years - keeping within CGT limits.

this by the way, is not me opening the door for more political speculation on what CGT will look like after the budget. Don't... just don't...   

Anyway, this is all that I'll have with II once my SIPP transfers out, so I don't feel any need to pay them a fiver a month and then more on top for selling.

So, I've not looked before at the likes of Freetrade, Trading212 etc, but is there one that the regulars on here sees as a clear winner in terms of free and simple, where I can transfer over to...?

Hoenir

X-O.     https://www.x-o.co.uk/

GIA is fee free. Trades £5.95p. 

Website is basic but functional and easy to navigate. 

jimjames

iWeb for me. No holding fees and £5 trade. Might be more than one of those mentioned but also backed by a bigger player (HBOS)

Beddie

Trading212 is great but a slightly messy website. I also use CMC invest - app only, but really nice and easy to use.

Both have no charges for buying, selling and holding shares.

https://www.cmcinvest.com/en-gb/general-investment-account

Eyeful

Remember the saying "There's no such thing as a free lunch, someone has to pay "
https://monevator.com/how-do-zero-commission-brokers-make-money/

artyboy

Eyeful said:

Remember the saying "There's no such thing as a free lunch, someone has to pay "
https://monevator.com/how-do-zero-commission-brokers-make-money/

As long as that someone isn't me 

Anyway, sounds like a smorgasbord of options rather than one stand out winner, so I'll do a bit of research, thanks all!

Hoenir

Eyeful said:

Remember the saying "There's no such thing as a free lunch, someone has to pay "
https://monevator.com/how-do-zero-commission-brokers-make-money/

The zero commisson brokers are simply going for market share. Backed by investors with deep pockets. Squeeze the competition out. As Amazon did firstly with books then subsequently CD's. More recently buying up independent record stores. 

wmb194

artyboy said:

I've got about £9k of shares (single FTSE stock) from an old employer share plan, that I'm intending to sell down over the next 2 years - keeping within CGT limits.

this by the way, is not me opening the door for more political speculation on what CGT will look like after the budget. Don't... just don't...   

Anyway, this is all that I'll have with II once my SIPP transfers out, so I don't feel any need to pay them a fiver a month and then more on top for selling.

So, I've not looked before at the likes of Freetrade, Trading212 etc, but is there one that the regulars on here sees as a clear winner in terms of free and simple, where I can transfer over to...?

From the point of view you're looking at Trading212, Freetrade and CMC Invest are all very similar, you just need to make sure that they offer the shares in the company you own shares in. T212 will pay more interest on any cash you leave with it so I'd probably lean towards it. 

CMC and T212 are profitable companies. CMC's listed on the stockmarket (CMCX.L) and has been around for decades. These make most of their money from people gambling in CFDs. At last count Freetrade is loss making but slowly crawling towards profitability.

Petriix

Eyeful said:

Remember the saying "There's no such thing as a free lunch, someone has to pay "
https://monevator.com/how-do-zero-commission-brokers-make-money/

So, as long as you don't gamble on CFDs then there's no issues at all... 

I'm not sure why people are recommending platforms which charge ongoing and trading fees when there are others which don't. 

Trading212 are also doing a free share offer for new referrals at the moment so I'd definitely go with them. 

artyboy

Petriix said:

Eyeful said:

Remember the saying "There's no such thing as a free lunch, someone has to pay "
https://monevator.com/how-do-zero-commission-brokers-make-money/

So, as long as you don't gamble on CFDs then there's no issues at all... 

I'm not sure why people are recommending platforms which charge ongoing and trading fees when there are others which don't. 

Trading212 are also doing a free share offer for new referrals at the moment so I'd definitely go with them. 

Well considering the various 4 figure bonuses I've had for moving pensions around, I'm not going to get excited about an 80% chance the the free share will be worth under 25 quid 

But I guess it's a bit of fun if I was going to go with them anyway (which I am leaning toward...)

Hoenir

Who holds the share at the current time. Are they in paper certificate form?