Isa commission

Carmadcolin

Was just about to get a stocks and shares ISA £10k with 5%commision agreed to that 
Now 10000 + 5%=10500 in my book
They came in at £10526.31 I reckon that's 5,%+ another 5%on  Thier commission didn't go for it I know it's only 26pounds but my maths doesn't add up is this a scam or normal 
Thanks 

Ayr_Rage

Who is the provider, what shares are you buying?

5% commission sounds very steep.

Don't forget there is also Stamp Duty to pay.

Albermarle

5% commission for what ? to who ?

Carmadcolin

Ayr_Rage said:

Who is the provider, what shares are you buying?

5% commission sounds very steep.

Don't forget there is also Stamp Duty to pay.

Haven't gone with them it's a ISA yes steep just commission 5%+5%

Carmadcolin

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

Ayr_Rage

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

Who is the provider?

wmb194

Carmadcolin said:

Was just about to get a stocks and shares ISA £10k with 5%commision agreed to that 
Now 10000 + 5%=10500 in my book
They came in at £10526.31 I reckon that's 5,%+ another 5%on  Thier commission didn't go for it I know it's only 26pounds but my maths doesn't add up is this a scam or normal 
Thanks 

What are you trying to invest in? Paying 5% commission is very 1990s. These days, if it’s just an OIEC/unit trust you should be able to find it with no commission or bid/offer spread.

eskbanker

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

dunstonh

Was just about to get a stocks and shares ISA £10k with 5%commision agreed to that 
Now 10000 + 5%=10500 in my book

Commission was banned for advised sales back in 2013.    So, this has to be a non-advised product, where it is still allowed.  However, it is extremely rare.  Who is it?

I would be on guard that you are not being scammed.

Carmadcolin

eskbanker said:

Carmadcolin said:

Albermarle said:

5% commission for what ? to who ?

For opening the ISA 

There shouldn't be any charge for opening an ISA, even if there is one for subsequently purchasing investments within the wrapper, an entirely separate activity.

Carmadcolin said:

is this a scam or normal

It certainly sounds suspicious, so please clarify more detail about who you're dealing with - is this a proper regulated institution or some dodgy outfit found via social media?

Large company 

QrizB

Carmadcolin said:

Large company 

Why the relucance to name them?