trading 212 for s&s isa or transfer to iweb ?

sidneyyoungblood

A bit of advice please , I have a s&s isa with iweb and looking to top up this year using funds from my trading 212 isa.. 

Would it be better to transfer from the trading 212 ISA account into my iweb s&s isa or buy directly on the trading 212 platform to avoid the transfer times etc?

Also in the future could I transfer the holdings to iweb ?

Looking to buy a tracker similar to the one iI have in iweb - hsbc global strategy dynamic portfolio.

Any help would be appreciated 

masonic

A cash transfer will be quicker. However, if you buy before transferring you won't have any time out of the market. You won't be able to buy HSBC GS funds at T212. You'd need to find some suitable ETFs to replicate it. It probably isn't worth buying a different investment and then having to switch later.

iWeb has restrictions around partial transfers, so be aware of those - they might limit you to transferring as cash, or even from a cash ISA.

sidneyyoungblood

masonic said:

A cash transfer will be quicker. However, if you buy before transferring you won't have any time out of the market. You won't be able to buy HSBC GS funds at T212. You'd need to find some suitable ETFs to replicate it. It probably isn't worth buying a different investment and then having to switch later.

iWeb has restrictions around partial transfers, so be aware of those - they might limit you to transferring as cash, or even from a cash ISA.

Thanks will give them a call today and see if they will allow the transfer and an estimate on how long it will take.