Cheapest stocks & share ISA for buying funds only

jimjames

Booker_j said:

ColdIron said:

There are several new fintechs that are basically free but most of them are ETF only, so no funds. If you are looking for an all world tracker you could identify an ETF equivalent that tracks the same, or similar, index

Maybe check out Dodl by AJ Bell, 0.15% and no trading fees. At £400 per month that would be £3.60 in your first year
Edit: Seems like Dodl has a £1 per month minimum fee, would this blow your budget?

With low sums like yours the fees will be low for any percentage fee provider, perhaps focus on other factors like service, range etc rather than annual cost in isolation. For example, HSBC would be £6 in the first year while HL would be £10.80

Great suggestion with Dodl - it has the fund I want, a small platform flat fee of 0.15% and is part of well known AJ Bell, thanks!! I hadn’t even heard of it. 

iWeb is even better, no platform fee at all so no ongoing cost other than the fund

scoobyjones1

Booker_j said:

ColdIron said:

There are several new fintechs that are basically free but most of them are ETF only, so no funds. If you are looking for an all world tracker you could identify an ETF equivalent that tracks the same, or similar, index

Maybe check out Dodl by AJ Bell, 0.15% and no trading fees. At £400 per month that would be £3.60 in your first year
Edit: Seems like Dodl has a £1 per month minimum fee, would this blow your budget?

With low sums like yours the fees will be low for any percentage fee provider, perhaps focus on other factors like service, range etc rather than annual cost in isolation. For example, HSBC would be £6 in the first year while HL would be £10.80

Great suggestion with Dodl - it has the fund I want, a small platform flat fee of 0.15% and is part of well known AJ Bell, thanks!! I hadn’t even heard of it. 

If you are planning to add into your ISA, year on year, you would be better with a flat fee perhaps? 0.15% on say 60k is £90 a year. If that grows with investment to say £90k, then you would pay £135 a year. 

Booker_j

jimjames said:

Booker_j said:

ColdIron said:

There are several new fintechs that are basically free but most of them are ETF only, so no funds. If you are looking for an all world tracker you could identify an ETF equivalent that tracks the same, or similar, index

Maybe check out Dodl by AJ Bell, 0.15% and no trading fees. At £400 per month that would be £3.60 in your first year
Edit: Seems like Dodl has a £1 per month minimum fee, would this blow your budget?

With low sums like yours the fees will be low for any percentage fee provider, perhaps focus on other factors like service, range etc rather than annual cost in isolation. For example, HSBC would be £6 in the first year while HL would be £10.80

Great suggestion with Dodl - it has the fund I want, a small platform flat fee of 0.15% and is part of well known AJ Bell, thanks!! I hadn’t even heard of it. 

iWeb is even better, no platform fee at all so no ongoing cost other than the fund

There is a £5 fee for each trade at present, even on index funds with iWeb. With the small amount I will be investing to begin with (on a monthly basis), that works out more costly than trading for free with Dodl but paying them 0.15%. 

Of course, if free monthly investment arrives or my investment pot builds up, it may become worth switching further down the line.

Thanks all!

friolento

@Booker_jfree monthly investing is coming to iweb in the very near future, once the have amalgamated with Scottish Widows. This was meant to have happened on Oct 18 but there's been a delay