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S&S ISA transfer
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Comments
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If the cashback is 1% then I don't think you'll be getting £5000 for £65k
£75kinvestmentsRemember the saying: if it looks too good to be true it almost certainly is.0 -
and probably a little less on £65k
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sorry my pre-coffee brain £650 haha, still is it worth it, any downsides?
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No real downside at all as long as they offer the funds you want.
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Its range is expanding but the possible downsides are that it doesn't currently offer very many OEICs or gilts and some features are only available on its paid subscription tiers. It was recently bought by IG (LSE:IGG) so financially it's sound.
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on the financially sound side, it is FCA FSCS protected right? so if the ETFs themselves don't crash and burn my money is in effect safe?
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Yes, it has the FSCS coverage for investments which covers for maladministration, fraud and fees related to reorganisation following the brokerage failing. The FSCS is separate from the FCA.
https://freetrade.io/learn/fscs-protection
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