Halifax share dealing isa review
This will be a flat rate, regardless of the size of the trade or a client's assets. Halifax, like Interactive Investor , charges no annual platform fee.
However, Halifax will join Hargeaves Lansdown as one of the many brokers to penalise clients who prefer not to deal online.
Damian Stansfield, managing director of Halifax Share Dealing, says he believes a flat fee is the fairest way to charge clients and "help them to make the best investment decisions". Stansfield says Halifax is "acting in the spirit of the new regulation and in the best interest of customers", adding that the broker will be automatically converting client's holdings into "clean" funds, which do not include extra fees such as annual trail commission.
Justin Modray, founder of comparefundplatforms. It will offer a small potential annual saving over other fixed price platforms such as Interactive Investor depending on how often a customer trades. But perhaps the bigger news is that Halifax stands to massively undercut percentage fee rivals such as Hargreaves Lansdown, Fidelity and Barclays Stockbrokers on larger sums.
Hargreaves Lansdown was the first to unveil its new pricing structure in , which will come into effect in March, but has been undercut by rivals such as Fidelity and Barclays Stockbrokers.
However Hargreaves and AJ Bell will be charging their clients exit fees to move their holdings to a new provider before their new pricing comes into effect. This article was written for our sister website Money Observer.
Halifax Share Dealing
Moneywise distributes services supplied by Interactive Investor. Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Conduct Authority.
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Leave this field blank. Home Investing First-time investor Halifax Share Dealing unveils 'competitive' Cat amongst the pigeons Justin Modray, founder of comparefundplatforms.
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