I always get confused with the annual fees platforms charge for ETFs
04 April 2023
Question by anonymous
I always get confused with the annual fees platforms charge for ETFs, please could you explain a little more about it?
Answered by Boring Money
ETFs are charged like shares. You pay a transaction fee to buy and sell – usually between £5 and £10 depending on the platforms. And then the ongoing admin fee is charged again like shares. So some platforms charge their standard % fee on ETF holding, but will cap this fee at an annual amount.
Read more in our ETF Hub!