as of 27/08/2020 at 10:39 am
Halifax charge a set £12.50 yearly admin fee for their Stocks & Shares ISA, making it a cheaper alternative for both medium and larger portfolios than pretty much anyone else. Annual costs of a pension of more than £50,000 are £180 plus transaction fees. The website lacks sophistication and user-friendliness, feeling quite old-school and stuffy.
They do offer 3 ready-made funds, varying in risk – however these funds are very new and lack any meaningful track record. There is also a shortlist of 86 funds available, produced by global research house Morningstar. The site also supports trading UK, US and European equities.
Trading fees are £12.50 per trade, falling to £2 a trade if you set up a regular trading plan.
A sizeable platform, administering roughly £13bn.
£0 minimum investment