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I'm shifting out of The Share Centre as they are merging with II. Can anyone recommend any other brokers? I'm with IG too and am considering x-o.
Any advice appreciated.
Good morning Miagi, do you trade in an ISA, and how much are you currently charged to trade. I don't have the cheapest, but I have my reasons why I trade in an ISA through Lloyds. ( although doesn't allow all trading scenarios ) depends what you want, and what you want to pay for.
Hi Quady, yes in an ISA. IG is for spreadbet. Share Centre is £7.5/trade+£5/month+£25/quarter "frequent dealer fee".
Lloyds aren't the cheapest I imagine?
Interesting Miagi, I assumed LLoyds were not the cheapest. I pay £20.00 every 6 months admin fee.
But I pay a flat £11.00 a trade. No other charges.
I like Lloyds as they are always fast, and after using one or two other platforms in my life. I will stick with Lloyds, as long as their service remains, as good as it is at present. I don't do many trades a year. All the best.
Hi Miagi,
I use IG for trading & HL for isa & sipp - only just used HL so can't really advise how good/bad they are - but know a lot of folks use em including traders I follow......
atb
BN.c
Hi BNc, I'm not ignoring you about posting my chart re the macro downtrend the SP is still in. I just tend to comment on the chart nowadays rather than post charts, because I'm not sure I trust the security of the links, if you understand me?
ATB mate
Thanks for the replies Quady/BNc. I've got a small SIPP in HL. Lloyds sounds ok actually, if you are an investor rather than a trader - I might consider it as an ETF vehicle for a portion of my portfolio.
Quady, interesting - Lloyds' trading fee goes down to £8 if you've done 8+ transactions in the previous quarter. That's more reasonable. The admin charge of £40/yr is very reasonable.
hi Miagi - i use 'i web' - part of the Lloyds Bank Group, £25 one off fee to join, then £5 a trade thereafter
Thanks Earthling - yes h&L are decent but a bit pricey I think.
Rich3r - that's interesting. It's one I was researching this morning. The Trustpilot reviews are terrible though...How have you found the execution? Customer service?
Miagi, having never used another broker, I can't compare.
But I've always found i web to be fine, albeit at high volume times, trades go to negotiated trade - (which i never ever use), but i reckon that's the same with whatever broker you use?
ps, i do all of my trades online via i web, so i can't comment on their phone service. I have spoken to their customer service team only once or twice, and they seemed fine.
The £5 trade has been held since i joined many years ago, and i like it ;D
Don't want to be a drama queen but we are sinking!!
No we aren’t, in this day of equality I guess there’s no place for “ women and children first” ?
L2.... yes, I had noticed that. Suspect it’s just lack of expected news on many fronts. Infuriating, as always with Solg. Sorry if that seems pessimistic.
Haha Miagi, thank you, I would never do 8 trades a quarter, maybe 8 trades every year, but that would be a busy year. I like Lloyds because of their customer service. A few years ago, I could not access my shares via the website, so I phoned. Obviously they were very busy, but took me less then ten minutes to get through and make my trade. That means a lot to me.
Thanks Rich3r - food for thought.
Quady, yes there are times when that phone service is vital. It wouldbe my one concern about iweb.
steady guys, just bears testing short term support from 8th July imho
I tend to do what I call large trades, so the fee isn't important to me, it's the ability to trade quickly, and I like the Lloyds format, it's ease of use, and also how it keeps records. I also have a separate PC, with different forms of protection on it . I use it for trading only, I have never accessed another website on it. So no chance of any viruses, trojans, or any other rubbish.
https://www.mining.com/copper-price-snaps-back-as-china-imports-soar-81/
I feel like selling out the moment I do that i bet they will release news
the sellers are still about - why on earth ??
well the day traders will hopefully buy in tomorrow morning
Hi RICH3R, I think we have distressed sellers, apparently, people who have lost their jobs, or need money, because of wages cut, are accessing savings, selling shares, and if over 55 accessing their pensions early. I don't think they want too.
Well maybe Swazers, is selling to get back in at 16 pence. All the best.