X-O broker guidance please.16 Mar 2021 07:39
So I use ii and am very happy with them, I have a friend who wants to ‘free-trade’ ... I’ve done all the hidden fee stuff already! He still seemingly doesn’t get it.
So I suggest he look into ‘X-O’ and he’s come back saying they have bad reviews regarding hidden charges including a £60 exit fee. Is this so in your experience?
My main reason for suggesting them was the ease of buying KR1 without the exorbitant broker only trade fee I pay ii and the no charge ISA. He’ll probably buy and hold long term so at £5.95 a trade it’ll be reasonably cost effective.
(In fairness he’s only investing between £5 & 10k so costs are important)