Hmm okay thanks for the info, I’m not sure it would work well for me, I invest when I have spare money and I see the price is low, it would eat in to my profits at £11.95 per trade.
Currently it doesnt list the holdings and mission statement on HL, also havent found it listed on BG own website. Keen to look at the holdings before considering this.
Just to point out that HL does have a monthly investment option, which costs £1.50 per trade rather than £11.95. It is only available for a limited number of securities but I imagine the most popular BG trusts are among them.
It’s worth doing a comparison of all of the big providers fees and charges as it will depend on how much you are investing as to whose charges will be most beneficial to you.
Eg. HL, A J Bell, Fidelity, et al, charge a percentage of holdings, so while this is the best option for smaller accounts, this will go up with your holdings. Upside to some of these guys is the free or lower cost trade execution.
Interactive Investor however has a flat fee structure of £9.99 per month (+ another £9.99 if you take a SIPP with them) but their trades are £7.99 apiece. Not as good for smaller accounts but if, using the example above, your account is worth £1,000,000, you’re only paying £120 per year, £240 if you have a SIPP.
Worth doing the analysis for yourself and applying your own investment valueto the outcome. Im sure most, if not everyone here, gets that but worth saying aloud anyway.
Those brokers are rip offs at best but criminals at worst. I started off with them before i got to know about T212. Due to those charges i was forced doing big bets to reduce the unit cost per share, DCA with those brokers are counter productive imo.
I still have small amount with AJ & HL just to keep them open and receive news feeds on UK stocks.
Meant to say the added benefit to HL is that they often negotiate better discounts on certain funds so charegs are slightly less, but you’d need to factor that into any research you do.
You can get access through AJ Bell but need to pass a test first. I’ve not looked in to it yet but I’m assuming it’s based on your trading experience, i.e. number of trades, frequencies and what types of instrument.