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IWeb Share Dealing / ISA account opening charge reduced to £25
IWeb Share Dealing / ISA account opening charge reduced to £25

IWeb Share Dealing / ISA account opening charge reduced to £25

Buy forBuy forBuy for£25
GETGet dealVisit site and get deal
Trade online on seven world markets for just £5 dealing commission per deal.
- No annual administration charges on either our Share Dealing Account or Stocks and Shares ISA (our SIPP is subject to an administration charge).
- No inactivity charges
- Free Market Information Service
- One-off £25 account opening charge

If you're an infrequent trader and don't mind using a platform that looks like it hasn't changed since the 90's, then IWeb is a good platform. The fee was raised to £200 in March 2015 which made joining somewhat prohibitive to new traders.

At £5 commission for buy/sell, IWeb is one of the cheapest trading platforms available. The only cheaper one I have found for infrequent traders is Degiro, but having evaluated their platform, trading on the LSE is certainly not as good. Degiro also charge for transferring existing stocks, and you can't deposit certificates. This is all free with IWeb.

For the £25 you can choose either the Stocks & Shares ISA or Share Dealing account. Once you have one of those you can open the other at no additional charge.

IWeb Share Dealing is operated by Halifax Share Dealing.

35 Comments

Heat added for no inactivity fees

Is the ISA account just registering your shares so they're tax free or is it a scheme where you gradually increase the amount of shares you get as you put money in (so you can put in £100 a month or so without it being made uneconomical by the fees)

Original Poster

I've used IWeb for around 4 years now and don't have any major complaints. The Live Chat customer support has always been great, I've used them to ask more technical questions and also just to check up on the status of certificate deposits. One downside I've found so far is that there isn't access to some US markets, this was what made me evaluate Degiro. The thing I like about IWeb vs Degiro is the live price when selling a holding. On Degiro, you can set trade plans which will get you near your desired sale price, but there is no live sale price. When trading on IWeb, and there is a market available, you will get a guaranteed price when selling a holding.

Original Poster

abigsmurf

Heat added for no inactivity feesIs the ISA account just registering your … Heat added for no inactivity feesIs the ISA account just registering your shares so they're tax free or is it a scheme where you gradually increase the amount of shares you get as you put money in (so you can put in £100 a month or so without it being made uneconomical by the fees)



The stocks and shares ISA just allows you to avoid paying capital gains up to whatever the current ISA allowance is these days. It's basically identical to the Share Dealing account, with the tax benefit.

Been using them for year before the changed the name, no problems, didn't know they had a joining fee :-)

Original Poster

PulisOut

Been using them for year before the changed the name, no problems, didn't … Been using them for year before the changed the name, no problems, didn't know they had a joining fee :-)


I couldn't remember paying a joining fee, but I've just checked the original e-mail and it does mention about them taking the £25 fee from my balance, so guess I must have paid it. What were they called when you joined? Perhaps there was no fee back then.

jazlabs

I couldn't remember paying a joining fee, but I've just checked the … I couldn't remember paying a joining fee, but I've just checked the original e-mail and it does mention about them taking the £25 fee from my balance, so guess I must have paid it. What were they called when you joined? Perhaps there was no fee back then.



What were they called ? now you got me thinking. I think it was a bank perhaps HSBC trading.

If you don't trade much and simply want to buy ETFs and low management cost funds this is an excellent way of holding them as there is no annual custody/management charge from the platform (unlike many competitors).

I think you'll find it's been £25 for quite a while. However it's a good chance to make a bit on the side though with £5 dealing cost plus 0.5% Stamp to buy, and £5 to sell.

reallybigmisterbig

I think you'll find it's been £25 for quite a while. However it's a good … I think you'll find it's been £25 for quite a while. However it's a good chance to make a bit on the side though with £5 dealing cost plus 0.5% Stamp to buy, and £5 to sell.



23 January is when it went back down to £25, up to that point it was £200 joining fee, went up in 2015.

Brilliant, cheap and effective and one of the most competitive like iii.co.uk. Not a rip-off company unlike Hargreaves Lansdown!!

Do these actually work and can you get better interest and returns then say a financial advisor? do you need to be quite well educated on the markets? How much returns can you get? How do you know what to buy? Sorry if I sound a bit of an amateur...thanks

markram1

Do these actually work and can you get better interest and returns then … Do these actually work and can you get better interest and returns then say a financial advisor? do you need to be quite well educated on the markets? How much returns can you get? How do you know what to buy? Sorry if I sound a bit of an amateur...thanks



Probably. You'll pay 0.3% or so per year in fees rather than 1%+.

This blog provides a sound rundown.

How does Hargreaves rip you off

7day

How does Hargreaves rip you off


It doesn't, in my view. They're pricey but you get what you pay for. They're actually quite cheap for small investments, up to perhaps 10K or even 20K (I'd need to do the sums), because they charge a percentage, not a fixed fee. Their website and support are first rate. Having said that, I do have an account with iWeb too and that's where the bulk of my investments are.

markram1

Do these actually work and can you get better interest and returns then … Do these actually work and can you get better interest and returns then say a financial advisor? do you need to be quite well educated on the markets? How much returns can you get? How do you know what to buy? Sorry if I sound a bit of an amateur...thanks


With respect: if you are asking questions like that then execution only share dealing is not for you. The potential returns are much better, but you could lose all your money if you do not know what you are doing.
Do some research, practice with a dummy account and in the meantime either use a managed fund provider (someone like Bestinvest) or someone that pays interest but promises to give your capital back.
Edited by: "othen" 7th Feb

Original Poster

markram1

Do these actually work and can you get better interest and returns then … Do these actually work and can you get better interest and returns then say a financial advisor? do you need to be quite well educated on the markets? How much returns can you get? How do you know what to buy? Sorry if I sound a bit of an amateur...thanks



As another has said, it is best to play around on a simulator platform before committing your life savings. However, there are many funds available to invest in via IWeb which have a minimal management fee, they are a safer bet than blindly investing in a bunch of companies based on little research. It's all about research, know as much about the company fundamentals, management of the business plus regulatory details and seasonal details that could affect the business. Don't gamble on penny shares unless you're genuinely OK with losing ALL your money. AIM is risky, but there are a bunch of great businesses on there also. Setting hard limits is the safest way to play; always sell if you lose/gain over X% to limit your loss/gain. Note this can't ever completely protect you from the crash of a holding as there may be no market to sell.

Original Poster

reallybigmisterbig

I think you'll find it's been £25 for quite a while. However it's a good … I think you'll find it's been £25 for quite a while. However it's a good chance to make a bit on the side though with £5 dealing cost plus 0.5% Stamp to buy, and £5 to sell.



Incorrect information. If you read the post details it tells you the price was raised to £200 in March 2015. It only went back down to £25 at the end of January 2017.

Original Poster

reallybigmisterbig

I think you'll find it's been £25 for quite a while. However it's a good … I think you'll find it's been £25 for quite a while. However it's a good chance to make a bit on the side though with £5 dealing cost plus 0.5% Stamp to buy, and £5 to sell.



No stamp duty on AIM.

Seems cheap but will probably do what all the others have done and raise prices or introduce inactivity fews later. Interactive Investor and TDW both did this.

Take a look at AJ Bell / YouInvest as an alternative.

norbie

Seems cheap but will probably do what all the others have done and raise … Seems cheap but will probably do what all the others have done and raise prices or introduce inactivity fews later. Interactive Investor and TDW both did this.Take a look at AJ Bell / YouInvest as an alternative.



their prices have been the same for many years, their signing on fee went up in 2015, many at the time thought it was to ensure their systems were stable, getting ready to close it down and move customers to their other platforms but with the price reduction looks like its here to stay.

Original Poster

norbie

Seems cheap but will probably do what all the others have done and raise … Seems cheap but will probably do what all the others have done and raise prices or introduce inactivity fews later. Interactive Investor and TDW both did this.Take a look at AJ Bell / YouInvest as an alternative.


I've been with IWeb for over 4 years, and rates have remained the same (excluding the opening charge hike in 2015). It isn't a new service.
If anything, with the likes of Degiro possibly disrupting the market, I can only see the higher fees across the industry being reduced.

Charles Stanley might be better for investing smaller amounts monthly. They charge 0.25% per annum, rather than £5 per trade ...

othen

With respect: if you are asking questions like that then execution only … With respect: if you are asking questions like that then execution only share dealing is not for you. The potential returns are much better, but you could lose all your money if you do not know what you are doing.Do some research, practice with a dummy account and in the meantime either use a managed fund provider (someone like Bestinvest) or someone that pays interest but promises to give your capital back.


No worries, thank you for your help

jazlabs

As another has said, it is best to play around on a simulator platform … As another has said, it is best to play around on a simulator platform before committing your life savings. However, there are many funds available to invest in via IWeb which have a minimal management fee, they are a safer bet than blindly investing in a bunch of companies based on little research. It's all about research, know as much about the company fundamentals, management of the business plus regulatory details and seasonal details that could affect the business. Don't gamble on penny shares unless you're genuinely OK with losing ALL your money. AIM is risky, but there are a bunch of great businesses on there also. Setting hard limits is the safest way to play; always sell if you lose/gain over X% to limit your loss/gain. Note this can't ever completely protect you from the crash of a holding as there may be no market to sell.


that's very helpful, thanks

mucgoo

Probably. You'll pay 0.3% or so per year in fees rather than 1%+.This … Probably. You'll pay 0.3% or so per year in fees rather than 1%+.This blog provides a sound rundown.


cool, I will check that out

thanks for the post! was going to start doing this and technically i am £225 up without investing anything.

This is well expensive I use DEGIRO £1.20 to trade across all markets free account.

Banned

Thanks

flashjmp

This is well expensive I use DEGIRO £1.20 to trade across all markets … This is well expensive I use DEGIRO £1.20 to trade across all markets free account.


That is cheap, but I don't think they do ISAs.

Original Poster

flashjmp

This is well expensive I use DEGIRO £1.20 to trade across all markets … This is well expensive I use DEGIRO £1.20 to trade across all markets free account.



No ISA, and I don't believe they have live price on many markets so you are selling somewhat blindly. They also charge for transfers. But I did mention them in the original post for the reason you say, they're definitely worth a shot.

jazlabs

No ISA, and I don't believe they have live price on many markets so you … No ISA, and I don't believe they have live price on many markets so you are selling somewhat blindly. They also charge for transfers. But I did mention them in the original post for the reason you say, they're definitely worth a shot.


Google finance have real time prices - deGiro seem to offer real time LSE price subject to a monthly fee. Only issue about loaning shares could become an issue.

Original Poster

tc_Joness

Google finance have real time prices - deGiro seem to offer real time LSE … Google finance have real time prices - deGiro seem to offer real time LSE price subject to a monthly fee. Only issue about loaning shares could become an issue.



You can't use Google finance to guarantee how much you're going to sell your holding for when you hit sell though. It may be a minor thing, but with IWeb when you hit buy/sell, you know the exact amount you're getting before you commit, and have a few seconds to execute the transaction before it expires. It may not make a difference in getting the best price, but it helps make your mind up whether to execute or not rather than simply relying on the spread.

Not voted hot or cold, but thought I would chip in that I've used x-o.co.uk for about 4 years now with no problems - £5.95 per trade and no joining or admin fees.

Thx jaz and other replies.
Iweb, degiro, x-o all new to me.
I've used Selftrade (now Equiniti) Shares ISA for many years.
My needs are simple. trade at most 4 times a year. Plain vanilla buy/sell (best price, no limit trading) . No options or futures. Their inactivity fees were bothering me. Time to change.
Any good dividend focused ETF tracker suggestions. Thinking of moving the whole portfolio to 4 or 5 ETF trackers.

After a bit of research, fidelity charge £45 annually to use platform.
This was from money observer.
Any comments as Hargreaves landsdown is expensive and time to switch though they have £61billion under management
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