Share trading platform that's cheap to run and takes ACATS
Share trading platform that's cheap to run and takes ACATS
Author
Discussion

richard at home

Original Poster:

333 posts

147 months

Saturday 30th October 2021
quotequote all
I'm using Barclays SmartInvestor and I don't do much trading, mainly just holding and taking dividends. They switched to a charging scheme a while back which means paying out every so often. (about £200 a year)

I looked at eToro and Freetrade but neither can take a direct transfer ACATS, so they expect you to sell all your shares and re-purchase them on thier platform. Surely that's going to lose a chunk due to spread and possibly result in a big capital gains bill?

Any other platforms worth looking at which I can transfer into and don't have ongoing fee's? Not worried and trading fees.


MisterJD

151 posts

140 months

Saturday 30th October 2021
quotequote all
Hold them directly cut out the administrator.

richard at home

Original Poster:

333 posts

147 months

Saturday 30th October 2021
quotequote all
MisterJD said:
Hold them directly cut out the administrator.
So simple! I didn't think of doing that...

BobToc

2,030 posts

146 months

Sunday 31st October 2021
quotequote all
Interactive Brokers for me.