Recommend me an execution-only platform

[MadCaptainJack]

I'd like to try out a new brokerage/ISA platform when the new tax year rolls around. Looking for a no-nonsense execution-only platform (as a powerfully-built company director, I am natch an investment god matched only by Warren Buffet, and have forgotten more than any chavtastic estate agent reject "investment advisor" could ever hope to teach me) that I can use for more than just an S&S ISA, so access to a broad range of stuff, with support for EUR and USD would be ideal.

Any recommendations?

[Tye Green]

MadCaptainJack said:

I'd like to try out a new brokerage/ISA platform when the new tax year rolls around. Looking for a no-nonsense execution-only platform (as a powerfully-built company director, I am natch an investment god matched only by Warren Buffet, and have forgotten more than any chavtastic estate agent reject "investment advisor" could ever hope to teach me) that I can use for more than just an S&S ISA, so access to a broad range of stuff, with support for EUR and USD would be ideal.

Any recommendations?

what does 'no-nonsense' mean?

for someone to recommend a 'new' platform you would need to state who your current one is, and why you need another one. you would also need to state what type of shares / funds etc you wish to invest in, and also how much. more info required

Edited by Tye Green on Saturday 2nd March 16:03

[Ezra]

Subscribe to Investors' Chronicle and look at some of the previous articles, ie Sept'23 headed 'Platforms for Regular Investing'. This, in particular, gives a good overview.

[Simpo Two]

MadCaptainJack said:

I am natch an investment god matched only by Warren Buffet

Surely one has one's broker on speed dial, such that you simply reach across your vast mahogany desk, press a button and say 'Buy Oil!', then return to stroking your fluffy white cat?

[knk]

I use https://www.iweb-sharedealing.co.uk/ for stock (it is natwest) and https://www.fidelity.co.uk/ for my ISA.
Very happy with both.

[stuthemong]

I use interactive investor. Their fx costs aren’t great, but platform costs v low.

[C69]

Another vote for IWeb if you want a straightforward platform for shares and ISAs without any frills. There's no annual charge, and the dealing costs are very reasonable.

[Somebody]

OP, sounds like Trading212 was made for you.

[xeny]

knk said:

I use https://www.iweb-sharedealing.co.uk/ for stock (it is natwest).

I think you mean Lloyds. Matters for the per banking license £85,000 FSCS limit. I use them, but not for anything involving fx, which I vaguely recall they aren't cheap for. Otherwise very happy with them.

[knk]

xeny said:

I think you mean Lloyds. Matters for the per banking license £85,000 FSCS limit. I use them, but not for anything involving fx, which I vaguely recall they aren't cheap for. Otherwise very happy with them.

You are right. Halifax own iweb and they are part of Lloyds.

[MadCaptainJack]

knk said:

I use https://www.iweb-sharedealing.co.uk/ for stock (it is natwest) and https://www.fidelity.co.uk/ for my ISA.
Very happy with both.

stuthe said:

I use interactive investor. Their fx costs aren’t great, but platform costs v low.

C69 said:

Another vote for IWeb if you want a straightforward platform for shares and ISAs without any frills. There's no annual charge, and the dealing costs are very reasonable.

Thanks for the recommendations! I'll check these out.

[MadCaptainJack]

Somebody said:

OP, sounds like Trading212 was made for you.

Do you use it yourself?

[Philvrs]

IG flexible ISA?

[modeller]

ii - fixed £fee per month. App is very good. Research is useful. Can buy US$ shares too.
Fidelity - App is ok. Fees %based , so better for smaller portfolio.

[MadCaptainJack]

Simpo Two said:

Surely one has one's broker on speed dial, such that you simply reach across your vast mahogany desk, press a button and say 'Buy Oil!', then return to stroking your fluffy white cat?

If you want a thing done well, do it yourself. Unless it’s a “Blue Horseshoe loves Anacott Steel”-type of situation.

Also, white cats shed their fking fur everywhere, including all over one’s pristine pinstripe suit.

Edited by MadCaptainJack on Monday 23 September 18:15

[MadCaptainJack]

Ezra said:

Subscribe to Investors' Chronicle and look at some of the previous articles, ie Sept'23 headed 'Platforms for Regular Investing'. This, in particular, gives a good overview.

I took a look at that article but it’s focused on regular investing (i.e. putting a few hundred quid in each month), which is not how I do things. Thanks for pointing me at that website, though!

[MadCaptainJack]

modeller said:

ii - fixed £fee per month. App is very good. Research is useful. Can buy US$ shares too.

Thanks, I’ll take a look.

modeller said:

Fidelity - App is ok. Fees %based , so better for smaller portfolio.

Errr, no.

[Simpo Two]

MadCaptainJack said:

Simpo Two said:

Surely one has one's broker on speed dial, such that you simply reach across your vast mahogany desk, press a button and say 'Buy Oil!', then return to stroking your fluffy white cat?

If you want a thing dine well, do it yourself. Unless it’s a “Blue Hoseshoe loves Anacott Steel”-type of situation.

Also, white cats shed their fking fur everywhere, including all over one’s pristine pinstripe suit.

True. A wise man will choose a suit that matches his cat. Currently I'm wearing a rather fetching silver tabby suit.

[MadCaptainJack]

There's an amusing postscript to this. I finally got around to opening up an IWeb account last week.

On Friday, I transferred in £25k by bank transfer (which means they have to manually credit my IWeb account with the money when it arrives in their account).

I logged in today to find £159,900 in my trading account.

[Mr-B]

MadCaptainJack said:

There's an amusing postscript to this. I finally got around to opening up an IWeb account last week.

On Friday, I transferred in £25k by bank transfer (which means they have to manually credit my IWeb account with the money when it arrives in their account).

I logged in today to find £159,900 in my trading account.

Have you withdrawn it all yet?