Commission free trading platforms for UK stocks

[DeLorean75]

Morning

Does anyone have a strong recommendation for the commission free* trading platforms?

I'm a Revolut customer which started my curiosity but wanted something that covers UK stocks as well (Revolut is only US stocks)

Freetrade, etoro, etc are active in this space - just seeking any personal experiences?

Thanks

• yes I acknowledge there will be an annual fee of some sort

[DeLorean75]

dingg said:

There's no such thing, better off paying for the service and getting fills at the market price with no slippage.

Surely not being charged on each transaction means you could dip in and out of stocks without feeling you had to amortise the [in/out] costs over the ownership journey / performance?

[DeLorean75]

Ah gotcha - ok well thanks for responses - all interesting.

Irrespective of the (doubtless correct) comments on commy it's not hard to see this style of investing getting more popular with Joe Public (and me frankly even though I have Barclays and Saxo platforms) especially if it includes fractional ownership. I had to jump through multiple compliance loops just to get a Saxo trading account to access the US and wait for several weeks until they got back to me: I can buy a stock in fractions of a sec on Revolut albeit it seems quite a limited basket.

Will be interesting to see if the likes of Revolut do expand to a UK stock universe. I saw that Robinhood engaged reverse on UK expansion but whether that was regulatory, tech or funding issues seemed hard to disaggregate.

[DeLorean75]

chip* said:

+1

Maybe it's just me (and the way my brain is tuned from a life in Finance within the Corporate side), but my spidery sense always rise when any financial / investment company promotion mention the word "free" or "transparent"..

Concur but if it's a case of pay us £[100] a year then that's different to me. Some punters will trade a lot others won't so I am minded to being open-minded about not being stiffed on commission - at least until I know if that is the case, but point taken.

[DeLorean75]

anonymous said:

[redacted]

Thanks

Sorry, SD = ? Standard?

[DeLorean75]

darreni said:

Stamp duty

Ah sorry - brain fart
Thx

[DeLorean75]

Cheib said:

What is the legal position if you’re buying stocks through Revolut ? I use a Revolut card when I am abroad (no not recently)....had no idea they’d ventrured into stock trading. What do they offer exactly ?

Hi. They give you access to a limited basket (maybe 500) of US stocks only, as well as crypto. I wanted to dabble, and I do mean dabble, with a few UK stocks so I upgraded to their basic pay monthly service for a different reason (the virtual cards) and i can't recall if the stock trading option was there in the basic version or not.

If relevant I tried the Trading 212 app last night and was very impressed on an initial go with purchase of a large basket of US and UK shares, fractional share options, funds, ETFs etc etc.

Best

[DeLorean75]

Cheib said:

What is the legal position if you’re buying stocks through Revolut ? I use a Revolut card when I am abroad (no not recently)....had no idea they’d ventrured into stock trading. What do they offer exactly ?

Sorry that was unclear. The fact they only do US meant it wasn't useful to me really.

Legal position - no clue

[DeLorean75]

Those of you that have a sub may be interested in this piece in the FT on who pays who

I had no idea Robinhood received so much from marketmakers

https://www.ft.com/content/6651f34a-0d8d-4d68-bdf9...