Share trading platform please

Borotommo said:
I use both Interactive Investor (monthly fee) and AJ Bell, who charge you a 0.25% fee (annual) for the shares/funds you hold. I find ii are cheaper if you hold larger investments (especially in a SIPP), but AJ Bell are cheaper for smaller share accounts.
Share trades cost £9.95 and fund trades are £1.50.
im aware that others offer much cheaper trade costs but I’m also aware that some have much wider spreads, meaning the share price you actually buy (sell) for may a a couple of percentage points higher (lower), so check that out before committing.
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Also use Interactive Investor, simple and transparent.
 
You want a platform with zero fees, so I would go for Trading212.
I posted a link earlier in which we both get a free share if you use my link.

But after nearly 30 years of investing my advice would be: DON'T.

The stats on people who trade for a living are shockingly bad.
Around 75% lose money despite the total market fund compounding at 10% a year.
The top professionals, the ones with the experience and the right behaviour take all the chips off the people who think they can do it but can't. Invest for the long term. Trading equals gambling for most.

 
1finny said:
I’m struggling, at the moment, with a start up of £50 😏
HSBC has a drop down menu and the company isn’t listed

I tried doing it from the link from 121 but it came back saying bank wouldn’t accep it
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You can do it via debit card or Apple Pay.
 
VladKinder said:
You want a platform with zero fees, so I would go for Trading212.
I posted a link earlier in which we both get a free share if you use my link.

But after nearly 30 years of investing my advice would be: DON'T.

The stats on people who trade for a living are shockingly bad.
Around 75% lose money despite the total market fund compounding at 10% a year.
The top professionals, the ones with the experience and the right behaviour take all the chips off the people who think they can do it but can't. Invest for the long term. Trading equals gambling for most.

Click to expand...
Thanks. Currently in the process of gathering information, reading, listening and learning 👍🏻

Had some money in stocks for a years that have done ok and making more than it would in the bank but examining my options all the same.
 
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VladKinder said:
You want a platform with zero fees, so I would go for Trading212.
I posted a link earlier in which we both get a free share if you use my link.

But after nearly 30 years of investing my advice would be: DON'T.

The stats on people who trade for a living are shockingly bad.
Around 75% lose money despite the total market fund compounding at 10% a year.
The top professionals, the ones with the experience and the right behaviour take all the chips off the people who think they can do it but can't. Invest for the long term. Trading equals gambling for most.

Click to expand...
Low cost index funds for the win 👍🏻
 
Humpty said:
Thanks. Currently in the process of gathering information, reading, listening and learning 👍🏻

Had some money in stocks for a years that have done ok and making more than it would in the bank but examining my options all the same.
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I use Freetrade although not for day trading, just to own individual shares as I can't do that in my ISA as the platform I'm on (vanguard) only allows their index funds. It is free to trade though so no fees so I presume it's suitable for day trading.

I can refer and we both get a free share, presumably similar to Vlad's offer on Trading212. If you want it let me know and I'll DM. You get a free share worth between £10 and £100 if you deposit £50 and it's lucky dip but weighted so more likely getting a £10 share than £100.
 
Priv said:
You can do it via debit card or Apple Pay.
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Trading 121 has been good for me

One for info as you see fit - all in the public domain

DS Smith shares

Currently trading at 349
Takeover agreed at 373 - due to be completed April 6th
There is a quick £ to be made
 
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1finny said:
Trading 121 has been good for me

One for info as you see fit - all in the public domain

DS Smith shares

Currently trading at 249
Takeover agreed at 273 - due to be completed April 6th
There is a quick £ to be made
Click to expand...


Cheers, it’s been good to me as well, made a good chunk on peloton via them just as covid started and sold up before it started dropping and also put a fair chunk in Nvidia just as the chip crisis was predicted that then rose about 350%

Bit of luck, bit of foresight but it’s seen me right.
 
Thanks all. I forgot to ask. Do any of these platforms have built in tools such as scanners or pattern plotting tools?

Will jump back in here if I decide to proceed.
 
FYI
@Humpty

I have realised Freetrade is not ideal for day trading. It doesn't update the price in real time so you have to use another tool alongside it to get live prices. I presume other platforms will be more complete.

Annoyingly I had a buy order in on Trump's social media platform which didn't execute because the price jumped 40% at open. It's not a company that I think will be successful but enough idiots will want to own a stock with the ticker DJT that there was profit to be made.
 
1finny said:
Trading 121 has been good for me

One for info as you see fit - all in the public domain

DS Smith shares

Currently trading at 249
Takeover agreed at 273 - due to be completed April 6th
There is a quick £ to be made
Click to expand...
there isn't
 
Really?
Sequence of events
Bought at 270 in Feb
Sold at 350 on Friday

Currently trading at 360

Now a counter offer for the business valuing shares at 415


Ok then - no quick £ to be had here
 
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Robinhood have opened in the UK.

You can download their app from stores, or open an account on their website.

As far as I can see no S&S ISA option as yet, so just a General Investment account and the option to trade on Margin if you know what you are doing.
No fees of any kind, not even an FX fee for buying U.S stocks (T212 charge 0.15%).
5% interest for any balance not invested.

Here's my link if you want a free share (you will need to fund with £1 or more):

join.robinhood.com

Get a gift stock when you sign up. Limitations apply.

join.robinhood.com join.robinhood.com
 
Humpty said:
How do they make their money? advertising or spread?
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They send the trades to a market maker who essentially pays them a referral fee. It's a tiny amount per trade but it adds up. They also earn interest on cash balances. If you leave £100 in there you'll get 5% interest but they'll be earning 6% on it themselves and pocketing the difference.
 
VladKinder said:
Robinhood have opened in the UK.

You can download their app from stores, or open an account on their website.

As far as I can see no S&S ISA option as yet, so just a General Investment account and the option to trade on Margin if you know what you are doing.
No fees of any kind, not even an FX fee for buying U.S stocks (T212 charge 0.15%).
5% interest for any balance not invested.

Here's my link if you want a free share (you will need to fund with £1 or more):

join.robinhood.com

Get a gift stock when you sign up. Limitations apply.

join.robinhood.com join.robinhood.com
Click to expand...
I'm tempted by Robinhood but I never liked what they did with protecting the big funds during the GameStop short squeeze.

The film Dumb Money on that incident was quite good. Worth a watch. Paul Dano plays the lead and he's great in it.
 
Just realised that from next week your are allowed multiple ISAs if the same type. I currently have a S&S ISA solely for low cost index trackers and I have some shares in a General Investment Account because my ISA provider only do index funds and ETFs. I can now move my GIA into an ISA.
 
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