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IWeb: Online Share Dealing reviews

Name: Online Share Dealing
Rating: 4.25 (8 reviews)

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4.10

Based on 8 reviews, last reviewed 15th Mar 2024

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iWeb is a hidden gem. iWeb is a hidden gem. Hardly anyone knows about them but they provide excellent stockbroking (and gilts etc) buying opportunities. Due to their £5 tra... Read more Reviewed on: 15th March 2024

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Want to know more about this online share dealing company? Read our IWeb reviews below, to see what our Smart Money People community have to say about this service. We collect IWeb and other online share dealing company reviews to help likeminded consumers choose the best financial services available. So, if you have previously used IWeb, please leave your experience below, and help others make their minds up as to which online share dealing company they think suits their needs best.

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IWeb Online Share Dealing reviews (8)

iWeb is a hidden gem.

iWeb is a hidden gem. Hardly anyone knows about them but they provide excellent stockbroking (and gilts etc) buying opportunities. Due to their £5 trading fee they are best thought of as one for a buy and hold investor. I dont pay any annual fees at all in my ISA. And this has been going on for at least 10 years now! The spread of securities is fantastic - havent yet seen anything that comes even close to them. Reviewed on: 15th March 2024

Foreign exchange fees way to high!

Very good platform for investing and trading. HOWEVER, as I trade mainly in foreign stocks and shares the 1.5% foreign exchange commission really hurts every time I trade - the low trading fee looks good, but the paying this amount of fees for foreign shares I find over the top - because of this, and this is the only reason, I am now looking for other trading platforms with lower foreign exchange rates. Pity. Most trading platforms have either no or very low annual fees and a trading fee of around £5-10. However, "TRADING 212" for example charges 0.15% foreign exchange fees, a tenth of what iWEB Share Dealing charges, and they still seem to make money?! I assume big bank Lloyds in the background rears its head and tries to get as much as possible of its customers' money.....simply because the foreign exchange fees are -at first sight when comparing trading platforms- not as obvious. To demonstrate with numbers: if I were to buy £10k of US shares, the foreign exchange fees charged are £150 !! ....and the same again, once I sell the shares. Any "annual fees" or slightly higher trading fees other platforms charge are miniscule compared to the 1.5% foreign exchange fees. And to finish this off: Lloyds / Halifax's other trading platform AJ Bell only charges a maximum of 0.75% foreign exchange fees, getting less if the order becomes larger. So it can be done! Reviewed on: 22nd February 2024

Simple cheap effective share dealing

Everything you would ask for from an online sharedealing platform with the complication and high cost of Hargreaves Lansdown and AJBell Reviewed on: 13th July 2023

Low cost share dealing

I’ve been with iWeb for many years now and as an execution only service it is very cost effective. Reviewed on: 6th April 2023

Best ISA

I have an ISA with IWeb. I really like them because they are so low cost (no annual charges, just a £100 joining fee, and £5 share dealing), but still have all the features I require. They are backed by Halifax, so I think they are reasonably secure. They have the shares and OEICs I want to invest in. I can place limit or stoploss orders. They have everything I want from a stockbroker, but they are very, very low cost. The only time I had a problem was when I tried to transfer only part of an ISA to them. Despite me telling them over the phone and writing it on the transfer form, they still tried to transfer all of the ISA to themselves. Luckily the brokers at the other end sorted it out for me. Now I’ve transferred my ISAs to them, they are just great. I just wish there were more stockbrokers like them, as I don’t want to put all my savings in one place. Reviewed on: 14th March 2023

Website is out of date

Requires massive improvement in website , no app , no additional benefits or access to any other research products Reviewed on: 30th March 2022

Value for money

Brilliant company for share dealing and isa. Real value for money unlike Barclays. The only gripe I have is the three days to transfer funds out when the deal is settled. Three days in this day and age is a liberty. Reviewed on: 12th February 2022

Efficient and Cost-Effective

Simple and comprehensive share dealing and ISA provider. Makes dealing easy and cheap. ISAs especially good - can set price targets and range trading options without cost. Reviewed on: 12th January 2022