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
I began using Freetrade around the start of 2020. At that stage while the pricing benefits were clear, the platform lacked many securities that I was keen on trading. Fast forward to 2024, the no of securities is a lot larger (but there are still gaps in that the nice ones are under a subscription). What I really like is that the FX spread is far better than those of iweb - which I used to think was easily amongst the lowest in the market. Their app is also very user-friendly. Its returns feature is also very strong - I havent seen that in any other platforms I use (Hargreaves or iWeb). The original benefit - i.e. no trade fees still continues. All in all a great introductory product. Of course you could get cheaper pricing at Trading212 or Investengine but they are probably for very specific users.
Reviewed on: 15th March 2024
