Share Share Discussion Threads

[thamestrader] 20/2/2020 07:22

Seems a good plan gates.

I don't have any SHRE shares, but do have a trading account here, which I quite like.

But each year I will be transferring holdings into my ISA (at HL.), leaving less and less in share.com. Eventually there won't be enough in share.com to justify the £24/quarter frequent dealing fee (it's borderline already), so I'll need a platform with no monthly fee, even if the cost per trade is a bit higher. The new ii/share might offer one, in which case I'll stick with them, otherwise I'll be looking elsewhere.

[gateside] 19/2/2020 20:20

Well I've decided if the deal goes ahead I'll either stick with ii, their services look OK and charges are very competitive. Only hesitation is, is the Customer Service of the same high standard as The Share Centre?If it isn't, then I'll switch to Hargreaves Lansdown.What I will do is sell my Share Centre shares before they are delisted, as I wouldn't want to be stuck with ii shares that are not tradeable.

[montyhedge] 18/2/2020 15:56

Is that Interactive Investor. They seem ok. Good reviews.

[cfro] 18/2/2020 15:48

Actually just looking at II's charges and the super investor plan looks quite attractive - £19.99 a month which is nearly £240 a year on the face of it seems expensive but then you get all UK shares dealing fee at only £3.99.
So, if you do say 100 trades a year you would be saving £400 on the standard rate of £7.99. Deduct the extra £10 a month you have to pay on the super investor plan and i make it £280 a year better off. The more trades you do of course the better off you would be.

[montyhedge] 18/2/2020 12:36

Even if you excecute a 100,000 pound trade with II cost 49.50, AJ Bell 750.00 pounds, what i can see, seems absurd.

II 5 star, higher than Share Centre 4.5 stars, who are good.

[eeza] 18/2/2020 12:16

You have to pay an enhanced fee to get to the lowest trade fees. It needs some working out. I chose the £ 9.99 monthly fee, gives 1 free trade/mth of £ 7.99 & £ 7.99 /trade after.
You have to assess how many trades you are likely to make every month to determine whether to pay the enhanced fee with lower trading costs.

One good thing I like about ii is the facility to pay the monthly fees by DD instead of losing money from the ISA account.

[cfro] 18/2/2020 12:00

Do II's dealing fees go as low as £3.99? I thought it was flat £7.99 for all UK shares, US shares and funds, etf's etc..

[thamestrader] 18/2/2020 11:26

Motley Fool star ratings - not bang up to date, but here goes anyway.

Share Centre (3.5 stars) strikes a nice balance between providing a feature-rich platform and still offering competitive trading fees for investors that trade regularly and pay for the ‘frequent dealing option’. It may be especially attractive for investors interested in overseas shares, as there are no extra fees for trading non-UK shares. Due to the fee structure, this account may not be a great fit for investors that trade very infrequently.

Interactive Investor (4.5 stars) is one of the leaders in online share dealing, and a good choice for long-term investors. Its platform gets high marks from investors for how easy it is to use and it’s well-liked for its flat-fee pricing. As of 1. June 2019, Interactive Investor customers get a choice of three subscription models that offer different levels of monthly fee in exchange for dealing fees that go as low as £3.99. It takes some thought to choose the right plan, but it may be time well spent, as Interactive Investor’s model can save some investors a good chunk of cash.

The only one that gets 5 stars is HL......

Hargreaves Lansdown is the UK’s market leading share dealing broker, providing easy access to an extensive range of funds, ETFS, UK and overseas shares. HL offers a robust service with an easy-to-use website and plenty of free information to help make your investment decisions. In our view, the ‘Fund and Share’ account is great choice for long-term share investors looking to manage their portfolio online.

[montyhedge] 18/2/2020 10:56

I thought like you, but Interactive Investors have a higher rating than Share Centre. 5 stars Motley Fool.

[cfro] 18/2/2020 10:34

Anybody not happy about this news should contact the SC and lodge your complaint. I have. I dont suppose it will make any difference but sometimes you just need to let them know what you think. Apparently they have received a number of customer complaints and are logging them.

[montyhedge] 18/2/2020 09:11

Funny enough Motley Fool has Interactive Investor 5 stars.So may not be so bad after all.

[topvest] 18/2/2020 08:52

They charge nothing if you make 1 deal a month. £11.50 a trade.

[eeza] 18/2/2020 08:03

You get what you pay for, monty.

[montyhedge] 18/2/2020 07:54

Charles Stanley very expensive, charge 0.35% on value of your portfolio, they must be having a laugh.

[topvest] 17/2/2020 20:55

This is a surprisingly bad offer for small SHARE holders as 1. they like the Share service and dislike ii and 2. the offer of shares in an unlisted entity is highly unattractive. I sold mine last year for 33.2p. The problem with this business though is that it can't make money when cash interest rates are negligible. It looks like the founder was fairly desperate to exit.

If you want a really good broker, with excellent service, then I would recommend Charles Stanley Direct. Excellent customer service. They might not be the cheapest, but they are good!

[eeza] 17/2/2020 19:09

As regards new accounts - nothing is going to happen for at least 6 mths - but new ISA yr starts April 6 - so need new provider.
I have ISA Accounts with ii & SHRE & now will be well over the limit for compensation levels.
So new year ISA defo needs to be with new provider and also reduction of existing.

[tenapen] 17/2/2020 18:56

Lower trade volumes and the extra costs of MIFID will cause consolidation.

Jarvis have two offerings



What is the X-O account?

X-O is an online share dealing account you can use to buy and sell shares at a set flat fee of only £5.95 per trade – one of the most competitive rates around. Using X-O, you can trade in any quoted UK equity (but not foreign stocks or unit trusts)
Cont...



shareDeal active is a nominee based share dealing account with a fixed commission of £9.50 per trade. You can trade over the phone or online and there are no inactivity fees. Just look at the benefits:
Cont...



For the record, I hold Jarvis shares.

Regards.

[montyhedge] 17/2/2020 16:11

Predictive text, lol, meant to say AJ Bell looking my favourite at the moment.

[montyhedge] 17/2/2020 16:10

It's a great shame, AJ Bell looking my face at the moment.

[thelongandtheshortandthetall] 17/2/2020 14:44

Share centre are great. Big shame. I'll watch this thread to see what others think about who to go with. 😢

[montyhedge] 17/2/2020 14:31

Doing a test to try Interactive Investors telephone dealing holding on to see how long to speak to someone 15 mins so far, useless, The Share Centre very quick.

[thamestrader] 17/2/2020 14:12

My annual running costs at Share.com are (12x2)+(4*24) = £107, plus £7.50/trade
At ii they would be (12*(10-8)) = £24 if you trade once a month, plus £8 per trade.

Seems ii are slightly cheaper, unless I am missing something??

I don't think either company's customers are going to be forced on the others' platform anytime soon.

[montyhedge] 17/2/2020 14:08

Interactive telephone price its seems to me, £49 plus online commission on top. Taking the p-ss.

[eeza] 17/2/2020 14:06

Considering switching mine to AJ Bell.
Telephone £ 29.95
Trades £ 9.95 or £ 4.95 if more than 10 trades previous month.
Qtr fee 0.25% of account with £ 7.75 max.

[kinwah] 17/2/2020 14:03

Analyst, the offer is only worth 41p based on a notional valuation of unquoted shares which will be hard to sell but holders of less than around 1000 shares get 41p cash anyway. Only if new buyers come in wanting to invest in ii for the long term is the SHRE market price likely to move towards the 41p valuation.