I'm currently about to switch my Stocks and Shares ISA in the UK, so I've researched and broken down the BEST Stocks and shares ISA's on the market. 2022 Guide Here:
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(Note – I have not mentioned eToro as I don't think they provide an ISA, I also don't think banks are very good options for stocks and shares, or your money management services like Nutmeg, Wealthify and Moneybox).
Best Stocks and Shares ISAS Guide:
0:00 – ISA Overview
1:21 – ISA Providers
1:45 – ISA Charges
3:00 – Number of Shares & Funds
4:24 – ISA Dealing Fees
5:37 – FX Fees
6:58 – Hidden Costs
7:57 – Fractional Shares
8:33 – User Experience
9:30 – ISA Transfers
10:59 – ISA Protection
12:08 – Company Age + Funds Managed
13:33 – Freetrade & T212 Business Model
14:50 – ISA Tier List
19:48 – ISA Summary
Hey guys! I hope you find this video helpful. I'm currently in the process of switching my ISA and I've spent days researching the best options to pull them all together for you in this nice easy guide to save you the hassle.
There's various different options in terms of fees with stocks and shares ISAs and hidden costs you need to be aware of.
Hopefully this video will help you make up you mind which ISA to go for.
If you could like and subscribe that'd be awesome, as it'll help the channel grow – and more people find this.
#StocksandSharesISA #StocksAndShares #ISA
*None of the advice mentioned in the video is to be taken as financial or investment advice as it’s for entertainment purposes. Some links above include affiliate commissions/referrals.
Nice video. I’ve used most of these platforms over the years and I generally agree with category assessments. The one I don’t agree with at all is the UI for Free trade, it may look nice and modern on a screen shot but it is horrible to use, the stock charts constantly lag and freeze, occasionally you get pop marketing messages that overlay the UI and take several attempts to dismiss, plus having a monetary value gain/loss instead of percentage (or atleast having an option) for the overall account is a bit annoying, maybe personal preference. Otherwise decent comparison video.
Thanks for mentioning these points! Very useful. I tend to do market analysis on external sites which I maybe should have mentioned 🙂
@Bobo 1980 compared to HL and some others they are cheaper, if you regularly buy can also save by setting up monthly saving options
I’ve been scouring for a few hours trying to find some decent no BS video regarding ISA’s, this is the one! Fantastic breakdown Chris. This should be shared everywhere!
Great video! I was building the same table for myself. You save me tons of time. Congratulations on the clarity and objectivity. Sometimes it’s tough to explain all this in one go! I wish you all the best
Thanks! Glad you found it useful 😌
I am with interactive investor, their FX rate is too expensive (1.5%) although they have SIPP which can hold multiple foreign currencies (i.e. you can keep US dollar in the SIPP account after you sell US stocks) to avoid multiple exchanges, also SIPP charge extra £10 (in additon to £9.99 account fee) each month. So I am looking for another provider to buy international shares.
I think you can’t really go wrong with Freetrade, depending on what you want to buy. Might be worth looking at T212 if you can get an account (but just need to watch the spreads). Stake is also gaining popularity for US shares. I don’t worry too much about fees in general, until now where I’m paying £155 to sell a share 😂
Great video. Note: when buying over 35K in a USD trade HL is actually cheaper than IG due to tier FX. Under that IG is cheaper. So this is key.
HL also has blocked Vanguard ETFs while IG still has them. Toss up in my view but depends on if you invest in individual shares or not and what amount.
Thanks Alex! That’s really interesting. I’m surprised about them blocking the Vanguard ETFs since they are so popular!
@Chris Palmer agree. Apparently they have alternatives to them again provided by vanguard but you can’t buy the direct one. Some documents apparently that aren’t provided.
Plus HL has a 0,45% annual platform fee for any fund which makes total costs high.
@Alex Sim Investing so would you say that if I’m just starting to invest and it’ll it’ll below £100 per month, IG is a better option over HL?
This is unbelievably helpful! I’ve been putting off getting started for ages, but this is encouraging me to go for it.
Thanks Paris, lovely to hear! Go for it! The sooner you start the better 🙂
Same as me, lol
Would you say this advice was still valid for more beginner investors (like me) who are interested in funds rather than individual shares?
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Might be a good idea to compare buying unit trusts which is what a lot of people do in thier IASs.
Been looking for few week for an honest review on all UK options and you have been very helpful thank you! One thing I am struggling to find is compounding fee over time which platform would work out best over time?
Great video, I watched it like 10 times. I am looking to mainly invest in ETFs. I can’t figure out if IG would be a good option. I can’t understand their dealings fees for ETFs.
For example I want to invest a small amount regularly every month in 4 ETFs (iShares), will I pay £3 each time? Or will that make the whole thing free as I am doing 3+ trades?
u pay 10£ for trading US shares unless u had 3 trades in previous calendar month. so first month if u have 5 trades u pay 50£. then u must have min 3 trades/month to got free trades for following month too. if u dont have 3 trades/quater year that cost 24£ more(8£*3)
You do some very nice video’s that are helpful to investors. The one point you raised about Vanguard, although at present they only offer their own very wide range of funds, if investors wish to select other shares that are not available in Vanguard, nothing to stop them setting up a new ISA in the next tax year and using that for other shares. Diversification even further if required.
Thanks Malcolm. Yeah that’s definitely possible 👍
I have been looking at learning about investing for over a year and had done nothing about it until today. The main questions I had starting out was, what platform should I use and how do you invest. This video has helped me greatly, thank-you, for sharing Chris, I look forward to learning more.
Awesome! Great to hear you’re starting Andy! Glad it helped.
@Chris Palmer I will be joining you on this journey for sure. I’m still unsure about which platform, It is between Hargreeves and Freetrade. Also, I have come across one called Circa5000 which is an eco investor, if you have any advice it will be greatly welcomed.
@Andy Barton hmm I have done a video comparing them all if that’s helps I’ve not heard of that id stick with the main ones, free trade is the cheapest and the link in description gets you £10 for signing up at the moment. You can swap every year too if you find you don’t like it. HL is also very good but probably one of the most expensive ones around. Not heard much about circa which may not be the best. You can invest in eco companies in any of the others too
Thank you for helpful video. If I am only looking for ISA stock & shares (not regular trading) then what’s the best option? I am mainly interested to compare your options with hsbc where I understand the fee is lower (platform + fund manager + transaction cost = 0.42%). Why would you prefer others over hsbc (eg dynamic fund)? Thank you
Please can you include a review of each platforms analytical tools to help manage your portfolio? For example, would be useful if you could get asset class breakdowns, geographic breakdowns, style, risk, sector breakdowns, etc. at a whole portfolio level. My HSBC ISA has this functionality, but sadly not HL
I would probably not rate any of them that highly, I’d recommend looking at external tools for that – you’d expect them to all be standard. I don’t have an open account to compare them all but from the ones I’ve used of these it’s been fairly basic, at best. You may find the fees you could save could make something affordable to use for all of the stats you need.
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Great Video! Quick Question, at the end of the tax year, if you plan to move your Stocks and Shares ISA to a new provider, what can you actually ”do” with your old S&S ISA. For example, you will still receive dividends over time in your old S&S ISA, but if you invest that money, technically are you allowed as its now a new tax year (and you decided to use a new provider for the current tax year)? Hopefully this makes sense, but you can also see how confusing this all gets! Thanks for your help in advance!
Hey, as a newbie, this was a fantastic systematic introduction to these ISAs. Some questions please: 1) Are there any ISAs in which one can trade options? 2) Are there any ISAs in which one can trade crypto, analogous to e.g. the iTrustCapital crypto IRA in the USA? Also I heard that Freetrade now plans to lend out customers’ shares (though I don’t think this affects thier ISA product); any thoughts on this? Any help appreciated, cheers!
Hey bud. I would definitely avoid options if you are new – very risky, I’ve never found an amazing platform for this either, best I saw was about Interactive Brokers, no one in the UK seems to really come close, we have spread betting here though which is our equivalent. The freetrade thing isn’t a huge deal tbh, no risk in ISAs.
@Chris Palmer Cool. Yeah, I’m still learning and not looking to go head first into risky stuff, so thanks for all the info.
Calling out Nutmeg’s stocks and shares ISA performance, the reality is substantially different to their PR.
I have held this investment for five years
1: no growth
2: no growth
3: good growth
4: no growth
5: negative growth
In the same period an investment with another manager has achieved four times the growth.
Regardless of what their media and sponsored reviews say, Nutmeg simply isn’t very good.
Thanks for sharing! Sorry to hear it’s not been good 😞
The thing with interactive investor is that when your portfolio gets to a certain amount, it’s cheaper than all the percentage-based fee structure ISAs
Very good point! I’ll be considering it for my SIPP when it gets to that point