iWeb Share Dealing

 

iWeb was taken over by Halifax Share Dealing in 2003, but has continued to operate as a separate brand. The underlying service is identical, but iWeb generally has somewhat lower costs.

Trading commissions are £5 rather than £12.50, while a stocks and shares ISA has no annual fee through iWeb. However, there is a one-off charge of £200 to open an account, increased from £25 in March 2015. The 1.5% FX commission for international stocks is higher than the 1.25% for Halifax-branded accounts.

Overall, this means that the service is not especially competitive for larger international deals, but could suit investors looking to make smaller trades in major US and European stocks. For UK-only trading, the £5 per trade commission trade is extremely competitive, but the increased account-opening fee means that you will need to be relatively active to make the savings worthwhile.

Markets available
Online tradingBelgium, France, Germany, Italy, Netherlands, UK, USA
Telephone tradingAs above
Dealing commissions and charges
Typical online£5
Online details£5
Typical telephonen/a
Telephone detailsn/a
Other fees and charges
Account fees and inactivity feesOne-off account opening fee of £200
Custody charges for stocksNone
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion charges1.5% margin
Hold cash in foreign currenciesNo
Currencies allowedGBP
Other details
Tax-advantaged accountsISA (no administration fee), SIPP (administration fee of £18.75+VAT per quarter for accounts under £50,000, £37.50+VAT per quarter for accounts over £50,000)
Other products and servicesBonds, CFDs, funds
Minimum account sizeNone
Company locationUK
Further informationVisit the iWeb Share Dealing website

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 Posted by at 4:58 pm