The iWeb brand is owned by Halifax Share Dealing, which operates it as an identical service with mostly lower costs.
Trading commissions are £5 rather than £9.50, while a stocks and shares ISA has no annual fee through iWeb. However, there is a one-off charge of £100 to open an account. 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 account-opening fee means that you will need to be relatively active to make the savings worthwhile. If you want a wider range of markets, AJ Bell Youinvest or Hargreaves Lansdown are the obvious firms to consider.
|Belgium, France, Germany, Italy, Netherlands, UK, USA
|Account fees and inactivity fees
|One-off account opening fee of £100;
SIPP administration fee of £22.5 per quarter for accounts under £50,000, £45 per quarter for accounts over £50,000
|Custody charges for stocks
|Corporate action charges
|Currency conversion charges
|Hold cash in foreign currencies
Compare iWeb Share Dealing with another broker