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.
| Online trading | Belgium, France, Germany, Italy, Netherlands, UK, USA |
| Telephone trading | As above |
| Typical online | £5 |
| Online details | £5 |
| Typical telephone | n/a |
| Telephone details | n/a |
| Account fees and inactivity fees | One-off account opening fee of £200 |
| Custody charges for stocks | None |
| Dividend charges | None |
| Corporate action charges | None |
| Currency conversion charges | 1.5% margin |
| Hold cash in foreign currencies | No |
| Currencies allowed | GBP |
| Tax-advantaged accounts | ISA (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 services | Bonds, CFDs, funds |
| Minimum account size | None |
| Company location | UK |
| Further information | Visit the iWeb Share Dealing website |
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