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Service Fee Free Trading Platform

  • 19-02-2021 5:26pm
    #1
    Matt406
    Registered Users, Registered Users 2 Posts: 190 ✭✭


    Hi,

    I’m looking for some advice. I have shares in a few companies that I plan to keep long term.
    I would be a very infrequent trader – I have not traded any shares in over 2 years now!
    I used to use TDDirect Investing for several years. There were no account service fees with TDDirect, just fees to make trades. Now TDDirect have been bought by Interactive Investor and there are monthly service fees - £13.98 (GBP).

    Are there any platforms that don’t have service fees?
    i.e. they just hold my shares, with no changes (unless i way to make trades)? Thanks.


Comments

  • #2
    P_Cash
    Registered Users, Registered Users 2 Posts: 721 ✭✭✭P_Cash


    I would be interested in this also.
    I'm in same boat, TD was perfect for what I used it for, buying and holding,


    Degiro seems the only viable option, but concerned about placing money with them.


  • #3
    P_Cash
    Registered Users, Registered Users 2 Posts: 721 ✭✭✭P_Cash


    from what I can see Degiro does not have a month/yearly admin/maintenance fee. I am open to correction.


  • #4
    Atlas_IRL
    Registered Users, Registered Users 2 Posts: 1,857 ✭✭✭Atlas_IRL


    P_Cash wrote: »
    I would be interested in this also.
    I'm in same boat, TD was perfect for what I used it for, buying and holding,


    Degiro seems the only viable option, but concerned about placing money with them.

    What would your concerns be? I am not sure if they are still closed to new customers but they are a very good platform for your situation, very easy to use as well. US trades are about 0.50c a trade so if you are an infrequent trader you will not be spending much on fees as there are no service fees I have heard of that will wrack up in the background. Whilst they would not be good for someone that wanted to do more advanced trading like options, day trades, charting etc, for the casual it is perfectly fine.

    Trading 212 is another similar broker but again I am not sure if they are still adding new clients.


  • #5
    dotsman
    Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    Degiro has no service fees and is brilliant.


  • #6
    daheff
    Registered Users, Registered Users 2 Posts: 5,934 ✭✭✭daheff


    I concur. DeGiro definitely better & cheaper.

    I was with td/ii and left due to the ever increasing fees.

    If you have a number of stocks to dispose of before closing the account upgrade to one of the highest plans for that month as you get cheaper transaction fees & (I think) 1 free transaction.


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