Share dealing fees and charges
Our pricing is clearly set out, so you know exactly what you pay for and when you pay it.
- For share dealing charges (including ETFs and investment trusts) - there is a charge made for each buy and sell transactions you place. This will be deducted from the amount invested or raised through the sale.
- For standard buys and sells, there is a simple charge of £7.50 for each deal placed online
- For any regular savings plans and dividend re-investments we instead charge £1.50 a trade.
- When you deal an international share, you’ll also pay a foreign exchange (FX) charge.
- We add all of your investments together before we work out which fee band you’re in, so that you pay the lowest possible rate.
- The portion of the fee you pay on exchange-traded investments (shares, exchange-traded funds (ETFs), etc.) is capped at £90 (£7.50 a month).
- You do not pay a service fee on junior accounts, or on exchange-traded investments held in an Investment Account.
- What’s more, we will give you a Cash Management Account that is separate from your other accounts. We collect fees from any cash held there, before we look to take money or sell from investments held in other accounts, for example your tax-wrapped ISA or SIPP.
How shares are priced
Order execution regulations oblige us to obtain the best price available for you at the time of execution. Prices change throughout the day, depending on supply and demand, so prices may also vary depending on the type of order you make and the execution time of those orders. It's important to understand the difference between the price you pay for the investment (dictated daily by the stock market) and any additional dealing charges and service fees.
When you invest in shares, the price you buy or sell at depends on which type of order you place with us:
- Market order: Buy or sell shares at the quoted price, within 15 seconds, or request another quote. If the market is closed or a quote cannot be provided for either a market-related or technical reason, you can choose to buy or sell shares without seeing a quote first. This is also known as an 'At best order' as we send your request to the market and attempt to fill that order at the best price available from a number of different market makers. Prices can be volatile when market first opens, so you may wish to place a Limit order.
- Limit order: you tell us a specific price online you’re willing to buy or sell per share which, if reached, will trigger your order to be placed. You can invest a monetary amount (for example, £50 of shares at 200p per share) or purchase a quantity of shares (for example, 200 shares at 200p). We send your request to the market and it is executed if your limit price (or better) is achieved for the full amount of your order. Limit orders expire at the end of the day you select your order to end on, which can be any trading date up to 90 days from when you submit your order.
We also aggregate transactions, combining regular savings and dividend reinvestments with other customers’ orders, to gain the best executable price. We will never aggregate market or limit orders.
We’re proud to have been awarded Best Execution-Only Broker at the Shares Awards - two years running.
Our quick and easy-to-use calculator will estimate your fees within a couple of minutes. As investment charges vary depending on which fund you invest in, this tool is only meant as a guide. If your needs are more complex, consider talking to our financial advisers.
