Question for fee diff between hargreaves lansdown vs Interactive Investors

[Sagara]

Hi,

Just comparing share threading on these two platforms. HL's fees looks a lot higher as they take percentage of your holdings compare to II's flat fee which also gives you a free trade. Would you agree?

Could anyone also shed a light on FX conversion fees between these two when buying US shares? Am I correct to say that you pay %1 FX charge on HL but you do the currency conversion first on II which is 1.5% and then buy the shares. In that perspective HL seems to be more advantages?

I am trying to make a decision between these two and would be good to learn your experience if you have used both.

Regards,
Kemal

[northernladuk]

Have you asked spoken to them asking them this?

To be fair I aim to make so much dirty mulah from my investments the few points of a percent difference on rates will be irrelevant.

HTH

[Sagara]

I opened an account with HL and noticed the FX charge after that. It wasn't mentioned in the fees section: ISA Charges & Fees For The Stocks & Shares ISA | HL

They only seem to be answering messages because of the covid situation.

Looking at II website, they support multi currency with %1.5 Fx conversion charge on smallish numbers but it is not clear if you buy US shares with sterling. It would be good to hear from anyone dealing on these platforms.

[TheGreenBastard]

If it's ISA level investing have you looked into Trading212?

[Sagara]

If it's ISA level investing have you looked into Trading212?

Many thanks for this. I think I will go with Trading 212 as it looks to have no holding fee or FX charge.