Best ISA account provider

Photo by Damir Spanic on Unsplash

A quick reminder of how Stocks & Shares ISA work

Best Self-Selected Stocks & Shares ISA providers

  • Commission-free trading platforms;
  • Flat-fee platforms;
  • Percentual-fee platforms.

What to choose

Broker suggestion chart: X-axis is the expected money to be invested, Y-axis is the expected frequency of the transactions.

High Investment, High Frequency: Interactive Investor

  • are going to make a very elevated number of trades each month. But probably this is not why you’re getting an ISA…
  • are hoping to have a clear deep analysis of the market on your platform. Interactive Investor has some good educational material but misses the former.
  • are opening an account “just to try” for a while before getting seriously into investing. The £120 fee will keep eating into your fund even if you put just a little bit of money in it to try it at first. Freetrade is completely free to open an account with and to trade and would be a better option to start with.

High Investment, Low Frequency: Freetrade

  • want to trade from your laptop. They only have a mobile app for now.
  • are looking for a wide offer of products. They do not have a very wide range of stocks and indices, and they do not offer you the change to trade options.
  • need educational material.
  • want comprehensive graphs. Freetrade has a neat and clean style, presenting minimal information to the user.

Low Investment, Low Frequency: Vanguard

  • are looking for a wide offering of products. Vanguard has many funds itself and is cheap to invest in them for amounts lower than £80k, but has got a smaller offer of stocks and other products.
  • are looking for an advanced environment to trade. Vanguard offers simple and clear analytics, that might be a pro or a con for you.

My choice

--

--

--

Autonomous Driving Systems Engineer at Arrival— Imperial College Bioengineering Graduate — 12challenges patient zero

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Have a Chunk of Money and Enjoy Discomfort?

Intraday Trading: Ichimoku and the ATR Indicator

3 Things I Wish I Knew Before Refinancing my Home

How Do Student Loans Affect Your Credit Score?

How to Handle Student Loans While on Maternity Leave

5 Lessons Schools Don’t Teach You About Money.

5 Basic Lessons Schools Don’t Teach You About Money.

How to invest in stocks and shares and only ever make money?

Right Card, Every Time

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Federico Sanna

Federico Sanna

Autonomous Driving Systems Engineer at Arrival— Imperial College Bioengineering Graduate — 12challenges patient zero

More from Medium

An Object Supreme

AuroraFS

How to buy Heros

What is AdLunam?