Most Stocks and Shares ISAs, on the surface, look pretty much identical. In reality, they all have differences that make them very …
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Most Stocks and Shares ISAs, on the surface, look pretty much identical. In reality, they all have differences that make them very …
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43 comments
📈Freetrade
Get a free share worth £10-£100 when joining Freetrade via this link.
https://bit.ly/47yiQHi
Terms apply. This is an affiliate link.
🚀Lightyear
Use DAMIEN or go to https://bit.ly/4tnvUYj to claim £10-£100 in a fractional share or ETF in your General Investment Account. See full T&Cs through my link. Capital at risk. ISA rules and promotional terms apply.
📊Trading 212
https://www.trading212.com/join/DAMIEN
Get free fractional shares worth up to £100 using the link above or use PROMO CODE: DAMIEN
This is an affiliate link. When investing, your capital is at risk.
💰Prosper
https://prospersavingsltd.sjv.io/rEE6aD
When investing, your capital is at risk.
⚙InvestEngine
https://investengine.com/
When investing, your capital is at risk.
🤝IBKR
https://www.interactivebrokers.co.uk/en/home.php
When investing, your capital is at risk.
💷Hargreaves Lansdown
https://hl.7eer.net/X44JN3
This is an affiliate link. When investing, your capital is at risk.
💳 Interactive Investor
https://www.ii.co.uk/
When investing, your capital is at risk.
Thank you that was really helpful I have cash LISA I want to transfer to a stocks and shares LISA can you do a video on this
Hi Which one provides the best technical analysis platform? Thanks
Many of the "free" brokers have huge spreads and make money that way, which wasn't mentioned. That means you dont get the best price when entering into positions so for large orders, fixed fee legacy services can work out cheaper.
I read on an Invest Engine website page that they are able to reduce costs by charging, and keeping, interest on free cash held in Stocks and Shares ISAs. Its one way they make money from the platform (aside from Managed Portfolios and I'm guessing other things). HOWEVER, with the new rules off 22% on interest made on S&S ISA free cash my guess is people may not be holding reasonable figures there anymore so Invest Engine's revenue from this will decrease. And then what? Will they increase fees whereas now many functions are free – if they can't balance out the loss? I may have missed something here and I'm joining the dots I can see – has this been discussed in a video? I'd be interested to watch this discussion. It must impact other platforms as well.
Whilst no experience of other platforms 212's customer service via chat is excellent – Appreciate it would have been a mammoth task but some info on the quality of the customer service on all of these platforms would be useful. As ever Damien – great video and very informative!
My late father used to be investors interactors. I am shocked to se Investors Interactors charges these extortionate fees. It's not worthy it. I am pleased to be trading 212 easier to navigate and more beneficial 👍
Whats the new uk tax rule changes mean?
What about for small regular payments?
Good video but out of my depth here, I just opened a vanguard uk stocks & shares ISA yesterday with intentions of monthly deposits into the S&P 500 market, sort of like set and forget for years to come hopefully, vanguard wasn’t mentioned in this video, but from what I’ve researched, for my purposes it’s the best option out there, can someone who has experience in investing help me on this pls?
I also found out that they have a monthly £4 subscription fee which i didn’t know about I only thought the charges are the 0.05% they take, and this has kind of been a buzz kill but I continued setting it up only because I’ve done weeks of research into the S&P 500 and everyone says vanguard is better than trading 212, well by everyone I mean some of the internet searches😅
As an investment newbie who'd looking for a S&S ISA that's managed by "experts" so I can set it and forget it, what options would be best? Would also really appreciate a breakdown of, say, Vanguard vs Fidelity in that regard
Please can you review TP true potential?
I have a friend that’s a dual citizen UK/US but is a UK resident. Seems like a lot of these apps don’t like that. Any advice for them?
Hi Damien, if I invest into a 212 Stocks & Shares ISA with a foreign bank account (I’m looking to invest in it from my Qatar bank account – 212 allows it to connect to my Qatar bank account with no issues), can I then withdraw that money from the ISA to my UK bank account (Danske Bank)?
Thanks, have been subscribed to you since 2020 👍
InvestEngine is superb if you only buy funds.
T212 for individual stock-picking for fun
InvestEngine for serious long-term investing
IBKR has in my opinion crap interface and not intuitive.
Interactive Brokers might look a bit overcomplicated. But their fees are among the lowest. £36 annual inactivity fee is less than £72/180 annual charged by Interactive Investor, for example. Also that inactivity is not charged on non-ISA accounts
Spot on advice as usual, your channel is my go-to for making sense of UK personal finance. I always get tied in knots trying to calculate exactly how much to save each month to hit my future goals without leaving myself short right now. I’ve been messing about with Zenith Wealth Planner over the last week and it’s genuinely helped me visualise the split between my options.
How about IG, they have 5k cashback offer now
If I wanted to switch from AJ Bell to (eg) Trading 212 then would I have to cash out all my investments or would they be transferred across?
Thanks, I opened a lightyear ISA and used your code, it required me to open a GIA and transfer minimum £100 into that account separate to the ISA, this only got me a £13 share.
Does it Matter about the £85k, now £120k protection for funds because if the platform fails your shares are held with the actual companies
Any reason why Vanguard isn’t in your top list? Is their UK offering too weak?
I’ve had T212 and Interactive Brokers ISA accounts for the last 3 years, I use IBKR everyday inc their Tradingview charts (without having to pay Tradingview) and sometimes use T212 but not that often as it doesn’t seem to be anywhere near as flexible, IBKR is a bit clunky though but that doesn’t matter now I’m used to it.
Thanks Damien
Nhs pensions:)
Thanks for your clear and no-nonsense videos. I just signed up to T212 with your promo code 💪
Shouldn't the title be – best ISA platforms?
Do you have discord community
Can you do SIPPs next? I'm with Aviva (not that I want to be). Need a SIPP that can take deposits direct from a limited company, can take a pension xfer from Aviva. T212 and Invest Engine are still 'not ready'.
I was in profit with freetrade and yet still got deducted big time how dose that works ?
I'm throwing in the towel on stocks – at least, that's how it feels. Despite investing $2k to $3k monthly in solid, blue-chip companies, my portfolio just keeps taking a hit. I'm frustrated and unsure what to do. Any advice on how to navigate this market and finally start seeing some growth?
Lets see what T212 have to say about themselves 🙂 Hope you got some good shares with my sign up <3
What do you think about using Revolut for all Banking, GIA, ISA, and crypto?
Hi Damien, great video mate and interesting to watch but as a complete beginner to investing at 44 years old, it was a bit over my head. But I say that respectfully as this video is probably more aimed at peeps who have already dipped there toes into investing, however at 44 is it too late for me to get started with investing and if not which platform would you recommend for a complete beginner like me who just wants to invest my first £50 in a set it and forget it global ETF Index funds?
I’ve been using Prosper for my SIPP when I merged 3 old work place pensions in September 25. Fee free and fund fee refunded too, once they end that I will probably look elsewhere but a good option for sure!
If you proved to youself you are not just a pretty face or thinking about some serious money Interactive Brookers is by far the best
No other platform is capable of that. Yes you can do that even with ISA restrictions and no leverage. Although it would be better if there was x3 or x5 as professional portfolio has minimum deviation possible that requires multiples
Been with Nutmeg (J.P. Morgan Personal Investing) for 4 years now. LISA and ISA in their 100% Equity Fixed Allocation fund. It's been doing great. I prefer to to just invest and forgot.
I'm 38 so after watching your most recent interview and this I may actually start with Trading 212… Been wanting to start for a while but that was the kick up the backside
No vanguard?
@DamienTalksMoney. Thank you for another great video and helping me start investing at 44. You mentioned in this that you keep your investments in several platforms partly to spread the risk and for the 120k protection. I am looking to put a large sum into one platform this year and was a little worried about this. I have started my investment journey with trading 212's s and s ISA and would rather not have lots of different pots when it comes to decumilation and for working out tax etc. How safe is it to have your whole retirement pot in one of these platforms? Many thanks and please do a video or podcasts on decumilation strategies for the oldies 😅
Eh Dan, I’ve got a spare £500 to invest, can you give us any guidance bud ?