Hi all.
Looking to improve current broker. I trade within an isa on stocks only. My strategy involves fairly tight stops at 2 to 8% and position sizing accordingly.
I currently use td direct / now ii which is great for UK stocks with high liquidity and tight spreads.
Problem with US stock as their currency charge/ spread is 1.5% above market. Meaning I have to allow and extra 3% on position sizing calc as you cant hold foreign currency in isa...
I also keep a portion in vanguard lifestrategy fund for my son long term ( hes 3...)
Currently looks like most uk brokers do charge 1% to 1.5.
Ig being exception at 0.3% but they dont do funds....saxo also looked okay but again no funds and interactive brokers don't do isa's....
I probably already know the answer that should go ig or saxo and perhaps transfer sons isa fund to mothers isa but thought people here might know another options?
Thanks.
Looking to improve current broker. I trade within an isa on stocks only. My strategy involves fairly tight stops at 2 to 8% and position sizing accordingly.
I currently use td direct / now ii which is great for UK stocks with high liquidity and tight spreads.
Problem with US stock as their currency charge/ spread is 1.5% above market. Meaning I have to allow and extra 3% on position sizing calc as you cant hold foreign currency in isa...
I also keep a portion in vanguard lifestrategy fund for my son long term ( hes 3...)
Currently looks like most uk brokers do charge 1% to 1.5.
Ig being exception at 0.3% but they dont do funds....saxo also looked okay but again no funds and interactive brokers don't do isa's....
I probably already know the answer that should go ig or saxo and perhaps transfer sons isa fund to mothers isa but thought people here might know another options?
Thanks.
