Platform comparison: Service matters as much as fees
Thank you to everyone who provided valuable insight on last week’s Freetrade article. I echo the thoughts of matt365:
I enjoy reading everyone's thoughts and comments. They really are a great source of learning.
And so with that in mind, this week I have attempted to harvest some of those insights and delve a little deeper into the platforms available for stock pickers in the hope that together we can help more people make the right choices.
Fees are important
Starting with a more comprehensive overview of the fees.
Clearly fees are not the only consideration for private investors choosing a platform, but investors should be aware of the extent to which they can eat into returns.
Last week I compared some of the cheapest providers available and concluded that for a regular trader looking to buy international and domestic companies, IG, Freetrade and Dodl offer the best value. But there are problems with all of these platforms, which you can read about here.
And so I have started to gather a more comprehensive overview of the prices available from a wider field of platforms in this spreadsheet. Alternatively as sevwarn suggested, Boring Money’s fees calculator is a very useful...