Straightforward and transparent fees

Introduction

Welcome to commission-free investing with fair, flat fees. Whether you're a cautious or adventurous long-term investor, we have a price plan to suit your investment style. And if you want to switch plans, there's no extra joining or exit fees. It's simple and affordable.

*Variable. AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and compounded once a month.

Foreign exchange

We calculate our FX fee by taking the current rate by the margin rates below. This rate is then applied to the money you want to convert to get the actual fee taken by us.

1.321 (example FX rate) x 0.005 (0.50%) = 0.00661

£100 (GBP) x 0.00661 = $0.66 (USD)

So, you'll get $132.10 (USD) from the simple FX conversion, minus our fee of $0.66 (USD), which is $131.44 (USD).

Other charges

Government charges

Notes

1. Your plan will be charged on or around the first business day of each month. You can review and change your service plan easily online (read our price plan FAQs for more information).

2. Your new plan fee will usually be effective once you switch plans. You will be charged for the number of days you remain on a given plan during the regular cash collection cycle.

3. If at the end of the Business Day you do not hold any assets (including unsettled trades) other than cash in your Account(s) (“Custody Service Fee”), we will not apply a fee.

4. For new plans starting part way through the calendar month, you'll be charged a Custody Service Fee, pro-rated for that month. You will also be charged for the number of days you have access to the plan within that month.

5. The Custody Service Fee will be charged on or around the third Business Day of each month.

6. Fees and charges (except FX charges) are charged in GBP. If you don't hold enough GBP (cash) in your Account, we'll convert any currency you hold at the Currency Conversion Rate to which we apply a spread (see above). The range of currencies are limited to what we can offer at that point in time. For further details, please refer to our Application.

7. No fee is charged for managing an ISA Account.

8. Please read our Fee Tariff for more information.

9. Interest on your uninvested settled cash (for all accounts) will only be paid on settled cash balances, which means cash available to withdraw.

   1. Interest on your uninvested settled cash in your GIA, Stocks & Shares and SIPP will only be paid on settled cash balances, which means cash available to withdraw. Interest is variable. AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and compounded once a month.