Our fees and charges

• If you are on our Investor or Super Investor plan, you will receive a free trading credit.
• Each new trade credit remains valid for 90 days before it expires.
• You will receive your first free trading credit up to 48 hours after your initial service charge is successfully taken. 
• Each subsequent free trading credit will be issued up to 48 hours after your monthly service charge is successfully taken. 
• You can use your trading credit in any of your accounts.
  

You can use your free trading credit for:

• UK and international shares
• ETFs
• Funds
• Investment trusts
• Dividend reinvestment
  

How to view your available free trading credit

• Select Portfolio > Overview on your account menu. 
• Scroll down and click on credits overview. This provides a breakdown of the trading credit you have received and the date your credits are due to expire. 

You can view your charges in your online account. Select Account > Service plan details to see a summary of your monthly fee and latest charges. 

The easiest way to pay your monthly fee is to set up a direct debit.

How to set up a direct debit payment for your monthly fee

• Log into your online account and select Account > Service plan details from the menu. 
• Scroll down click on Set up a Direct Debit. 
• Enter your bank details. Please note that the bank account must be in your name and registered in the UK. 
• Click Continue and then Confirm. 

Your monthly subscription will be collected on or around the 10th of each month.

It usually takes up to 6 business days to set up the direct debit and 8 business days from set up to claim the funds. We will notify you when the direct debit has been set up.

If you have not set up a direct debit

We will take the payment from the available cash in your account. 

If we are unable to take the fee, your account will stay in a debit position. We will contact you to pay the outstanding payment. 

We charge additional trade commission for UK and US trades over £100,000 and other international share trades over £25,000. 

• £40 to buy or sell UK shares* with a trade value over £100,000. 
• 0.04% of the trade value when buying selling US shares worth over £100,000.
• 0.10% of the trade value when buying selling other international shares worth over £25,000. 

*Includes funds (unit trusts and OEICs), bonds, gilts and exchange traded products.

Trades may also be subject to additional government tax charges.

Standard withdrawals of sterling or euros are free. 

Urgent withdrawals of sterling or euros cost £15.

Standard withdrawals of other currencies cost £15. 

We charge a percentage of the total value of your transaction.

For currency conversion of up to £24,999 we charge 1.5%.

This means converting £1,000 into another currency costs £15.

The margin rate of converting currency worth over £25,000 is detailed below. 

The FX rate for currency conversion is based on the bid/offer exchange rate to which we apply a spread of up to +/- 1.50% at the time of execution. If multiple trades (“fills”) are required to execute your trade the FX rate is calculated on the value of each fill and you may end up paying a higher FX charge than for a single transaction of the same total value.

• Extended settlement (buy orders greater than T+2) - £4.99.
• Telephone trades - £49.

Please note that your free trade credit cannot be used for these extras.

Click here for a full list of fees and charges.