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FINQ Customer Reviews & Alternatives
FINQ Alternative ETF Investing Platforms
We have ranked, compared and reviewed some of the best FCA-regulated ETF platforms in the UK to help you choose the most appropriate account for your investment objectives.
Description:IG offer over 2000 UK-eligible ETFs from just 0.04%. You can buy and sell individual ETFs or let their investment experts do it for you with the Smart Portfolios. Capital at risk.
Yes, with IG you have the option of either investing in the long term by buying ETFs in their general investment account, SIPP or ISA. Or you can speculate on them going up or down by going long or short via CFDs or financial spread bets.
For more advanced investors you also have the options of investing in leveraged and inverse ETFs. These allow you to invest in ETFs that go up as the market goes down, which can be very useful for hedging your long-term portfolio against short term market crashes.
You can also invest in ETFs that move based on how volatile the markets are. So as well as investing in company and index performance, you can for example, invest in the ProShares VIX Short-Term Futures ETF to potentially profit from volatile markets.
Fees: Share dealing fees have just been removed which means you can buy and sell UK and US ETFs for free, with the exception of the FX charge when you buy US-denominated ETFs, where the foreign exchange fees are 0.5% on the conversion.
A good choice for frequent ETF investors who want access to the US markets.
Verdict:Interactive Investor won our award for best ETF investing account in the 2022 awards. You can choose from over 1,000 ETFs to invest or use their expert picks in the Super 60 and ACE 40 lists. Capital at risk.
A good ETF investing platform for larger accounts, as costs are fixed and do not increase with your portfolio.
ETFs available: 1,000
ETF account charge: £4.99 per month
ETF dealing charge: £3.99
Account types: GIA, ISA, SIPP, JISA
Fees: Interactive Investor ETF dealing commissions are a free trade every month, then charged £3.99 or upgrade to a £19.99 “Super Investor” account 2 free monthly trades and deal for £3.99. Regular investing is free.
Pros
Fixed account fee good for large ETF accounts
Low minimum deposit of £1
Wide range of ETFs
Cons
The fixed fee is not great for very small accounts
Verdict: With AJ Bell you can invest in over 1,500 ETFs as well as use their screener to search for the best ETFs based on price, costs, performance and target market. Capital at risk
A low-cost ETF platform listed on the LSE, that can also help you choose what ETFs to invest in.
ETFs available: 1,500
ETF account charge: 0.25%
ETF dealing charge: £5
Account types: GIA, ISA, SIPP, JISA, JSIPP
Fees: AJ Bell ETF account fees are capped at £3.50 a month. Dealing costs are £1.50 for funds and £5 for shares but drop to £3.50 where there were 10 or more online share deals in the previous month.
Verdict:Hargreaves Lansdown’s ETF platform offers a huge range of exchange-traded funds tailored to various investment strategies. They also have an expert research team that provides ETF investing ideas. Capital at risk.
A very reliable way to invest in ETFs with one of the UK’s largest investment platforms.
ETFs available: 1,000+
ETF account charge: £0 – 0.45%
ETF dealing charge: £11.95
Account types: GIA, ISA, SIPP, JISA, JSIPP
Fees: There is no account charge to hold ETFs in a Hargreaves Lansdown dealing account. But in a SIPP and ISA ETFs are charged at 0.45% capped at £45 per year. ETF dealing charges £11.95 per deal or £5.95 if you do over 20 deals per month.
Pros
Excellent ETF research
Low minimum deposit of £1
Zero account fee for ETFs
Cons
Account fees are higher for managed funds
Higher FX conversion fee starts at 1% (drops to 0.25% for deals over £20k)
Verdict:Saxo Markets offers trading on 6,400+ ETFs from tech, healthcare, environment and other major sectors. You’ll also get access to research on ETFs across sectors and markets, investment inspiration, live market updates, expert analysis, podcasts and webinars. Capital at risk.
A great choice for serious ETF investors that trade on a regular basis with large portfolios..
ETFs available: 6,400+
ETF account charge: £0
ETF dealing charge: £6
Account types: GIA, ISA, SIPP, CFDs, futures & options
Fees: *Saxo Markets charges a commission based on a percentage of ETF transaction size. They are very competitive though and ETF trading commission starts at 0.1% (£100 if you buy £100,000 worth of stock) and drops to 0.05% for more active traders.
Verdict:Interactive Brokers has a very advanced platform and execution capacity for international investing on over 150 ETFs. Interactive Brokers’ reimburses clients for commissions paid on ETF shares held for at least 30 days. IBKR Lite clients always pay $0 commissions on ETFs. Capital at risk.