Not really, compared to other brokers like Hargreaves Lansdown and Interactive Investor is is cheap. But not as cheap as Interactive Brokers,
AJ Bell is committed to transparent and fair charges that offer investors excellent value and are among the lowest in the market. On the AJ Bell website, there’s a handy feature that enables you to calculate and compare charges.
AJ Bell ’s charging structure is consistent in approach across all its accounts. This ensures that you pay a fair price irrespective of the account or your investment style.
Platform charges and fees are listed below.
Buying and selling investments (per deal) |
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| Funds (including unit trusts and OEICs) online | £1.50 | ||
| Shares (including investment trusts, ETFs, gilts, and bonds) | £9.95 | ||
| Shares, where there were 10 or more share deals in the previous month | £4.95 | ||
Funds custody charge (including unit trusts, OEICs, and structured products) |
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| On the first £250,000 of funds | 0.25% | ||
| For funds between £250,000 and £1m | 0.10% | ||
| For funds between £1m and £2m | 0.05% | ||
| For funds over £2m | No charge | ||
| Shares custody charge (including investment trusts, ETFs, gilts, and bonds) | 0.25% | (max £3.50 per month) | |
The trading fees are quite competitive and are lower than those charged by rival Hargreaves Lansdown. Hargreaves’ standard trading fee, for example, is £11.95 per trade.
This falls to £8.95 if you make 10-19 trades in the previous month and £5.95 if you make 20+ trades in the previous month. However, they are higher than some other brokers such as Trading 212 and Freetrade, which offer commission-free trading.
There are no account set-up fees, inactivity fees, charges for holding cash, or fees to withdraw cash.
AJ Bell does have exit fees, however. These are listed below. By contrast, rival Hargreaves Lansdown does not have exit fees.
AJ Bell Transfer Out Fees
Charge (VAT is payable except where stated) |
|
| Transfer out to another UK registered pension scheme in cash | No charge |
| Transfer out to another UK registered pension scheme in specie | £9.95 per holding (no VAT) |
| Transfer out to an overseas pension scheme (QROPS) | £250 |
| Payment by CHAPS | £25 |
| Disinvestment, if holdings need to be sold to cover charges | £9.95 per holding (no VAT) |
| Foreign exchange charge payable when dividends or corporate action payments are converted into sterling | 0.50% (no VAT) |
| Purchase an annuity | £150 |
| Additional charge for transferring in a pension to your SIPP and then transferring your SIPP to another provider or closing it within 12 months | £295 |
| Payments on death or if your pension is to be split/shared as part of a divorce | Time/cost basis. Minimum charge expected to be £250 |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
