Investments : Which investment platforms charge flat fees?

Most investment platforms charge an annual fee that is expressed as a percentage of the investor’s portfolio. So if you have £50,000 in an ISA, and the annual fee is 0.45%, you would pay £225 a year. The more you have invested, the greater the fee. In contrast, a few platforms charge flat fees. Interactive Investor has several different price plans, which all have flat fees. The cheapest is £59.88 a year and can be used for portfolios containing less than £50,000. Above this level, the cheapest flat fee is £143.88 a year. Interactive Investor argues that its fees are “flat and predictable” and can be significantly cheaper than its competitors that charge percentage fees. Meanwhile, IWeb, which is owned by Lloyds Banking Group, charges a flat fee of £100 to open an account - although there is currently a special offer until the end of the year where the £100 fee is waived. IWeb doesn’t charge any annual or ongoing fees. Trades cost £5 each. Halifax Share Dealing charges £36 a year for a stocks and shares ISA and share dealing account, plus £9.50 for each trade.