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MARTI0141's avatar

Does anyone have experience of using Interactive Brokers in the UK?

Their charges and functionality look compelling.

Currently, I'm with Interactive Investor (II) but the currency charges are extortionate and the platform aint that great.

Further, I think the market is saying something about their parent co. ABRDN.

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David Simpson's avatar

I’m with IGIndex and they’ve always been great. Good support as well and not expensive.

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Dominic Frisby's avatar

II's currency charges are horrible

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MARTI0141's avatar

On that basis alone, they (II) own 3% of your account.

If you've been underperforming, then you're really going to feel that.

This is an execution only broker we're talking about....

Having said all that, it's not that straightforward to simply switch - e.g. an ISA has to all be sold & auto converted back to Sterling before it can be shifted to another provider. (I think the SIPP might be similar).

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Dominic Frisby's avatar

It is a headache

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