Intro – IWEB Share Dealing Service | UK Broker Rating
AdvisoryHQ recently published its list and review of the top stock brokers in the UK, a list that included IWEB Share Dealing Service.
Below we have highlighted some of the many reasons IWEB Share Dealing Service was selected as one of the best stock brokers in the UK.
Click here for a detailed review of AdvisoryHQ’s various selection methodology: Ranking Methodologies.
IWEB Share Dealing Service Review
With a no-frills, discount version of online trading in the UK, IWEB Share Dealing Service is one of the top UK brokers that has no inactivity fee charges and no annual fee. The service is operated by Halifax Share Dealing Limited, registered in England and Wales.
This best online share broker in the UK is strictly execution only and does not provide investment advice. It does however offer free research tools you can use to evaluate stocks and funds.
A share dealing account with IWEB gives you access to seven world markets. The service also promises best pricing, gathered from a range of market counterparties.
Ranking of Best UK Brokers
Key Factors Leading Us to Rank IWEB Share Dealing Service as One of the Top Stock Broker Firms for 2020-2021
IWEB Share Dealing Account Review: Low Costs and Fees
IWEB is not only one of the overall best share brokers in the UK, but it’s also one of the top-performing discount brokers in the UK.
When an investor decides to open a share dealing account with IWEB, they pay a one-time account opening charge of ₤25. Additional accounts are free to open.
Investors can take advantage of a competitively low commission rate of just ₤5 per trade on both UK and international trades. If any currency conversions need to be made, that adds an additional 1.5% to the exchange rate for buys and take away for sales.
As one of the best online stock brokers in the UK, IWEB keeps its pricing very clear and straightforward. Investors can also download a charges factsheet for easy reference.
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IWEB Share Dealing Account Review: Simple Account Transfers
In many instances, investors with existing accounts at other UK brokers will come to IWEB to take advantage of one of the best online brokers in the UK. IWEB works to make it simple for investors to transfer their existing share dealing accounts to its service.
The investor makes a request for the transfer to IWEB, and as soon as IWEB gets an account valuation from the investor’s current UK brokers, its team will process the transfer and keep everyone updated on the progress.
IWEB handles most of the transfer process, and doesn’t charge investors to move their holdings, although the existing broker may charge for the transfer.
IWEB Share Dealing Account Review: Research
IWEB, a contender for the best stock broker in the UK, features proprietary research available to investors, which is designed to give them access to insight, prices, charts, and market news so they can make well-informed investment decisions.
The research available from IWEB covers not only the UK but also international shares.
The Shares Centre allows investors to filter thousands of UK, US, and European stocks, search a range of cost-effective ETFs, and research over 200 Investment Trusts.
With the Funds Centre, research can be done on over 2,000 funds using either simple or advanced filters to find what you’re looking for.
There’s also regularly updated market and regulatory news available through the IWEB site.
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Rating Summary
IWEB is for those investors who don’t need personal guidance and are just looking for discount stock brokers in the UK to facilitate their trades and provide them with research. The pricing structure of this best UK broker is one of the least complex that you’ll find.
When you land on the website, you’ll find that “no frills” extends to the service’s online presence on certain webpages, although other pages have a more modern look. This disparity can be jarring and make one double check that they’re on the right site. For this reason, we’ve rated IWEB with 3 stars.
However, if you’re just looking for low prices and trading tools without any extras, then IWEB Share Dealing Service will be a top pick for you as a best UK share broker to check out in 2020-2021.
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Image source:
- https://www.markets.iweb-sharedealing.co.uk/shares-centre/
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