Motley Fool sharedealing new charges

A question about : Motley Fool sharedealing new charges

New charges with effect from from 31st March:

ISA closure/transfer fee: free (was Ј50)

Rights issues: free. Was Ј7.50 (online) Ј2.50 (sharebuilder),
free (ISA/SIPP).

Transfer out of shares electronically to another stockbroker/ISA to another ISA manager: Ј25/investment (max Ј125), was Ј25/inv no max.

Fund dealing: Ј17.50 was free
Fund regular investments: Ј2 was free
Fund dividend reinvestment: 2% capped at Ј17.50 was free.

Existing charges here:
https://www.fool.co.uk/share-dealing/share-dealing/

Best answers:

• Thanks for that. I'm assuming the Ј12.50+VAT admin fee every 6 months still stands?
  Can't see any mention of it on that link.
• That's the fee for the ISA. It's still listed here:
  https://www.fool.co.uk/share-dealing/...ks-shares-isa/
  They advertise two unwrapped accounts: Share Dealing and Sharebuilder - I can't tell if these are the same or different?
  https://www.fool.co.uk/share-dealing/
• Hi Porcupine - Have you had any formal communication from Fool on their revised charges?
  I have a small S&S ISA with them but haven't received anything via email just yet.
  Looking at options to consolidate my ISA's so want to be 100% clear what the charges will be pre and post Mar 31st.
• Thanks Porcupine, spoke to them on the online chat and they gave me this link to details of the new charges:
  https://www.fool.co.uk/share-dealing/...aling/#simple7
  Looking to consolidate my ISAs with III so will probably look to sell the few shares I have over the next couple of months and transfer as cash.
  Had it confirmed that this will incur no costs as ISA transfer fee is being removed from 31st March onwards.
• I currently have shares bought through Motley Fool Sheredealing, but NOT within an ISA.
  I buy or sell shares pretty infrequently, maybe 1 to 3 times a year.
  As I understand it, there has been no standing charge in the past but the new changes will have a standing charge of 80 pounds per year. So I'll be up to 80 pounds worse off every year just by leaving my shares with Motley Fool.
  So I think I need to move them somewhere that has lower or zero standing charges.
  I already have a stocks and shares ISA with AJ Bell YouInvest, so I may transfer my Motley Fool shares across to them as I can't see any standing charges in their standard Dealing fees:
  https://www.youinvest.co.uk/charges-...ealing-account
  Are there any better or other dealers I should look at that have very low standing charges?
• Please note that this thread mentions changes in fees to Motley Fool from early 2014. It appears they've now decided to move from being run by Halifax to Interactive Investor, which has quite a different fees structure.
  I haven't looked at TMF's 2015 fees in detail, but I'd suggest to have a look at iWeb. It's also run by Halifax, but there are no standing charges for the ISA or the unwrapped account, there's just a one-off Ј25 opening fee. That covers both shares and funds (in contrast with most providers).
  Deals (funds or shares) are Ј5 so it's quite cheap - the only time it doesn't win is in regular savings transactions, or you're buying funds with a small pot (where a percentage annual fee would be better than deal fees).
  I don't know YouInvest or Motley Fool, but the iWeb interface is fairly basic - shows you purchase price, current price, profit/loss (in pounds and percentages), plus transaction history. There's the usual deals like market and limit orders. A bit annoyingly it lists by ticker not by name (some funds have very obscure tickers, you can hover to get the full name). They do have research pages, but I'd go elsewhere for that (Trustnet, Morningstar, Citywire, HL).
  Essentially a cheap, no-frills offering that does what it says on the tin.
• Doh! I hadn't noticed that the date was exactly 1 year too old! Yes it's the present 2015 change that I meant.
  Thanks for the suggestion. It looks like iWeb will be my choice.
  Just in case anyone's interested the current charges are:
  https://www.fool.co.uk/share-dealing/...ative-charges/
  and from March 2015 they will be:
  https://www.fool.co.uk/share-dealing/trading-account/
• Please Motley Fool customers move now before it's too late.
  Do not get involved with Interactive Investors.
  You have been warned ................
• I have sharebuilder account as well, looking to move, no point paying quarterly charges. Can anyone suggest alternatives?
  looking at x-o
• Did anyone above move TO Motleyfool because their previous company introduced charges? I can't recall who it was but I moved to MF for this very reason. I've had a letter about this today - so will be moving too. It does mention you can stay with them and keep on the same plan as now for 12 months though.
  So to transfer to another provider do you open an account there and then they contact MF to arrange the transfer?
  iWeb well regarded then?
• Iweb and x-o are both well regarded for bare-bones budget options and similar ongoing price if you just want cheap sharedealing. If you wanted funds on the same platform too, then you can get that at IWeb and ii but not at x-o who are a stockbroker only. I don't think x-o do international stocks either.
  But the price per share trade for either of those options is going to be cheaper than the Ј10 at Fool / ii and there is no ongoing quarterly fee.
• Hi - that price per trade isn't something that I'm too bothered about to be honest - I make very few trades (not even one a year tbh). It's the 'free' yearly account that I'm more interested in (appreciate the iWeb has a set up fee). To go from Ј0 to Ј80 is a bit steep...
• Hi, so if I don't do many trades are iWeb and x-o both fine for what I need - an online place to 'store' some shares I have (only one company)? So, as there is no initial charge for x-o (compared to iWeb), I may as well go with them? I would open an x-o account here - and then there will be an option to transfer a current holding in.
  It looks as though I've missed the boat with MF handling the transfer and the new provider will have to deal with ii (after 16th March, as they won't have access to the account until then).
  Thanks!