HSBC Share Dealing ISAs
Review of the HSBC Share Dealing ISA Account
Investment ISAs put your capital at risk & you may get back less than you originally invested
- Trade From (frequent trader rate): £4.99 (Investor Essentials Plan up to £50,000 in assets)
Good to know: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading. Capital at risk. *Offer ends 28 February. Terms & fees apply. New customers only
- Fund Choice: Choose from over 6900 instruments
- Invest From: £10
Good to know: Invest in real stocks with 0% commission (for monthly turnover up to 100,000 EUR (then comm. 0.2%, min. 10 EUR)). Over 6900 instruments including Stocks, ETF’s, Investment Plans, Forex, Commodities and Indices. Earn 4.75% interest on GBP uninvested funds. Applying for an account is quick and easy with a secure online form, and you could be trading within minutes. Multilingual customer support team is ready to help you – 24h hours a day from Monday to Friday. XTB is one of the largest stock exchange-listed FX brokers in the world with 1 million+ customers and over 20 years of activity in the financial markets. Capital at risk
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- Fund Choice: Choose from over 3500+ stocks & funds
- Invest From: £1
Good to know: Choose from over 3500+ stocks & funds. Free ETFs; No Lightyear execution fees on ETFs and earn 3% on uninvested cash. Move interest into high interest Vaults; Earn interest from high interest Vaults. Money is invested into BlackRock Money market funds, currently paying 4.89% AER (as 17th January 2025). There would be ongoing execution/FX charges based on pricing – FX fees may apply. Capital at Risk. The value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Tax treatment depends on individual circumstances and all tax rules may change in the future
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- Trade From (frequent trader rate): £3.50
- Trade From (standard trader rate): £5.00
Good to know: Invest in over 2,000 funds, shares and more across 25 markets. Invest from £25 per month. Which? Recommended Provider for Investment Platforms 2019–2023. Low-cost online dealing from £1.50. Open your account in minutes from app or website, manage your portfolio on the move. FSCS protected. Capital at risk
- Trade From (frequent trader rate): £5.95 per trade - 20 trades + pm
- Trade From (standard trader rate): £11.95 per trade
Good to know: Online trading charges based on previous month’s activity. 20+ trades made in previous month is £5.95 a trade. 10-19 trades are £8.95 a trade. Less than 10 trades it’s £11.95. Get Access to live prices. Easy set up – Buy & sell shares in minutes! Capital at risk. *HL will refund their annual account charge – no questions asked.
- Trade From (frequent trader rate): £3.00
- Trade From (standard trader rate): £8.00
Good to know: Pay zero commission on US share trades, and just £3 on UK share trades, when you trade three or more times a month with IG. No admin or transfer fees. Custody fee of £24 per quarter, charged if you hold share dealing or ISA assets at the end of the quarter. Capital at risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider
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- Fund Choice: Invest in UK, US and international shares & funds
- Invest From: £2
Good to know: Commission-free investing: No fees for buying or selling stocks (other charges may apply). Support: Fast and friendly customer support. A wide range of investments: 6,100+ US, UK, and European stocks, ETFs, and investment trusts. Low monthly fees: From £4.99/month. Capital at risk. Other charges may apply. *T&C’s apply
- Trade From (frequent trader rate): £3.00
- Trade From (standard trader rate): £3.00
Good to know: Low cost share trading ISA platform. Sign up in minutes. £3/€3 per trade for UK & most European stocks.US stocks start from $0.005 per trade. Low currency conversion fees. Fractional US or European share dealing. IBKR ISAs provide access to global markets and tools like GlobalAnalyst help you diversify your portfolio internationally. Your account is protected under the US Securities Investor Protection Corporation up to $500,000 (subject to a cash limit of $250,000). Capital at Risk
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Review:
With a HSBC Share dealing account you can kickstart your portfolio with a flexible account that allows you to buy, sell and hold all your investments in one place.
You can open an account online in a matter of minutes, then manage your investments 24/7 via their website or app. Alternatively you can always speak to a person using their helpdesk.
What do HSBC Offer:
General Features:
- Wide Investment choice
- Expert analysis
- Smart mobile app
- Flexible investing
Sharedealing Features:
- Live UK share prices
- Price improvement service
- Interactive share charts
- Stop loss and limit orders
- Watchlists
What are HSBC Share Dealing Costs?
HSBC offer competitive pricing on their Share Dealing ISA accounts, such as:
- Online trading rates of £10.50
- Frequent trader rates of £7.95
- Quarterly account fee of £10.50
- Other charges, such as UK Stamp Duty Reserve or PTM Levies might apply.
How much you pay for online share dealing is determined by how many trades you placed in the previous calendar month.
Choosing a share dealing ISA provider
Every share dealing ISA provider offers something different, so it’s well worth doing some background reading before investing. The provider you choose will depend on your personal investment goals, attitude to risk, and the level of control you want to have over your funds.
If your priority is flexibility, some share dealing ISA providers offer…
- Online, phone or mobile app trading, so you can keep track of your investments wherever you are.
- No inactivity penalties, so you can leave your investments untouched without incurring any charges.
- A wide range of investment options to help you create a balanced portfolio and assess risk.
- Both UK and international deals, allowing you to access a broader range of potential investment opportunities.
- Share price alerts to help you stay on top of the market easily.
- A nominee account which allows you to manage your investments all in one place while your ISA provider takes care of the administration.
- Trading tools and access to research.
- As well as ISA accounts most providers offer Self Invested Personal Pensions (SIPPs) which can compliment ISA saving. Check with different providers for their charging structures which can vary.
- Something else to look out for is whether the provider will pay interest on cash. While you decide on which investment are right for you knowing you are getting interest on any cash balance is a bonus.
If your priority is value for money, some share dealing ISA providers offer…
- Low or non-existent set-up fees.
- Low administration charges.
- Low minimum monthly investments.
- A quote-finding service to help you get the best price for your shares on the market.
- Discounts for frequent traders – for example, your individual dealing fee may be reduced if you complete a certain number of share transactions per month. So, if you make 10 or more deals in one month, you might receive a discount on each deal you make the following month.
- Discounts for regular investors – you may be offered a discount on dealing fees, provided that you regularly invest a certain amount each month.
Most providers tend to offer a mixture of the above benefits, so it’s worth researching your options.
5 things to look out for when picking a share dealing platform for your ISA
- While trading fees is often the first thing you might look at – cheapest is not always best. Make sure the platform provider offer the services you require.
- Platform functionality is improving all the time
- If you want to invest in funds check the providers charging structure – this can vary significantly from one provider to the next. Hargreaves Lansdown have an extensive range of funds where they have negotiated fund discounts for their investors.
- If you want to invest in ETFs or international shares make sure the platform offers this
- Do plenty of research before choosing a home for your money.
Why invest using an ISA
The current ISA allowance is £20,000 which means for a couple you can invest a whopping £40,000 into an ISA which will be sheltered from tax. Under current legislation that means you will not pay any income tax on interest or capital gains tax on any realised gains when money is taken out the ISA.
Using a share dealing ISA or self select isa as they are often called provides investors with a lot of control – recent platform developments give investors the tools to be fully informed before they make investment decisions. Utilising your annual ISA allowance makes a lot of sense in maximizing your returns.