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iWeb Stocks and Shares ISA

By: Jennifer Laird | Updated: 12th April 2021.

Great for: experienced investors looking for a simple, low -cost ISA
4.5 stars question mark

iWeb Stocks and Shares ISA

iWeb Logo

For investors with a little more experience, the iWeb Stocks and Shares ISA shouldn’t be ignored. Operated by Halifax Share Dealing, this ISA offers a wide range of tax-efficient investment opportunities at a highly competitive price.

WHAT YOU NEED TO KNOW

  • There’s access to investments across seven world markets
  • You can invest up to £20,000 per tax year
  • Access to risk management tools
  • *Although it costs £100 to open an account, you won’t pay any annual administration fees
  • **When you sell or buy any international stock, iWeb converts the price into GDP, adjusts the exchange rate by 1.5%, and keeps the difference as commission

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

what we like

  • No annual administration fees
  • Includes a free Share Dealing Account
  • No Capital Gains Tax on any potential profits
  • PLATFORM FEE:

    £100*
  • Share dealing charge:

    £5**

WHAT YOU NEED TO KNOW

  • There’s access to investments across seven world markets
  • You can invest up to £20,000 per tax year
  • Access to risk management tools
  • *Although it costs £100 to open an account, you won’t pay any annual administration fees
  • **When you sell or buy any international stock, iWeb converts the price into GDP, adjusts the exchange rate by 1.5%, and keeps the difference as commission

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. Remember that taxes can be complicated and the tax benefits of this, or any, product depends on your personal circumstances. Tax rules are subject to change.

Our bottom line

For investors with a little more experience, the iWeb Stocks and Shares ISA shouldn’t be ignored. Operated by Halifax Share Dealing, this ISA offers a wide range of investment opportunities at a highly competitive price.

While there’s no mobile app available just yet, the website is easy to navigate and you’ll have access to shares, gilts, stocks and ETFs across multiple world markets. It’s a solid option for investors who know what they’re looking for and want a cheap ISA to invest through.

Remember, if you’re ever unsure about the suitability of an investment for your own circumstances, please seek independent financial advice first.

Top feature of iWeb’s Stocks and Shares ISA

What’s most impressive about iWeb’s offering is the price. Although it costs £100 to open an account, you won’t pay any annual administration fees, and you only pay £5 commission for every UK trade.

It doesn’t matter how active you are, or how much your portfolio grows, either – you don’t pay any extra platform fees. And you won’t pay inactivity fees if you’re an infrequent trader.

Since it’s an ISA, you’re limited to investing £20,000 per tax year. However, the low account opening fee makes it highly accessible to many investors, and it comes with a Share Dealing Account at no extra cost. If you hit the investment cap for the ISA product, you can keep investing through your second account.

While it may not be the best value ISA for highly active investors making multiple trades per day, it’s worth considering if you trade less frequently (but enough over time to minimise that £100 opening fee).

iWeb’s ISA commission prices

There’s a single pricing structure. You pay £5 on every trade you make. If it’s an international purchase or sale, iWeb converts the price into GDP and adjusts the exchange rate by 1.5%. They take the difference as their fee.

If you make any dividend reinvestment purchases, they’re capped at 2% of the dividend value, up to a maximum of £5 per stock.

Fees you should know about

Compared with other traditional brokers, the fees are really simple. You pay a one-off joining fee of £100, then there’s a 0.5% UK Government stamp duty on any UK shares you buy on top of your trading fees.

It’s free to set up a TradePlan with your ISA to help you stop losses or limit orders.

iWeb won’t charge you for transferring your ISA from another provider (although your provider might).

Buying shares, ETFs and funds with an iWeb Stocks and Shares ISA

There’s a good range of stocks, shares, trusts and ETFs available across seven different markets in Europe, the UK and the US.

Just so you’re aware, you can’t access emerging markets in, for example, Asia.

iWeb Stocks and Shares ISA platform

It’s easy to set up an account. All you do is apply online and you’ll get your ISA plus your Share Dealing Account.

Once you’re registered, the platform is simple to navigate and you can access it on your phone, albeit there’s no mobile app.

All in all, the platform is fairly basic, but it does what you need it to do.

iWeb’s ISA research offerings

The Shares and Funds Centre lets you search for investments and the latest share prices. There’s also a Markets and Insights hub, online support and some fairly detailed charting available.

The platform makes it clear that no investment comes without risk, which is of course critical to remember. Keep in mind too that any investment information and expert opinion provided on iWeb’s website is not personal advice and is designed for investors who are happy making their own investment decisions. If you’re unsure about the suitability of an investment for your circumstances, you’ll want to seek out your own independent financial advice.

Things to watch out for

You won’t find any model or pre-made portfolios on the platform. So, you really need to know what you’re going after and what your strategy is before you get started.

If you’re trading internationally, remember exchange rates fluctuate, which can affect the commission you pay iWeb on these trades.

Finally, if you’re a really active trader, £5 per transaction adds up quickly, so it might not be cost-effective.

Service and support

There are some guides available online, and account holders can access web chat between 8am and 9pm, Monday to Friday. You can also reach the team by telephone.

Is an iWeb Stocks and Shares ISA right for you?

If you already know what you’re doing and don’t care about pre-made portfolios, then maybe. There’s a great range of diverse investment opportunities in the core markets, and it’s decent value for money.

However, it’s not the most sophisticated platform out there, and you might find the lack of a mobile app frustrating if you’re on the move. New investors might find it all a little overwhelming, since there’s not much signposting or help for getting started.

All that said, the one-off account charge and low trading fees makes it a serious contender for those investors looking for a no-fuss, cost-effective way to invest.

Great for: experienced investors looking for a simple, low -cost ISA
4.5 stars question mark

iWeb Stocks and Shares ISA

iWeb Logo

For investors with a little more experience, the iWeb Stocks and Shares ISA shouldn’t be ignored. Operated by Halifax Share Dealing, this ISA offers a wide range of tax-efficient investment opportunities at a highly competitive price.

WHAT YOU NEED TO KNOW

  • There’s access to investments across seven world markets
  • You can invest up to £20,000 per tax year
  • Access to risk management tools
  • *Although it costs £100 to open an account, you won’t pay any annual administration fees
  • **When you sell or buy any international stock, iWeb converts the price into GDP, adjusts the exchange rate by 1.5%, and keeps the difference as commission

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. Remember that taxes can be complicated and the tax benefits of this product depends on your personal circumstances. Tax rules are subject to change.

what we like

  • No annual administration fees
  • Includes a free Share Dealing Account
  • No Capital Gains Tax on any potential profits
  • PLATFORM FEE:

    £100*
  • Share dealing charge:

    £5**

WHAT YOU NEED TO KNOW

  • There’s access to investments across seven world markets
  • You can invest up to £20,000 per tax year
  • Access to risk management tools
  • *Although it costs £100 to open an account, you won’t pay any annual administration fees
  • **When you sell or buy any international stock, iWeb converts the price into GDP, adjusts the exchange rate by 1.5%, and keeps the difference as commission

DISCLAIMER

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. Remember that taxes can be complicated and the tax benefits of this, or any, product depends on your personal circumstances. Tax rules are subject to change.