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iWeb Stocks and Shares ISA *

By:  Jennifer Laird | Updated: 31st August 2021.

Great for: investors looking for a simple, low-cost Stocks and Shares ISA

4.5 stars question mark

iWeb Stocks and Shares ISA *

iWeb Logo
Apply Now!

On iWeb's Secure Website

* Affiliate partner

For beginner & intermediate investors, the iWeb Stocks and Shares ISA account shouldn’t be ignored. Operated by Halifax Share Dealing, this account offers a wide range of tax-efficient, lower cost investment opportunities. However, limited access to foreign markets might frustrate more adventurous investors.

Risk Warning

Investments involve various risks, and you may get back less than you put in. Tax benefits depend on individual circumstances and tax rules, which could change.

More details [+]

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. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Basic platform with no mobile app
  • Access to investments across seven world markets
  • † One-time £100 fee when you open an account, but you won’t pay any annual administration fees
  • ‡ If you sell or buy any international stock, iWeb converts the price into GBP, adjusts the exchange rate by 1.5%, and keeps the difference as commission
  • Invest up to £20,000 per tax year into an ISA
  • Access to research tools

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Low commissions and no platform fees
  • No penalties for inactivity
  • UK based telephone and live chat available 5 days a week
  • PLATFORM FEE:

    £0.00†
  • Share dealing charge:

    From £5‡

Risk Warning

Investments involve various risks, and you may get back less than you put in. Tax benefits depend on individual circumstances and tax rules, which could change.

- More details

WHAT YOU NEED TO KNOW

  • Basic platform with no mobile app
  • Access to investments across seven world markets
  • † One-time £100 fee when you open an account, but you won’t pay any annual administration fees
  • ‡ If you sell or buy any international stock, iWeb converts the price into GBP, adjusts the exchange rate by 1.5%, and keeps the difference as commission
  • Invest up to £20,000 per tax year into an ISA
  • Access to research tools

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Our bottom line

For beginner & intermediate investors, 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 lower cost. However, its limited access to foreign markets might frustrate more adventurous investors.

While there’s no mobile app available, 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 lower cost Stocks and Shares 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 the iWeb Stocks and Shares ISA

One of the features that stands out 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 share 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 could make additional trades in the Share-Dealing account.

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

iWeb Stocks and Shares ISA commission prices

There’s a simple pricing structure for shares. You pay £5 commission for every trade you make. If you sell or buy any international shares, iWeb will convert the price into GBP, adjust the exchange rate by 1.5%, and keep the difference as commission. (This is charged in addition to the standard £5 trading fee.)

If you make any dividend reinvestment purchases, are charged 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.

There are no platform fees and no penalties for inactivity. This can prove advantageous for buy-and-hold or infrequent traders. After your account is launched, you therefore won’t have to worry about platform or activity fees eroding your account balance, should you follow a ‘set and forget’ approach, or if you trade infrequently.

If you choose to invest in funds, you will be charged the standard £5 trading commission for each fund trade that you make. For each fund that you hold, you will pay ongoing charges and transactions costs to its fund manager every year. Both of these charges are deducted directly from the value of your fund holding by the fund manager. As a guide, ongoing charges typically range between 0.25% to 1.5% of your investment’s value, plus a further 0.5% to cover the transaction costs. (The exact amounts are listed in each fund’s documentation on the iWeb website.)

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 existing ISA 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’s share dealing platform

It’s easy to set up an account. All you do is apply online and you’ll get your Stocks and Shares ISA, and a 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 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 iWeb’s UK based telephone and live chat helpline is open 8am-9pm, Monday to Friday.

There’s also a text phone service for those with speech and hearing difficulties (open 8am-5pm, 5 days a week).

Is an iWeb Stocks and Shares ISA a good choice for you?

If you’re happy to overlook the lack of pre-made portfolios, then maybe. There’s a great range of diverse investment opportunities in the core markets available, 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 make it a serious contender for those investors looking for a no-fuss, cost-effective way to invest.


The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. Also, while we aim to feature some of the best products available, we do not review every product on the market. Learn more here. Any opinions or statements in this article belong to the author, and may be shared by The Motley Fool, however they were not provided or endorsed by our affiliate partners, unless expressly indicated.

The Motley Fool has recommended Lloyds Banking Group shares.

Great for: investors looking for a simple, low-cost Stocks and Shares ISA

4.5 stars question mark

iWeb Stocks and Shares ISA *

iWeb Logo
Apply Now!

On iWeb's Secure Website

* Affiliate partner

For beginner & intermediate investors, the iWeb Stocks and Shares ISA account shouldn’t be ignored. Operated by Halifax Share Dealing, this account offers a wide range of tax-efficient, lower cost investment opportunities. However, limited access to foreign markets might frustrate more adventurous investors.

Risk Warning

Investments involve various risks, and you may get back less than you put in. Tax benefits depend on individual circumstances and tax rules, which could change.

More details [+]

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. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Basic platform with no mobile app
  • Access to investments across seven world markets
  • † One-time £100 fee when you open an account, but you won’t pay any annual administration fees
  • ‡ If you sell or buy any international stock, iWeb converts the price into GBP, adjusts the exchange rate by 1.5%, and keeps the difference as commission
  • Invest up to £20,000 per tax year into an ISA
  • Access to research tools

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Low commissions and no platform fees
  • No penalties for inactivity
  • UK based telephone and live chat available 5 days a week
  • PLATFORM FEE:

    £0.00†
  • Share dealing charge:

    From £5‡

Risk Warning

Investments involve various risks, and you may get back less than you put in. Tax benefits depend on individual circumstances and tax rules, which could change.

- More details

WHAT YOU NEED TO KNOW

  • Basic platform with no mobile app
  • Access to investments across seven world markets
  • † One-time £100 fee when you open an account, but you won’t pay any annual administration fees
  • ‡ If you sell or buy any international stock, iWeb converts the price into GBP, adjusts the exchange rate by 1.5%, and keeps the difference as commission
  • Invest up to £20,000 per tax year into an ISA
  • Access to research tools

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.