Hey guys, it's sasha stocks and shares isa accounts are the best way to invest in the stock market in the uk. If you want to avoid paying taxes, however, a lot of the information on this topic is really unclear. A lot of comparison, websites and reviewers out there will promote different stocks and shares isis that are really not very good options at all. So i'm going to give you a roundup of the actual best stocks and shares isis available in the uk at the moment.

Just very briefly, this video is just based on my opinion. I am not a financial advisor and i can't provide financial advice to you, but this opinion that i have is based on my genuine view of what the best options out there are so feel free to make up your own mind, i'm just going to be sharing What my view is now before we get into the list? I am not going to talk about the vast majority of stocks and shares isa accounts that exist in this video and here is why i won't be talking about managed portfolio stocks and shares isis. These are the likes of money, farm wealth, simple money, box, nutmeg and all the rest of them there's quite a few. This is because i don't think these platforms are actually good options.

They consistently return much lower returns that you can get by just investing in something very straightforward. Like the s p 500 index, which is the list of the 500 largest companies in the united states or any other broad market index, their risk managed portfolios still lose a huge amount of money when markets crash. So they don't really do anything to mitigate those risks. By being more diversified and more expensive - and you do have to pay eye-wateringly expensive annual fees for the privilege of being able to earn far less per year than if you use these other platforms that i will be talking about - that don't charge these fees.

So that's why they're not included. I will also not be talking about the old-school platforms that are really expensive. These are companies like hargreaves, lansdowne, aj, bell and interactive investor, and the fees on these platforms are just ridiculous. Some will charge you as much as 12 pounds per trade when you buy or sell stocks, others will charge you really expensive.

Monthly account fees and many of them have foreign exchange fees that are like one percent, which is crazy high. There are very, very tiny cases where somebody might want to invest a very large amount in one lump sum where they might be good, but for 99 of people they really are not. I will also not talk about any platforms that have questionable ethics, use, base and switch tactics or have seven month long, wait lists. Lastly, i won't be mentioning platforms that could be competitive, but don't actually do isis.

These are platforms like interactive brokers, stake or etoro. So, after all of that, there aren't actually that many remaining contenders, i won't make you wait. So i'm going to start with the best overall option and then i'll mention some of the others. Now there are pros and cons to each of these options, so you might actually prefer one of the later options that i'm going to come to, depending on how much you want to invest what you want to invest into and how frequently you want to make those Investments and, let's start with the best one, the best all-round option for a stocks and shares isa in the uk at the moment is free trade.

Free trades. Isa allows you to invest in thousands of different options and the price is pretty reasonable. There are two fees that you need to know about: they have a three pound per month, isa account fee and there is also a foreign exchange fee if you want to buy stocks that are not priced in pounds now that foreign exchange fee is not 0.45 per Trade, so you have to pay it when you buy a stock and you'll also have to pay it when you sell, so it isn't free and it isn't super cheap, but it's still really quite good compared to the others. Now, at the moment, free trades app is somewhat basic.

There is not a huge amount of information about the stocks and you have to do your research elsewhere. It can also be a little bit slow at times and at the moment there is no desktop version, although they do keep saying that it's going to be coming at some point soon, but the company also stands out for having really strong ethics. They don't even lend shares out in their general, invest, accounts out of principle, and the ceo is extremely vocal on doing the right thing, which i personally really like. Now.

I really like free trade, and i think that at the moment, based on everything that i'm going to be talking about in just a second, they are the best stocks and shares isa account out there. If you want to sign up with free trade, either the iso just the free invest account, you can go and use my link in the description below to get yourself a free share worth up to 200 pounds so feel free to test it out to see. If you do like it or not, and get that free share in the process, if you want to now next up, another platform is a vanguard. Now vanguard is a much more restricted platform, you can only buy vanguard funds and you can't buy any individual stocks or any other funds on the platform.

But if you do just want to invest in a vanguard file like, for example, the s p 500 vuser fund - that they do, which is very popular vanguard, is a really great option. They don't charge any transaction fees, there's no other cost. The only fee that you have to pay with vanguard is not 0.15 per year as the account fee, and that is really not bad at all. If you're, just starting out with your isa and you're, not moving a lot of money over vanguard, will be cheaper than free trade.

The three pound per month fee that free trade charges only becomes cheaper than vanguard's 0.15 fee for isis that have over 24 000 pounds. In them, so if you just want to invest in one of the vanguard funds, if you're not planning to have a large amount of money in it, vanguard will be the cheaper option. Now. Another new option on the market is orca and i'm going to talk about them.

You might not have heard of them, but they also offer stocks and shares isis and they have a slightly weird charging structure of paying one pound per 1 000 pounds that you trade. Now their fees are not very easy to find. You have to find the isa key features document right to the bottom of the website and scroll down to schedule one. So if you buy 10 pounds of the stock, it will cost you one pound.

If you buy 950 pounds of the same stock, it still only costs you one pound, but if you buy one thousand and one pounds, it'll then cost you two pounds to make that transaction. An orca only has a relatively small selection of stocks in ets that trade on the london stock exchange, so you can't buy u.s stocks or anything else now. The summary is this: if you only want to invest in uk stocks - and you only want to buy maybe into one or two of them per month, then orca will actually be cheaper than free trade, but only being able to invest in uk stocks. In this way, my opinion is somewhat restrictive.

Now orca doesn't actually charge any ongoing account fees which separates them from the others. So if you want to invest, for example, in the s p, 500 orca might be cheaper than vanguard. So if you make one deposit per month, for example, then orca becomes cheaper than vanguard when your portfolio is over eight thousand pounds as long as your deposits are under one thousand pounds each. That is because then you're only paying one pound each time.

But if you only make a deposit every other month, so you only make six trades per year, then orca becomes cheaper after four thousand pounds of manga. Now remember that if your portfolio grows and if you make continuous investments over a long period of time, you will then get stung by the selfie. When you sell out of your positions and it's one pound per 1000 pounds. So that will add up and you'll be paying somewhere over 0.1 percent as the fee to sell out to get your money back out now.

Two other options that i know people will ask me about or talk about, are ig and finneco. If you really don't like the options that i've just given you so far, these are the next best ones, but they really are quite a long way from the good ones that i've just been mentioning and that's why they're at the bottom of this list, ige charges Not 0.5 foreign exchange fees and their structure is quite weird on fees. It encourages you to trade frequently, and if you don't frequently trade, then you'll have to pay quite expensive trade and custody fees and for stocks and shares iso. Can i think, for 99 of people, active trading is really not a good strategy.

So that's why i am not necessarily a big fan of ig. If you just leave the money there then suddenly is going to become quite expensive. Now fineco are very crafty with their fees. If you look at their iso section, it looks super cheap.

It looks really good until you notice the small print that says there are also transaction costs that are the same as the invest account and those transaction fees are pretty expensive. It's 2.95 per uk share and 3.95 per us share, plus the 0.25 annual fee on top, which makes this much more expensive than the other options that i talked about earlier. So the summary is this: free trade is the best option overall, and you can get a free share if you sign up using my link in the description below, if you only want to invest in vanguard funds and your isa will have less than 24 000 pounds In it, then vanguard will actually be the cheaper option or if you only want to invest in uk stocks and no other thing with only maybe one to two trades per month, then orca might be a little bit cheaper than free trade. Now remember, you can only deposit money into one stocks and shares ice up a financial year, so you can't open loads of them unless you move platforms and you can only invest up to 20 000 pounds per year into your isa.

But then, if you do invest that money, you get to not pay any capital gains or dividend tax on those investments. If you found this video useful, please don't forget to smash the like button for the youtube algorithm. Thank you so much for doing it and also thank you so much for watching all the way to the end. Thank you and i'll see you guys later.

You.