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“Avoid for Individual US and other foreign Shares”

written by ColinWardle on 04/04/2014

Whilst Hargreaves and Landsdown provide an easy to use platform with a lot of reasonable research. I am not happy with the "hidden Charges" that I have incurred buying mainstream US shares

In short there is a headline "trading fee", currently £8.95 per transaction in reality you pay far far higher charges, as H & L make a large margin on the exchange rate. I have typically paid a total of just over 2% for such transactions. Whilst I understand there are some additional costs associated with these transactions it would be more honest to charge people a flat fee of say £50, which would in most cases be far cheaper.

Unfortunately this is yet another financial services sharp practice that people need to speak up about.

If you want to buy US shares I would advise users to use Interactive Investors platform

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