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Traders Thread - Week commencing Monday 26th November 2018 (TRAD)
skinny
- 25 Nov 2018 09:15
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skinny
- 25 Nov 2018 09:15
- 2 of 47
dreamcatcher
- 26 Nov 2018 05:33
- 3 of 47
Good morning.
skinny
- 26 Nov 2018 06:58
- 4 of 47
kimoldfield
- 26 Nov 2018 07:04
- 5 of 47
Good morning!
Stan
- 26 Nov 2018 07:52
- 6 of 47
Morning all.
CC
- 26 Nov 2018 07:57
- 7 of 47
Good morning
skinny
- 27 Nov 2018 06:39
- 8 of 47
kimoldfield
- 27 Nov 2018 06:59
- 9 of 47
Good morning!
CC
- 27 Nov 2018 07:32
- 10 of 47
Good morning
Stan
- 27 Nov 2018 08:27
- 11 of 47
Morning all.
skinny
- 27 Nov 2018 18:44
- 12 of 47
Stan
- 28 Nov 2018 06:29
- 13 of 47
Morning all.
dreamcatcher
- 28 Nov 2018 06:38
- 14 of 47
Morning, early rise Stan. lol
Claret Dragon
- 28 Nov 2018 06:40
- 15 of 47
Morning. Might get a lift up today!!! Hope so.
Stan
- 28 Nov 2018 06:45
- 16 of 47
No D/C, I'm his masters butler good day to you and nice to meet you..I think 🙃
kimoldfield
- 28 Nov 2018 07:09
- 17 of 47
Good morning!
CC
- 28 Nov 2018 07:54
- 18 of 47
Good morning
skinny
- 28 Nov 2018 07:58
- 19 of 47
skinny
- 28 Nov 2018 09:27
- 20 of 47
CC
- 28 Nov 2018 10:46
- 21 of 47
Does anyone have any views on AJ Bell/YouInvest? I'm thinking of moving to HL
Currently I have 2 accounts with AJ Bell (SIPPs) and 3 with Hargreaves Lansdown (ISA and Trading)
I'm a bit frustrated with AJ Bell tbh. The headline price per trade is £2 cheaper and the SIPP charge £80 per year but I find their trade execution frustrating. Now £2 per trade and £80 per year would suggest that I could put up with a bit of inferior trade execution but I've reached the point that I don't think that's enough.
If I want to trade highly liquid FTSE100, there isn't any difference, so might as well take the £2 saving
If I trade stocks down the lower end of the FTSE250 particularly if the daily volume is low compared with the market cap, HL beat AJ Bell by a long way. Earlier in the year I had particular problems with SBRE where HL gave me a great price inside the spread for volume over that on the book, yet when I went to sell roughly the same amount with AJ Bell a few hours later I couldn't even get an on-line quote even though there was more volume on the book than I wanted to sell. They wouldn't even execute a limit bid with sufficient volume on the book within 15 minutes. Even phone dealing with sufficient volume on the book took two phone calls and 20 minutes, although by the time they actually filled me, they did give me a surprisingly good price.
I have had the same problem any number of times with CTO, which has a market cap of £35m. HL will happily give me a quote generally aligned to what's on the order book (sometimes much better if there's hidden icebergs) whilst AJ Bell often restrict their quotes to low volumes.
It seems to me AJBell are using far less MarketMakers than HL. Sometimes it doesn't matter as whoever AJB Bell use are the dominant MM at the time, at other times it's a mare.
Anyone want to dissuade me from moving or suggest an alternative?
Currently I have 2 accounts with AJ Bell (SIPPs) and 3 with Hargreaves Lansdown (ISA and Trading)
I'm a bit frustrated with AJ Bell tbh. The headline price per trade is £2 cheaper and the SIPP charge £80 per year but I find their trade execution frustrating. Now £2 per trade and £80 per year would suggest that I could put up with a bit of inferior trade execution but I've reached the point that I don't think that's enough.
If I want to trade highly liquid FTSE100, there isn't any difference, so might as well take the £2 saving
If I trade stocks down the lower end of the FTSE250 particularly if the daily volume is low compared with the market cap, HL beat AJ Bell by a long way. Earlier in the year I had particular problems with SBRE where HL gave me a great price inside the spread for volume over that on the book, yet when I went to sell roughly the same amount with AJ Bell a few hours later I couldn't even get an on-line quote even though there was more volume on the book than I wanted to sell. They wouldn't even execute a limit bid with sufficient volume on the book within 15 minutes. Even phone dealing with sufficient volume on the book took two phone calls and 20 minutes, although by the time they actually filled me, they did give me a surprisingly good price.
I have had the same problem any number of times with CTO, which has a market cap of £35m. HL will happily give me a quote generally aligned to what's on the order book (sometimes much better if there's hidden icebergs) whilst AJ Bell often restrict their quotes to low volumes.
It seems to me AJBell are using far less MarketMakers than HL. Sometimes it doesn't matter as whoever AJB Bell use are the dominant MM at the time, at other times it's a mare.
Anyone want to dissuade me from moving or suggest an alternative?
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