SIPP Product at Interactive Brokers

This is a discussion on SIPP Product at Interactive Brokers within the Brokerages forums, part of the Commercial category; Excellent point on the UK liquidity issue. I had not got as far as that. I would prefer to use ...

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Old Jan 21, 2011, 12:00pm   #92
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Re: SIPP Product at Interactive Brokers

Excellent point on the UK liquidity issue. I had not got as far as that.
I would prefer to use US ETFs anyway so I need to bottom out the cost issues.
I am contacting Stadia on this and will post when I know more.
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Old Jan 21, 2011, 12:35pm   #93
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Re: SIPP Product at Interactive Brokers

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Originally Posted by britkid99 View Post
Excellent point on the UK liquidity issue. I had not got as far as that.
I would prefer to use US ETFs anyway so I need to bottom out the cost issues.
I am contacting Stadia on this and will post when I know more.
Option 1 is cheap, most other adminisrators charge £350 and upwards but having said that other investment vehicles are covered not just an IB account. Commercial property is an exception, understandibly there are higher charges for this type of investment.
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Old Jan 21, 2011, 6:10pm   #94
 
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Re: SIPP Product at Interactive Brokers

Quote:
Originally Posted by britkid99 View Post
Excellent point on the UK liquidity issue. I had not got as far as that.
I would prefer to use US ETFs anyway so I need to bottom out the cost issues.
I am contacting Stadia on this and will post when I know more.
I will be interested to see what you find out about the costs, as if they are charging $10 for US stocks, when the IB cost is only $1 then that’s a big mark up.
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Old Jan 22, 2011, 12:21am   #95
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Re: SIPP Product at Interactive Brokers

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I will be interested to see what you find out about the costs, as if they are charging $10 for US stocks, when the IB cost is only $1 then that’s a big mark up.
Which broker do you use to trade in your ISA, isatrader?

Thanks
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Old Jan 22, 2011, 12:27am   #96
 
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Re: SIPP Product at Interactive Brokers

Selftrade – I left once to go try cheaper options as it is £12.50 per trade, but I found that the cheaper options were worse, and added percentage based fees to the spread cost (i.e. I wouldn’t get the actual bid/ask price – was always worse that what it should be) which ended up costing much more on each trade. I talked about it a bit in my journal http://www.trade2win.com/boards/trad...-mortgage.html
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Old Jan 22, 2011, 12:34am   #97
 
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Re: SIPP Product at Interactive Brokers

Shame IB doesn’t offer an ISA. I would definitely use it.
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Old Jan 22, 2011, 2:13am   #98
 
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Re: SIPP Product at Interactive Brokers

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Shame IB doesn’t offer an ISA. I would definitely use it.
I would imagine the traders most likely to use an IB ISA would be the ones with larger accounts too. My ISA is about GBP 100k currently (I say this in the hope of getting IB's attention, rather than to boast!).
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