Axa Elevate cuts trading costs after striking deal with Winterflood

The group has struck a deal with Winterflood - which replaces Self-Trade - in a move which will bring down the cost of buying and selling investments across the platform. Under the old pricing structure, Elevate charged £12.50 for each buy and each sell carried out, meaning selling an ETF and switching into a new product cost £25. Now the group has introduced aggregation - a system already in place among a number of peers - to cut the cost of investing via the platform. The top price of buying a ETF has been cut to £10.50 when there is no aggregation possible, but if there are more...