Hubwise reveals fee cap and simplified pricing structure

Revised trading fees

clock • 2 min read

Hubwise will this weekend introduce a simplified pricing structure, including a fee cap, that it says will make it "one of, if not the, most competitively priced platforms in the market".

From 1 July 2017, the existing platform fee of 20 basis points will be capped at £40 per product per month, meaning there will be no further charges above client assets of £240,000. At the same time, trade execution fees for UK-listed investments will be replaced with a £1 settlement fee. Hubwise CEO Angus McDonald said: "We recognise the huge pricing disparity in how platforms charge for their services and have taken innovative steps to change our own pricing for the benefit of the sector. "We have a vision of charging for work done, applying fair and transparent pricing across the b...

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