August 27, 2014

DIY Fund platforms begin promotions including free ISAs

Online stockbrokers have commenced a number of promotions aimed at attracting DIY investors from rival fund platforms.

Topping the list of promotions is a new incentive from AXA Self Investor which is waiving a 0.5% Stocks and Shares ISA administration charge until May 2015. With no exit fees, AXA is inviting DIY investors to try out its offering without any strings attached. The platform also has no charges when buying and selling funds.

Rival Alliance Trust has also commenced a £150 cashback offer for those who transfer existing Stocks and Shares ISAs or investment dealing accounts to their platform.

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