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Hi IsaTrader,

who do you use to trade US stocks with you being based in the UK?

I recently moved to H&L and im finding them costing quite a bit when trading US stocks. My cost per trade is down to around £6, which is bearable. It is the FX charges which will hit be long term. Its a 1% charge, so if I trade say $10k that is £100 cost per trade, and then there is another hit on the sell side (so 2% overall). I've already been charged several thousand on FX charges since I moved to H&L early in the year.

Im looking at Trading 212 which has no trading costs and no FX charges - Im assuming it has the same coverage of US stocks that H&L has.

Thanks

Yes, I moved my Isa from HL to II as at the time HL were 1.5% for FX charges (3% for each buy and sell then) and II were 1%.  However, HL then dropped its charges to 1% and II upped theirs (very hidden) to 1.5%.  The fx charges are much more significant than the other charges.

One other thing to look out for is order types.  II is much better there, as you can have buy limit and stop loss orders with II (specific to US stocks and of course UK has the best range of order types).  HL does not.  I'm looking at moving owing to the charges.