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I would like to start trading in LSE, what broker is the best for me to start with? Currently i'm using POEMS but the commission for LSE is very high. thanks.
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thefrugalstudent
17 Feb 2021
Founder at thefrugalstudent.com
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Hi Alicia,
For LSE, you can consider Saxo or IBKR. In my opinion, the key difference is that Saxo charges a custodian fee of 0.12% pa while IBKR charges a 10USD inactivity fee every month, less the commission fees. If you're looking to trade, ie you will make several buy/sell orders every month, IBKR may be a better option for you as your commission fees will likely be higher than the inactivity fee, causing it to be waived.
Hope this helps!
Regards,
thefrugalstudent