Online trading industry broker IG Group Holdings plc (LON:IGG) has announced that it is offering commission free trading on all ETFs held in ISA accounts, allowing investors to buy and sell them for free during March and April.
IG’s ISA offer allows new and existing customers to trade from a range of more than 1,200 ISA eligible Exchange Traded Funds (ETFs) commission free, giving investors access to a comprehensive range of equity indices, sectors, commodities, bonds and currencies.
The offer is available to all investors with an IG Stocks & Shares ISA. It will run from today until 30 April 2017, allowing investors to take advantage of commission free trading in both this tax year and next. New investors need to have opened an account before 30 April 2017.
IG is preparing for the launch of its discretionary managed investments service, in partnership with BlackRock, the world’s largest investment manager. The company received its licence for this service in January 2017 and it will initially offer a range of passive ETF-based smart portfolios built on low-cost BlackRock ETFs.
Ian Peacock, Head of UK and Ireland at IG Group:
This is a simple way for investors to invest in an index, asset class or sector, while also ensuring returns aren’t being eroding by high fees or hidden charges. ISA’s are a critical part of ones savings and investments strategy. It is not only important to start saving early but also to invest in a diversified way to ensure your goals are met.
High fees and hidden charges compounded over time eat into investors returns. The low cost and transparent nature of ETFs makes these products ideal building blocks for an investment portfolio offering diversification across geographies, asset classes and sectors.
IG are offering commission free ETF trading to support this belief and will imminently launch IG Smart Portfolios, a range of pre-constructed risk graded ETF portfolios to suit investors needs in partnership with Blackrock.
Investors can also trade more than 9,000 individual stocks with IG at low commission rates, starting from £5, and no platform fees.
IG Group does not charge exit fees for any of its investment accounts and strongly believes such fees are unfair to the consumer and obstruct competition in the investment industry.
For more information on the IG Group Stocks and Shares ISA and its share dealing platform, the website can be accessed at www.ig.com/ISA.