AXA Elevate cuts trading costs after striking deal with Winterflood

AXA Elevate has teamed up with Winterflood Business Services to cut the cost of trading securities including ETFs across the platform by moving to an aggregated system.

The group has struck a deal with Winterflood - which replaces Self-Trade - in a move which will bring down the cost of buying and selling investments across the platform. Under the old pricing structure Elevate charged £12.50 for each buy and each sell carried out, meaning selling an ETF and switching into a new product cost £25. Now the group has introduced aggregation - a system already in place among a number of peers - to cut the cost of investing via the platform. The top price of buying a ETF has been cut to £10.50 when there is no aggregation possible, but if there are more ...