Trading platform Interactive Investor has introduced a new pricing structure which includes a fixed quarterly trading cost, two trading commission rates and a fixed commission fee for regular investments.
It said both this and a fixed quarterly payment of £22.50 per customer, for trading credits, would underpin the firm's new price structure. The trading credits can be used to pay for all trade commissions, including regular investments and dividend reinvestments. Commission credit can be accrued up to £90, which it said should give greater flexibility on when to trade as customers won't lose unused credits at the end of each quarter. Interactive Investor has also introduced two commission rates - a standard rate of £10 and a £6 rate for those trading an average of 10 times a month. ...
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