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What are ancillary costs?


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Under my ISA annual charges statement, there is a significant "ancillary costs" figure for the past year. Could someone help me understand what comes under this? 

I have been mainly trading UK and US individual stocks.

 

Thanks

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  • 2 weeks later...

Hi @BigDeal @crystak

The ancillary costs consist of Custody fee and currency conversion. 

Currency conversion: When your trade requires conversion of one currency to another, we charge a currency conversion fee, added on to the conversion itself.

Custody fee: A fee charged if you hold investments on a share dealing account or ISA at the end of a quarter, and have traded fewer than three times in that quarter. The fee does not apply if you only hold cash on your account, and any commission you pay reduces the fee by the relevant amount.

 

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