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Quarterly custody fee and US trading


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Hi all, 

The terms of the share dealing commission rates and custody fee are such that:

If 3 trades are made in the month prior, the "best rate" is obtained, and; 

If 3 trades are made in the previous quarter, there is no quarterly custody fee. 

 

Therefore, am I right in thinking that we can make 3 US trades (from the UK) per month which will be free from commission, and also avoid the custody fee simultaneously? 

 

Thanks in advance.

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On 14/04/2020 at 12:07, HJackson said:

Hi all, 

The terms of the share dealing commission rates and custody fee are such that:

If 3 trades are made in the month prior, the "best rate" is obtained, and; 

If 3 trades are made in the previous quarter, there is no quarterly custody fee. 

 

Therefore, am I right in thinking that we can make 3 US trades (from the UK) per month which will be free from commission, and also avoid the custody fee simultaneously? 

 

Thanks in advance.

You're correct. 

If you're placing the trades to give you the free US commissions (These have to be 3 US trades) then place trades in the next month for free these all count towards your quarterly fee meaning you will not have to pay your quarterly fee. 

All the best. 

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Ok. I was under the impression that it could be any 3 trades (i.e. 2 UK and 1 US) which would give you the best rate across both types of shares as I don't believe this is explicitly stated anywhere in the terms? 

Thanks for clearing that up. 

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