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| And no, their commissions aren't flat. | |
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I understand that the FX spread on Internaxx is an issue, but I understand that for investing in funds, the there are no charges. That seems 'flat' to me.
There is the fund manager's charge of course. As I invest in funds, I can't see how I can avoid that charge, wherever I deal. Looking at fund data I can see that there are differing manager charges for the same fund. There are some units which do have lower charge rates, but they are probably for institutions with trade minimums which are outside of my league.
I did look at IBS, but I find that it is very complex for my simple requirements. I was also put off by the fact that I couldn't see any details of the funds that I would be able to invest in. Perhaps I will be told that I can invest in any fund that I choose, but without signing up to them I couldn't find any way to see what their universe might be.