What spread or implicit cost applies, and is it disclosed?
Answered for 5 of 12 firms. Published spread data or explicit disclosure of spread as a cost
HARGREAVES LANSDOWN ASSET MANAGEMENT LIMITED
Stated by the firmThe investments you choose may have their own initial and annual charges and a bid offer spread.
The document notes that the investments a customer chooses may have their own initial and annual charges and a bid offer spread.
Published by the firm · Hargreaves Lansdown Asset Management Limited · Check the source
IG MARKETS LIMITED
Verifiedour own bid and offer prices in the case of a Spread Transaction, which will include our Spread Charge (as further detailed in Term 8(4)).
The agreement states that in the case of a Spread Transaction, the prices quoted will include the Spread Charge, as further detailed in Term 8(4).
Binding document · IG Markets Limited · Check the source
Details of the Spread Charge or Commission that we apply when a particular Expiry Transaction is closed are set out in the Product Details and are available on request.
The agreement states that details of the Spread Charge or Commission applied when an Expiry Transaction is closed are set out in the Product Details and available on request.
Binding document · IG Markets Limited · Check the source
You will be charged with a Spread Charge when you open or close a Spread Transaction, which is our fee on top of the Market Spread for a Spread Transaction.
The agreement discloses that a Spread Charge is applied on top of the Market Spread when a customer opens or closes a Spread Transaction, as a fee to the customer.
Binding document · IG Markets Limited · Check the source
'Spread Charge' means our fee charged to you on top of the Market Spread for a Spread Transaction. The Spread Charge will form part of our Bid and Offer Prices in Spread Transactions;
The agreement defines a Spread Charge as the firm's fee charged on top of the Market Spread for a Spread Transaction, forming part of its Bid and Offer Prices.
Binding document · IG Markets Limited · Check the source
‘Market Spread’ means the difference between the bid and offer Prices for a transaction of equivalent size in an Instrument, or a related Instrument, in the Underlying Market;
The agreement defines Market Spread as the difference between the bid and offer Prices for a transaction of equivalent size in an Instrument, or a related Instrument, in the Underlying Market.
Binding document · IG Markets Limited · Check the source
This fee is included within the Exchange Rate that is displayed on your Contract Note.
The charges schedule states that the FX fee is included within the Exchange Rate that is displayed on the customer's Contract Note.
Binding document · Integrated Financial Arrangements Ltd · Dealing charges and Express Trade charges · Check the source
J.P. MORGAN PERSONAL INVESTING LIMITED
Stated by the firmThis is the difference between the price to buy and the price to sell assets. To keep this to a minimum, we combine orders and choose ETFs with smaller spreads.
The firm's fees page discloses that a market spread — the difference between the buy and sell price — applies, and states that it combines orders and chooses ETFs with smaller spreads to minimise this cost.
Published by the firm · J.P. Morgan Personal Investing Limited · Market spread section · Check the source
Any other considerations relevant to the execution of the trade are taken into account, such as Implicit/explicit costs, trading frequency and performance..
The policy states that implicit and explicit costs are among the considerations taken into account when determining best execution.
Published by the firm · J.P. Morgan Personal Investing Limited · Best Execution Factors & Considerations · Check the source
STARLING BANK LIMITED
VerifiedStarling’s inbound exchange rate is based on a mid-market point calculated from third-party exchange rates, plus a margin.
The document discloses that a margin is added to the mid-market rate used for Starling's inbound exchange rate.
Binding document · Starling Bank Limited · Check the source
AJ BELL MANAGEMENT LIMITED
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
DIGITAL MONEYBOX LIMITED
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
FREETRADE LIMITED
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
MONZO BANK LIMITED
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
REVOLUT LTD
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
TRADING 212 UK LIMITED
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
WISE PAYMENTS LIMITED
Not foundNo qualifying source was located within the evidence window. This records what we could not confirm, and carries no inference about the firm.
Every firm here was asked the same question against the same published standard, and every answer quotes the passage it came from. Where the answers differ, the difference is in the firms’ own documents, not in how we read them.
Darker text marks stronger evidence. A statutory register prints at full strength; a firm’s own marketing prints lighter. The methodology sets out the weightings.