Five of the best Isas for shares

There are a few differences between charges for funds and charges for shares Isas. Here's what to consider - and five of the best Isas for shares.

Choosing an Isa for stocks means going through the same questions as for a funds Isa. However, there are a few differences between charges for funds and charges for shares that you need to consider.

Unlike funds, there's rarely a percentage-based fee for holding shares. Instead, almost all providers charge a flat-rate Isa administration fee, which is sometimes waived if your account is over a certain size, or if you trade often enough.And some brokers still offer Isas with no account fees or custody fees at all for holding shares. These will usually be the cheapest choice (we've listed some below).

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iWeb Share Dealing£5n/a£2% (max £5)£25 account opening fee. Also offers funds with no custody and a £5 per trade dealing fee, so represents good value for investors wanting to hold both stocks and funds.
SVS Securities£5.75n/an/a£10 processing fee for corporate actions (such as rights issues and stock splits).
X-O£5.95n/an/aRow 2 - Cell 4
AJ Bell Youinvest£9.95£1.50n/aAlso offers funds, with a 0.2% per year custody charge (max £200) and a £4.95 per trade dealing fee (£1.50 for regular investments), so may be attractive for mixed fund and stock portfolios, especially when making regular investments.
TD Direct Investing£12.50£1.50£1.50Isa account fee of £30+VAT per year, waived for accounts above £5,100, or where a regular investing plan is set up. Fairly good value for regular investments.
Cris Sholto Heaton

Cris Sholto Heaton is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is especially interested in international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers. He often writes about Asian equities, international income and global asset allocation.

Cris began his career in financial services consultancy at PwC and Lane Clark & Peacock, before an abrupt change of direction into oil, gas and energy at Petroleum Economist and Platts and subsequently into investment research and writing. In addition to his articles for MoneyWeek, he also works with a number of asset managers, consultancies and financial information providers.

He holds the Chartered Financial Analyst designation and the Investment Management Certificate, as well as degrees in finance and mathematics. He has also studied acting, film-making and photography, and strongly suspects that an awareness of what makes a compelling story is just as important for understanding markets as any amount of qualifications.