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I've been checking out invest engine, in particular their stocks and shares isa, and their lack of fees for self managed portfolios seems too good to be true. The margin rate at interactive brokers is extremely low. It's ballpark a quarter of other brokerage firms, sitting at 1. 5%.
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Is there a hidden danger here? Why would you use something like. If it is too good to be true, it probably is! When in doubt, apply the scam test:
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Anyone can be the target of financial fraud and scams. Your best defence is to stay informed,. If an investment sounds too good to be true, it often is. Too good to be true: Promises of high, guaranteed returns with little to no risk are classic signs of fraud.
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