£1 per month
£1 per month
£3 per month
Every 5 mins
Generally, we would recommend using an ISA if you are able to. You can open multiple ISAs each year, as long as they are different types of ISA. e.g. you can open a Cash ISA and a Stocks & Shares ISA within the same tax year, but you cannot open two Stocks & Shares ISAs within the same year. In addition, the combined limit for all ISAs you own is £20,000 each year. This means you can only deposit £20,000 across all of your ISAs combined in any one year. However, you can easily transfer an existing Stocks and Shares ISA from a different provider to Wombat. If this is something you are interested in, please contact our customer support team at firstname.lastname@example.org to assist you with the process. A GIA is a great choice if you have already opened or funded an ISA, or if you've reached your £20,000 ISA limit. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future.
You can make as many trades as you like, but the trades will only complete when the stock market is open.
The majority of shares available for our Standard accounts are traded on the UK market, however, a selection of US stocks are available too. We trade once a day (this allows us to keep the account fees low) shortly after 15:00 each business day. Trades on this account will complete shortly after 15:00 (if placed before the market opens, any trades placed after this will complete on the next working day).
Please note, trades placed on ‘The Adventurer’, ‘Fly the Flag,’ or 'The Balanced' need to be placed before 11am in order to execute that day. If placed after 11am, the trade will complete on the next working day.
Yes, you can open multiple accounts. For example, you can open an Instant GIA and a Standard ISA and/or Standard GIA. With Wombat, it’s easy to monitor the performance of all of your accounts. Once you're in the app, you can easily switch between your accounts by selecting the account name in the top left of the screen, and selecting the account you want to change to.
An ISA is an “Individual Savings Account”. If you have an ISA, you can invest up to £20,000 per year completely tax-free. There are many types of ISAs, such as Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs. You can have multiple accounts in each type, but you can only open, and fund, one account per ISA type each year. Wombat offers a Stocks & Shares ISA. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future.