Buying Shares, Instant Payment ????

curtlyb

Just a quick question, when buying shares is instant payment required ie by debit card ???? or do they operate on a monthly billing system where they invoice you for trades in that month ???

cheers in advance for any answers

also, which brokers offer real-time buying ??

barrooo

Lots of brokers will offer real time buying of shares, I think most high street banks do it as well. Just check commisions etc, for the best deal.

If you go for the banks I think their policy, in general, is T+3 so accounts settled 3 days after trade taken place. However I still think you need the money in you account at point of trade

sabretoothtigger

Which broker is best for real time trading, halifax wont quote a price if it moves too fast.

Selftrade also are rubbish, they time out when busy . Are barclays any better or hargreaves, etc

6022tivo

Must admit.. I have been trying to log into selftrade for the last 20 minutes......

tradetime

sabretoothtigger wrote: »

Which broker is best for real time trading, halifax wont quote a price if it moves too fast.

Selftrade also are rubbish, they time out when busy . Are barclays any better or hargreaves, etc

How much trading do you want to do?
Since you specify "real time" trading, what type of trading do you want to do, ie over what time frame?

sabretoothtigger

On average, below regular trading and time frame medium term

tradetime

sabretoothtigger wrote: »

On average, below regular trading and time frame medium term

Ok was going to suggest IB, but depending on the amount of trading you do it may not be worth it. For medium term holding period, I'd say real time trading would be over rated.

tradetime

sabretoothtigger wrote: »

Thats just on average, I have held shares for a decade or more or just 2 hours of trading. Im strictly small time, just need a service that is reliable, thanks for the link.

I just dont like being forced into taking a price because of poor service

Whats your opinion on hargreaves and barclays in general. I noticed hargreaves is offering some cashback to open an account so might give them another try - they handled b&b I think and barclays seemed professional though Ive not used them

You're welcome. I say real time is over rated for holding over medium term as anytime I have taken a position for some sort of longer term trade it is entered via a limit order so real time pricing or trading doesn't matter.

Sorry, no opinion on Hargreaves or Barclays, they do not meet my needs so have no experience of them.

cheerfulcat

One thing in Hargreaves Lansdown's favour - it is possible to trade in my HL account this morning, which is more than can be said for Selftrade. I had major admin problems when moving my ISA away from HL, and they are rather more expensive than ST, but on the whole I am inclined to move my ISA back to them.

No experience of Barclays but others have reported problems trading over the last few days. There's a Brokers board on TMF which has been fairly busy recently...