Hoodless Brennan to close online share dealing

Geoffo_M

I'm considering moving my account to The Share Centre, but I have one question. They operate 'Batch Dealing' which means they only buy (and presumably sell) shares 3 times a day - 9.00, 13.00 and 16.00. So, if I decide to buy a share at say 10am, and the price dives before the next batch dealing time (13.00), can you revoke your 'buy' instruction. Or is it best to always buy/sell just before the 3 times to ensure you don't get caught?

This is their blurb:-
Batch dealing

Batch-dealing instructions are processed in one of three dealing sessions each day, starting at 09:00, 13:00 and 16:00. To allow time to process your order, each batch session closes five minutes before it takes place but, subject to this, we always deal your order in the earliest available session after receipt.

Anyone any experience of The Share Centre?

skylight

http://www.h-l.co.uk/our-services/Share-Dealing ??????

Hargreaves Lansdowne; a possible alternative? Still ploughing through the T&Cs

King_Weasel

Geoffo_M wrote: »

I'm considering moving my account to The Share Centre, but I have one question. They operate 'Batch Dealing' which means they only buy (and presumably sell) shares 3 times a day - 9.00, 13.00 and 16.00. So, if I decide to buy a share at say 10am, and the price dives before the next batch dealing time (13.00), can you revoke your 'buy' instruction. Or is it best to always buy/sell just before the 3 times to ensure you don't get caught?

I'm with both HB and the Share Centre (having started with the latter and started but never finished switching to HB because it was cheaper).

Unless things have changed since I last actually traded with them - and if they have I would expect them to have improved - the answer is to set price limits on your trade, whether buying or selling. You can set this up 24hrs/day and set the limit for up to a month ahead. But you can't specify stop-loss, or you couldn't when I last used them, though I wouldn't be surprised if they've added this now.

Compared with HB their website is easy to use.

Geoffo_M

King_Weasel wrote: »

I'm with both HB and the Share Centre (having started with the latter and started but never finished switching to HB because it was cheaper).

Unless things have changed since I last actually traded with them - and if they have I would expect them to have improved - the answer is to set price limits on your trade, whether buying or selling. You can set this up 24hrs/day and set the limit for up to a month ahead. But you can't specify stop-loss, or you couldn't when I last used them, though I wouldn't be surprised if they've added this now.

Compared with HB their website is easy to use.

Thanks, yes, I too am impressed by their website. I've read about their limits. Does that mean if you want to but a share, you can set a limit below the price that you see earlier in the day - or must it always be the same or higher?

King_Weasel

Geoffo_M wrote: »

Thanks, yes, I too am impressed by their website. I've read about their limits. Does that mean if you want to but a share, you can set a limit below the price that you see earlier in the day - or must it always be the same or higher?

You can set it at any price. The current (live) price is irrelevant to the system - all that matters is the price when the batch trade is done.

sabretoothtigger

skylight wrote: »

http://www.h-l.co.uk/our-services/Share-Dealing ??????

Hargreaves Lansdowne; a possible alternative? Still ploughing through the T&Cs

They charge an activity fee apparently


That share centre looks decent and similar to halifax except they allow the cheap buy every day three times and halifax is just four days a month and its any time that day. However halifax is £3 to sell minimum and share centre is 7.50

Of course its only relevant for the real minnows of trading

Geoffo_M

sabretoothtigger wrote: »

That share centre looks decent and similar to halifax except they allow the cheap buy every day three times and halifax is just four days a month and its any time that day. However halifax is £3 to sell minimum and share centre is 7.50

Of course its only relevant for the real minnows of trading

.... and I'm a real minnow

skylight

Looking at Hargreaves a bit more, they have 2 types of share account. The Vantage one does not charge a management fee, but the other one Trader Advantage has cheaper trading fees but does charge £12.50 management fee a qtr. I cannot find anything in their T&Cs about any inactivity fee. And I like their research/charting facilites - easy to get to grips with and a good starting point.

http://www.h-l.co.uk/our-services/Share-dealing-charges-and-interest-rates


As for minnows... I think that I can relate my trading to a minnow's minnow.....

Hatone

I decided to go with Interactive Investor in the end. I like the fact that they don't charge inactivity fees or management related fees.

laffer

dont the fool offer something?