Cheaper broker for International share dealing e.g. Canadian shares?

consumer

Hi,

Can somebody guide me finding a cheaper share broker which allows dealing in international shares as well, particularly canadian shares?

I contacted few US share dealers, but they don't allow account opening by non-US residents. Few UK brokers charge annual maintenance charges and for infrequent investor like me, it becomes significant charge.

sabretoothtigger

What are the company symbols, I'll check if I can buy them. TSX is the exchange you want to access? Maybe some companies are quoted elsewhere but I presume you need a proper firm and to pay the fees
Most brokers would charge if you dont trade regularly except the more high street restricted brands


Maybe you could ask to buy on a certificated basis for more of a one off cost rather then a nominee account

tradetime

Cheaper than what?

Try TD Waterhouse, not my favourite broker, but it may meet your needs at a price you can live with.

consumer

tradetime wrote: »

Cheaper than what?

Try TD Waterhouse, not my favourite broker, but it may meet your needs at a price you can live with.

Thanks....I had a look on TD Waterhouse before I posted message on MSE...The only thing which I did not suit me was the inactivity fees every quarter (£10 + VAT)....I am not going to make frequent trades e.g. may 2-3 trades/year maximum....and will end up paying £10 plus VAT every quarter....

By cheaper transaction charges, I mean ....charges roughly upto £15.00 for trade...plus charges to be paid to exchanges, stamp duty etc.

consumer

sabretoothtigger wrote: »

What are the company symbols, I'll check if I can buy them. TSX is the exchange you want to access? Maybe some companies are quoted elsewhere but I presume you need a proper firm and to pay the fees
Most brokers would charge if you dont trade regularly except the more high street restricted brands


Maybe you could ask to buy on a certificated basis for more of a one off cost rather then a nominee account

I do not have much idea about buying on a certificated basis....Can you guide me?

The share I was looking to buy initially (I've got few others as well) has a symbol of FNV (Franco-Nevada), listed on TSE....

tradetime

consumer wrote: »

Thanks....I had a look on TD Waterhouse before I posted message on MSE...The only thing which I did not suit me was the inactivity fees every quarter (£10 + VAT)....I am not going to make frequent trades e.g. may 2-3 trades/year maximum....and will end up paying £10 plus VAT every quarter....

By cheaper transaction charges, I mean ....charges roughly upto £15.00 for trade...plus charges to be paid to exchanges, stamp duty etc.

Ok, understand you, put bluntly you are an unattractive proposition to most online brokers, unless of course they can charge you inactivity fees. So, aside from STT's suggestion, you could try phoning around a few high street brokers (sorry, don't use them so don't know any off-hand) and see what they charge, could be pricey. Alternatively, look at the websites of the company you are interested in and find their Investor Relations page, and see what provisions they may have that could be helpful, possibly nothing, but worth a look. There will be further problems if the company pays dividends, since it will almost certainly be in CAD$ which you will have to consider.

Another possibility is to look and see if the Company(s) you are interested in are dual listed (most likely on US excahnges) then E*Trade may work, as it looks like as long as your account value exceeds $10,000 there is no service charge. Assuming of course you are investing that amount of money. There are a couple of other exemptions as detailed in the link.

Unfortunately that stock (FNV) is not dual listed, and has no facility to sell directly to investors.

Re: TD Waterhouse, from their site, my highlighting.

How much does it cost?

Online trading is a simple flat fee of £12.50, or just £9.95 online when you trade more than 10 times or more in a quarter.

We do make an Account Management Fee of £10+VAT per quarter - not on ISA or SIPP accounts and only on accounts that have not traded or have a cash and/or stock valuation of less than £5,000.

So if you are planning to invest more than £5,000, and the value of the stock does not fall below £5,000 then you would escape that fee.

consumer

tradetime wrote: »

Re: TD Waterhouse, from their site, my highlighting.
So if you are planning to invest more than £5,000, and the value of the stock does not fall below £5,000 then you would escape that fee.

Thanks for your reply....I will try to call few high streek banks/stock brokers and also look at certificated deal...and work out from that...