share dealing with www.x-o.co.uk

edited 30 November -1 at 1:00AM in Savings & Investments
44 replies 68K views
245

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  • LokoloLokolo Forumite
    20.9K Posts
    Part of the Furniture 10,000 Posts
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    El_Hadji84 wrote: »
    They are the cheapest broker in terms of dealing commission, but after researching for myself, I found that the (not so well publicised) ISA closure fee of £50 means that anyone wanting to make an investment into an ISA at any point in the future would have to pay £50 at the end of it.

    Dave

    Why would you need to close the ISA? Withdraw all the money and leave it.
  • cloud_dogcloud_dog Forumite
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    Part of the Furniture 1,000 Posts Name Dropper Photogenic
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    Lokolo wrote: »
    Why would you need to close the ISA? Withdraw all the money and leave it.
    But without closing it you are unable to transfer it. And, withdrawing the money will remove it from its tax wrapper.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Charges are very competitive with x-o. I currently pay £12.50 flat fee per trade with Seltrade and they have proved reliable but not particularly cheap. Does anyone deal with X-O on a regular basis and can provide any positive feedback on them?
  • I've been using X-O for a couple of months and have had no problems. There's a £5.95 fee for both buying and selling (so it will cost £11.90 to buy and then sell later), plus 0.5% stamp duty on the purchase if the company is a UK one (this applies regardless of what company you use)
    I chose them because they were the cheapest. The facilities are very basic, but that's not a problem for me.
  • I noticed that their stop-loss orders are only valid for day, which means you will need to re-input daily. Can be slightly problematic for some who like to have a 'safety stop' in their investments.
  • roarke80roarke80 Forumite
    10 Posts
    I just opened a new account and made my first trade with x-o. Opening an account was surprisingly painfree, with a confirmation received the very next working day. I made a payment with my debit card and made my first trade after the funds showed up within the hour. So far so good!
  • solventsoonsolventsoon Forumite
    17.4K Posts
    MohammadButler post reported as :spam:

    When are you going to get the message that we really don't want you here??????
    :) The time you enjoy wasting is not wasted time :)
  • edited 15 July 2010 at 1:35PM
    aristote33aristote33 Forumite
    125 Posts
    edited 15 July 2010 at 1:35PM
    After having registered with an online share dealing website -namely x-o.co.uk - to open a stocks and shares ISA, and having received a confirmation email from them, when trying to log into the website, it keeps saying 'Invalid access to website'.

    Sent a question to the enquiries email of the website to obtain clarification but no answer so far...

    Since no money has been invested there, is it lawful to apply for opening a Shares ISA with another provider without waiting a new tax year?

    Thank you
  • kwakmankwakman Forumite
    12 Posts
    I've had a problem with them. Here is the email I've sent to rectify:

    Hi x-o,

    I’ve talked to Will today about a payment that was made on 19/7/2010 against the above account. Will tells me the transaction was voided by yourselves at 07.30 this morning because postcodes did not match but the funds have left my current account.

    Having talked to my bank the monies will now be held (effectively in escrow?) until the 31st July 2010 unless you send Barclays debit a fax to 02476532984 stating the card number, amount and your intention not to claim it. I can then send you the money back using a BACS payment.

    I appreciate you are a low cost execution only service and this is my first transaction with you, but I would very much appreciate you taking 5 minutes to send the fax so I can recover my money from limbo and re-transfer it to you.

    If you have any questions please do not hesitate to contact 0xxxxxxxxx.

    A test for their customer service if nothing else I suppose!
  • aristote33aristote33 Forumite
    125 Posts
    sent back confirmation letter to sender with large crossing over and 'CANCELLED' across the letter with date of sending, and letter sent with certificate of posting.
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