Cheapest execution broker?

gvw121

Hi guys,

I'm looking to buy some shares in the FTSE 100, and I would like to do with a cheap execution broker, however when I search "cheap execution broker" not much comes up. Therefore I was wondering if anybody knows a cheap online execution broker. All feedback greatly appreciated cheers.

Aegis

https://www.x-o.co.uk has the lowest rates, but I have no idea what they're like for service.

cashbackproblems

iii.co.uk £1.50 if set a day in advance. Reliable as well.

Out of interest which stock you looking to invest in?

climberup

gvw121 wrote: »

Hi guys,

I'm looking to buy some shares in the FTSE 100.

Do you mean in a FTSE 100 company? (Which one?). Or are you looking to invest in a spread of FTSE 100 companies, in which case a FTSE 100 tracker unit trust may be an option. You can buy these direct on the internet if you deal with large unit trust managers like Fidelity or Legal & General.

gvw121

cashbackproblems wrote: »

iii.co.uk £1.50 if set a day in advance. Reliable as well.

Out of interest which stock you looking to invest in?

LLoyds Banking Group is one company im definetly considering, its very cheap and is backed by the goverment hence I believe it would be hard for it to fail since the goverment has lots of tax payer money invested. With the goverments intervention in Lloyd's Banking Group they will also have a significant impact on the decision making which will be safer as their looking to profit from this by not taking huge risks. Also from what I have read somewhere elese, Lloyds banking group is the largest mortgage lender I think. Lloyds banking group is a long term investment for me for atleast 3 to 4 years.

RBS was another bank I was considering to invest in but they seem too risky for me with them being the worst performer out of all banks.

BP is another company I may invest in but I am not 100% convinced, I believe they will recover in the long term but its just a matter of buying at the right time.

gvw121

climberup wrote: »

Do you mean in a FTSE 100 company? (Which one?). Or are you looking to invest in a spread of FTSE 100 companies, in which case a FTSE 100 tracker unit trust may be an option. You can buy these direct on the internet if you deal with large unit trust managers like Fidelity or Legal & General.

My bad, I meant invest in a FTSE 100 company

cashbackproblems

gvw121 wrote: »

LLoyds Banking Group is one company im definetly considering, its very cheap and is backed by the goverment hence I believe it would be hard for it to fail since the goverment has lots of tax payer money invested. With the goverments intervention in Lloyd's Banking Group they will also have a significant impact on the decision making which will be safer as their looking to profit from this by not taking huge risks. Also from what I have read somewhere elese, Lloyds banking group is the largest mortgage lender I think. Lloyds banking group is a long term investment for me for atleast 3 to 4 years.

RBS was another bank I was considering to invest in but they seem too risky for me with them being the worst performer out of all banks.

BP is another company I may invest in but I am not 100% convinced, I believe they will recover in the long term but its just a matter of buying at the right time.

I sold off Lloyds pre rights issue and made a nice profit and great decision in hindsight (dont make many!), also currently hold RBS and believe it will make a nice profit for a long term hold. Neither currently pay dividends if thats an issue but both imo have strong potential, lloyds slightly ahead of rbs.

However Barclays are the ones performing strongest, but their sp current reflects this and might not be the best buy.

climberup

What if Greece defaults - how exposed are Lloyds and RBS to that? I don't know the answer. And if Portugal and Spain default too I wonder how much they owe Lloyds and RBS... Anyone know what the impact on the banks would be?

A European country going bust? Surely it can't happen! Didn't they said the same thing about big safe banks like RBS s few years ago...?

But this line of thinking does illustrate the risk of investing in one share or one sector. BP would have looked like a rock solid investment 6 months ago...

gvw121

Aegis wrote: »

www.x-o.co.uk has the lowest rates, but I have no idea what they're like for service.

Thanks for the site you recommended I'll probably give that a go because its quite cheap and straight forward. The site looks alright to use!

btw I also wanted to ask isit possible to invest in an AIM company?

I want to try and buy into a small mining company as I've heard people have profited from this when a mine is discovered

sabretoothtigger

I sold off Lloyds pre rights issue and made a nice profit and great decision in hindsight

The price was diluted but its not now comparable to last Septembers


This chart has altered old prices to give a correct perspective




Same applies to RBS, it can never be 5 pounds again.

Lloyds holds uk debt I think, rbs holds all sorts but they'd both be affected anyway because europe is part of our economy

climberup

gvw121 wrote: »

I want to try and buy into a small mining company as I've heard people have profited from this when a mine is discovered

True, but what you don't hear about is all the people who have lost their money when the company doesn't find anything!

This is more gambling than investing.