Online Share Dealing

Symo56

Hi,

Can anyone recommend an online share dealer. Until i really get the hang of dealing i intend to invest £100 per month.

thanks

Symo56

blinko

https://www.comdirect.co.uk

cloud_dog

Symo56

Have just gone through the analysing of different accounts and their costs / charges and came to the same conclusion - Comdirect.

They have a special offer on at the moment whereby if you transfer/open your account with stocks or cash to the value of £500 pounds they will give you £50.

If you are not transfering from another broker you need to be referred. I know you said that you are planning £100 pm but if you could open the account with £500 you could get an extra £50, if you are referrred. Here's the extra bit, if you Private Message "Plumb1" they will split their referal fee (£50) with you, giving you an extra £75.

I have just (20mins ago) done the same and have opened my account with Comdirect.

For £75 I would suggest seeing what you could do to open the account with £500 - you don't have to invest it in one go (if you don't want to). Could you borrow the money from family and pay them back £100 pm.

Btw on the Comdirect sign up page you can opt to make regulat payments into the account.

cloud_dog
(please no one post that this should be on the referal board - I'm just trying to do Symo56 a favour)

thefirs

Comdirect is a reasonable choice though two others spring immediatly to mind: iDealing.com and iWeb. Both offer no-frills execution-only dealing at £10 per deal, irrespective of value. iWeb (a division of Halifax plc) is less strings-attached with no account fee, and you can move money in and out of the cash account quite readily via a debit card, but they pay virtually no interest on deposits. iDealing charge £5 per quarter but pay realistic interest on deposits. They also offer self-select ISAs.

You can read more and see cost comparisons at The Motley Fool, an easily digestible site for starters in share dealing.

plumb1_2

See link here http://forums.moneysavingexpert.com/showthread.html?t=235