HSBC or TD Waterhouse or III?

chookie1

I'm going to set up a share dealing account. HSBC, who I bank with, seem to be much the same price as the other banks at £12.95 / trade and of course that makes everything convenient. I see TD Waterhouse are only a little cheaper to trade - do they offer a better service?

And I see iii are only £10 and I see from here that many people like them - but I can't see who's behind them - are they safe?

Cheers for any thoughts.

mac2008

chookie1 wrote: »

I'm going to set up a share dealing account. HSBC, who I bank with, seem to be much the same price as the other banks at £12.95 / trade and of course that makes everything convenient. I see TD Waterhouse are only a little cheaper to trade - do they offer a better service?

And I see iii are only £10 and I see from here that many people like them - but I can't see who's behind them - are they safe?

Cheers for any thoughts.

the II sharedealing service is operated by Halifax, so you shouldn't have any problems there. II itself is owned by Capital Accumulation Ltd - Not much info on them that I can find unfortunately.

Jonbvn

I hear that TDW are not that reliable. I have read several complaints on different forums.

http://www.x-o.co.uk/ are the cheapest, and recommended by many on here.

gt94sss2

chookie1 wrote: »

I'm going to set up a share dealing account. HSBC, who I bank with, seem to be much the same price as the other banks at £12.95 / trade and of course that makes everything convenient. I see TD Waterhouse are only a little cheaper to trade - do they offer a better service?

For straightforward share dealing HSBC are fine. I use both them and III who are also ok

If your share investments/savings are large enough you can also use the value of your shares to count towards getting a HSBC Premier account which has its own advantages..

Regards
Sunil

talexuser

I was very unimpressed with TDW service.

bigfreddiel

talexuser wrote: »

I was very unimpressed with TDW service.

in what way?

talexuser

I had single company pep shares with them and with Reyker. When I came to sell up and transfer the proceeds to others ISAs for reinvestment Reyker did it fast and correctly, TDW took much longer and messed up the transfer being pretty unconcerned over sorting it out over many phone calls. I was also unimpressed with their habit of sending 7 sheets of A4 every month for a single shareholding for years before rationalising down to around 3 by the time I sold out.

Totton

I used the NatWest dealing service last year and thought it was rubbish, it was slow and never felt comfortable to me, Barclays seemed much better. I later found out that TDW provided the NatWest service so my experience of them is such that I wouldn't be in a rush to use them without some good feedback from current users.