Share Trading and the Share Centre

westy22

whether or not the low cost brokers offer the best quote when you do a trade

I have no idea how you would find out! I am sure that when I buy £500 of XYZ shares through my broker I will not get offered the same price as an institution buying £1m worth but I expect that. Either way, I am sure that it won't be more than fractions of 1p so on £500 it really makes little odds in the overall scheme of things.

Jim431

"I have no idea how you would find out!"

You could sign up to two brokers and then sign in and get both trading screens up on the display. Then press the "get a Quote button" within a second of each other. Lot of effort tho !

"I am sure that it won't be more than fractions of 1p so on £500 it really makes little odds"

Um... well if the shares are 1 pound each and are loaded by 0.5 pence then x 500 that is £2.50. Most people trade more than £500.

The problem is we just don't know what they get up to !

Not talking about institutional investors/brokers here just the cheaper brokers that charge £6 per trade instead of others that charge £12

almondsalty

I think The Share Centre has a couple hundred thousand clients, although don't quote me on that. I haven't personally used them, but sometimes read their blog which gives some decent insight.

A comparison of online share dealers is available here: http://www.investoo.co.uk/compare/compare-online-share-dealing/

II, Halifax, Barclays & TD are big names in this space too.

But as some people said here, X-O appears to be the cheapest, however I personally am not a fan of the way the website looks!