Low Cost Execution Only Share Dealing

temagami

I'm slightly late replying to this, but also keep a table of online brokers here: http://the-international-investor.com/comparison-tables/cheapest-uk-stock-brokers

Not as much analysis as Special_Saver2's list, but might be useful as a way of comparing fees side by side - there's also a few more firms on there (mostly ones that don't offer ISA's so aren't in the ISA thread).

Special_Saver2

temagami, I like that table. I am going to include a link to it in the introduction to my Low cost S&S ISA thread as I think it will be handy for people who have filled up their ISA.

As for SVS versus X-O, I don't like the fact that SVS charge a £10 fee for every corporate action and that they only allow FTSE 350 shares in their ISA.

I joined X-O for my ISA this year, mainly because I had a lot of paper share certificates that I wanted to put into an ISA and they offer a free bed-and-ISA service.

I am happy with the X-O website. It is basic but it does the job well. X-O have updated the software so that you can now place limit orders when the stock market is closed.

Unfortunately, X-O staff made lots of errors on the bed-and-ISA process, e.g. on one occasion they sold my shares and forgot to buy them back in the ISA, on another occasion they charged me commission on the re-purchase (both the sale and re-purchase are commission-free for bed-and-ISA transactions). They also made an error in transferring money between accounts. (To transfer money between accounts, you have to send them an e-mail. You cannot arrange it via their website.) They respond quickly to e-mails though and they quickly rectified the results of all their errors.

SS2

AndyC85

Ive been using SVS for the last few months and seems good enough. Although I am tempted to buy some nationwide PIBS, which I can't do as the shares aren't in the ftse 350. I take it with an x-o account I could buy these shares?

Special_Saver2

I just tried logging in to my X-O ISA account and it would let me place an order for POB (one of the Nationwide PIBs) if I had not clicked cancel on the final page.

By the way, X-O made some errors when setting up some items on their online dealing platform. If you want to buy something in your ISA and you are sure it is allowable but the X-O system will not let you place an order, just e-mail X-O and they will correct the system so that you can place the order. This is what happened when I wanted to buy some iShares ETFs that had been incorrectly entered on their system. A few hours later they told me it had been fixed and indeed it was then possible to place the orders. (Edit: I have just added this information to my entry for X-O on the low cost S&S ISAs page.)

SS2

PM

SVS has been fine but when viewing shares in your portfolio you can't compare purchase price to current price. You have to do this manually and unlike say fool.co.uk you can't see any details from which you could see performance of your shares.

Do any of them under £10 dealing services have ability to see at a glance comparatives.

cmorgan091

Hi PM,

I have several share dealing accounts and so no one view with any of the execution only dealers is any good for me.

Instead I have my own system of Excel spreadsheet tabs which keep my long term data. But for the short term on a daily and since purchase comparison I find that Yahoo Financials is unbeatable (for shares only, useless for funds!)

It allows you to design your own view with the information you need, is up to date and keeps a good track of the price. The only thing it doesn't allow you to enter is dividend payments (hence the Excel spreadsheets).

But give it a try, easy to enter everything into for a quick view and then you can add your holdings (shares, purchase cost and charges) and it will give you your gains and losses.

C

competitionscafe

I use FT.com and Trustnet portfolio services to keep track of everything - both are free and both can include funds as well as shares and IT's. Makes it nice and easy to see all your holdings in one place when you have a number of different ISA, pension and share accounts.