Which stock broker

srcandas

I in part look at security of the internet site. I have never seen a story relating to hacked accounts but often such happenings are hushed up. In this respect some of these sites are poor but they might argue not to a worrying level.

Just thought I'd add something else beyond price (appreciate others mention ease of use). :beer:

sarah_id1

It quite costly to trade in UK compare to India.

There is no opening /closing fee and stamp duty?

https://www.x-o.co.uk which is apparently the best charges nominal 5.95 per transaction but then there is stamp duty of some tax to each transaction which is nill in India. And Apparently http://www.x-o.co.uk charges £60 if you want to close the account with them which is again nill in india. This is as per my indian collegue's comparison.

flashnazia

Svs charges for corporate actions but xo dont.

gkerr4

sarah_id1 wrote: »

It quite costly to trade in UK compare to India.

There is no opening /closing fee and stamp duty?

www.x-o.co.uk which is apparently the best charges nominal 5.95 per transaction but then there is stamp duty of some tax to each transaction which is nill in India. And Apparently http://www.x-o.co.uk charges £60 if you want to close the account with them which is again nill in india. This is as per my indian collegue's comparison.

0.3% isn't cheap at all - it's been shown earlier that the threshold for indian trades is just £2,000 - my typical trades are around £5,000 so i'd be paying double in india. a £60 closing fee is only a marginal cost in the big picture

gadgetmind

For mainstream UK shares, any online broker will do, and you should look at charges. However, if you're wanting to get into illiquid holdings, fixed interest, overseas shares, and other exotica, you need a broker who knows what they'd doing and who will do more than just push a few buttons.

sarah_id1

gkerr4 wrote: »

a £60 closing fee is only a marginal cost in the big picture

Since there is no annual charge and if I do not intend to trade any more would there be any harm to leave my account as it is thereby avoiding closing fees of £60!