Share dealing accounts - iii alternatives

G_M

As I’m closing my iiii share dealing account I’ve been looking around at the alternatives. My list so far is below, and I post it
a) In case anyone else is looking for the same info
b) In case anyone can add to/correct it, or comment on the providers etc

Note this is for share dealing, not funds, ISAs etc
www.share.com
£2.50 + VAT fee per quarter; 1%/£7.50 trade fee; £15 per share to transfer out

www.x-o.co.uk
£0 quarterly fee; £5.95 trade fee; £15 per share to transfer out

www.tddirectinvesting.co.uk
£0 fee (if you have >£7500); £12.50 trade fee; £55 to transfer out; £5 to close

www.simplystockbroking.com
£0 fee; £8 per trade; (10% to re-invest dividends); £16 per share to transfer out

www.iweb-sharedealing.co.uk
£0 fee; £10 per trade; (2% to re-invest); £25 per share to transfer;

www.selftrade.co.uk
£8.75 + VAT inactivity fee; £12.5 trade; %15 per share transfer out.
www.lloydstsbsharedealing.com
£8 pq fee; £15 per trade; £10 per share transfer; free closure.

www.hl.co.uk/shares/share-dealing/dealing-charges
£0 fee; £5.99 - £11.99 per trade; £25 ps transfer out

http://www.tradersown.co.uk/sharedea...ckbroking.html
£0 quarterly fee; £6 per trade; £16 per stock to transfer out; 10% on dividends

grey_gym_sock

and you don't want cheaper regular dealing?

i think HL is £25 + VAT per share to transfer; free closure.

grimerking

https://www.selftrade.co.uk has the following charges:

http://www.selftrade.co.uk/services/price-list.php

Trading Inactivity Fee
£8.75 + VAT, payable only if you have been a customer for the full calendar quarter and there has been no trading activity on your account during that calendar quarter. If you make one trade in a quarter on your account with us, you will not be charged a Trading Inactivity Fee for that quarter.

Identity Monitor
£10 plus VAT for a 12 month subscription

Banking charges
CHAPS payments out (minimum payment - £2,500) £35
CHAPS payments in (minimum payment - £5,000) Charges refunded

Other fees and charges
Probate Valuation
First 20 investments £25 plus VAT
For each subsequent investment £6 plus VAT
Overdrawn accounts
Interest is payable at the Bank of England base rate +15% EAR (equivalent annual rate)
Overdrawn administration fee £15 per occasion
Transfer out fees
Issuing a paper certificate £20 for each line of stock that is rematerialised
Transfer to another provider £15 per line of stock

Dealing fees
Online standard rate
(including orders routed online to our Dealing team) £12.50
Online frequent trader rate
(applies after first 100 online trades at standard
online or relevant phone rate in each calendar quarter) £6
Telephone
All trades of £2,500 and under £17.50
All trades over £2,500 up to £100,0003 £40
For trades over £100,0003 Please call for a quote
Regular Investment Service purchases £1.50
Dividend Reinvestment Service purchases £1.50
Funds (Unit trust and OEIC) purchases No dealing fee4
Limit or stop loss orders No additional fee
International trades: Typical Foreign Exchange Margin applied
All trades of £10,000 and under 1.25%5
All trades of over £10,000 up to £50,000 1.00%5
For trades over £50,000 0.75%5
3Stamp duty and commission will not be included when calculating the trade value
4Sales are subject to the relevant online/telephone rate.
5Selftrade may receive up to 65% of this margin. Further details are available on request.
Duties and Levies
Stamp Duty
Purchases of UK equities 0.5%
Purchase of Irish equities 1%
Purchase of some EuroBonds 0.5% (Please call Customer Services for further details)
PTM Levy
£1 flat rate charge on equity transactions over £10,000

Ifts

G_M wrote: »

www.share.com
£2.50 + VAT fee per quarter; 1%/£7.50 trade fee; £15 per share to transfer out

Cant comment on the rest as I am only familiar with https://www.share.com and x-o.co.uk.

Just so you are aware the above £7.50 trade fee is the minimum fee under their Standard dealing option @ £2.50 + VAT administration fee per quarter.

To trade for a flat fee of £7.50 you will need the Frequent dealing option which comes with a dealing option fee of £20 + VAT per quarter (on top of the £2.50 + VAT administration fee per quarter).

http://www.share.com/a/share-account-costs.html

TDM850

Here are some more:

XO
https://www.x-o.co.uk
£0 quarterly fee
£5.95 per trade
£15 per line of stock to transfer out

Hargreaves
https://www.hl.co.uk
£0 quarterly fee
£5.99 - £11.99 per trade subject to volume
£25 per line of stock to transfer out

Traders Own
http://www.tradersown.co.uk/sharedealing_guide::traders_own_stockbroking.html
£0 quarterly fee
£6 per trade flat fee online or phone
£16 per line of stock to transfer out

mortimers

x-0 .co .uk
£0 quarterly fee
£5.95 per trade
£15 per line of stock to transfer out

thank you for the list, X-O seem to be the cheapest, is there any reason NOT to use them ?

amictus

mortimers wrote: »

thank you for the list, X-O seem to be the cheapest, is there any reason NOT to use them ?

I'm still thinking of switching my share holdings from Interactive Investor to X-O. As far as I can tell, the only reason NOT to use them (beyond those already detailed previously) is that they have a £60 ISA account closure fee. Also, an inconvenience which may or may not affect you is that ISA shares and non-ISA shares have to be held in separate accounts.

Please report back if you find anything else!

BLB53

Also, an inconvenience which may or may not affect you is that ISA shares and non-ISA shares have to be held in separate accounts.

This is a legal requirement and applies to all brokers.

renaissance

Does anyone know of a good alternative to III that allows you to by and sell unit trusts as well as shares? That is, obviously, other than HL.

R

amictus

BLB53 wrote: »

This is a legal requirement and applies to all brokers.

Thanks for pointing this out. I didn't make myself very clear; what I really meant was that you'll have to use two separate login accounts, meaning you won't see the holdings side-by-side, unlike on the Interactive Investor platform.

mortimers

i dont need the ISA so Ive switched to x-0 .co .uk today