Share dealing accounts - iii alternatives

dorito

Just in case it helps,

X-O have a £50 ISA a/c closing fee.

TradersOwn don't. I have switched to TradersOwn.

Alex2011

Hargreaves
£0 quarterly fee
£5.99 - £11.99 per trade subject to volume
£25 per line of stock to transfer out

I can't find any information about charges on ISA.

EdGasket

dorito wrote: »

Just in case it helps,

X-O have a £50 ISA a/c closing fee.

TradersOwn don't. I have switched to TradersOwn.

Well in that case, if you did ever want to close your account, just withdraw all your money except £1 and don't close it.

youngpip

I'm looking to purchase some shares in a company which is listed on the PLUS Stock Exchange (plus-sx.com). I don't think X-O list these companies, does anyone have a recommendation for an alternative? I know share.com lists them.

steady__eddie

Interesting thread, I'm torn between X-O and Traders Own, with reference to the latter, could someone tell me what a Recertificate Holding is please ?
With cash savings, there is a F.S.C.S. guarantee for the first £85K :rotfl:, is there a comparable scheme for shares held in brokers nominee accounts which would prevent a J.P. Morgan scenario happening over here ?

gt94sss2

Traders own doesn't seem like a good choice for anyone who receives dividends due to their 10% charge on each Dividend/Cash Corporate Action paid!

With cash savings, there is a F.S.C.S. guarantee for the first £85K, is there a comparable scheme for shares held in brokers nominee accounts

Yes - its also the FSCS. Depending on how the broker is structured, the limit for cash holdings is either £85,000 or £50,000 (though you might share that with any other accounts held at the same underlying stitution.

Regards
Sunil

dunstonh

renaissance wrote: »

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

The problem you have is that some have moved to post RDR/platform review pricing (like III) whilst others have not (like HL). So, you could move to another provider who has to change their model and find you are in the same situation again.

III's new pricing on fund investments is very good. For most people it will be cheaper than it was before. It is only those with small amounts that will be worse off or those that only used tracker funds but that is consistent with all the platforms that have moved to "unbundled" basis.

sharedealer5

Does anyone know if Traders own have responded to RDR yet ?

From my research, it seems this legislation is why Interactive Investor started charging.

I want to move to Traders Own, but cannot see if they have responded to the RDR or not, meaning their seemingly good deal could change. No ?

dunstonh

Does anyone know if Traders own have responded to RDR yet ?

Some have. Some have not.

I want to move to Traders Own, but cannot see if they have responded to the RDR or not, meaning their seemingly good deal could change. No ?

Do they charge explicitly and refund commissions? If so, then that would indicate they have moved on. If they are still receiving commissions and not charging explicitly then they will have to change.

flashnazia

I'm so glad I found this thread!

I've narrowed mine down to Trader's Own and XO but can't make up my mind although am leaning towards XO because:
it doesn't charge for dividend payments and
it's execution only which means I don' t have to worry about charges being introduced becauseof RDR.