selling shares traded on NYSE Arca

kronos

I currently own some shares (in certificate form) which I would like to sell, they are traded on the NYSE Arca. I have only dealt in UK listed shares previously and have no experience of this market, I wondered if anyone could recommend a broker/ share dealing site that I could sell these through, preferably cheaply as these are only worth approx £400. thanks.

digerati

KRONOS wrote: »

I currently own some shares (in certificate form) which I would like to sell, they are traded on the NYSE Arca. I have only dealt in UK listed shares previously and have no experience of this market, I wondered if anyone could recommend a broker/ share dealing site that I could sell these through, preferably cheaply as these are only worth approx £400. thanks.

Open an account at a US discount brokerage. Typical sales fees are $5-10 on any size transaction and can be done online. It'll take a while to get the account up and running plus some initial paperwork, but it's well worth the effort if you want to minimize your costs. You'll need to post them the share certificates so they can be converted into electronic form (like CREST).

By contrast a UK broker will usually charge £75 for the same service as they are foreign shares.

Hope this saves you money :-)

kedj

Not sure if this what you are looking for, but Interactive Investor advertise US stocks dealing for £15 flat fee :- http://www.iii.co.uk/sharedealing/?type=charges