Trading without an account

msallen

joeypesci wrote: »

I've heard of XO before so might go with them. So you actually have an online trading account with them so can trade online without having to call? And there are no admin fees for having the account?

Correct. X-O stands for eXecution Only, and thats what they are - Simple bare bones basic service which allows you to perform trades for minimal cost. I tend to use funds so don't have the need of this type of service very often, but I use X-O when I do.

IanSt

Yes I do use them. Looks to be in the same way that msallen uses them.

There is an ISA closing fee (see http://www.x-o.co.uk/our_charges.htm) which they can also enforce if you try to run down the account without actually closing it. But if you are a long term investor (which you should be if you are investing in stocks etc) then that won't be an issue.

joeypesci

Thanks all. Have now opened a nominee account on x.o