Share Dealing Discussion Area

sabretoothtigger

Not exactly. I think that is a foreign stock held in british pounds and traded here.

Like an ADR if you know them. I know HL does CDI but in general not sure how to look it up in order to deal that on line for XO

http://en.wikipedia.org/wiki/CREST_Depositary_Interest#CREST_Depository_Interest_.28CDI.29

stphnstevey

This is from the Lloyds Share Dealling website. It suggests that it's just the way US stocks need to be held????

http://shareinfo.lloydstsbsharedealing.com/services/faqs/overseas.phtml
What is a CDI?

A CDI is a CREST Depository Interest. CREST holds all international stocks in a pool in a local depository such as Clearstream for German stocks and DTC for US stocks. CREST then issues a CDI to each holder of the security, which can then be transferred in CREST just like a UK equity. There's nothing you need do.
Why are international securities held as CDIs?

It's not permitted under UK law to hold international securities in CREST. CDIs have been developed by CREST to allow UK investors to hold international securities while still allowing settlement through CREST.
Can CDIs be placed in an ISA?

Yes, but like UK stocks they must be listed on a recognised stock exchange. As an example, stocks quoted on the Neuer Markt (Germany) and the Nouveau March! (France) aren't ISA eligible.
Are there any special requirements before I can deal in overseas stocks?

Yes, for US stocks only. Before you can deal in US stocks, you must complete and sign a W8-BEN form. This is a declaration of tax status required by the US Internal Revenue Service. It's valid for 3 calendar years from the year in which it's signed (so, for example, if signed during 2008 will be valid until 31 December 2011). You can download the W8-BEN from the Forms section or request it from the Customer Services by calling 0845 60 60 560.

sabretoothtigger

It suggests that it's just the way US stocks need to be held????

No its the exception not the rule. Ive held US stocks, they are priced in dollars and you are just a foreign owner.
Here they trade it in UK and I presume its on London hours so maybe thats useful

helensams

any good tips for april that dont cost the earth per share will be very welcome

stphnstevey

sabretoothtigger wrote: »

No its the exception not the rule. Ive held US stocks, they are priced in dollars and you are just a foreign owner.
Here they trade it in UK and I presume its on London hours so maybe thats useful

This is the response from XO, anyone translate??????

Dear Client,

Unfortunately you cannot trade overseas stock on XO. You can trade the following stock via our share deal active account:
US, Canada, Australia, Hong Kong, Germany, Spain, France, Norway, Sweden, plus any securities held in Euroclear.

Trading Commission rates for US/CANADA/AUSTRALIA/EUROCLEAR:

Value of trade Commission
£0-£2000 £25
£2001-£4000 £35
£4001-£20000 £55
£20000+ £100

Fixed Trading rates for:

Germany - £84.50
Spain- £94.50
France- £99.50
Hong Kong- £134.50
Norway- £104.50
Sweden- £89.50
There is a minimum order size of £1000 and there is a monthly custody fee for foreign stocks of £3 (+vat)
www.sharedealactive.co.uk

ashy_mashy

Hi I'm looking to trade in UK & European markets.

Correct me if I'm wrong but from what I can see:

x-o.co.uk - £5.95/trade - Trade companies listed in UK

svssecurities.com - £5.75/trade - Trade companies listed in UK

tddirectinvesting.co.uk - £12.50/trade - Trade companies listed in Europe


Can anyone recommend a share-dealing company that allows trade in Europe and not just UK, which also has a low fees?

lestergun

ashy_mashy wrote: »

Hi I'm looking to trade in UK & European markets.

Correct me if I'm wrong but from what I can see:

x-o.co.uk - £5.95/trade - Trade companies listed in UK

svssecurities.com - £5.75/trade - Trade companies listed in UK

tddirectinvesting.co.uk - £12.50/trade - Trade companies listed in Europe


Can anyone recommend a share-dealing company that allows trade in Europe and not just UK, which also has a low fees?

Hargreaves provide trading of European shares:

http://www.hl.co.uk/shares/share-dealing/overseas-share-dealing-service

Thanks

Lester

Biggles

helensams wrote: »

any good tips for april that dont cost the earth per share will be very welcome

What difference does the price per share make?

cherylxx1

I recently found some old Emerald Energy Shares and some Just Group Plc Oredinary share certs that my partner bought in 2001
I have looked online but cant find out if we can cash them in..... we never changed our address hence got no correspondence they might have sent ...... HELP PLEASE ANYONE IF YOU KNOW ANYTHING !!!

srcandas

Registered with x-o today.

Received details but log on failed.
Tried "forgotten password" but that didn´t work.
Called them and they confirmed account existed and changed password.
Still logon fails
Still forgotten password fails
Sent email

And o-x seems to have a one tier security entry - unlike hl, fidelity, LloydsTSB, .......

I know there were lots of problems pre 2011 but I believe some reported here that they had greatly improved.

Anyone else had trouble with them recently?

:beer: