Share Dealing Discussion Area

laxton74

Sorry for asking this, must seem a stupid question, but how do you trade online. Do you pay at the end of the trading month, or do you pay each time you trade.

If the former, it would seem that as long as you buy and sell before the end of the month, you need not have any money!

Is this correct, or am I thick.

sabretoothtigger

Each time unless you have a margin account which allows for longer I think.

Typical time to settle would be 3 days by the terms of london stock market but since you are going through a broker it would depend upon their confidence in you I expect, I doubt many offer a month free of charge

sharedealer

Dear MSE - i have a Hoodless Brenan account and agree wwhat you say. They are very good. Only problem they have chosen to stop providing a foreign trading service. I wan to buy some US stocks using a US account. Who is the best/ cheapest on-line broker to use? Thanks

sharedealer

hey bluesodium - go on line to register with HB. i did it in minutes and as able to trade. they are v helpful on the phone too.

sharedealer

i reckon xstrata are a good bet.

bluesodium

sharedealer wrote: »

hey bluesodium - go on line to register with HB. i did it in minutes and as able to trade. they are v helpful on the phone too.

tried that. asked for two bits of Id to be sent to them....

Still waiting .........tooo slow....

Gone with halifax...... set up online and trading within 7 days which is more than can be said for Hoodless Brennan....

jfpeeps

TD waterhouse set me up without having to post them anything, they seem very good so far.

johntod

share dealing is not an easy task. you need excellent software to deal with it.

Truly.Yours

I am considering buying a certain number of shares. (possibly Lloyds TSB)

I want to buy about £100 worth of shares, and keep them in the long term.

I am a student at the moment, and would like to have something to put in my 'porfolio' as i hear being menstioned here on the forums.

I have read the article, and think commison based would be best.

What would be advised?

Thanks

EDIT: Hoodless Brennan seem to be at the forefront. Are they still the cheapest, i.e £8 for buying shares?

jaws1

Cal looks good at 39.5 .