Share Dealing Discussion Area

cashbackproblems

Just a few quick questions about Halifax share trading which im unable to understand/isnt made clear on their website.

Im looking to buy some shares and Halifax have 1. share dealer acc and 2. halifax sharebuilder but whats the difference between the 2? The share dealing account looks better as theres no inactivity/management fees and the sharebuilder says you have to trade £20 p/m, so what are inactivity charges if you dont?

Also how much extra is real time trading and if you do planned buy/sale how long does it take to go through?

ALso what sites apart from obv like yahoo finance, do ppl use to research company charts etc?

thanks!!

sabretoothtigger

I think they are much the same thing, builder wont allow less then £20 of shares to be bought which is a tiny amount and reasonable.



If you use yahoo it'll point you elsewhere anyway like ft.com has its own research. barons, iii

1Cookie

Selftrade have started charging £35 plus VAT for holding an account with them.

I currently pay £25 for them to hold my shares ISA, so this is an increase of 61% with VAT at 15%, and 64.5% when VAT reverts to 17.5%.

Does any one know of any alternatives?

I know from Martin's article that Hoodless Brennan are cheaper overall - but I don't do many trades and I have lots of holding that would cost a lot if I had to transfer them. Hoodless also charge £50 to hold an ISA which is still more than Self Trade.

Any ideas or help gratefully received - my ISA's looking pretty battered anyway!

1Cookie

00ec25

HSBC allow you to transfer in your existing ISA to their ISA wrapper and then you can trade within that wrapper for £16.95 per trade. There is no annual fee, no inactivity and no registration fee. They make their money because the trade commision is higher than if you are not inside an ISA wrapper (normal fee is £11.95)

all prices are live at time of dealing and you can do as many or as few as you want each year

don't quote me but when I asked about 2 years ago transfers in (and out!) were free
http://www.hsbc.co.uk/1/2/personal/investments/isa/shares;jsessionid=0000E1ThlIzUwcVX78vC86YYZyr:12ntf2618

sabretoothtigger

Just a heads up, Halifax has an offer till 16:30 Today for free tradeplans

The best way to take advantage of this is for any small holders to setup batches of £240 sales of their shares at various price points they feel would be profitable

This will cost you nothing now and can be cancelled when you feel like

The eventual cost will be £1 in commission for every £240 of shares sold

If you are a rich fellow feel free to setup larger amounts and it would again cost nothing now to do but allow a £2 discount in future, total commission cost at (automatic) execution for £100,000 of shares would be £7.95


Obviously check it out for yourself

Ready and waiting for FREE TradePlan Day? It’s time to get started. Today, for one day only, you can set up and amend as many TradePlans as you like, without paying the usual £2 charge. What's more, we'll still reduce your commission by £2 when your deal executes. But hurry, our offer is only available until 4.30pm today – 2nd June.

Buy new shares using TradePlan

To set up a FREE TradePlan for a new trade today, just follow these simple steps:

• Log in to your account and click 'Dealing' then select 'Advanced Dealing (TradePlan)’ then 'Create New TradePlan'
• Enter the details of your trade and set up your chosen TradePlan.

Set up a TradePlan on your existing shares

Or to set up a FREE TradePlan for your existing shares follow:

• Select 'Buy' or 'Sell' on your chosen stock within the 'My Portfolio' section
• From the Dealing screen select 'Set TradePlan' and follow the on-screen instructions
• When market conditions meet your requirements, your TradePlan will be actioned.

So whether you want to try a TradePlan you’ve never used before or maybe set one up for the very first time, make sure you do it for FREE before 4.30pm today – 2nd June. Remember, it’s your chance to make the most of the rise and fall in share prices, without having to monitor the markets day and night. So don’t miss out on this FREE TradePlan offer today!

Try any of our 5 TradePlans today for FREE:


Limit Order – Set the price you want to buy or sell at Stop Loss – Protect against a fall in your share price Range Trading – Buy low, sell high – automatically Target Setting – Take profits on the up and minimise loss on the down Price Locking – Adjust your stop price to lock in rises when shares climb.

tradetime

Try any of our 5 TradePlans today for FREE:


Limit Order – Set the price you want to buy or sell at Stop Loss – Protect against a fall in your share price Range Trading – Buy low, sell high – automatically Target Setting – Take profits on the up and minimise loss on the down Price Locking – Adjust your stop price to lock in rises when shares climb.

Wait a minute, they actually charge extra for things like Limit orders and stop losses?? !!!!!!?

sabretoothtigger

No not exactly. They normally charge £2 up front then deduct the money from the final commission.

If the order never gets used then yea you are right.


I thought the offer was quite good because they'd still deduct £2 off any future deal. There cheapest sell commission is already £3 so that means you could sell a bit of your holding for £1 in future with this offer.

Downside is the limit and range orders I set are limited to 3 months


I accidentally set a limit order for 2p :laugh: they were good enough to ignore it luckily


I was going to set like 10 different orders for each share but they only allow one each which is a bit crap
'




Also another offer for the whole of this week is Free international share dealing
normally its a massive 17.95 which Im sure you've got a better deal on.
So bear in mind the cost of selling, Im unsure of the cost to sell or if it would also be 17.95


http://www.halifax.co.uk/sharedealing/Product_landing_pages/international_trading_offer.asp

tradetime

Fook, no wonder they call this place Ripoff Britain, so if you place a protective stop, or a limit buy or sell that are never hit and expire, you get stung for the £2 fee that you paid up front,? Unbelievable :rotfl::rotfl::rotfl: I shall have to look more closely at my Mickey Mouse broker that runs my ISA for what BS fees it charges.

sabretoothtigger

Its one of the good things about selftrade is that they dont charge for orders. Not sure about other companies

I have a phobia of stop loss orders, etc anyway. They always sell just before the price rises back 100%
I just try to sell a bit at the top so I can buy at the bottom, limit my risk that way hopefully

tradetime

sabretoothtigger wrote: »

Its one of the good things about selftrade is that they dont charge for orders. Not sure about other companies

Yeah cheers, I shall look at mine, though for an ISA I wouldn't use a lot of orders that wouldn't trigger, though a stoploss has to be moved with price progression

sabretoothtigger wrote: »

I have a phobia of stop loss orders, etc anyway. They always sell just before the price rises back 100%
I just try to sell a bit at the top so I can buy at the bottom, limit my risk that way hopefully

Hehe, it can happen that way, but it shouldn't happen a lot, depending on how you place a stop. Unfortunately many people go about it as follows.
Hmmn think I'll buy BAC, like the look of it. How many shares can I afford / want to buy? OK 5000, now how much am I willing to lose? $2500 ok that means my stop must be 50c away.
Which is fine, it achieves one objective, prevents them from losing more than $2.5k, but the stop is nowhere, no reason why it shouldn't be hit. A stop should be at a level where if it is hit then the trade is most likely wrong, ie somewhere below decent support with enough wiggle room for it to be tested, or above decent resistance. So when your stop is hit it is not a trade you want to be in anyway, since it most likely will go much further the wrong way, thus the stop will be one of the determining factors in position size (not the other way round) and whether the trade is worth taking or not on a risk / reward basis. But of course as I know you know, there are no guarantees in the markets, you can get hit still, but at least it shouldn't be that often