Platform for share dealing ( Robin Hood )

MaxterMind

I have not previously purchased shares, but have been considering the possibility of purchasing some.
I have located the MSE webpage below which provides the names of some platforms. I would require only a purchase/sell facility as I would obtain advice elsewhere, though I would intend very few trades per year.
https://www.moneysavingexpert.com/savings/cheap-online-sharedealing/#buy

I have heard the Robin Hood platform referred to elsewhere (linked-to below), but perhaps this is only for use in the US only. Would anyone know? I'm in the UK, and would purchase shares listed on LSE.
https://robinhood.com/us/en/

AnotherJoe

MaxterMind said:

I have not previously purchased shares, but have been considering the possibility of purchasing some.
I have located the MSE webpage below which provides the names of some platforms. I would require only a purchase/sell facility as I would obtain advice elsewhere, though I would intend very few trades per year.
https://www.moneysavingexpert.com/savings/cheap-online-sharedealing/#buy

I have heard the Robin Hood platform referred to elsewhere (linked-to below), but perhaps this is only for use in the US only. Would anyone know? I'm in the UK, and would purchase shares listed on LSE.
https://robinhood.com/us/en/

Well, Likely  there's your first mistake. Which ones?

grumiofoundation

Robinhood cancelled/postponed uk launch ~1 month ago
https://www.theguardian.com/business/2020/jul/21/robinhood-cancels-uk-launch-of-its-investment-app

Not to sound harsh but the Venn diagram of people who aren't able to find out about Robin Hoods delayed launch in the UK and the people who are likely to be able to do the due diligence to purchase individual shares and not be basically gambling is a very small overlap.

When you say you have not purchased shares do you mean you have not purchased individual shares but have experience investing or that you have never invested. If the latter why individual shares rather than globally diversified funds?


https://monevator.com/what-is-a-share/
https://investor.vanguard.com/investing/how-to-invest/

dunstonh

I have heard the Robin Hood platform referred to elsewhere (linked-to below),

Thankfully, they are not launching in the UK any more which will save many mugs in the UK from making a costly mistake.  Or even losing their lives.

I'm in the UK, and would purchase shares listed on LSE.

What knowledge do you have which would allow you to carry out such activity successfully?

wmb194

The cheapest stockbrokers in Britain that I know of at the moment are Trading212 and Freetrade. If you want a fairly cheap, popular and well established broker then iWeb is a good one to look at. It's a rebranded offering of Halifax Stockbrokers and a part of Lloyds Banking Group.

steampowered

You are better off going with a reputable, established platform.

And you are better off purchasing a sensible diversified passive or index fund; than trying to select individual shares.

talexuser

According to Matthew Lynn (a free marketeer in the Borisgraph Business section a couple of days ago) Robinhood is wonderfull that ordinary Americans are spending their Trump handouts on buying shares hoping to cash in on a short term gain. Apparently it negates the effect of passive trackers to have active investors chasing fashion shares, and helps drive the market to new highs. Perhaps the lesson of the 20s where gambling on the market by all and sundry did not end well no longer applies in the era of QE. 

Thrugelmir

talexuser said:

According to Matthew Lynn (a free marketeer in the Borisgraph Business section a couple of days ago) Robinhood is wonderfull that ordinary Americans are spending their Trump handouts on buying shares hoping to cash in on a short term gain. Apparently it negates the effect of passive trackers to have active investors chasing fashion shares, and helps drive the market to new highs. Perhaps the lesson of the 20s where gambling on the market by all and sundry did not end well no longer applies in the era of QE. 

Takes two parties to trade. Someone is selling.......... and it's not passive investors. 

Sailtheworld

Traders get paid to trade - what are they expected to do?