Opening a stocks and shares ISA

eskbanker

Elmer_Dudd said:

Timing when to sell shares is also a bit difficult..sold a few as an experiment and it took a few days for the sale to go through so you dont get the share price of the day you sell but almost 2 days later and then another few days for the money to get back into the Iweb cash account and a further delay of a day or so before you can withdraw it to your bank..so not instant.

Were you selling shares (where you'd expect real-time pricing) or fund units (where you wouldn't)?

Elmer_Dudd

My mistake it was fund units..keep calling them shares...oops!

Albermarle

With funds you get the price at the next pricing point, which is once daily ( actual time varies between funds) .
Plus the platform will have an earlier cut off time and if you buy/sell after that you will not get the next pricing point but the one after that .
Then it can take another couple of days for the deal to be settled .
Some platforms /companies ( usually the more expensive ones ) will help to speed up the process if you switch between funds , by not waiting for the sale of one fund to be settled before making the purchase of another one.