Should I use Equiniti to sell shares?

benny5

I have a few low value stock holdings (EX Building Society conversions to PLC status) on the Equiniti.com platform that I plan to sell off.

Their fees appear very high. E.G. They are quoting a fee of £40 for one holding with a market value of £480.

Is that reasonable?

FrugaiMacDugal

Have a look at IWeb.

wmb194

benny5 said:

I have a few low value stock holdings (EX Building Society conversions to PLC status) on the Equifax platform that I plan to sell off.

Their fees appear very high. E.G. They are quoting a fee of £40 for one holding with a market value of £480.

Is that reasonable?

No. Are they held as certificates or wholly electronically? If certificates you need a broker a that'll accept them e.g., iWeb (£5 per trade, no account fee) or if electronic - or after they're electronic with iWeb - then you could transfer them to e.g., Trading212 or Freetrade and sell them for free. 

The one thing to check is that a broker offers a particular company's share but it probably won't be a problem with yours.

benny5

wmb194 said:

benny5 said:

I have a few low value stock holdings (EX Building Society conversions to PLC status) on the Equifax platform that I plan to sell off.

Their fees appear very high. E.G. They are quoting a fee of £40 for one holding with a market value of £480.

Is that reasonable?

No. Are they held as certificates or wholly electronically? If certificates you need a broker a that'll accept them e.g., iWeb (£5 per trade, no account fee) or if electronic - or after they're electronic with iWeb - then you could transfer them to e.g., Trading212 or Freetrade and sell them for free. 

The one thing to check is that a broker offers a particular company's share but it probably won't be a problem with yours.

While I still have the original certificates they also appear on my  Equiniti.com A/C.
It was from their platform that I obtained the 'Sell' quotation, so my assumption is they are wholly electronic as they were prepared to process the transaction for the fee indicated.

jimjames

benny5 said:

wmb194 said:

benny5 said:

I have a few low value stock holdings (EX Building Society conversions to PLC status) on the Equifax platform that I plan to sell off.

Their fees appear very high. E.G. They are quoting a fee of £40 for one holding with a market value of £480.

Is that reasonable?

No. Are they held as certificates or wholly electronically? If certificates you need a broker a that'll accept them e.g., iWeb (£5 per trade, no account fee) or if electronic - or after they're electronic with iWeb - then you could transfer them to e.g., Trading212 or Freetrade and sell them for free. 

The one thing to check is that a broker offers a particular company's share but it probably won't be a problem with yours.

While I still have the original certificates they also appear on my Equifax A/C.

Can you post a link to the site you're using? Equifax are a credit reference agency so you might not be using a valid site

wmb194

benny5 said:

wmb194 said:

benny5 said:

I have a few low value stock holdings (EX Building Society conversions to PLC status) on the Equifax platform that I plan to sell off.

Their fees appear very high. E.G. They are quoting a fee of £40 for one holding with a market value of £480.

Is that reasonable?

No. Are they held as certificates or wholly electronically? If certificates you need a broker a that'll accept them e.g., iWeb (£5 per trade, no account fee) or if electronic - or after they're electronic with iWeb - then you could transfer them to e.g., Trading212 or Freetrade and sell them for free. 

The one thing to check is that a broker offers a particular company's share but it probably won't be a problem with yours.

While I still have the original certificates they also appear on my Equifax A/C.
It was from their platform that I obtained the 'Sell' quotation, so my assumption is they are wholly electronic as they were prepared to process the transaction for the fee indicated.

*Equiniti I presume. If you're registered for it you're able to see certificates online and you can process a sale and then send the certificate(s) in later so my guess is that your holding is certificated.

benny5

My apologies. That should have said Equiniti.com. (Shareview).