Sharedealing - cheapest?

comicmankev

Anyone got any suggestions on a good ONLINE sharedealing company with low costs? Please incude trading costs and monthly account costs if applicable!

System

:)Comdirect are the best £12.50 a deal by phone or online no monthly fees . I use them all the time and if you get someone to refer you ,and you place a deal you both get £50 put into your account !

Pal

Does comdirect have an inactivity fee? I am going to transfer my gambling fund out of selftrade to someone who doesn't charge for doing nothing.

comicmankev

I would also like to know if there is an inactivity fee - TDWaterhouse was great until they sprung the inactivity fee on me >:(

comicmankev

And whats your referal???????

comicmankev

And whats your referal???????

MA_10

Comic

There is no inactivity fee with Comdirect!! Drop me an Email and I will supply you with the link to ensure a free £50

Hear from you in due course!!

System

comicmankev
Just to confirm that they do not have an inacitivity Fee and that they are very efficient.
I can also supply you with a link if you like . To qualify for the free £50 you have to buy shares worth £500 or transfer some share certificates also worth £500 or more into their nominee account,which you can sell when you like !

System

The following is a cheap sharedealing service which is now part of Halifax Group.

http://www.iwebsharedealing.co.uk/

Charges are just £10 per deal for UK stocks. No administration charges, no quarterly holding charges, in fact, no other charges at all!

Hope this helps.


Steve

cport80

After spending a few weeks looking around I've gone for Halifax's sharebuilder account.

Realtime buys are £11.95 but you can deposit funds and take advantage of scheduled trades which only cost £1.50.

Share selling is realtime and costs £11.95 but if the sale value of the deal is under £250 it only costs £5 (this is real-time, not scheduled).

This seems like a good deal for small investors especially as there are no annual management fees and the only other charges are the standard stamp duty (0.5% of share purchases) and £1 PTM levy if you buy/sell £10,000 worth of shares.

The down side is it's not an ISA and they expect you to deposit £20 per month (although you don't have to invest it until you're ready to). You can also make one-off deposits to be investmented either on scheduled dates or real-time.

There are some restrictions on what you can invest in (unit trusts, oeic's and gilts). More details here: http://www.halifax.co.uk/sharedealing/formsandtools_eligible.shtml

I figured the reduced costs involved would make it a good starting point so decided to give it a go. I applied last sunday and my account is now active. I also had a call on wednesday from their customer service team to check my security codes had arrived and asking if I had any questions about the account.

Now I just need Warren Buffets phone number and I'm all set

plumb1_2

Does comdirect have an inactivity fee?  I am going to transfer my gambling fund out of selftrade to someone who doesn't charge for doing nothing.

No inactivity fee,see my post in the Referals Board
Transfer your Dealing, ISA and PEP accounts to comdirect and we'll refund a maximum of £100 per individual account type (total £300) of transfer costs.
We'll also refund up to £100 of transfer costs on SIPP Dealing and Investment Club accounts. Find out more

You'll also benefit from fast, efficient execution of trades and low fees:

All trades a flat £12.50 online and by phone
No percentages and no inactivity charges
Choice of equities, funds, gilts, bonds and covered warrants
Limit and Stop Orders at no extra charge
Our service is supported by a dedicated Customer Services team to handle all your calls and emails


Dealing accounts – No account fee, just £12.50 per trade
Investment freedom with limits and stop orders good for up to 90 days plus instant account funding via debit card. Find out more