Buying and selling stocks/shares-- Platform to use.???
Discussion
Can someone please guide me in the right direction as to what platform to use to buy and sell stocks and shares. I have never done this before and want an easy to use platform that does not charge me a huge fee to buy and sell.
Would Barclays Stockbrokers be a good option for me to use? Can you guys please recommend any others.?
Would Barclays Stockbrokers be a good option for me to use? Can you guys please recommend any others.?
Edited by jenzo on Tuesday 9th February 11:17
jenzo said:
Can someone please guide me in the right direction as to what platform to use to buy and sell stocks and shares. I have never done this before and want an easy to use platform that does not charge me a huge fee to buy and sell.
Would Barclays Stockbrokers be a good option for me to use? Can you guys please recommend any others.?
Then don't buy UK shares for a start - you pay stamp duty and commission.Would Barclays Stockbrokers be a good option for me to use? Can you guys please recommend any others.?
Edited by jenzo on Tuesday 9th February 11:17
Op theres quite a few platforms within the uk. Your choice will to some extent depend on your circumstances.
How often do you intend to trade? Is it going to be your full time job? or are you just trading occasionally.
Also the platforms vary in what your opening balance needs to be to open the account.
Have a look on here for sites that do annual reviews of most brokers.
http://www.consumersearch.com/online-brokers/revie...
Barron's is usually a good guide to go by
How often do you intend to trade? Is it going to be your full time job? or are you just trading occasionally.
Also the platforms vary in what your opening balance needs to be to open the account.
Have a look on here for sites that do annual reviews of most brokers.
http://www.consumersearch.com/online-brokers/revie...
Barron's is usually a good guide to go by
Edited by twinturboz on Tuesday 9th February 18:54
I use barclays stockbrokers, they are decent enough. Have had one major issue with them when I was unable to sell but it was in a particularly volatile half hour where a share spiked through the roof, but thats life.
My advice would be to stock to a reputable stockbroker, and dont be overly concerned about dealing costs. I also had an account with natwest stockbrokers, and they were more expensive to deal with by about £3 or £4, but often they would offer better prices than barclays, so spend more time researching companies you are interested in investing in rather than the dealing charges
edited for poor effort on my spelling
My advice would be to stock to a reputable stockbroker, and dont be overly concerned about dealing costs. I also had an account with natwest stockbrokers, and they were more expensive to deal with by about £3 or £4, but often they would offer better prices than barclays, so spend more time researching companies you are interested in investing in rather than the dealing charges
edited for poor effort on my spelling
Edited by matsmith on Wednesday 10th February 11:39
only if you had a bloomberg login in the last 6 months at a cclient of ours.
We offer a loyal users programme where by you can get a trial to look for a new job if you have been made redundant, but there are obvious checks to make sure your not using it for trading and actually looking for a job.
We offer a loyal users programme where by you can get a trial to look for a new job if you have been made redundant, but there are obvious checks to make sure your not using it for trading and actually looking for a job.
Thank you for all your kind input guys. I am new to this and for the time being looking at buying and selling occasinally using a simple platform that does not charge a huge amount. I will go through the platforms mentioned and see whats best suited for me.
Barclays stockbroker charges you per quarter if you dont do any trades for 3 months which I thought was a little cheeky
Seany88 said:
Anyone use TD Waterhouse? I went to them by default when Hoodless Brennan decided to pack up their execution only service...I find their spreads to be a bit bigger than i'd like...
I do.Does anyone else find their "trading limits" an issue? For example, you deposit 5k in cash with them, go to buy 5k of shares and they tell you that you are only allowed to buy 2k of a given share. They say the reason for this is to minimise their exposure to risk, but given they already have my cash sitting in hand, the risk is all on me isn't it?
Yep I used to use Td waterhouse too. For the occasional trader its a pretty good platform and simple to use.
However as I was going to full time trading I noticed a few things that made me switch:
Takes forever to change your limit price,
Have to keep hitting the quote button for a price,
If the market is very volatile and there is large volumes the site will crash, think this also applies to a few other platforms too.
However as I was going to full time trading I noticed a few things that made me switch:
Takes forever to change your limit price,
Have to keep hitting the quote button for a price,
If the market is very volatile and there is large volumes the site will crash, think this also applies to a few other platforms too.
I mostly spread bet but when i looked at equities platforms the cheepest are www.Simplystockbroking.com charge £8 per trade and then www.Idealing.com charge £9.90 per trade. Both have rate comparison tables on there sites or look at www.247bull.com or ADVFN for independent reviews.
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