Share Trading Websites
Discussion
Hi All,
Thought i'd ask the community regarding the best websites for share trading / dealing.
Does anyone recommend a website with cheap transaction fee's, commissions and annual fee?
I'm not looking to do lots of trading, but start building up a portfolio of bluechip companies, and some slightly higher risk investments as a big of a nest egg as and when i get a bit of spare cash.
With the interest rates so low, i thought a risk on the markets could be worth a punt.
Also, does anyone have any suggestions for investment. I'm interested in penny shares for some long term investment as well as the main blue chip FTSE 100 shares, which i have been keeping my eye on over the last few months.
Going to have an initial investment of £1000 and then monthly / bi-monthly investment in new shares.
Any ideas and advice is greatly appreciated from anyone with experience, or success from existing investments.
Thanks a lot!!
Ross
Thought i'd ask the community regarding the best websites for share trading / dealing.
Does anyone recommend a website with cheap transaction fee's, commissions and annual fee?
I'm not looking to do lots of trading, but start building up a portfolio of bluechip companies, and some slightly higher risk investments as a big of a nest egg as and when i get a bit of spare cash.
With the interest rates so low, i thought a risk on the markets could be worth a punt.
Also, does anyone have any suggestions for investment. I'm interested in penny shares for some long term investment as well as the main blue chip FTSE 100 shares, which i have been keeping my eye on over the last few months.
Going to have an initial investment of £1000 and then monthly / bi-monthly investment in new shares.
Any ideas and advice is greatly appreciated from anyone with experience, or success from existing investments.
Thanks a lot!!
Ross
I use www.iii.co.uk for trading @ £10 per trade for UK equities.
Given your modest initial investment, you may do better looking to invest into a fund rather than individual equities.
As an example, if you split £1000 into 5 stocks, you'd be paying £50 in charges (plus ~£5 stamp duty) - so you're 5.5% down before you start.
By £1k investing into fund(s), it's likely to cost between £0 and £15 as a buy-in fee, and your money is spread between tens of companies and managed by 'professionals' with access to a lot of information - though there's likely to be a small annual charge for this service.
However if you're looking for regular investments, iii offer a portfolio builder service for £1.50 per trade. They achieve this by merging multiple orders together, but the downside is that you lose the ability to buy at the exact time you want to so may end up (eg) buying when the stock is at a high and losing out.
As for share tips, my advise is to do your own reasearch and don't rely on internet forums... you'd do well to assume that every poster has a hidden adgenda.
If you want to take a risk, have a look at XEL - a North sea explorer who's sitting on a lot more oil than their share price reflects. They have a rig on order and could start producing in about a year's time - which could potentially double the current share price, but a lot could go wrong and you could just as easily lose money. Either way, you'd be in for a bumpy ride!
I've also had some recent success with the Jupiter India fund - I visit India for work and anticipate certain aspects of their economy (utilities, banks) growing fast as their middle classes grows so rapidly. But then they rely on the West buying their services, so a downturn here or in the US could hurt India big time.
Given your modest initial investment, you may do better looking to invest into a fund rather than individual equities.
As an example, if you split £1000 into 5 stocks, you'd be paying £50 in charges (plus ~£5 stamp duty) - so you're 5.5% down before you start.
By £1k investing into fund(s), it's likely to cost between £0 and £15 as a buy-in fee, and your money is spread between tens of companies and managed by 'professionals' with access to a lot of information - though there's likely to be a small annual charge for this service.
However if you're looking for regular investments, iii offer a portfolio builder service for £1.50 per trade. They achieve this by merging multiple orders together, but the downside is that you lose the ability to buy at the exact time you want to so may end up (eg) buying when the stock is at a high and losing out.
As for share tips, my advise is to do your own reasearch and don't rely on internet forums... you'd do well to assume that every poster has a hidden adgenda.
If you want to take a risk, have a look at XEL - a North sea explorer who's sitting on a lot more oil than their share price reflects. They have a rig on order and could start producing in about a year's time - which could potentially double the current share price, but a lot could go wrong and you could just as easily lose money. Either way, you'd be in for a bumpy ride!
I've also had some recent success with the Jupiter India fund - I visit India for work and anticipate certain aspects of their economy (utilities, banks) growing fast as their middle classes grows so rapidly. But then they rely on the West buying their services, so a downturn here or in the US could hurt India big time.
Thanks a lot for that reply. Very helpful and i'll take a look at III's website.
Do they have the option to invest into funds on their website?
Also is it easy to invest in foreign markets? Is anything special needed?
I have done a lot of research and i have a watchlist that has done well over the last few months. I had looked at doing share trading through my bank, but thought it was expensive, the website III you have recommended sounds a lot cheaper. I'll look into it further.
I imagine most people wouldn't give away any big share tips but anything anyone else can suggest so i can research and then make my own decision would be very useful. I'd like to try to steer away from some of the normal predictable shares such as banks, supermarkets etc etc.
Many thanks again
Ross
Do they have the option to invest into funds on their website?
Also is it easy to invest in foreign markets? Is anything special needed?
I have done a lot of research and i have a watchlist that has done well over the last few months. I had looked at doing share trading through my bank, but thought it was expensive, the website III you have recommended sounds a lot cheaper. I'll look into it further.
I imagine most people wouldn't give away any big share tips but anything anyone else can suggest so i can research and then make my own decision would be very useful. I'd like to try to steer away from some of the normal predictable shares such as banks, supermarkets etc etc.
Many thanks again
Ross
Wills82 said:
Do they have the option to invest into funds on their website?
Yes.Wills82 said:
Also is it easy to invest in foreign markets? Is anything special needed?
Yes - most brokers will be able to buy shares listed on any major international exchange. Think it's £15 / trade with iii. In terms of funds, a UK based fund may have overseas investments - like that India one I mentioned before.Gassing Station | Finance | Top of Page | What's New | My Stuff