Which broker do you trade with
Discussion
Firstly I am not an experienced trader.
I pay in to a company share save scheme through work and in the past have sent all my shares to X-O who are owned by Jarvis Investment.
They only charge 5.95 per trade as a flat rate which on looking around seems to be one if the cheapest.
I understand they act on instruction only so they dont offer any advice etc which I am fine with.
2 issues I have with them but not sure if this is the norm or just because they are a no frills service.
The first is when you instruct to sell the trade goes through 2 says later. Is this a standard or unique to X-O.
The other and one that is more frustrating is having to email them to withdraw funds.
With the above in mind are there any better alternatives I should consider before sending off my new certificate to them?
I pay in to a company share save scheme through work and in the past have sent all my shares to X-O who are owned by Jarvis Investment.
They only charge 5.95 per trade as a flat rate which on looking around seems to be one if the cheapest.
I understand they act on instruction only so they dont offer any advice etc which I am fine with.
2 issues I have with them but not sure if this is the norm or just because they are a no frills service.
The first is when you instruct to sell the trade goes through 2 says later. Is this a standard or unique to X-O.
The other and one that is more frustrating is having to email them to withdraw funds.
With the above in mind are there any better alternatives I should consider before sending off my new certificate to them?
IWeb (Halifax) are £5/trade:
http://www.iweb-sharedealing.co.uk
They jacked up their account opening fee a while back back it seems to be back at £25.
I don't know what X-O's platform is like, but IWeb seem to use a similar system to III, who I used previously.
http://www.iweb-sharedealing.co.uk
They jacked up their account opening fee a while back back it seems to be back at £25.
I don't know what X-O's platform is like, but IWeb seem to use a similar system to III, who I used previously.
Gareth79 said:
IWeb (Halifax) are £5/trade:
http://www.iweb-sharedealing.co.uk
They jacked up their account opening fee a while back back it seems to be back at £25.
I don't know what X-O's platform is like, but IWeb seem to use a similar system to III, who I used previously.
III were a white label of Halifax back then so it was all ultimately Halifax for equity execution. http://www.iweb-sharedealing.co.uk
They jacked up their account opening fee a while back back it seems to be back at £25.
I don't know what X-O's platform is like, but IWeb seem to use a similar system to III, who I used previously.
DaveH23 said:
Firstly I am not an experienced trader.
I pay in to a company share save scheme through work and in the past have sent all my shares to X-O who are owned by Jarvis Investment.
They only charge 5.95 per trade as a flat rate which on looking around seems to be one if the cheapest.
I understand they act on instruction only so they dont offer any advice etc which I am fine with.
2 issues I have with them but not sure if this is the norm or just because they are a no frills service.
The first is when you instruct to sell the trade goes through 2 says later. Is this a standard or unique to X-O.
The other and one that is more frustrating is having to email them to withdraw funds.
With the above in mind are there any better alternatives I should consider before sending off my new certificate to them?
It sounds like JIM may be pooling up client trades to place them as one block order every other day. Assuming they are LSE members it probably saves them a fortune as member execution fees were always around £1 per 'shape'. So, that makes a big difference to pay £1 for a load of client orders rather than £1 for each of them. I pay in to a company share save scheme through work and in the past have sent all my shares to X-O who are owned by Jarvis Investment.
They only charge 5.95 per trade as a flat rate which on looking around seems to be one if the cheapest.
I understand they act on instruction only so they dont offer any advice etc which I am fine with.
2 issues I have with them but not sure if this is the norm or just because they are a no frills service.
The first is when you instruct to sell the trade goes through 2 says later. Is this a standard or unique to X-O.
The other and one that is more frustrating is having to email them to withdraw funds.
With the above in mind are there any better alternatives I should consider before sending off my new certificate to them?
It seems surprising to find a firm doing something like that these days if I've understood it correctly that they execute and give you a fill price up to two days after you place the order? It seems to fly in the face of best execution regs.
Or, is it that they execute when you ask them to, confirm price but settle the trade T+2 so get the cash 2 days later?
Jarvis were always a little 'parochial' tucked away down in Tunbridge but a good firm.
youinvest.com used to be AJBell. Still owned by them just rebranded. Similar to above with Hargreaves they arent the cheapest but nice platform, very good phone app and the IVR is limited so you get to an advisor fairly quickly. Also allowed me to buy on the ASX...well until recently where they have upped the minimum to £10K for ASX trades which me thinks might have spared me from gambling ...er i mean investing unwisely
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