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    Buying shares online?

    Just about to buy some shares, either £500 or £1,000's worth.

    First of all I'm wondering what the best site is to get them from? Can you just get them from the ftse site? Secondly, just wondering if there's anywhere better than ftse, and if it's at all possible to get any cashback or similar deals?

    Thanks!

    6 Comments

    pretty sure that for money laundering reasons it is necessary to produce utility bills and proof of id to open an account to deal. you can't buy from ftse, it needs to be a broker, bank or similar. give your own bank a call (or try website) as this may speed up opening the a/c. in terms of commissions, you may find that one is £10 & one £12.50 for example but then the difference can be swallowed with the price paid which is all in the timing (finger in the air).

    cashback, 'fraid not. some reduce the charges for frequent traders but it wouldn't apply in your case.

    you understand that it's a long term investment and the "spread" and that you may be buying near the top... and that you probably need a 10% increase to even cover your buying and selling fees...

    Use Hoodless Brennan, you only need a NI number to open a account and the first month is comiision free.


    blizeH

    Just about to buy some shares, either £500 or £1,000's worth.First of all … Just about to buy some shares, either £500 or £1,000's worth.First of all I'm wondering what the best site is to get them from? Can you just get them from the ftse site? Secondly, just wondering if there's anywhere better than ftse, and if it's at all possible to get any cashback or similar deals?Thanks!

    I use ]selftrade. They've been very good.

    But if you want the cheapest poss, I believe that ]iWeb are one of the cheapest at only £10 per "deal".

    :pirate: CJ :pirate:

    Civic EG6

    Use Hoodless Brennan, you only need a NI number to open a account and the … Use Hoodless Brennan, you only need a NI number to open a account and the first month is comiision free.


    These brokers have a slightly blemished track record for 'treating the customer fairly'!

    Read more here

    herbertsmith.com/NR/…tml

    i use [url]www.iii.co.uk[/url]

    very simple to use with a £10 fee per transaction. it does however take a while to register. they send a temporary password in the post so thats a a few days wait. They may also do random checks for ID i.e drivers license.

    however the site is very simple to use. If you are lookngi for steady growth then invest in a FTSE company but for high growth look at the AIM market. BUT and i mean BUT remember with greater growth will come higher risk. ALWAYS RESEARCH and dont read into any tips that people put up on forums. They just want to jack up the price for personal gain.

    first thing you have to decide is are you going to hold certificates or a nominee account.Forgive me but £500-£1000 is not alot to invest and fees can take up quite a bit of any profit also when buying there is a goverment levy of 0.5% on the cost before dealing.
    A certificated trade will cost between £15-£25 and you will be allowed 7-21 days(depending on broker) to settle and dividends sent to you direct.
    A nominee account is held in the brokers name but all dividends are paid to you by broker
    Internet brokers usually charge around £10 no matter the size of the deal but I believe the Halifax has a good service where you can save so much per month to invest.
    I use iii.co.uk for internet (£10)and stocktrade for certificate(£15) part of the brewin dolphin group
    As for investing you can invest also in the 250 market or aim but at current rates a isa tracker fund might be better and it is tax free for the sum you are currently investing. With the benifit that you can add to it at anytime.
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