|
|
Buying stocks and shares online is far
more convenient than having to telephone or visit your stock broker, and
with the high security used by modern online stockbrokers, your trades
are kept safe through secure server technology. Most online share
dealing services allow you to place orders 24 hours a day, 7 days a week,
so you can (trade shares online) whenever it is convenient to you, without
having to worry about having to stick to market hours to contact your share
dealing company.
From the many online stock brokers available,
PandaCash has chosen a selected few which seem to offer a combination of
inexpensive service and in some cases, free stock research.
UK Online Share Dealing
Barclays
Stockbrokers
Major bank, Barclays plc, offers an online
sharedealing service with commissions fixed at 1% of the value of your
trade. The minimum commission is £11.99 and the maximum is
£39.99. The maximum deal size which you can place through their
internet service is £40,000. Currently Barclays only allow
you to trade during market hours. The Barclays site allows you to
access share graphs and 20 minute delayed share prices without having to
be a member of their dealing service.
Charles
Schwab Europe
International stockbrokers, Charles Schwab,
took over the popular ShareLink a number of years ago. Please see
their site for details of share dealing accounts available and current
dealing costs.
All accounts allow you free access to Reuters
Investor Service which gives you news and market information on-line, and
Charles Schwab Europe clients can call their automated Pricefinder Service
for real time prices of around 3,700 companies.
E*TRADE
UK
E*TRADE UK offer commission service dependant
upon the value of your trade and the number of trades you have previously
placed with them. Costs can be as low as £6.95 per trade.
Please see their site for full details of pricing. Free stock research
is also available to all customers who use E*TRADE UK to deal in shares
online.
NatWest
Stockbrokers Brokerline
BrokerLine is NatWest Stockbrokers' easy to use execution only online and
telephone share dealing service. Ideal for customers who are trading three
or more times a year, it offers a variety of services designed to make share
dealing easy.
- Choose to trade online or by telephone
- Benefit from competitive commission rates with discounts for NatWest
Advantage Premier customers
- Place dealing instructions 24 hours a day, 7 days a week*.
- Hold shares in nominee account or trade using certificates
- Make informed decisions with our online research and investment
tools
- Learn about share dealing from our online education
- Use our live portfolio tracking to see the value of your shares at
any time
- Set limit orders for up to 25 days
- Spread your investments by trading in UK and international equities,
investment trusts, bonds, unit trusts, gilts and new issues.
For more information or to open a BrokerLine account, go to
www.natweststockbrokers.co.uk or call 0870 600 4080.
- Lines are open 8am-5pm, Monday to Friday (except Public and Bank holidays).
Calls are charged at national rate and may be recorded for security and
training purposes. System updates will mean that our online service may be
unavailable for short periods in the early hours of Sunday mornings.
This information has been approved for the purposes of section 21 (2) (b)
of the Financial Services and Markets Act 2000 by NatWest Stockbrokers
Limited. Please remember that the value of investments, and the income from
them, can go down as well as up, and that you may not recover the amount of
your original investment. Where an investment involves exposure to a foreign
currency, changes in rates of exchange may also cause the value of the
investment to go up or down.
NatWest Stockbrokers Limited is a member of the London Stock Exchange and
OFEX and is authorised and regulated by the Financial Services Authority.
Registered office: Waterhouse Square, 138-142 Holborn, London, EC1N 2TH.
Registered in England No. 1959479. NatWest Stockbrokers Limited is operated
by a joint venture between The royal Bank of Scotland Group plc and The
Toronto-Dominion Bank.
REDM
An Appointed Representative of Redmayne
Bentley Stockbrokers, REDM offers company information and 15 minute delayed
share prices to online clients. Their charges are 0.5% of consideration,
with a minimum cost of £12.95 and a maximum of £39.95.
Hargreaves
Lansdown Stockbrokers Ltd
With a fixed rate commission of £9.95
per deal, Hargreaves Lansdown claim to offer the best deal online.
They charge an additional service charge of £12.95 per quarter and
ask that you open a Bank of Scotland account through them with a minimum
balance of £1,000 to commence trading. Their free site services
include delayed share prices, general news headlines and specific company
news, extensive graphing facilities and world indices. In addition
to this, registered users can access real time stock market prices, access
company research and receive 3 monthly share research newsletters which
go by the names of Inside the City, Penny Share, and AIM bulletin.
Online Share Dealing
USA
Ameritrade
Ameritrade are a flat rate stockbroking
company. They charge $8.00 per trade, regardless of the number of
shares you buy. For stop and limit orders there is and extra cost
of $5.00. Their customer service department is available to help
you by phone or e-mail 25 hours a day. People opening an Ameritrade
account have access to 100 free real-time quotes, plus a further 100 quotes
for every internet trade they execute. Ameritrade also offer customizable
charts and market summaries. Their research tools include company
profiles and earnings estimates, plus financial news from Business Wire,
Reuters, and PR Newswire. Free market reports are also available
- these can be delivered by e-mail, pager or e-mail enabled mobile phone.
BUYandHOLD.com
Launched in November 1999, BUYandHOLD.com
allows online investors to buy and sell stocks for only $2.99 per order.
They will allow you to open your account with as much as you like, as long
as it's $20 or more, and you can make stock purchases online for as little
as $20. They'll even allow you to buy a fraction of a share.
They currently trade in over 1,400 shares and the list is growing as time
goes by. Orders can be placed outside market hours and are are executed
during BUYandHOLD.com's next execution session. They hold two sessions
per day - the morning session is between 10:30am and 11:30am EST, the afternoon
session is from 2:30pm to 3:30pm. Their website features free share
research including news, charts, statistics and analyst ratings.
Datek
Online
With a free stock streamer providing free
real time quotes, and charts and stock market news available from their
site, Datek Online charges $9.99 for all trades. They limit you to
buying a maximum of 5,000 shares per internet trade.
SureTrade
SureTrade charge $7.95 per trade.
Limit orders cost $9.95. For shares priced at less than $2.00 each,
they charge a further $5.00 for the first 5,000 shares. In addition,
they charge a further 1c per share on the whole order for all trades above
5,000 shares on stocks under $2.00. They have teamed up with
a number of information sources to allow you to access share charts,
historical prices and research.
Free Stock Information
and Analysis
In addition to the research
provided by the online stock brokers detailled above, further free share
information and is available online or by analysis software. To check
out the best sources of this information, visit our Stock
Analysis feature page. |
