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Can anyone recommend a good & cheap stockbroker for share certificate holders
Covered End
Posts: 52,232
I was considering selling some shares, for which I hold a share certificate.
The 2 brokers I usually use, seem to be no good for me now.
Shareview Dealing/Equiniti appear now to only deal in shares that they are the Registrar.
LloydTSB Share Dealing, no longer exist.
Obviously, I googled, but after an hour, I've given up. I can't find an execution only service for certificated shares, with a low cost.
There must be one, any ideas ? Obviously you must have used them recently or I'll likely have the same issue, that the T&C's have changed.
Apologies for being boring & lazy.
The 2 brokers I usually use, seem to be no good for me now.
Shareview Dealing/Equiniti appear now to only deal in shares that they are the Registrar.
LloydTSB Share Dealing, no longer exist.
Obviously, I googled, but after an hour, I've given up. I can't find an execution only service for certificated shares, with a low cost.
There must be one, any ideas ? Obviously you must have used them recently or I'll likely have the same issue, that the T&C's have changed.
Apologies for being boring & lazy.
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Comments
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I think Halifax share dealing were quite cheap0
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I've looked at them. But only cheap if online deals and they don't do online deals for share certificates, only telephone.
Thanks anyway.
http://www.halifax.co.uk/sharedealing/charges/default.asp0 -
CE what about Redmayne & Bentley?0
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1.65%, not exactly cheap. Thanks anyway.Mendonca In Asdas said:CE what about Redmayne & Bentley?
http://www.redmayne.co.uk/sharedealing/charges.htm0 -
Have you asked if you can first transfer the shares to the online service, without mentioning you are going to sell them later?0
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I'm quite sure that can be done. But I was just looking to sell, without the hassell of having to do that.Dippenhall said:Have you asked if you can first transfer the shares to the online service, without mentioning you are going to sell them later?
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How about Nat West or Barclays?0
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Might be the cheapest way. On the MoneySavingExpert site there is an old article which mentions Abbey. So that is Santander now and looks like it will be £60+ rather than the £10-15 for shares in a nominee account. http://www.santandersharedealing.co.uk/content/Libraries/Scale_of_charges/Scale_of_Charges.sflb.ashx
There is a very long forum thread as well and a quick look has people mentioning Skipton / Yorkshire and also XO. I have no experience with any of those companies though.
http://forums.moneysavingexpert.com/showthread.php?t=59404
Might be asking raising the question in their forum or over on The Motley Fool.
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Hargreaves Lansdown ?0
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but nowhere is 'cheap' nowadays .. like bookies, there's no such thing as a skint stockbroker0
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Sponsored links:
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Charge 1% (£20 minimum, £50 maximum) for telephone and post dealing.Lincsaddick said:Hargreaves Lansdown ?
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Thanks guys, keep the suggestions coming.0
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Try Stocktrade. 1 per cent commission for certificated sales, minimum charge of £25.0
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I use Halifax but that's for deals I've already placed with them, although look out for their special where all trades are £2.50 might apply to telephone as well0
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Ring 395 looks the cheapest. £3.95 for a sale + £6 to transfer the share into their nominee a/c & £6 to withdraw your cash = £15.95.cabbles said:
Do you use these cabbles or does anyone else ?0 -
I must confess CE I stumbled across them through researching Employee Benefit providers (it's part of my job to pitch these type of companies for an event I work on). I don't actually know much about shares or share dealing on a personal level, just saw the price and thought it was cheap compared to the others, might be worth letting you know.Covered End said:
Ring 395 looks the cheapest. £3.95 for a sale + £6 to transfer the share into their nominee a/c & £6 to withdraw your cash = £15.95.cabbles said:
Do you use these cabbles or does anyone else ?
Sorry I can't be of help. I wish I did own some shares in something
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Thanks mate. I'll probably give them a go.1
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Thanks PL54, I used Halifax in the end. I lodged the shares into their nominess, then sold them for £12.50 online,PL54 said:I think Halifax share dealing were quite cheap
instead of about £100 if I'd sold the certificated shares by phone.0 -
You buying Roly out CE?0
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Sponsored links:
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Huh ?bolloxbolder said:You buying Roly out CE?
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Did you have a look at that mob I found in Kent, were there hidden fees?Covered End said:
Huh ?bolloxbolder said:You buying Roly out CE?
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Ring 395 Charges
Dealing Commission £3.95
Transfer in of Shares £5.00 + VAT
Cash Withdrawal Fee £5.00 + VAT
So it would have cost me a little bit more and as I hadn't heard of them prior to your advice, I decided to go with Halifax. At least you can walk into a branch if you want to speak to someone face to face.
Thanks anyway, much appreciated.0
