Share Dealing

Compare the cost of share-dealing accounts to find the lowest trading costs and administration charges. Remember that stockbrokers charge fees in different ways, so look carefully at all the costs involved to find the right deal to suit your needs.

MoneySuperMarket doesn’t offer a comparison service for this type of product but we have compiled a list below of providers who can help

Share dealing accounts - featured accounts - ordered by cost per trade.

    • Provider/Product name Trading Account

      TD Direct Investing

      Trading Account

    • Product Details

      Cost per trade: £5.95 - £12.50 (online/mobile commission rate - UK equities & ETFs)
      Admin charge: £10 + VAT per quarter OR no fee (see below)
      Minimum/Maximum Trade per Annum: No minimum or maximum restrictions
      Available Markets: UK and International shares, AIM stocks, funds, ETFs, gilts & bonds. Trade directly on 17 international exchanges
      Payment Method: Debit card, stock transfers, bank transfers
      Access: Online, phone, mobile app

    • Go to site

    Great for
    Fast access to UK & 17 International markets - online, iPad app & mobile app
    Standard - £12.50
    Frequent - £8.95 (average 10+ trades/month in last 3 months)
    Active - £5.95 (average 20+ trades/month in last 3 months)
    Fund Platform Fee - 0.3% (up to £250,000), 0.2% (over £250,000), £1,500 maximum annual charge/account
    £0 admin fee if you place one or more trades per quarter, or have a portfolio value of £15k+, or have a Funds value of £10k+, or have a TD ISA or SIPP linked to this account
    But be aware that
    International trades are subject to an additional £5 charge on top of the online/mobile commission rate
    Telephone trades are subject to an additional £40 charge on top of the online/mobile commission rate
    Additional charges for trade values above £100,000 (see the Rates & Charges on their website for details)

    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.

    • Provider/Product name Share & Fund Trading Account

      Interactive Investor

      Share & Fund Trading Account

    • Product Details

      Cost per trade: £5-£10

      Admin charge: £20 every quarter

      Minimum / Maximum Trade per Annum: no minimum or maximum restrictions

      Available Markets: UK, European and US

      Payment Method: Debit Cards, credit transfer from Bank Account and Stock transfers.

      Access: Online, Phone, Mobile App

    • Go to site

    Great for
    Open a new trade account and benefit from £5 trades
    No additional charge for telephone trades, UK based help desk available
    Transfer to Interactive Investor and get up to £240, refer to provider for full T&Cs
    But be aware that
    0.5% Stamp Duty and PTM levy is charged to trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Dealing Account

      AJ Bell Youinvest

      Dealing Account

    • Product Details

      Cost per trade: £4.95
      Admin charge: None
      Minimum/Maximum Trade per Annum: None
      Available Markets: You can invest in any securities that are quoted on a recognised stock exchange and are settled within CREST. This range includes UK and Irish securities as well as share trading in international securities across 21 markets. You can also invest in government bonds, corporate bonds, permanent interest bearing shares (PIBS), warrants, covered warrants, investment trusts as well as exchange traded funds (ETFs) and exchange traded commodities (ETCs).
      Payment Method: Debit card, cheque or Direct Debit
      Access: Online, Phone, Mobile App

    • Go to site

    Great for
    Low cost dealing. £4.95 per online deal for funds. Excluding funds, online dealing is £9.95 which drops to just £4.95 if 10 or more deals are made in the previous month
    No charge for setting up your account, no annual administration charge, no inactivity charge and no transfer in charge
    Investment range. There are over 4,500 funds to choose from as well as an extensive range of ETFs and ETCs
    But be aware that
    £29.95 per telephone trade
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    If you invest in funds or structured products, the charge is 0.2% per annum (capped at £50 per quarter) based upon the total value of funds held
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Share Dealing

      iWeb

      Share Dealing

    • Product Details

      Cost per trade: £5.00

      Admin charge: £25 account opening fee, no additional admin fees apply

      Minimum / Maximum Trade per Annum: no minimum or maximum restrictions

      Available Markets: Trade in 7 of the world's largest markets through a single sterling account. International trades charged at £5 + FX rate per deal.

      Payment Method: Account can be funded by Direct Debit, debit card or stock transfer

      Access: Online

    • Go to site

    Great for
    A dedicated research centre to help with all your investment decisions
    But be aware that
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Vantage Share Account

      Hargreaves Lansdown

      Vantage Share Account

    • Product Details

      Cost per trade: Variable, see below

      Admin charge: N/A

      Minimum / Maximum Trade per Annum: No minimum restriction, no maximum restriction

      Available Markets: UK, American and European shares, investment trusts, Exchange Traded Funds (ETFs), Unit Trust/OEIC funds, covered warrants, gilts and corporate bonds

      Payment Method: Debit card, cheque & Direct Debit

      Access: Online, Phone, Post, Mobile App

    • Go to site

    Free Weekly Tip

    Free weekly share tips from Investors Chronicle

    Great for
    Online trading charges are based on previous month's activity. 20+ trades made in previous month is £5.95 a trade. 10-19 trades are £8.95 a trade. Less than 10 trades it’s £11.95
    Free mobile app to deal shares, access prices, indices, news and research
    No admin charges
    But be aware that
    1.00% (£20 minimum, £50 maximum) charge applies to phone and post dealing
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Share Dealing Account

      The Share Centre

      Share Dealing Account

    • Product Details

      Cost per trade: From £7.50

      Admin charge: £1.50+ VAT per month

      Minimum / Maximum Trade per Annum: no minimum or maximum restrictions

      Available Markets: UK, European and North American (incl. Canada). Shares must be traded in £ sterling and be able to settle through CREST (the UK settlement system)

      Payment Method: Debit card, cheque & Direct Debit

      Access: Online, Phone

    • Go to site

    Great for
    No investment limits & £300 towards transfers if your account contains £1,000 of investments
    But be aware that
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Trading

      Guardian Stockbrokers

      Trading

    • Product Details

      Cost per trade: £8.00

      Admin charge: N/A

      Minimum / Maximum Trade per Annum: no minimum or maximum restrictions

      Available Markets: Global online trading account. Stocks, FX, Futures and CFDs all from one account. Trade across 26 global exchanges including US, Canada, France and Germany.

      Payment Method: Debit/credit card and bank transfers

      Access: Online

    • Go to site

    Great for
    Non UK residents are eligible to trade
    But be aware that
    If the account is inactive over a quarter an administration fee will apply of 0.005% of the average value of stock held on account over that quarter, or a flat charge of £5.00, whichever is greater.
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Share Dealing Account

      Halifax

      Share Dealing Account

    • Product Details

      Cost per trade: £12.50

      Admin charge: N/A

      Minimum / Maximum Trade per Annum: no minimum or maximum restrictions

      Available Markets: This includes both regulated markets, such as the London Stock Exchange plc, Multilateral Trading Facilities (MTFs), which bring together buyers and sellers of securities and investments (including Retail Service Providers and Market Makers) and investment firms who deal outside regulated markets or MTFs. It also includes Fund Managers.

      Payment Method: You can fund your account by debit card or by Direct Debit. Cash withdrawals can be made by electronic transfer (BACS) or cheque.

      Access: Online, Phone

    • Go to site

    Great for
    Access to dedicated market information service to help with all you investment decisions
    But be aware that
    Higher commision applies to phone trades, starting from £25 per trade
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.
    • Provider/Product name Alliance Trust Investment Dealing Account

      Alliance Trust Savings

      Alliance Trust Investment Dealing Account

    • Product Details

      Cost per trade: £12.50

      Admin charge: £18.75*

      Minimum / Maximum Trade per Annum: no minimum or maximum restrictions

      Available Markets: You can hold a wide range of investments including: Shares, Investment Trusts, Exchange Traded Funds (ETFs), Gilts, Funds & Fixed Interest.

      Payment Method: Refer to provider

      Access: Online, Phone

      Broker: Alliance Trust Savings

      Service/Account: Dealing Account

      Minimum Trade Value: None Maximum Trade Value: Unlimited Trading

      Overseas trading: No

       

      Stamp Duty: 0.5% Stamp Duty

      PTM Levy: A PTM levy of £1.00 is charged on all UK trades over £10,000.

      Phone Notes: Trades over the phone will be charged at £40 per trade.

       

      Other Notes:

      - Some of the lowest Annual Management Charges (AMC) on the market

      - Online monthly dealing from only £1.50

      - Choose from a wide range of investments of UK equities, gilts, bonds and ETFs

      - Over 1,900 investment funds from over 65 UK Fund Managers. Automatic online monthly dealing by Direct Debit costs £1.50 per trade. Investments can go down as well as up. You may get back less than you originally invested. A full list of applicable charges is available via our website. Alliance Trust Savings doesn't give advice.

      *Investment Dealing Account charges are no longer subject to VAT from 1 May 2014 following guidance from HM Revenue & Customs.
       

    • Go to site

    Be aware that
    Telephone trades will be charged at £40 per trade
    0.5% Stamp Duty and a PTM levy of £1.00 is charged on all UK trades over £10,000
    The value of shares can go down as well as up, so you could get back less than you have invested. It is therefore important you fully understand the risks before deciding whether to invest. If you are in any doubt, please contact an Independent Financial Adviser for help and advice.

Share-dealing guide

Whether you are an experienced investor, or buying and selling shares for the first time, you’ll want to keep trading charges and administration costs to a minimum.

Investing in stocks and shares has become increasingly popular in recent years, as low interest rates have meant that returns from most savings accounts fail to keep up with the rising cost of living.

Stocks and shares, or equities as they are otherwise known, offer the potential for higher returns, but investing in individual shares is not for the faint-hearted as stock markets can be volatile.

When you own shares, you are basically buying part of a certain company or organisation. If that company performs well, then your shares will increase in value, but if it does badly, your shares could become worthless. The fewer the number of companies you invest in, the bigger the risks.

Those who are prepared to accept the risks involved will need to sell and buy their shares through a stockbroker or share-dealing service. Costs can vary widely, so it’s important to make sure you don’t end up paying more than you need to.

Different share-dealing charges

Remember that the best value option will usually depend on exactly which investments you want to hold, how much you're investing and how frequently you'll trade.

There are usually several costs you need to be aware of. For example, there is likely to be a quarterly or monthly administration charge, as well as a flat fee of per transaction for buying shares or funds. You may be able to reduce this charge if you set up a direct debit for online monthly dealing. There may also be additional charges for dividend reinvestment, whereby you reinvest any cash dividends you receive by buying additional shares, and some share-dealing services impose dividend collection fees, which could prove expensive for dividend investors.

You may also be charged an ‘inactivity fee’, so that if you only trade very infrequently, it might cost you more. Some share-dealing services don’t impose an inactivity fee but might have higher trading charges.

If you want to hold your shares in an individual savings account (ISA), where returns are free of income tax and capital gains tax, or a self-invested personal pension (SIPP) then you will need to check whether there is any charge for this. There may be different charges involved depending on whether or not you plan to hold your investments in one of these wrappers.

Additional services

Many share-dealing services also offer useful research and information to investors, with some offering broker share tips. However, often you pay more for services which offer a level of advice.

There may also be guidance as to which investments are more risky than others, so that investors can ensure that they choose shares which are appropriate for their needs, so it’s worth visiting several share-dealing website to see the sorts of services on offer.

Compare trading accounts

If you’re looking for a trading account for shares, it’s vital to compare the different available options so you can find the best solution for you. Services vary widely depending on which provider you go to, so think carefully about your requirements and weight up the costs involved to ensure you find the best share-dealing account to suit your individual needs.

Guides
How to sell shares
How to buy shares
Alternative Investments top level
Alternative Investments
Alternative Investments
Stocks & Shares ISA
Self Select ISAs
Structured Deposits
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