cheapest ive found is £7 per trade, which is a rip off when americans are getting it at like £2 ($4) per trade. whats the cheapest in the uk, or a cheap american stock broker that allows international traders. Thanks.
2007-10-13 06:14:02 · 4 answers · asked by Jordan G 1 in Business & Finance ➔ Investing
I believe at least one UK Company offers 'zero dealing costs' (I assume they make their money out of annual charges or increased spreads).
In my experience it is MUCH more important to use a Broker with a 100% 'up time' on-line dealing facility that supports 'limit' orders and shows Company performance (including directors dealing details).
NB> In addition to UK dealers ripping us of for dealing fees, don't forget that The UK Government will also rip you off for 1/2% Stamp Duty when you purchase shares (£5 per £1,000's worth of shares).
Once you start dealing in lots of £5k at a time, the £25 Stamp Duty will far outweigh the £7 dealing costs ..
Sign up to some dubious (non-mainstream) broker and (just like Northern Rocks web site) the chances are it will grind to a halt at the first sign of a crisis ...
2007-10-13 06:41:49 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
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2016-02-15 21:37:57 · answer #2 · answered by ? 3 · 0⤊ 0⤋
currency exchanges. Your British pound is worth more than the american dollar. there are only two american brokers that I know of that allows international trading e-trade and Noble. There may be more but otherwise Steve B nailed it. You want service not cheap. I have been burned badly by cheapo brokers.
2007-10-13 09:18:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2015-01-27 12:14:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋