Trading Plus Account
Trading Plus Account Benefits
- Trade directly on 17 International Exchanges, 15 of these available online.
- Invest in: UK and international shares, bonds & gilts, unit trusts & OEICs, exchange traded funds, warrants and Securitised Derivatives including covered warrants.
- Covered warrants allow trading in both long (call) and short (put) positions, giving potential to profit from both price rises and falls in the underlying security.
- Nominee service - we hold your shares electronically, take care of your paperwork
- Our new shareholder rights service allows you to remain the beneficial owner and means you are still able to vote and receive shareholder information.
- Cash Management Services automatically settles your trades and earns you interest on uninvested cash.
- Online or phone access.
- Flat commission fee £12.50 online or just £9.95 when you trade 10 times or more a quarter.
- Joint account or designated account for children option.
What does the Trading Plus Account offer?
The Trading Plus Account allows you to trade in international equities on 17 international exchanges and in warrants and Securitised Derivatives including covered warrants. This is in addition to UK equities, bonds & gilts, investment trusts, unit trusts & OEICs and Exchange Traded Funds (ETFs).
The Trading Plus Account offers online and telephone dealing, with shares held electronically on your behalf through our Nominee Service. Your trades are automatically settled with funds either being credited to, or debited from your account.
How much does it cost?
Online trading is a simple flat fee of £12.50, or just £9.95 online when you trade more than 10 times a quarter.
We do charge an Account Management fee of £10+ VAT per quarter on Trading Accounts that have not traded and have a combined cash and stock valuation of less than £5,000.
Dealing Features
- Price Improvement - we automatically poll a number of market makers to obtain the best price available in the market at the time of trading your shares. This may provide an improved price than the one being quoted by the market.
- Flexible order types - limit your risk by stating the price you wish to achieve before trading. Choose from: market, limit, fill or kill and stop loss.
- Personal Trading Level - trade immediately without the need for funds in your account until settlement date (subject to status).
- Extended settlement trading- take a longer look at the market before settling up.
- Real time prices.
- Access to in depth company and fund research.
- Stockwatch - create virtual portfolios and keep track of profits or losses you could have made without risking your real money.
US Stocks - Important Documentation
If you wish to invest in US (United States) stocks and shares, you will need to complete a Form W-8BEN before you can trade. Obtaining this documentation ensures that we can give you any appropriate tax relief on income paid to you from US stocks and shares. We will hold this form on our files to confirm that we have given you the correct benefits of any US tax treaties.