Halifax is The Best Online Trading Site In The UK
Charges
The costs are fairly low for UK investment company. Your free registration and there are no continuing fees, so you don’t have to pay a monthly fee or an annual fee for the features on the site. There are trading costs, and these trading costs are quite large in the UK compared to the US. For instance UK transactions cost £11.95, which is approximately $15, on Halifax. An international transactions start at £17.50, approximately $25, and can be even more than that. They also charge more for fame transactions, with these being £15. Halifax also has a scheme known as share builder and purchases on the share builder scheme cost £1.50, and they have trade pounds which cost 2 pounds.
Features
The Halifax website tries to be as simple as easy to use as possible. This is probably because as a big name it attracts a lot of new traders, and therefore wants to make it as easy as possible for them to stop trading. You can manage your shares online or over the phone, that as explained above fame transactions are more expensive than online transactions. There is performance tracking statements and valuations available constantly and Halifax has an online market research centre with UK and international prices for shares news and analysis. Their share price alert tool gives you access to the latest information about the stock markets and any stocks, shares, or investments that you might be interested in. With both online and phone transactions they have certain trade to allow you to set automatic sale and buy points, a kin to stop orders and limit orders and stop limit orders. As most sites do these days they have a demo suite allowing you to practice online transactions and follow the stock market before you invest your own capital. Halifax offers competitive quotes with regards to the other online share dealers and can be considered slightly more helpful than some of the discount brokers. For instance, they have a UK based call centre and online chat help desk that are available throughout the working day to help you with your share transactions. They also offer free access to company reports and put learning at the forefront of their website, offering free tutorials for you to plan your own investment strategy. If you already have shares, then they will convert your paper share certificates into electronic form so you can continue trading them with their online platform.
Trading
The Halifax is a UK company so you can trade in public limited companies based in the UK and beyond. The Halifax trades under a nominee system which means that rather than buy shares in your own name, you are actually buying shares in the name of Halifax. This may sound worrying that actually makes buying and selling shares a lot easier, that does tie you in to the Halifax system slightly. They offer very competitive quotes and these quotes are available 24/7 so that you know you are always getting the right price whether you are buying or selling.
As with most UK financial systems, registration process can be quite laborious. There are a number of forms to fill in along with a number of pieces of financial trouble and personal information we have to give to your local Halifax branch. Unfortunately it then takes a while for you to be able to be in a position to start trading, as they will only send you your account information to the post a week or two later. Though this system can be expedited if you already have a Halifax account, but if you are coming from a different bank expected to be a while before you can stop trading online with Halifax share dealer. This, along with the quite high charges of the Halifax bank, do not make this a good system for someone who wants to start trading quickly and frequently. The Halifax share dealer is a platform for the long-term investor who is willing to put in a lot of research and take educated decisions about their investments and stocks. Short-term transactions will not be profitable on Halifax, rather, as I always suggest, you should look to the long term to make money out of your investments with Halifax.