Halifax share dealing account review

Halifax share dealing account review

Author: bbucharik Date of post: 20.07.2017

We no longer check to see whether Telegraph. To see our content at its best we recommend upgrading if you wish to continue using IE or using another browser such as Firefox, Safari or Google Chrome. We often nag you to watch your investing costs — particularly the amount you pay a broker just to hold your shares. Some readers who hold stocks with their bank will have ignored this advice, knowing there was zero cost.

Once, most banks worked this way — they would charge a relatively high fee to trade but no ongoing cost. The new breed of brokers, instead, apply an annual percentage charge or a fixed quarterly fee. Jeremy Fawcett of Platforum, which analyses the market, has spoken to a number of HSBC customers who are angry enough about the new charge to give up on investing.

For long term investors there are plenty of good value services out there but getting a free ride for holding shares looks like a thing of the past.

Holding shares for investors carries a cost that banks had been happy to pay for knowing that if you were banking and trading with them, and were therefore likely to buy other lucrative products like insurance.

Halifax UK | Share Dealing Charges | Sharedealing

But the banking business model is changing: This isn't all bad news. There's plenty of good value services where you can hold shares, funds and other investments, like retail bonds, in one place. And these services can be low cost, if you select the right one for your circumstances.

Halifax UK | Bank Accounts, Savings, Loans & Mortgages

This table is a good starting point: And if you only want to buy and hold shares, technology advances are driving down costs among "fintech" players. It claims it will make dealing free next year. But the real shame is that a swathe of individuals who had a toehold of ownership of British companies, will most likely just sell up. Howard Marks, an Oxford University graduate turned drug smuggler, made millions.

Now he eagerly awaits royalty cheques. Paul Daniels wasted too much on Ferraris but has made a fortune on his home - despite the flood. Following George Osborne's announcement of the Budget, The Telegraph looks at the numbers on the UK's economy and financial health.

George Osborne should simply abandon changes that will reduce incentives to save and create yet more uncertainty. A light-hearted quiz about the gaping maw of financial misery that perpetually threatens to devour us all.

Accessibility links Skip to article Skip to navigation. Monday 19 June James Bartholomew The real reason stock markets plunged in January.

William Littlewood China in crisis? Another credit crunch in the West is far more likely. Andrew Oxlade Time to panic? No, follow the investment rulebook. James Anderson This is why I'm worried for investors in the FTSE Could this finally be the end of 'free' mass market stockbroking?

Two of Britain's biggest banks will start charging to hold shares from January. The last of the banks that resisted this now seem to be going the same way. The kitchen coup — how cash shifted the balance of power over household chores.

The inspector calls — and house prices jump.

Lloyds Bank - Share dealing account explained - Investments

How the Ofsted effect could add thousands to the value of your house or send it sliding. George Osborne's speech in charts.

Just stop tampering with pensions, Chancellor. How much should you be panicking about your finances? More people in their 70s in higher tax bracket than those in their thirties.

halifax share dealing account review

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halifax share dealing account review

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