Advantages: It is great fun and could even make you a fortune Disadvantages: Shares can fall in value as well as rise and this site does not give you advice
...This is where the Halifax Sharedealing service comes in. A low cost, online way to buy and sell shares which works brilliantly for me and allows me to keep track of how well, or badly, my shares are doing in real time. OPENING AN ACCOUNT Well, if you are already a Halifax online customer, go to Halifax-online.co.uk and register for sharebuying. If you are a non-customer, go to the same site. The registration process is the same, but you will have ... ...that one off transfers from Halifax accounts are not instant and usually take 24 hours. Additionally, they cannot be collected from the excellent WebSaver account that currently pays 4% interest. BUYING SHARES When you are accepted for an account, you will be allocated a credit limit for buying shares with. You can only buy shares after you have returned a direct debit mandate, as the cost of any purchase will be direct debited to your account. There ...
daveops 30.04.2003 (27.06.2003)
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Ciao members have rated this review on average: very helpful Review of Halifax Share Dealing Ltd
Advantages: An easy share dealing system to use Disadvantages: none- fairly competitive with rest of market
Halifax Share dealing is quite a good way for any novice to experiment with the stock exchange. I am writing this from a novice perspective for an absolute novice who wants to get started. There are two types of account, either you can go for a normal share dealing account suited for investors and speculators who want to be able to buy and sell shares on the same day, ie to make a profit in the afternoon from shares that have gone up in price since ... ...case that commission charges with Halifax or any other share dealing service will wipe out most of your profits, unless you are fortunate to be tipped off about a penny share that dramatically jumps up in value (but such finds are rare unless you are very experienced, and there are many internet rumors to encourage penny share investors to part with their money quickly).
If you are interested in building up a portfolio of penny shares on a budget ...
llbcollins 22.08.2008 (16.10.2008)
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Ciao members have rated this review on average: very helpful Review of Halifax Share Dealing Ltd
Advantages: Quick, cheap, easy to operate. If selling you get your money with 3 days. Disadvantages: Site can be slow, too many passwords to remember
I started out opening a Halifax Websaver online. I then printed off the documentation and took it down to my local Halifax branch with two forms of identification. That got the money laundering requirements out of the way and meant that once I'd received all the passwords in the mail, I could go ahead and open my Sharexpress account online straight away because I was already a customer. The Websaver pays a great rate of interest too, far better than ... ...The Halifax are one of the few online brokers who won't charge you to convert your paper share certificates into online stocks, which is great if you are like me and were drowning in hundreds of certificates with small amounts of shares for the same company. It tidied things up quite a bit. The shares are held in Nominee Names but don't worry, you still get your dividends etc. The main advantage is that you get to sell your shares much easier than ...
fallen121 05.05.2001
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Ciao members have rated this review on average: very helpful Review of Halifax Share Dealing Ltd
Advantages: Nominee account, funds don't need to be lodged in order to trade Disadvantages: You may not be able to trade at all during busy times
Halifax sharexpress uses a nominee based system, this means that they hold the shares in an account for you rather than sending certificates out by post, in my opinion this is a far superior system as shares can be bought and sold on any trading day without the need to wait for certificates (can take up to 1 month with some brokers).
Dealing fees are reasonable at £12.50 for deal for trades under £2000.
Halifax don't require that you have funds ... ...requested directly from your bank account on the settlement day, I find this to be very convenient, they have never missed a payment to my account.
On the negative side the service became slow and impossible to use during last years bull run when it seemed that everybody and his dog wanted to deal in shares. This has settled down now and the service has become very reliable but I still fear the worst when the bull returns. If you find that you can't ...
DeanBolton 29.09.2000
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Ciao members have rated this review on average: very helpful Review of Halifax Share Dealing Ltd
Advantages: Quick, easy, no need to hold share certificates, deal online Disadvantages: Share Prices go down as well as up
...telephone banking facilities then the Halifax Share Dealing Account is definitely worth a look.
The Account:
When you open a Share Dealing Account, you are effectively opening two accounts, one for your shares and one for to manage your cash which you deal with. In order to start dealing you will need to fund your account. This can be done in one of two ways, either by transferring money online from another Halifax account, or by setting up a direct ... ...Dealing Account is that the Halifax keep all your share certificates, meaning you don't have to worry about keeping them in a safe place. You will receive either a paper or an online certificate for each purchase you make so you'll have a copy incase they make a mistake, which I'm pleased to say hasn't happened to me yet.
Market Information:
Whether you are a first time investor or an expert in the field, the Share Dealing Account provides you ...
bigmadeejit 13.05.2005
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Ciao members have rated this review on average: very helpful Review of Halifax Share Dealing Ltd
Advantages: Good Web Site Disadvantages: Account information sparse
Trading Shares with Halifax ShareXpress.
The Halifax ShareXpress Service provides share dealing by phone or Internet. The lowest costs are for trading using a nominee account. £12.50 up to £2500.00. Having traded shares only using certificates the decision to sign up to this type of account was a change of direction. The most obvious difference and possible advantage is that holding and dealing in shares with a certificate as proof of ownership ... ...removal of the need to keep share certificates and the accompanying paperwork involved in each transaction. To sell or buy shares using certification involves sending and receiving them by post with the accompanying concerns that entails.
A nominee account such as ShareXpress offers consists of an account number and the means, passwords, identification etc to access it in this case using the Internet. So far I have only used the Internet Service ...
GS26 26.12.2000
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Ciao members have rated this review on average: very helpful Review of Halifax Share Dealing Ltd
Advantages: Halifax look after certificates! Disadvantages: Speed and service levels
...have held shares in a Halifax share account now for 9 months. The reason for opening it was due to an offer for free online dealing until the end of January.
Firstly they took well over a month to process my application, and although my account was effectively open I could not actually trade. Since then the site has come under fire for how slow it is - something I also recognise as a major problem, although the speed has been considerably improved ... ...to provide. Often the articles contained are a couple of days old and rarely will you find groundbreaking news. Surely they are able to integrate their system with a live news feed (or with a small delay) from an information provider such as Reuters?
As a benefit they keep all share certificates and interest can be earned on your account and the like. But on the whole there are cheaper alternatives (£12.50 per transaction with Halifax) who offer ...
bssb 02.08.2000
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Review of Halifax Share Dealing Ltd
Advantages: One of the cheapest share dealing organisations around. Disadvantages: Dealing on the telephone can take a while (as does nearly every helpline nowadays)
I am very new to this business of sharedealing and do not do very much of it at all and sadly I have not made an awful lot of money as in the words of my husband 'I wouldn't bother if that is all you are making'. Well you see I can't stand the pressure and sell far too easily only to moan the next few days when the price has risen dramatically and my little pittance is ridiculous. However that is what kind of business woman I am and none of that ... ...initially decided to partake of the stockmarket when I was given a little bit of money from someone who was regularly dealing and not doing too bad, in otherwords I was jealous and most definitely wanted some of what he was accrueing (sorry if that spelling is wrong but talking of money makes me go a bit scatty and thick.)
The share express account is very simple. When I first traded there was a great offer on, dealing on the stockmarket for only ...
battybabs 03.03.2001
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
Advantages: GOOD RATES. GOOD WEBSITE. GOOD SERVICE Disadvantages: RISK
...I first joined the Halifax Share Dealing Ltd about 5 years ago and must say they have looked after me very well. Out of my other three stockbrokers Halifax Share Dealing has definitely got the best website which is very simple and well layed out, so whilst online you can check various things such as , dividend history, dealing statements, live prices, corporate actions, market news etc. The online website also has a live online one 2 one chat support ... ...I have also noticed that Halifax Share Dealing keep you very well informed either by post or through email with latest information on your shares (corporate actions,rights issues etc).
If you would rather operate an account by telephone you can but with a slightly higher commission rate.
DIVIDENDS
All dividends are paid directly back into your nominated bank account. (normally within 3 working days).
COMMISSION RATES
The Halifax Share Dealing ...
donovan74 13.09.2006
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
Advantages: Cost and ease of use Disadvantages: Website can be slow and limited dealing available (UK stocks)
...easiset ways to buy shares. Halifax was pretty much in frame. £12.50 to deal is pretty good, no fees and this October free reports etc. Is it good or bad?
For me as an infrequent trader, Yes, but I do find the web site is slow sometimes. Support via e-mail can be poor but I believe the whole service is getting better. I know Halifax are trying to improve the service.
I do find being unable to trade in OFEX/Europe/US a downside but other brokers ...
colinrj 01.10.2000
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
Advantages: clean, clear and understandable Disadvantages: can be really slooooooooooow!
...navigate to all manner of Halifax stuff, not just shares. I already have a bank account and web saver and can check and move money to and from my share account with a few clicks. Best of all the price they quote is the price you end up getting, whether buying or selling, so when the contract note comes it normally says what it should do and the value of your trade hasn't suddenly decreased in the post. ...
dumbkid 03.09.2000
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
Advantages: Cheap - only a fiver a deal for next month, I like improved site. Disadvantages: Not easy to rectify their mistakes
I have to admit that halifax has done me alright most of the time. But not allways.
I have had a couple of problems with them the most significant being when they confirmed a deal at the wrong price (much higher than market price) not that I was complaining at the start. Halifax even sent out a contract note confirming this.
After realising their mistake they recredited the shares and pretended it never happened. I did eventually reach a comprimise ...
mrbounty 01.10.2000
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
not a bad broker. access to site can be painstakingly slow at times even with a good isp. no chance of getting through at first few minutes of trading. access to new issues is non existent on net in my experience, may get to buy some over phone but involves little higher charges and slower by which time stock ahd risen significantly.
some stocks on AIM can be unavailable at times unless stock becomes highly traded after many journal tips again by ...
kleft 02.10.2000
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
Advantages: Great way to make money if you know what you are doing Disadvantages: see bellow
...have been a member of halifax for a long time now and i think they are great, they always care and a great bank overall, online they still need to meet this level.
I looked on other websites to find the most the most practical website to trade on, because halifax is the bank i use, but others may want to look elsewhere.
The only problem is i am charged £11.50 per transaction for buying and 1% on selling, this is too high in my point of view even ... ...how to access your account, halifax can be trusted and are a very good bank and now well reconised since making the step up from a building society.
I would recommend this service to people who want to get involved in Share Dealing Online because they are professinial espically if you are with halifax. The have a good phone service and if you ring up to ask questions then they are vey helpful, you can also access you bank account on there as well. ...
kristian1111 27.03.2004 (26.09.2004)
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
Advantages: ease of use, simple to set up, good value Disadvantages: slow website, a little basic for some
I've been using Halifax Sharexpress for over a year now, and so far have found it be the best service I've used.
The website itself is a bit slow, but its very user friendly and always has the most used links down the ledthand side. I have never had any problems with the service, they have always done what they say they will. I have other accounts with companies like Selftrade and DJL, but find they are more cluttered and disjointed to use.
I would ...
commendablechris 08.03.2001 (10.03.2001)
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Ciao members have rated this review on average: helpful Review of Halifax Share Dealing Ltd
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