Advantages: able to share deal online Disadvantages: none so far
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These are the main and most used sections (well for me!) of SelfTrade there are various other sections too - but to find out more take a look at selftrade - you never know you may well make some money!! (but don't ask me for any tips!!!!!!) ...
SecretFormula 11.02.2002
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Simple, informative, reliable... Disadvantages: UK trading only, tips but no tips analysis...
...an online stock broker. SelfTrade is part of the DAB group and allows you to buy any quantity of a share for £12.50, sell any quantity of a share for £12.50 and to trade through ISAs. The website is an easy-on-the-eye pale green and seems thoroughly logical in lay-out – the three main groupings are:
Accounts – covering opening and maintaining your account
Trading - buying and tracking specific shares
Reseach – who is saying what about shares you ... ...phone the lovely people at SelfTrade for an instant quote if you have any misgivings. Simple.
Now all you need to do is press the buy key. Of the £1,000,000 you have it’s going to cost you £12.50 for this investment and then you are going to be charged stamp duty – so you need to keep some cash back for that. I have never really understood how this works so lets keep £20,000 back for it. That means you want 183,000 shares in Galen at the quoted ...
Kirsty1 10.12.2002
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Childsplay to navigate and a mine of essential info Disadvantages: Don't accept debit or credit card funding and low interest on dealing cash a/c
Sorry, while this comment mentions SelfTrade, it has been posted here in error, and belongs properly to COMDIRECT. I am not deleting it at this stage as it will be relevant if you are seeking opinion on on-line brokers.
Safe, comprehensive and childsplay to navigate, comdirect.com is a MUST for your bookmarks, whether or not you choose to use the company for on-line share dealing.
I've tried much advertised share tracking software, costing up to ... ...data, charts, up-to-date news I've ever wished for - all on a single click on my "favourites" list, with enabling downloads taking up a paltry 2kb of my Disk space! With every world market covered you can cancel your subscription to the FT.
Without becoming a client, you can set up and track your own real or notional portfolio of shares, with simple icons taking you to sophisticated charts of performance over the current day or over your choice ...
soko 09.03.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: cheap trades, good information Disadvantages: sometimes unreliable
...you make a trade with Selftrade they will email you a contract note informing you of the transaction usually around 6:00pm each day. On the downside I have had some trouble connecting to the site but usually they rectify this very quickly. Overall though this site is highly recommendable to beginners and experienced share traders alike for its simplicity and ease of use. ...
nigelpm 08.07.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Clear pricing structure, good introductory offer Disadvantages: Not particularly efficient, no credit dealing limit
Selftrade first emerged a little adverts on the tube claiming that they made ‘sharedealing a doddle.’ They neglected to mention the fact that actually dealing in shares was already a doddle with number of other stockbrokers available and that the hard part was picking good stocks.
I went over to Selftrade from Barclays because they offer to hold your portfolio for you online (so you can access and value it on their site) for free as oppose to Barclays ... ...in amounts above £1250 with Selftrade dealing becomes cheaper.
For the amount I trade in the scheme makes a negligible amount of difference but recently I have been trading less so Selftrade made sense. All accounts are however what are referred to as nominee account meaning Selftrade holds the shares in its name for you. While this allows you to buy and sell on the same day you won’t receive the share certificate and literature that the company ...
Briz_Hatchings 16.10.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Cheap commission; easy to trade online. Efficient service. Disadvantages: No "limit quote" dealing facility yet. (Is imminent). Awkward telephone dealing service
...set up an account with Selftrade last December, being new to online brokering, but having used telephone brokers for many years. Like other users have mentioned it took a little while to set up (a few weeks), including transferring my share certificates to Selftrade, and sending a cheque to clear (5 working days)for a cash balance with them.
The site itself is easy to use, no frills, and it doesn't take long to master all the links and facilities. ... ...quoted price. I quickly telephoned Selftrade as I could not believe such a discrepancy between the two system prices. They were very helpful, and admitted that it seemed an odd situation. The next day they telephoned me and told me that my account would be credited with the difference, so in effect I received the quoted price to sell. Full credit to Selftrade, for not trying to argue with and upset a customer.
The only other problem, which affects ...
RippedoffPete 24.03.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Price - you know what it will be and very good value Disadvantages: Very plain, no-frills site
...far as I am concerned Selftrade is a worthy competitor.
OK so its portal isn't as flashy as some, but register and you can get real time quotes before you buy, you can buy at best or at quote.
OK the account takes a while to set up and funds can't be transfered in instantly, but a small price to pay for £12.50 trades !!
So what are they like to deal with ? Well, from my experience similar to other nominee brokers but on the whole a bit cheaper ... ...do it for £10).
My account was set up without fuss, my shares transferred in (picked up by courier - Securicor if I remember correctly), and off I went, buying and selling quite happily at £12.50 a trade.
UNTIL JANUARY !! Well, what happened ?
January was a GREAT month - I entered their competition, didn't win, but still got free dealing for a whole month !!
So, I dumped those pesky LastMinute.com shares without dealing costs, and started to ...
IainCMartin 21.03.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Free magnum of champagne and cheap flat rate dealing Disadvantages: Site may crash in extreme market conditions
Selftrade is a new online share dealing outfit which is currently offering a free magnum of champagne (I received mine intact!)and also at least a months free dealing or a whole years free dealing for 500 very lucky punters.
Opening an account is very easy - just fill in the online application form, print it out and sign it, then send it off to them.
The quickest and easiest way to transfer cash is by debit card.
They also use the direct debit ... ...charge of £12.50 is good.
They also pay out 5% on any cash balance.
When the Selftrade site was down for a day recently - they waived the extra charge for ringing in dealing instructions - a very good public relations move.
Try them out - you will be impressed. ...
johnhal 11.12.2000 (12.12.2000)
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Ciao members have rated this review on average: very helpful Review of Selftrade
...hold my portfolio on Selftrade and am happy of it's security.
I have used the site to research many shares and have found it most useful and valuable.
A site which is easy to join, easy to use, and probably the best value on the market at present. ...
willsmj 16.08.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Easy to use, competitive comission fee Disadvantages: Not many
I first saw Selftrade.co.uk advertised on the London Underground, and having always wanted to trade shares, I decided to check it out.
The site is well designed and eay to navigate. Having had little experience in share dealing, I ordered their free 40 page guide to share dealing. This arrived very promptly, and explains all the basics in a simple but effective manner.
After reading the guide, I decided to register on the site. This took about ... ...you can transfer funds into your Bank of Scotland account, which is opened for you when you sign up. Once you have signed up you receive your Trader ID by email and a welcome pack is sent to your home. Then the fun starts!
When you first log in you will need to transfer money into your new account. The easiest and quickest way is by debit card, and the money is transferred by the next day.
Placing your first trade truly is a doddle. You can buy ...
Alexis1 07.04.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Excellent value for money, good access and good facilities. Disadvantages: slow if you are serious daytrader
I have been using selftrade both as a direct account customer and as a cahoot customer (i.e. you join cahoot first, then have access to selftrade and there are differences in the service available, some are explained below).
If, like me, you want to have access to a reasonable amount of data and reasonably quick access to prices and the ability to trade, then selftrade provides an excellent service and, the cheapest deal if you are likely to make ... ...your own portfolio as what selftrade calls a "watchlist" which gives you real time prices but does not compare this with the value of your portfolio and give you the current gain or loss.
The telephone & email help services are also very good.
A final word, if you are really a serious daytrader, the access to info is probably not good enough for you, nor is the speed of response. ...
haconsulting 04.04.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Easy to use, Fairly competitive price, Good customer services Disadvantages: Didnt show price of shares until in the process of buying
...that I liked most about selftrade was the ease of use. Often I find that websites are very difficult to navigate but this was easy and made sense. I also found the customer services department exteremely helpful and willing to answer the silliest questions (as I was trading for the first time).
Price wise they were very competitive there are cheaper companies but selftrade offered some very good incentives including a free book worth £16 and £50 ... ...process of buying and selling shares was very straightforward and although they couldnt quote the accurate price before you bought you do have time to change your mind before the deal goes through so that you can consider the price before you buy. All you have to do is transfer money into a bank account with them. This took a day and then you can use it to buy shares. very simple. Once you have bought the shares you can track how well they are doing ...
racheldarcy 17.08.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Efficient, cheap and easy to use. Disadvantages: Not convienient to transfer money into the account
What is Selftrade - simple, an online trading account where you can trade shares, by 'yourself'. Selftrade is part of the DAB group for those who are interested.
I choose Selfstrade because of its ease of use and its efficiency. A trade can take as little as 30 seconds to complete and usually runs with no or very few hicups.
It is sometimes not best for large sales, but for the smaller quantaties of shares, and also for the first time trader, I ... ...tracking facilities, you can get Selftrade to either send you an email or text message if a company's share price reaches acertain price. Their is finacial news, information on the best and worst performing companies and charts showing share prices over 3 month, 1 year and 3 year periods.
A easy to use, efficient service - definatley one I will continue to use and will reccommend to you. ...
bmassen 27.04.2003
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Cheep trading prices, great telephone support Disadvantages: Clunky navigation, site can be slow
...not be so positive about selftrade overall.
The tools available for monitoring and tracking you holding are extensive yet not exploited enough. I feel this is a navigation problem that should be addressed. The site design is poor and probably will put many first time traders off due to its clunky nature and awkward navigation.
I've noticed a lot of offers over the past few months regarding the opportunity to trade on foreign markets but as yet, ... ...booze, magazine subscriptions and trading were all great incentives along with one of the lowest trading prices available (currently £12.50 regardless of trade size).
If you experience difficulties placing your trade online, you can place it online for a £5 surcharge. If you did go for this option, you’d be better off shopping around. ...
Will 03.02.2001
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Ciao members have rated this review on average: very helpful Review of Selftrade
Advantages: Easy trading and potential for large returns. Disadvantages: Shares fall as well as rise. You need a bit of luck sometimes.
I logged on to Self Trade after seeing the advert on TV and thought this was a great idea as I had been saying to myself for years "I will buy shares" but never quite got round to actually doing it. I was not disappointed. I read up on what I needed to know and started trading within a week. The site is very helpful and guides you through everything you need to know. There is a fixed charge of £12.50 commission per trade plus the mandatory 0.5% stamp ... ...and easy place to make money on the stock market. They have also had a couple of good offers namely a free magnum of champers for your first trade (which has now finished I think) and their latest offer is free trading (i.e. no commission but you still pay stamp duty) for a month (Jan 2001) for all members, and free trading for a year for 500 lucky people.
When you buy shares in a company you receive a contract note sent by email for your records ...
Davie123 10.12.2000 (16.02.2001)
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Ciao members have rated this review on average: helpful Review of Selftrade