Advantages: Easy, low cost online share trading. Disadvantages: None discovered to date
...all those nasty charges? ....then idealing may just be ideal for you!! (www.idealing.com.)
I was doing some research recently on how I could put my little portfolio of shares into an ISA so that the tax man couldn’t get at my profits (if its possible to make any in this market!) The fruits of my research led me to idealing.com. This is an online broker where you can buy or sell shares for only £10 per trade. Now you can also name the price you want ... ...rest for you for only another £2.50 per trade! It's amazing to think that while you're busy dealing with the trials and tribulations of everyday life, your computer might be buying or selling for you!! The ISA wrapper costs only £5 per quarter, which is the cheapest I found in my research. The other bonus is that whilst your money is in cash they give you a generous 3% per annum. There are no nasty charges when you want your money back either. They ...
ashmead 29.07.2002
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Ciao members have rated this review on average: very helpful Review of iDealing
Advantages: quick and cheap Disadvantages: worries about security
...sites contain waffle that one has to sift through before getting down to the nitty gritty. What is more, idealing currenlty offers a fixed charge of £10 for evry trade, irrespective of size, which is a major bonus in comparison to a lot of other stockbrokers. Application is easy ! ...
AdonisC 09.03.2001
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Ciao members have rated this review on average: very helpful Review of iDealing
Advantages: Speed of access. Price of dealing Disadvantages: Limited share selection (2,000+). No option trades.
The first attraction of openning an account was cheap, that should not neccessarily be yours!
This site is lightening fast. It has to be one of the fastest sites of any kind on the net!
Setting up an account was not too traumatic, allow about 10 days to set up an account and pay some money in, minimum 500 GBP.
You can add to your account by direct banking transfer if you have an account, BUT, ensure you transfer money from the same account as ... ...This is definately a no frills service, no info on stocks, you have to seek that information on other sites, but you visit they anyway don't you?
Shares are held in a nominee account, if you want share certificates then you will have to pay an additional fee 5 GBP to have them transfered into your name and posted on.
Certainly a no frills site that may not appeal to everyone but it appeals to me.
Would I recommend it. Yep. Cheap, no frills and ...
madasahatter 04.08.2000
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Ciao members have rated this review on average: very helpful Review of iDealing
Advantages: Its the cheapest in the UK Disadvantages: Poor portfolio tracking, no frills
I have been with iDealing for 2 months now and have moved the majority of my share business to it, from a traditional broker ( Charles Schwab ). I would recommend it to anyone wanting a plain share dealing who has other investment tools from other sites.
iDealing makes a big thing of being cheap and fast. They have very few graphics on their pages, they provide no investment advice, no research, no news, no graphs, no links to other sites etc. etc. ... ...leveraged dealing or limits then iDealing isn't for you. In summary, I would advise anyone who wants to deal online, use iDealing but get your prices and info from iii or ukinvest or any of the other info sites.
I've not had any problems with service outages, rouge prices or inability to deal, and I deal most days. ...
bobbled 29.07.2000
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Ciao members have rated this review on average: helpful Review of iDealing
Advantages: Nothing that anyone else can provide Disadvantages: Charges, lack of information
Be careful and read the small print.. £5 per quarter per account - that is times 2 if you have an ISA account (you need a standard account as well), this is not clear in their charges structure. Exit fees are high £60 PER ACCOUNT - I am trying to get out now, so another £120 down the drain. Statements are only available online for 1 year - I didn't realise, and if I want statements now it is going to cost £££. I didn't realise my standard account ... ...checked my ISA account), with added interest, the deficit is now over £300. No reminder emails over 6 years that account balance was in arrears. I have asked if their terms and conditions have changed over the past 9 years, and whether I was notified - the emails are now ignored. I would not recommend. ...
mckcol 23.10.2009
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Ciao members have rated this review on average: helpful Review of iDealing
Advantages: Non above other providers Disadvantages: No customer service phone, £60 charge to close account. Hard to withdraw YOUR money.
I have decided NOT to open an account with this company. WHY? Well see if you can find a phone number to talk to them directly about any problems or questions you may have. I couldn't! An email reply that took 8 hours to receive told me they would give me a number for their traders room WHEN I had opened an account. Would you buy a car without seeing it first? ( And this line is to traders only .... it is NOT a customer help line, this still has ... ...with them to open an account. If you decide their service is not for you they will charge you £60 for closing the account!!! Would you hand over £60 to test drive that car you may not want?
If you want to withdraw your own hard earned money from their account you need to download and fill in a form, then post it to them, then wait. How quaint in an modern world. I thought the point of electronic internet trading was to speed things up, not step ...
honestsid 31.03.2008
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Ciao members have rated this review on average: helpful Review of iDealing
Advantages: Good email responses, quick website Disadvantages: Details on website are a bit skimpy
Obviously the prices charged by iDealing certainly attracted me in the first place. I sent off email with a couple of queries to both iDealing and 2 other brokers. iDealing responded within the day, one broker responsed 2 weeks later and the other has never responded.
The thing which makes me rate them very highly is the quick (inside a day) and accurate responses to emails, some of them covering tricky share transactions. When I compare them with ... ...and Schwab stand up and take a bow), and when you do get a response it may not be very helpful or the person has clearly missed the point.
The website is quick but can be very skimpy on detail e.g. I opened both an 2000-1 and 2001-2 ISA and, last time I looked could not find the 2001-1 share details. I'm sure that they are they but I couldn't find them.
So in summary, the best email response service I've come across and, to top it all, there prices ...
Brax 11.05.2001
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Ciao members have rated this review on average: helpful Review of iDealing
Advantages: Cheap, Fast Disadvantages: Poor customer service, traders not always available, low volumes
When I first started using iDealing I was very impressed. Their site certainly has no frills and trading is cheap.
However the more I traded the more problems seem to arise. Firstly they seem to have very low volumes compared to other brokers such as e-trade. I've had occasions where their system has allowed me to buy a certain amount of shares but not to sell the full amount. When I raised this issue with them they palmed it off on the banks with ... ...a phone number with their traders so that I could trade larger volumes but again it seems like they have only two or three traders so when the market is moving fast their is no chance of getting through to them. All in all their inefficiencies have cost me more then the savings made by their cheapness. ...
ashanks 12.01.2004
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Ciao members have rated this review on average: somewhat helpful Review of iDealing
Advantages: Cheap and fast Disadvantages: Some of the trading activity is not easy to read
...Charles Schwab and DLJ, but idealing has been the easiest and most convenient one to open and trade through.
Its very cheap and encompasses pretty much every single UK stock I've ever wanted to buy. NO PROBLEMS WITH ANYTHING
Altjough the site is the cheapest around, I think it lacks clarity in some of its presentation for eg. in CASH HISTORY and ACCOUNT VALUATION. It is not the easiest thing on the eye and the site would improve its reputation ...
sandeepsahiwal 26.09.2000
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Ciao members have rated this review on average: somewhat helpful Review of iDealing
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