Advantages: An easy share dealing system to use Disadvantages: none- fairly competitive with rest of market
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 or only have a small amount of money to invest, for regular monthly investments I would recommend you create a Halifax Share Builder account, where the commission charges for purchase of share is nominal. This is a service where Halifax buy in bulk on set days of the month, and dramatically reduce the commission costs for account holders.
Once your account is set up, it is simple enough to login through the Halifax website www.halifax.co.uk, follow the login options for online banking.
The great thing about managing sharedealing accounts with Halifax is that at no extra charge you can create multiple account ...
Advantages: GOOD RATES. GOOD WEBSITE. GOOD SERVICE Disadvantages: RISK
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 facility that's great for keeping in touch whether for help or information. I have also noticed that Halifax ShareDealing 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 ShareDealing charges £11.95 for online purchases or £15 by the telephone. Selling under the value ...
I was buying and selling shares with Halifax Sharedealing when one day I clicked on a button to cancel an amendment and it bought the shares instead. But there was an element of dought and I had no proof.
However, one day I bought some shares and a tried the Stop Loss function. Not being happy with the stop loss price I set, I amended it and was charged another £2 for doing so and was not informed by the Halifaz system that a charge had been made. To my horror the shares I bought were sold at the original Stop loss rather than the amended one.
You will lose money using Halifax because their system has more bugs than the Amazon jungle. Whats more they don'y like to accept responsibility for their miskes and will parm you off if you let them. ...
