Stocktrade

Advantages: Shares held in own name, competitive dealing commissions, reliable service, no share certificates.
Disadvantages: Lack of flexibility, cannot be combined with Internet service.

...now for 18 years and Stocktrade is the broker I have used most often over the past two years. My principle reason for choosing Stocktrade was that they are one of the few execution only stockbrokers that offer Crest sponsored membership at a reasonable price. This guarantees that: 1. I own the shares if Stocktrade went bust. 2. I receive all shareholder information such as annual reports, details of takeovers, rights issues etc. 3. I receive shareholder ...
...out over the telephone, although Stocktrade offers a separate online dealing service, which I have never used. Every call I have made has lasted no more than 90 seconds from initial quote to final confirmation of price and quantity bought or sold. The service has been very reliable and offers the advantage of being able to trade wherever you are, unlike an online service. Prices are competitive, with a maximum commission to limit the cost. Online ... Read review

Advantages: Portfolio, track 15 shares with realtime prices,
Disadvantages: PC Application very basic, dealing costs, office hour trading

...I have been trading with Stocktrade for a few weeks now and find it acceptable. If you are moving from holding your own certificates to letting Stocktrade transfer them into a Crest Account then you could find the first few weeks annoying as this is how long it takes to get them transferred into the Crest Account. Once they have been transferred thenselling them or viewing your portfolio is easy. The downside of the Portfolio is that it only shows the shares at the price you paid, it does not include charges in the valuations. This can be confusing if you are going to sell as you need to consider the additional costs (brokerage and levy). You can get real time prices for upto 15 shares that you are tracking and can get quotes on any FTSE and AIM shares. Trading can only take place during office hours and if you sign up... Read review

Ciao members have rated this review on average helpful

Advantages: instant purchase/selling
Disadvantages: have to have cleared funds in account

...As you will have seen from my other opinions I use several different brokers for different situations. I use Stocktrade mainly for daytrading. The system can be quite slow to load as it uses applets sometimes it even fails to start. When it does go the interface is fairly simple to use but does take a little bit of getting used to. The best feature of the Stocktrade account is the ability to buy and sell shares on the same day - instant settlement. When you open an account with stocktrade you also open an account with CREST - this means that you can buy and sell any CREST shares on the same day therefore taking any profit. Obviously daytrading is quite risky - you can also use Stocktrade as a regular dealing account. Unlike some of the other stockbrokers Stocktrade will only let you purchase shares if you have money in your dealing... Read review

Ciao members have rated this review on average helpful

Advantages: Everything you need is instant.
Disadvantages: Only u.k. companies

...I started to use Stocktrade when i won an online competition. I received £1000 to spend on stocks and shares and 3 months free trading with stocktrade. From the very start I found all the staff and managers very helpful. The whole site was very easy to navigate and to buy and sell shares was never a problem and instant. I have stayed with Stocktrade, even though my 3 free months are up and will as long as I can.I havent had to pay any monthly subcription and each trade is approx £14 only. I must admit my £1000 is now only worth £800 but that was all down to my bad choices, but I was having a lot of fun.... Read review

Ciao members have rated this review on average somewhat helpful