The Share Centre's promotional leaflet claims to offer one of the easiest and cheapest ways to buy and sell shares. For the small private investor, I would certainly agree.
I was attracted by their low minimum charge as a I only had a few windfall shares to sell, and did not want to pay ... Read review
The Share Centre's promotional leaflet claims to offer one of the easiest and cheapest ways to buy and sell shares. For the small private investor, I would certainly agree.
I was attracted by their low minimum charge as a I only had a few windfall shares to sell, and did not want to pay a high commission charge.
Their service is totally flexible and will meet everyone's needs. You can buy and sell shares via the internet, ... ...buy and sell shares over the telephone.
POST
They supply forms (and prepaid envelopes!) for you to buy and sell shares by post. You will need to use a postal service if you have share certificates.
Their current commission rates are:
BUYING
1% of deal value (minimum £2.50), plus stamp duty of 0.5%, plus 25p on all transactions over £10,000
The Share Centre's promotional leaflet claims to offer one of the easiest and cheapest ways to buy and sell shares. For the small private investor, I would certainly agree.
I was attracted by their low minimum charge as a I only had a few windfall shares to sell, and did not want to pay a high commission charge.
Their service is totally flexible and will meet everyone's needs. You can buy and sell shares via the internet, telephone or post. They accept one-off transactions (like mine) or will set up a nominee account (see below) for regular dealing.
INTERNET Your shares are held in a nominee account, which you can access 24 hours a day. You can access your portfolio through their website WWW.SHARE.COM.
TELEPHONE You can contact them on 0800 8000008 to buy and sell shares over the telephone.
POST They supply forms (and prepaid envelopes!) for you to buy and sell shares by post. You will need to use a postal service if you have share certificates.
Their current commission rates are:
BUYING 1% of deal value (minimum £2.50), plus stamp duty of 0.5%, plus 25p on all transactions over £10,000
SELLING 1% of deal value (minimum £7.50)
OTHER SERVICES
FAMILY DEALING - Family members with the same surname and address can combine their shareholdings and sell them together. One commission charge will be charged for the whole deal, plus £2.50 for each family member. This is a useful way of combining small holdings from privatisations, windfalls, etc..
LIMIT PRICES - You can specify the minimum price you are prepared to sell your shares for. This is FREE for the first month, then £2.50 per month for the next 2-3 months, £2.25 per month for 4-6 months, then £2 per month for 7-12 months.
SETTLEMENT They adhere to the stock market's timetable, which means for selling shares you will be sent your cheque 5 days after the sale.
CONCLUSION Although I have only used them once, I was totally satisfied with the service. My shares were sold according to my instructions, and I received prompt payment.
Advantages: Inexpensive way to learn share trading Disadvantages: Poor access at times
The Share Centre became possible as a result of the cities "Big Bang" in 1986, but initially came to prominence at the height of the dotcom and demutualisation era in the late 1990's, cashing in on the Building Society demutualisations of the period. It has managed to survive the clear out since the dotcom bubble burst. The Share Centre provides services to individuals, families and Investment Clubs through it's Share Account and Fast Track services ... ...alternative trading exchange much like the Alternative Investment Market (AIM).
It has to be said that this is one of the cheapest forms of share trading with a minimum of just £2.50 to buy (limited to strict time schedules), and £7.50 to sell (which can be sold by internet traders in normal office hours - approx 8:15 to 4:30). For anyone wishing to toe dip onto the stock exchange this could be the way for you. If you are new to shares they also ...
Sbanshee 01.05.2003 (25.08.2003)
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Ciao members have rated this review on average: very helpful Review of The Share Centre
...Baraclays Stockbrokers but i found the costs were excessive as I was only trading in a few hundred pounds. Then I found the Share Centre in Tring. They only charge £2.50 plus stamp duty on a buy. The only draw back is that they only trade 4 times a day so you cannot execute a buy or sell at a shares current price. But this can work both ways because occasionally if you place an order to buy they can buy at less than the current price this happened ...
fee 05.10.2000
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Ciao members have rated this review on average: very helpful Review of The Share Centre
The Share Centre is the cheapest UK broker for dealing charges . But that is no good if you can't deal when you want to .
At best it is very frustrating . At worst it can cost you money . They only deal three times at nine am , one pm, and four pm but in between these times the prices can have changed a lot.
also bear in mind that you have to phone up one hour at least in advance before the dealing time or they will not process your order until ... ...on an afternoon to deal on that particular day or else otherwise you will be processed the foloowing day . Yes they are cheap and friendly to boot . But if you are used to dealing frequently when you want the share centre is probably not for you . ...
galls 07.12.2000
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Ciao members have rated this review on average: very helpful Review of The Share Centre
Advantages: The cheapest Disadvantages: Poor site, limited dealing times, takes time to get funds into account
I signed up with the Share Centre a couple of months ago simply because of their very attractive rates. They are by far the cheapest online share dealer around and I thought that I would take advantage of this to save a few quid.
Share Centre currently charge 1% on every trade they make but their minimums are very low so if you buy £250 of shares you only get charged the minimum - £2.50 (this is slightly higher for selling at £7.50).
These rates ... ...you do not officially own the shares, they are held by the Share Centre in your name, what this means if Share Centre goes bust or if you want to change dealers and don't want to sell up then this could cause problems. The main problem I had with the Share Centre was simply the difficulty in transfering cash into their holdings. You have to send them a cheque - no direct debit or debiting via a card. This means that it takes another few days to get ...
Bubba77 17.10.2000
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Ciao members have rated this review on average: helpful Review of The Share Centre
Advantages: Reasonable commission for small players Disadvantages: Three dealing times
The Share Centre is my favourite online broker. The commission structure is very reasonable especially if you are investing just a small amount. The online dealing is not confusing even though there are not many facilities compared to other online brokers, but if you know your stuff you should know that all those figures and necessary statistics can be easily found in other sites. The Share Centre's dealing is straight forward and sufficient if you ...
MarketWatcher 28.07.2000
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Ciao members have rated this review on average: helpful Review of The Share Centre
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for logging out of the website to ensure that your account is logged out.
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