SELFTRADE

Hi

I am looking to use these brokers for my ISA /PEP are they any good? Problems / complaints ?

Many thanks

William

Reply to
William
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Short answer: Yes.

(Long answer: They used to be a bit rubbish and then starting an annual charge so I transferred out. I later transferred an ISA to Squaregain who then got taken over by Selftrade who are owned by Boursorma who are part of Soc Gen. The good news is that Selftrade seems to have adopted Squaregain's superior interface, lower charges and ... I hope ... superior customer service).

There are a couple of competitors who are worth looking at for cheap ISA packages, but they aren't much cheaper and Seltrade have some advantages in terms of holiding a wider range of investments in the ISAs and refunding charges).

Thom

Reply to
Thom

Selftrade are now basically Comdirect/Squaregain renamed. There customer bases were merged and the 'old' Selftrade adopted the Comdirect/Squaregain trading platform and charges.

As such, if you research what people have previously said about Comdirect/Squaregain you will have a good idea of what to expect.

I would recommend themselves for several reasons:

- they charge a flat 12.50/trade regardless of if its done online or by telephone

- they have good customer service including their own discussion board on

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which they actively monitor and participate in. - they don't charge a "inactivity fee" like some other brokers or account fees for their standard dealing accounts - they allow you to buy shares abroad (i.e. american shares) if you want - if you want an ISA and/or PEP, they charge 25/year - regardless of how many years are involved and standard dealing accounts are "free" - there web site also includes some research information on many companies My one grip is that I wish their interest rates on cash held was higher - not really an issue if you only have a standard dealing account (as its easy to take money in and out) but could be if you have large sums sitting around in an ISA waiting to be invested.

Also, if you're not currently a member of Squaregain and are referred by an existing customer, you get 50 as a "joining bonus" (the referrer gets the same)- so if you're interested in joining let me know (my email address is valid)

Regards Sunil

Reply to
Sunil Sood

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