What are your fees and charges?
Here are the answers to some common questions about our fees and charges. Please refer to our fees and charges for a full list of our rates and charges.
Q. Are there any charges to open an account?
A. No
Q. What about closing my account?
A. We do not charge a closure fee for Nominee accounts, however there is a charge of £25 per line of stock to withdraw or transfer your shares.
There is a charge of £50+VAT to close an ISA, plus the administration fee for the current year. However you do not have to pay any additional fees to withdraw stock.Q. Are international trades charged the same as UK trades?
A. Direct Trader fees and charges are detailed within our fees and charges. International Commissions are charged in your chose settlement currency and multiplied by the conversion rate (if applicable), subject to the minimum and maximum charges shown in our fees and charges for UK trades.
Q. What are your charges for currency conversions?
A. We do not charge a commission, however we apply a spread of up to +/- 2% at the time of execution. The rate we give you will include the spread, based on the value of the transaction.
Q. Do you have an administration fee?
A. We do not charge an administration fee for active Nominee Accounts.
By active we mean that you either have a minimum of £2,000 in the account (a combination of cash and/or stock) or you have traded at least once in the last calendar quarter. Accounts that do not meet this criteria are charged a quarterly fee of £10+VAT. ISAs are free of administration fees if the plan has a value of £10,000 more. Plans below this amount are subject to an annual fee of £25+VAT.
Q. I have a certificate at home, how much will it cost me to sell it through your service?
A. We charge commission at our standard rate (see our fees and charges) plus an additional £25. Alternatively you can send us your certificates to deposit into your account and sell at our standard rates.