Choosing penny stock broker uk

There are a large number of stockbrokers and brokerage firms providing service to investors in the United Kingdom. Choosing which one to trust with your hard earned cash can be a daunting task indeed.

All stockbrokers in the UK are required to become licensed and are regulated by the Financial Services Authority FSA.

However, that does not mean that all brokers are the same. Serious consideration should be given before handing over your financial future to a stockbroker. So how do you choose from all of the UK stockbrokers and brokerage firms? Asking friends and co-workers is one way to get some references. However, it is best to also do some research on your own.

We will help break down the process to ensure that you are making an educated decision. One of the first decisions you should make are whether or not you would like to research your own investments and make your own trades or if you would like help from a stockbroker. If you are interested in making your own trades the trades are actually executed by a licensed broker, you simply place orders on your own , then an online broker is probably the best bet.

An online stockbroker will usually be much less expensive than a live broker that you will meet with face to face.

If an online share dealing account sounds like something you are interested in, you are invited to read our chapter on How to Buy Shares Online , along with this article. Many large brokerage firms in the UK have a presence both online and in locations around the country.

One of the largest firms is Barclays Stockbrokers, a part of the Barclays Financial Group. They offer a number of different accounts including ISAs and other investment accounts. These may be managed online or through one of the many local Barclays Banks offering brokerage services.

Barclays is not the least expensive of the online brokers, but it is nice that if needed, you could visit a local branch and speak to someone about your account.

They also offer fully managed accounts and other stockbroker accounts that allow for more personal interaction with a broker, of course at an additional fee. Online share dealing is also available through TD Waterhouse. TD Waterhouse is a large company, however, and puts the weight of their name and reputation behind their site.

They offer a great deal of information and they do have an office in downtown London, called the London Investor Centre, which anyone with an account is invited to visit. There they offer live seminars, additional research resources and you can even book an appointment with a representative to speak one on one.

A large US based company making a presence in London is Charles Schwab. Charles Schwab is a great choice for investors looking to trade in US securities as they have resources, accounts, and other services designed just for that venture. Lloyds TSB is another large banking group in the UK that also offers share dealing accounts. With offices throughout the UK, Lloyds TSB offers hands-on help with creating and managing a portfolio. If you prefer, though, you may deal shares online without the help of a broker.

Those trading shares online without the help of a stockbroker will appreciate the wealth of information available to their clients from Halifax. They offer mobile trading, an online research centre, several choices of accounts and are also available either by phone or in person at one of their branches. Like many of the larger brokerages, they also offer face-to-face meetings with financial advisers by appointment.

These advisers can help walk you through the investing process and even set up accounts and make investment recommendations. Investors seeking personalised advice and who do not mind paying a bit more for top-shelf service should visit their nearest Redmayne-Bentley Stockbroker.

They have offices throughout the UK, at which you may sit down, one on one, with a stockbroker. He or she can help you create a financial plan for the future while pointing out and executing immediate financial opportunities. There are a number of execution only online share dealing services available to UK residents.

Choosing A Penny Stock Broker

Execution only brokers offer no personalised advice; they simply fulfil the orders as placed by their clients. The lack of personal attention equates to a lower fee in most cases. Just because these brokers do not offer advice does not mean that they do not offer very valuable resources however. In fact, some of them offer invaluable amounts of data including independent research, news, articles, charts and quotes and even practice accounts.

The Motley Fool share dealing service is one such online provider that has an immense amount of information available at your fingertips. Their website, at fool. They offer free investing guides, research and general advice for new and experienced investors alike. They also allow international trading for a small premium.

This is a great way to start investing and for those who do not have a large amount of money to invest at one time but understand the importance of saving and investing. They define frequent trading as more than transactions in a calendar quarter, which is quite a lot for the average investor. Stockbrokers and trading sites, whether based on the web, through office locations around the country, or a combination of both, offer a number of different account options.

It is just as important perhaps more so to open the right type of account as it is to choose the right stockbroker or even the right shares to purchase. If you are unsure, take advantage of the customer service available through each company, but also research for yourself.

Top 5 Best Penny Stock Brokers | Ranking | Best Penny Stock Trading Platforms for Penny Trading – AdvisoryHQ

We have an article entitle Types of Trading Accounts , which examines each of the accounts and explains their benefits as well as their restrictions. You may then compare each UK stockbroker against each other and decide what is best for your personal situation. Part I - Stock Market Basics Chapter Intro to Investing Chapter Buy Shares Online Chapter First Stock Purchase Chapter Lowering Risk Chapter Dividend Stocks Chapter Short or Long Term Part II - Account Investments Chapter Account Types Chapter What Are Stocks Chapter Purchasing Bonds Chapter Mutual Funds Chapter ETF Investments Chapter Types of Trades Part III - Research and Analysis Chapter Terms and Ratios Chapter Researching Stocks Chapter Dow Jones and FTSE Chapter Reading Tickers Chapter UK Brokerage Firms Part IV - Advanced Tips Chapter Day Trading Chapter Options Trading Chapter Forex Trading Chapter Commodities Trading Chapter Gold Markets Chapter UK Stockbrokers and Brokerage Firms There are a large number of stockbrokers and brokerage firms providing service to investors in the United Kingdom.

Large Brokerage Firms Many large brokerage firms in the UK have a presence both online and in locations around the country. TD Waterhouse Online share dealing is also available through TD Waterhouse. Charles Schwab A large US based company making a presence in London is Charles Schwab.

Loyds TSB Lloyds TSB is another large banking group in the UK that also offers share dealing accounts. Halifax Those trading shares online without the help of a stockbroker will appreciate the wealth of information available to their clients from Halifax. Redmayne-Bentley Investors seeking personalised advice and who do not mind paying a bit more for top-shelf service should visit their nearest Redmayne-Bentley Stockbroker.

Execution Only Share Dealing There are a number of execution only online share dealing services available to UK residents. Motley Fool The Motley Fool share dealing service is one such online provider that has an immense amount of information available at your fingertips. Opening the Correct Type of Account Stockbrokers and trading sites, whether based on the web, through office locations around the country, or a combination of both, offer a number of different account options.