New Trader

[dixie normous]

I have recently started trading and use a relatively new broker in Leeds called PAdealing. I pay £25 per trade, fixed, but have the peace of mind in having a personal dealer who will watch my stocks, and when trading will actually challenge the Market where there is an unfavourable spread - this has already saved me a substantial amount of money.

The service I receive is second to none but does anyone think I am paying too much or recommend an alternative?

 

[JonnyT]

You are paying way too much.

iDealing charge £10 per trade, almost always get a better pricwe than the market (i.e between the spread) and allow limit and stop orders.

JonnyT

 

[dixie normous]

I take it the £10 charge relates to internet only dealing? - Their internet dealing service will be launched early next month at £10 per trade. I use them for telephone trading at the moment as they have the flexibility of being able to deal up to T25 and offer a trding limit of 4 times cash on deposit.

Do iDealing offer similar?

 

[JonnyT]

Is this an advert?

 

[dixie normous]

No I don't think so - I've had my fill of working in the industry and just want to make sure I'm not getting legged over!!!!

 

[scrappy]

new trader

Hi Dixie,

thats not bad for a full service broker who will keep an eye on your stocks, my one used to charge 45. They are fine for longer term trades but you will have a hard time making money daytrading because of huge costs.

Scrappy

 

[FTSE Beater]

Hi Dixie.

It depends on what they do when they look at your stock. Anyone could get paid for looking at stocks, whether they act on them is another matter.